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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 15:52 - 645 of 676

UP I546%

Clubman3509 - 19 Jan 2009 15:54 - 646 of 676

Back to 10p must have been a glitch

mitzy - 19 Jan 2009 16:22 - 647 of 676

Amazing almost 1 bill shares traded.

greekman - 19 Jan 2009 16:28 - 648 of 676

I sold all my holdings a few months ago at 1.60p. No not bragging about it as I had bought only a couple of months earlier at 2.40p.
Apart from the usual none confidence in banks, I feel as soon as short selling was again allowed on banks, these drastic drops in the sp were inevitable, although obviously the lets try anything without fully thinking it through (reduction in VAT, the initial throwing vast amounts of cash at banks without a plan) strategy of this excuse for a government is the main reason.
Shares have always been a gamble, but in the present climate anyone trying to read the direction of banking shares, is in my opinion taking the biggest market gamble possible.

mitzy - 19 Jan 2009 16:29 - 649 of 676

More bad news is on the way according to latest reports this share is a complete gamble.

cynic - 19 Jan 2009 16:33 - 650 of 676

closing auction price was 12.40 ..... have had to be content with shorting LLOY as IG have shut their books for new orders on RBS

kimoldfield - 19 Jan 2009 16:35 - 651 of 676

Possibly not a good idea to short the banks at the moment; if they get run into the ground then the whole bucket of sh*t will hit the fan.

greekman - 19 Jan 2009 16:36 - 652 of 676

As stated on another site, if we dealt with those who knowingly lied to the market, which includes many of our banks directors who openly stated that there were no more 'known' write downs due to all (again that word known) bad debt being declared, many would end up serving long jail sentences.
It is clearly apparent that although they did not know the exact figures, they mislead the markets with their blatant lies.
Don't hold your breath though, waiting for justice.

skinny - 19 Jan 2009 16:36 - 653 of 676

It hasn't uncrossed yet!

kimoldfield - 19 Jan 2009 16:41 - 654 of 676

5 when uncrossed?!

skinny - 19 Jan 2009 16:43 - 655 of 676

HSBA LLOY RBS still in auction.

kimoldfield - 19 Jan 2009 16:43 - 656 of 676

RBS adopted the same lending strategy as the present government. Can the loan be repaid? No? OK give them the money then!

cynic - 19 Jan 2009 16:43 - 657 of 676

i scarcely think that my short of 7k will have much effect on a company that trades a zillion a day!

skinny - 19 Jan 2009 16:46 - 658 of 676

10k just gone through @273 - someone very happy or very sad!

edit uncrossed @11.6

just noticed thats down 66.6% - spooky

kimoldfield - 19 Jan 2009 16:50 - 659 of 676

"i scarcely think that my short of 7k will have much effect on a company that trades a zillion a day!"

Imagine the chaos if they had all been in certificated form! Modernisation has it's benefits!

kimoldfield - 19 Jan 2009 16:51 - 660 of 676

I was referring to the number of shares traded today by the way!

greekman - 19 Jan 2009 17:19 - 661 of 676

I think anyone still buying shares (long) in this should be certified. Sorry couldn't resist.

kimoldfield - 19 Jan 2009 18:05 - 662 of 676

:o)

HiThere - 19 Jan 2009 19:16 - 663 of 676

posted video before ref. why banks will fall, but didn't work.

all b

mitzy - 19 Jan 2009 22:11 - 664 of 676

I predict 2.5p tomorrow just a bit of fun.
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