Reply to: Bank shares

[dude69]

you've got to have a job to even have some cash to gamble with!!!

I'd selling most stuff straight away, re-buy at the bottom end. Never try to catch a falling sword, so wait until the shares bottom out, and rebuy.

Banks appeared to have bottomed, and recovered significantly from their lows, but they are back down there again.

[DS23]

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

what a bizarre thing to do.

[DimPrawn]

Cash is king. A punt on bank shares is no more sensible than a roll of a dice at the moment.

I'm sitting on my pile waiting for the big cleanup, and that is months/years away.

[Cyberman]

These could go well below a quid a share. I have been there before so I am not being sucked into this one. I read of one guy complaining about Lloyds TSB sharedealing not allowing him to trade yesterday and he wanted to buy at 1.80 !! Just as well, because he can now buy at 1.50. Down Down DOWN!!!

[MarillionFan]

Stop loss got triggered on HBOS!

[StuntManMike]

you've got to have a job to even have some cash to gamble with!!!

I'd selling most stuff straight away, re-buy at the bottom end. Never try to catch a falling sword, so wait until the shares bottom out, and rebuy.

You'd be kicking yourself if you were still in Lehmans this week.

[Cyberman]

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

More money than sense, obviously.

[MarillionFan]

Barclays was involved in trying to buy Lehmans and has just put a large amount of surplas into a pot(I think $7 Billion each between 10 banks I read)

HBOS though is a gamble.

[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

[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

[aceboy]

Market sentiment. Nothing fundamental

Good reading though!!

[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

[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.

[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).

[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.