Dead Cat Bounce

[ace00]

A fine example:

http://www.google.com/finance?q=LON:LLOY

 

[MarillionFan]

WTF is going on here. I pop out for an hour come back and all the banking stocks have plummetted.

One of the most blatant shorts in history. Thank god I didnt have any stop losses in place for this lot, especially Barclays as they would have all triggered and I would have been sitting on a massive loss as opposed to now where Im only a few grand down.

Whew.

 

[ace00]

HBOS / Lloyds reported 10 billion quid write-down. Ouch. Glad I sold my RBS yesterday. Still long Barclays though.

 

[realityhack]

Only (!!!!!) £1.6bn more than they predicted... Not as bad as it's being reported, but still.

 

[Cyberman]

the NRK judicial review means shareholders are now worried about full nationalisation without compensation IMO.

 

[KentPhilip]

the NRK judicial review means shareholders are now worried about full nationalisation without compensation IMO.

Well indeed.

But that is no worse than full bankruptcy without compensation, which is what would happen if there was no government bailout.