The time is fast approaching when the bulls will return to the market and the banking sector will be one of the first sectors to pick up.Abbey National has as we all know had a bad time of it this past year but its worst days seem to be over as the shareprice has put on over a quid in no time at all.At 430p the shares have to be a good buy for the longer term especially as they will still be paying a decent dividend.The sale or disposal of its non core wholesale banking arms are going to plan and brokers are even saying these assets havent been fully taken into account with regard to Abbeys shareprice.They touched 450p last week but slipped back to 430p giving a buying opportunity.The Sars virus may affect the shareprice over the next few days but any weakness should be seen as a buying opportunity.DYOR as usual.

I think it might be a bit dicey shorting this before 12 noon. (BOE interest rate decision)

Not a lot been said on the Abbeys progress since early June.Well the old in and out ploy is working very nicely with these and i have recouped most of my losses when i bought before the trading statement at 516p.They hit 516p today before falling back but things are much better.Sold some yesterday at 501p just to watch them finish at 510p and then move north again first thing,but all in all any profit is better than a loss so im happy.

HO HO HO.What a great week for the old Abbey National.Took most of the profit to buy some LLoyds shares as these are lagging behind and hopefully they will come out with good interims tomorrow.Where are you Gutso i owe you a pint.

Well, SQUEALER, you may "owe Gutso" a pint. Enjoy buying yourself a pint :)