Bank shares

[aceboy]

So is anyone taking a punt on HBOS / RBS / Barclays?

[Torran]

[rootsnall]

I took a punt during the last panic, I nearly sold last week for a small profit but now it looks like I'm in for the long term

HBOS have the most dodgy loans out there but the others could get in trouble if things get bad. If things don't get that bad then you are quids in.

[Cyberman]

I would not touch bank shares with a bargepole. HMG/BofE could move in at any time, take over, and shaft shareholders, as they have tried to do with Northern Rock. The credit-crunch is now escalating as interbank rates are rising today.

[Alf W]

Have been in and out of Barclays a few times recently and done OK. Personally I think they'll come out of this quite strongly as they seem to be in a position to go foraging for tit-bits whilst other banks are having fire sales.

HBOS looks dodgy at the moment. Bot overly sure why though (big exposure to UK property market but not a lot of diversification).

[sasguru]

All banks are based on a con trick whereby:

outgoings (lending) > incomings (deposits)

This con requires confidence to make it work.
Once confidence goes, all bets are off.

[Moscow Mule]

HBOS looks dodgy at the moment. Bot overly sure why though (big exposure to UK property market but not a lot of diversification).

Market sentiment. Nothing fundamental

[aceboy]

Market sentiment. Nothing fundamental

Good reading though!!

[MarillionFan]

Piled in yesterday £7500 on Barc at 287 and £7500 on HBOS at 182

Didnt sell yesterday so will have to hold on for the ride

[Cyberman]

Market sentiment. Nothing fundamental

I would not trust any of these reports. None of us really knows what is hidden in the figures, what is kept secret(a law was brought in earlier this year to cover up what is going on!!) and what is going on behind closed doors. All we know is that most banks are in trouble. The BofE released another 20 Billion pounds today which was oversubscribed