Barclays is a major global financial services provider engaged in retail and commercial banking, credit cards, investment banking, wealth management and investment management services. Company operates in over 60 countries and employs over 78,000 people.

            Red = 25 day moving average.           Green = 200 day moving average.

Honestly, I don't think anybody would know exactly the writedowns related to the subprime. As Bernanke has mentioned that the related financial products out there could amount to 1 trillion and a worst case discount would definitely be less than half of that. So maybe about 100 billion to 400 billion. The worms crawly out of the can so far has amount to about 175-200 billion. So now could be a good time to add some position?

Anyone joining the party? Bought in some more today.

Here we go! Seems like a rally for the next few days. Way oversold!

At this rate, vol may hit 150 mil by the end of the day!

The most direct beneficiary of such an emergency mega interest rate cut of 0.75% would always be the banks... Sort of turn the game around, make sense to be highly leveraged now.

Morgan Stanley has upgraded the bank sector and closed their short positions.. Here we go!

The market capitalisation of banks worldwide has been decimated in the past few months. Do not be surprised to see some M&A activity in this sector shortly.

Still early stage if you're still considering, don't wait anymore.

If the FTSE is on a spike I think this could fall further from Monday, as so will buy should the price fall to 400p. Already have BB. and RBS so not looking to take on further exposure in the sector at current prices or before we see just what regulation will be introduced following the collapse of the Rock.

Mark down today.

Dow down tonight.

More to come..?

Report in todays Times that Barclays close to buying a Russian bank. Following on from recent purchase of Goldfish credit card business, suggests they do not see any great liquidity issues of their own. Tempted to add before results next week (regrettably have sizeable holding, albeit did offload half above 7) but still have nagging doubt about the size of their "Trading Assets" and what sort of write down will prove necessary. On balance, will wait.

I think BARC is a SELL as their results would not impress next week. Now 434p

barclay results are out on tuesday 19th feb. sp terrible at the moment. If you hold on the 7th march you will be entitled to a dividend of .20 and a half pence per share held. I would be making a big loss if I sell at the moment so I am going to hang on to these shares for the time being. What are every one elses views on this one who held barclays?

It might be worth getting a collar to put on this dog.

I have closed a short.

Last trading statement issued in November 2007 stated 2007 profits likely to be in line with concensus market expectations with earnings of at least 68p per share so the dividend is probably safe.
However since then as you know the sub prime etc credit crunch problems have deteriorated further and BARC will like other banks want to declare provisions/losses as large as possible in order to avoid carrying this problem into their 2008 accounts. How great these losses/provisions are will be revealed on Tuesday but of much greater importance to shareholders will be the forward looking statement to be made in the light of the much anticipated and over hyped economic downturn. Your problem like those of many other shareholders is whether any negative reaction to BARC's results will see a drop in the sp greater than the final dividend payment(after tax). Recent substantial declines in the financial stocks might mean that the old adage buy on the rumour sell on the news could have turned around, although market sentiment suggests no matter what BARC's results reveal nobody wants to buy bank shares at the moment apart from longer term value investors.

Id be prepared to by for a small 5% turn around, problem is this doesn't look likey at the moment....