any one got a feelling in their water how far LLoyds will go looking to to buy but just dont know when they are low enough

True it is shouting.

Thankfully trading day is over, as well as my two lloy purchases I also had a Limit order trigged on RBS right at the days low fortunately. I had been purchasing for long term, but I will do some calculations tonight for some possible short term trades.

Have never experienced madness like the last two days. I think I need to lay down.

The shorters on banks might have had it !.....could be banning shorting on banks and insurers soon !.

Some people will : in the last few days have lost and others made a fortune....Lloyds looks a good long term bet.....like BG., if there are any further drops : it will be on my watch list that's for sure.....!.

No could about it RF, they just have..until January on Banks and financials.

Looks like the ups and downs will continue.....wish I had more time to follow this....and a bit more dosh !.

A rise tomorrow morning on the cards ?, might depend on the Dow !.

Well I think there might be a kangaroo's tail on that chart at least I hope so. Hedge funds desperate to recoup their losses on commodities have stooped to attacking the Black Horse! Disgraceful animal cruelty the R.S.P.C.A have been informed.Well it may need some new hooves and some time at the manger but after a few sugar lumps and a good pat this animal will strike back at Hedgestock

DOW finnished up 3.9%, so should be blue here tomorrow. I believe lloy were up to 300p in American market when converted from ADRs..

Hopefully I should have a pleasant choice to make tomorrow for a change, having brought today at 251 then 233. Either sell for quick profit, or hold for long term.

Might favour long term, and sell some RBS I brought today, if they also rally.

Well done Spitfire43 ........... Looks like you called it near perfect .....

while it looks like I've missed the boat.

All the best for the morrow.
Amar

Incredible how sentiment changes !, massive increases today.....but for how long ?.

Would have been too good to be true if I could have traded in first 10 minutes.

But surprise surprise the trading platform was down.

WELL DONE .......... to all those that managed to get in / out ...............
at the right price of course.

You deserve every success.
Amar

Well things are looking better today with the following proposals improving sentiment:-

LONDON, Sept 19 (Reuters) - Euro zone government bond futures fell more than a full point on Friday in tandem with weaker Treasuries on news the U.S. government was mulling a plan to resolve the credit crisis, prompting unwinding of safe haven positions.

Short-dated debt yield ramped up by a sharp 32 basis points in a 20-basis-point flattening of the 2-10 year yield curve.

A congressional aide said U.S. Treasury Secretary Henry Paulson has been touting a proposal to lawmakers that would create an entity to deal with the billions of dollars of bad debt still clogging the financial system.

Bunds also felt pressure from news European exchanges had banned short selling of financial stocks, a strategy alleged to have contributed to the wiping out of half of HBOS shares value earlier in the week before rival bank Looyds TSB stepped in to buy it.

The Financial Services Authority published a list of stocks subject to the temporary short-selling ban while the Irish Stock Exchange said it had banned short-selling of several financial institutions [ID:nWLA9900].

Euro zone bourses were expected to open more than 4 percent higher at 0700 GMT. More [ID:nLJ263546].

Bund futures opened sharply lower compared with the settlement close on Thursday.

'Apart from the short-selling rules and the Paulson credit rescue talk, today we have the triple witching effect in the U.S. with the expiry of stock futures contracts adding to the jitters,' said a trader in London. 'We expect more downside for bonds this session.'

At 0641 GMT, the December Bund future was down 104 ticks at 114.24 since the settlement close on Thursday, having opened at 114.54.

The interest rate-sensitive two-year Schatz yield was at 3.90 percent, up 30 basis points. The 10-year Bund yield was up 13 basis points at 4.15 percent.

'Essentially distressed assets would be moved to the balance sheet of a new institution, broadly speaking a dumping ground for the toxic stuff, and will mean the government taking on more of the private sectors mess-ups,' said Padhraic Garvey, a bond analyst at ING in Amsterdam.

'No doubt more pressure too on the U.S. fiscal position in the years to come, and more immediate pressure on the Fed's balance sheet. But less pressure on the US banks, at least that is the idea,' he added.

Other events markets will watch are European Central Bank Executive Board member Juergen Stark speaking at a conference in Rome at 0715 GMT and Italian industrial orders for July released at 0800 GMT. Keywords: MARKETS BONDS EURO

Guscavalier comment: Moving the "toxic waste" to a separate government entity would effectively be a bail out for know and will enable the wholesale funding market to free up, since banks will begin to trust each other again. However, the cost will probably result in weaker dollar. I expect the US money printing machines will glow red hot.

It's interesting to note that Panmure Gordons Sandy Chen, who has been the most bearish of analyist so far, has cut is price target for lloy from 350p to 340p. But has changed is recommendation from hold to buy, saying that funding costs and synergies offer lloy a crucial advantage. And that lloy will have about one third of the retail banking market in the UK, around double that of it's nearest competitor.

It will be a bumpy ride in the short term, but I believe Lloyds will be in a very strong position once markets settle down.

Agree, we need to let time pass as, over the short term, Lloy will be hungry for cash while things are sorted out. Can not understand why they just don't pass the dividend instead of issueing shares since everybody is diluted pro rata anyway. Although, thinking about it again there may be some who will wish to sell the additional shares to receive the cash assuming there will be a commission free service provided to do this.

Time to buy ..?

There all going to rocket tomorrow if U.S vote goes to plan tonite- even if it doesn't and that looks very unlikely it will go through eventually. So its a case of picking the best or most undervalued share - Lloyds or Hbos even Rbs, or why not punt on all three, dead certs as they say !!

anybody who says it is a dead cert on anything in the mkt is asking for one huge fall. Punt on one bank, maybe, but all three. No way!

HBOS is my choice, but thats only at the moment, bought back in earlier so obviously would say that !!