Today they have fallen 22% to a new low of 223p ..are they another Marconi..?



The chart looks like one long suicide note.

You can buy at 158 as I post!

aware. Same problem. could be making money here so p****d of!

Short sellers will reverse positions later (I hope)

I only want it for 10mins!

Had an opportunity at 163p but turned it down because the sp is so volatile I haven't got confidence I can sell it at 170p+

I've gone elsewhere.

With HBOS down nearly 30% I would have thought they would have issued a statement, hopefully saying that they know of no reason within HBOS for this decline.

I have no position with HBOS, happy to be sidelined at this time, but if they can they must try and stabalise the situation before any confidence left disappears totally.

Now, Looks BAD to me - there is "...no smoke (etc).." - - - I undrstand HBOS relies on the interbank lending, rather than their Depositors - hence the fear that Loans will be hard to come by....leading to poor returns.

Expect further falls until punters think they will buy some.
I'd be happy at 1, considering they are 1.59 right now......just about the worst major-stock faller I've experienced.......(Is this likely to become another NRK? . . . . fortunately there are no high-street queues......yet!)

Ooo-er.

I hope not because they hold my bank account. I have a limit order of 5000 shares at 150. After that sit, wait and hope. I still hold barratts at 656 so im no judge. where is cynic when we need him

storey - your limit order might have just been filled, I was watching live feed at 153p then it has just gapped down to 147p.

some trading platforms have been struggling today to fill orders with HBOS today.

Can see Barclays following suit - there even more exposed than HBOS, and were in bed with Lehman , to the tune of god knows what yet. Making Bradford and Bingley look good between them.

UK may let one bank go but to lead 3/4 to destruction would bring the government and the whole of the financial structure down.

Dont worry they will be 100p soon if not 50p..imho.

I'd be closing them short s mitzy - HBOS make an announcement and they'll fly back up - I've took the gamble at 1.42, total portfolio now resting on these, 850 Million profit last interims, drop is well over done - be 2.00 not 1.00 sooner than you think. (hopefully) But you win some you lose some !!

Ticked up 14 points while writing that last post - think I might close position if it gets to 180/190 though !

spitfire they filled at 1.46 ..trying to get out at 1.81 which its just gone through but not proving easy

well done storeys hopefully the press release below will hold them up for you.

RNS Number : 5679D
HBOS PLC
16 September 2008

HBOS notes the current volatility in bank share prices following developments in the United States. HBOS has a strong capital base and continues to fund very satisfactorily.

Didn't see first post Mitzy - just seen second though - doesn't sound like there in trouble one little bit, back up over 2.00 by close IMHO.. Waiting to see how much Barclays had tied up with Lehman, can see Barclays doing exactly the same -drop like a stone, It will be well overdone when it happens and another big pay off if you can time it right :-)

185p now nord.

30% profit - but going to stick with it, think there s more in it yet - porfit- taking should kick in soon and drop it back to 1.75/1.80 ish then back up to 2.00 by close :-) stop limits in place though !! Nice day really !

Barclays make me laugh - they have secured a deal to buy parts of Lehman, I bet there the parts they already have millions in already !!

Dow just turned green - hopefully have a little rally back up to close now.