Boomed! - Just bought a load of HBOS ...

[DS23]

Only if you're a cretin who gets their "knowledge" from the popular press.
Which you are.

but there are a lot of cretins out there. what if those cretins start queuing for their money now?

[sasguru]

Shares rising sharply. Boomed!

[sasguru]

I'm going to stick and see what happens - I think we may have just hit a support level and the traders now recognise "good value".

Could be a dead man's bounce - but I don't think so.

[DaveB]

HBOS has generally been regarded as the next bank to fail, for the past year or so. Anybody buying really is crazy IMO.

Bollocks. If it was going to happen it would have happened well before Lehmans. HBOS has been plagued by short sellers and trash and cash trading since at least March and they show no signs of going under yet.

When banks fail like this they fail fast. Lehmans was gone a matter of days. Northern Rock only lasted as long as they did because speculation and dithering about what the Government would do kept them afloat for a couple of weeks longer than they should have had.

The deal to sell Merril Lynch was done in a week because that was the timescale they knew they had to get it done before they risked going under themselves.

My money is on Barcleys being the success story after the dust settles. hey seem to eb the only bank in a position to take advantage of whats happening.

[chris79]

Sell now!! 10% of £1m is £100k... that's about £50k an hour. Not bad.

[downsouth]

Shares rising sharply. Boomed!

selling or hanging in?

[sasguru]

selling or hanging in?

Sticking - for now ....

[Cyberman]

Bollocks. If it was going to happen it would have happened well before Lehmans. HBOS has been plagued by short sellers and trash and cash trading since at least March and they show no signs of going under yet.

When banks fail like this they fail fast. Lehmans was gone a matter of days. Northern Rock only lasted as long as they did because speculation and dithering about what the Government would do kept them afloat for a couple of weeks longer than they should have had.

The deal to sell Merril Lynch was done in a week because that was the timescale they knew they had to get it done before they risked going under themselves.

My money is on Barcleys being the success story after the dust settles. hey seem to eb the only bank in a position to take advantage of whats happening.

You forget that HBOS has already had access for months to BofE funding, which Northern Rock was denied. That is one reason why HBOS' demise has been slowed down. You are slightly naive.

[sasguru]

You forget that HBOS has already had access for months to BofE funding, which Northern Rock was denied. That is one reason why HBOS' demise has been slowed down. You are slightly naive.

Go away. The big boys are playing.

[downsouth]

end the day @178-180'ish