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

And reverse 42 and you get 24p thats my target.

by being short (and old, ugly, bald and bow-legged!)

piled in short... 20p target

I guess at some point when small investors have sold out, and the hedge funds have driven the sp down we could see a large bounce. The prices are becoming so low that there can only be limited milage left in going short.

It looks like game over for rbs, but I can't see lloy or barc being nationalized, this wouldn't even be in the interests of aggressive hedge funds who may be happy to drive the price down.

Question is what price would they change position and buy stock on the cheap for long term, we can't be far from this position now. I noted that lloy touched 34p today with rsi at 20 and barc 75p at rsi 30.

So 20p for lloy could be a target at which point I will have a investment (gamble).

Any opinions......

Great chart.

faster freefall than the twin towers http://www.checktheevidence.com

With compliments of Gordon Brown.

Wont be long now.

Never thought that we would see a drop of this magnitude !.

sp is all over the place ..... has been tradable as low as 34/35 today and as high as about 44

It is difficult to imagine the Market is so very wrong - or - are we all being hearded into the "sell" lobbby?
At these prices it looks as though there is a distinct possibility of Nationalisation, i.e. Shareholdeers wiped-out!
Yikes, that's worse than the wreckage creaked by Directors...!

+I want to know when we are going to see some collars felt.....why is there no blame being directed at Directors of Major FTSE Companies...?
EDIT - Oh and the Auditors who take huge Fees and appear to miss black-holes.

put another way ..... sp has recovered a bit ..... yesterday there was a distinct resistance at 45 so shall look to go short again at that level

Hangon the public either don't realise future tax implications or are too sedated on Horse tranquilizer to care! As Market ticker is fond of ranting the public need to make a stand to get banks to declare their dirty washing and the plutocrats that created the mess to fall on their swords.How people can get years inside for holding up a post office for a few hundred pounds and others paid off in millions for destroying the prospects for several generations is incredible until you assess who holds the power and where their interests lie. The Patriot's club by Christopher Reich is a good read as are some of the old Harold Robbins books if you don't get distracted by the frottage as he experienced and wrote about the depression and people's dislike of the bankers!At least there will not be a brain drain to finance for a while which may foster some innovation in industry if they don't all flee abroad to earn a more credible currency!

Lloyds Group and RBS will be nationalised before the market opens on Monday -

A confidant of the Prime Minister today urged that RBS and Lloyds be fully nationalised to prevent their total collapse. John McFall, chairman of the Commons Treasury Select Committee, said the state should step in 'for the sake of financial stability'.
Mr McFall, who made his plea jointly with leading private equity chief Jon Moulton, warned that the banks would be crippled by uncertainty without 100% nationalisation.

if what you say is true, then i am amazed that LLOY performed as well as it did - i.e. no move overall on the day

Isn't it typical of "died in the wool" scottish old labour MP's to call for nationalisation, what next? Pay that we have an English Parliament soon.

Two questions
1. Does the government have enough for all this nationalization?
2. Is this the answer to the problem?

big squeeze this morning, possibly on back of strong bank performance in US last night and UK minister saying no need to nationalise ..... however, is this sustainable in all senses?

I doubt the government will be keen to nationalise. The balance sheets of even the smallest remaining banks is probably larger than our GDP. My guess is they'll try to let them hobble on for now. I wouldn't be surprised to see the short selling ban reintroduced. Not because it'll make any difference, but because the short sellers are an ideal scape coat. The subsequent price pop would probably also buy some more time. If confidence continues to collapse though, ultimately there could be no choice but to nationalise. I dread to think what would happen to Sterling with the banks liabilities on the governments books though. All seems very sureal....

In my opinion.

Strawbs.

Strawbs for government read us taxpayers.