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

will somone out their if they have the time please explain the diff between shorting and day trading I do a very small bit of buying and selling mainly banks and have done ok I have been away this last week . and what does it mean to the traders that buy and sell in the same day I trade through halifax

mojo, when you short sell a stock, your broker will lend it to you. The stock will come from the brokerage's own inventory, from another one of the firm's customers, or from another brokerage firm. The shares are sold and the proceeds are credited to your account. Sooner or later you must "close" the short by buying back the same number of shares (called covering) and returning them to your broker. If the price drops, you can buy back the stock at the lower price and make a profit on the difference. If the price of the stock rises, you have to buy it back at the higher price, and you lose money.

Day trading is completely different as you will not be 'borrowing' the stock, you will own it until you sell the same day, or at a later date.

Thanks for that kimoldfield sorted out now

Good show!

187p today could they fall even more.

I thought that this would drop below 200p....it has !....long term it will be a good buy......short term...expect nice rises and more drops....those with cash and time could mint it playing some of these banks !.

Britain will launch its biggest retail bank rescue on Monday when the four largest, HBOS, Royal Bank of Scotland, Lloyds TSB and Barclays, ask for a combined 35 billion pound lifeline, the Sunday Times reported.

there is a much more in the report on Reuters and it does not make comfortable reading

Buying opportunity on Monday

what is this......a double act between cynic and kirkup on these threads

i posted my bit on all the bank sites as it seemed relevant to them all

i know cynic............i just found it funny that kirkup posted his same comments immediately after yours on all the other threads

ah ... had not really noticed .... was busy enjoying the sunshine on the golf course and then trimming (actually hard pruning) my wisteria

I hope you are right nkirkup because as of late I've been stuffed so much I don't need a taxidermist !.

i don't see any hurry to buy tomorrow, but certainly worth monitoring very closely

HBOS deal called off should benifit both parties.

i agree.......i think it was done in haste cos of sp plummeting cos of unsubstantiated made up rumours.

wish the media would shut up.....they r making economy much worse, in fact i think they r going out of way to make everyone unemployed next year cos thats whats going to happen. when russia went to georgia that silenced things.

Starting to collapse, -11%

It would be intresting to know in advance, what level of dividend will be retained for LLOY's.

The current sp relates to an equivalent of a 25% dividend or a PE of about 4.

I am watching closley for another overdone drop as a possible re-entry point into this stock.

Good luck to all holders.

Target price on the other side is 147p.

I think it will be considerably lower.

Fall in LLOY sp suggests market does not like proposed HBOS takeover in front of a probable collapse in the UK housing market next year. LLOY's directors are acting like Fred Goodwin did when he outbid BARC for ABN/AMRO. If this deal goes through LLOY shareholders do not get a dividend until 2010, why should they vote for the deal? Or are they all turkeys waiting for christmas.