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

[realityhack]

The price will rise a bit before the end of the day when a sensible person should sell, and a sell-off will start again tomorrow and the price will be sub 1 pound next week.

Rubbish. Where are you getting this info from? HBOS are fundamentally sound. Troubled, but sound.

[Cyberman]

May hold till tomorrow. If good, I'll take it, if not I'll hold medium term.
I doubt HBOS will go bust, at these prices definitely undervalued.

Northern Rock was considered undervalued by hedge fund RAB and others. Some people never learn.

[DaveB]

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.

Which they didnt use becasue they didn't, and still don't, need it. All the major banks had access to the BofE funding, none of them made any real use of it.

[Cyberman]

Rubbish. Where are you getting this info from? HBOS are fundamentally sound. Troubled, but sound.

Ah, that's all right then, because Realityhack says everything is ok.

[Cyberman]

Which they didnt use becasue they didn't, and still don't, need it. All the major banks had access to the BofE funding, none of them made any real use of it.

20 Billion oversubscribed TODAY, and you are still in denial !!

[Moscow Mule]

The take up TODAY on 20 Billion pounds was OVERSUBSCRIBED.

So your point about HBOS being subject to special measures was complete BS then?

[Moscow Mule]

Ah, that's all right then, because Realityhack says everything is ok.

20 Billion oversubscribed TODAY, and you are still in denial !!

http://forums.contractoruk.com/631345-post8.html

[Cyberman]

So your point about HBOS being subject to special measures was complete BS then?

These funding allowances by the BofE are special measures.

[ookook]

What does the panel think about the FTSE tomorrow? after 3.9% yesterday and 2.9% odd today - are we looking at a rebound? or more misery?

[DaveB]

20 Billion oversubscribed TODAY, and you are still in denial !!

Because the LIBOR rate has rocketed following the Lehmans collapse and that £20 billion was only made available Today. It has no relevence at all to anything prior to that.

The central banks are injecting cash into the markets to help ensure liquidity in the face of rising LIBOR rates, not to shore up individual institutions.