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ROYAL BANK OF SCOTLAND (RBS)     

cashcaptain - 09 May 2007 13:23

ANYONE KNOW WHY THE ROYAL BANK OF SCOTLAND IS SHOWING A SHARE PRICE AROUND THE 6.59 MARK WHEN IT WAS 18.00 OR SO THE OTHER WEEK OR AM I GOING STRANGE?????????????

Clubman3509 - 19 Jan 2009 13:13 - 610 of 676

19.10 and falling

mitzy - 19 Jan 2009 13:15 - 611 of 676

Well according to Justin Uquart Stewart 24 hours ago he said it was it was de facto 100% nationalised ...it is still overvalued thats why I have placed a buy order @7p I wonder if it will get filled today.?

17p now wipe -out.

robertalexander - 19 Jan 2009 13:18 - 612 of 676

if nationalised/or to be nationalised in very near future.. wouldn't that make buying even at 7p a strange decision as surely the shares would be worthless? or am i missing something[probably]

Clubman3509 - 19 Jan 2009 13:19 - 613 of 676

Mitzy why would you want to buy at 7p

mitzy - 19 Jan 2009 13:21 - 614 of 676

I'm not really sure Clubman it will be a small punt @7p bit like putting money on Red at Roulette.

Clubman3509 - 19 Jan 2009 13:23 - 615 of 676

18p now some short positions being closed and cashing in maybe.

Clubman3509 - 19 Jan 2009 13:24 - 616 of 676

AT least red gamble would give you a 50% chance not forgetting the 0 and 00

dealerdear - 19 Jan 2009 13:25 - 617 of 676

Don't be caught up in all this.

The government has never come out with proposals and then retracted within the next day or so. They will be left with a large holding at 31p and the sp will go back to that level at some point. This is simply a golden op to make money which people are taking

mitzy - 19 Jan 2009 13:26 - 618 of 676

Yes a pure gamble but as Justin said liabilities outweigh assets so its 50/50 .

robertalexander - 19 Jan 2009 13:29 - 619 of 676

DD,
Are you saying that RBS is a buy[in your opinion] at at current SP with a target of 31p?
Alex

dealerdear - 19 Jan 2009 13:35 - 620 of 676

I'm saying this exact thing happened when the Gov took a holding at 65p. The sp dropped to around 50p then recovered to 70p. I wouldn't buy till I see sentiment change but when it does then there is serious money to be made IMO.

Clubman3509 - 19 Jan 2009 13:36 - 621 of 676

Crazy 14.90 now

mitzy - 19 Jan 2009 13:36 - 622 of 676

Hard to believe it was 700p 18 months back but if I can buy @7p thats 1% of the highest price.
Its another Marconi people will be wiped out.

Clubman3509 - 19 Jan 2009 13:37 - 623 of 676

The way its going he may be able to buy today at 7p

cynic - 19 Jan 2009 13:38 - 624 of 676

short was stopped out at 22, which still left me a respectable profit ..... took my life in my hands and re-opened short at 18 ..... shall again put in a sensible stop

skinny - 19 Jan 2009 13:39 - 625 of 676

This is looking like suspension looming - its just lurching form auction to aution!

cynic - 19 Jan 2009 13:49 - 626 of 676

though CFDs do not have a time function, i would rather not be caught up in a full-blown suspension, though it would probably not be for more than a few days, if that

mitzy - 19 Jan 2009 13:49 - 627 of 676

OMG george its 13p.

Clubman3509 - 19 Jan 2009 13:49 - 628 of 676

12.70 nearly finished or suspended

skinny - 19 Jan 2009 13:50 - 629 of 676

Its seems to be in backwardisation even when no auction flag showing - never seen this before.
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