RBS look pretty doomed!

Admiral Huddy · 10-10-2008, 16:40

Another big drop on the FTSE today (8.26%).. Looks like the global rate cut and bail outs aren't working as quick as expected

http://newsvote.bbc.co.uk/2/shared/f...data/overview/

Went down under 3900... 3000 by christmas anyone?

At 72p, you might be able to grab a bargain Monday. There's no way the the Government will allow this bank to fail because of their massive global asset value. If they do, well kiss your jobs good bye!!

HBOS and Schroders also hit hard today.

iCraig · 10-10-2008, 16:46

I already have HBOS shares, and was tempted to buy some more on Wednesday when the market had tanked. Then it surged 60% and is tanking again, I think I need to call bottom soon before the bail outs filter through and bring these all back up.

Admiral Huddy · 10-10-2008, 16:47

If you have HBOS.. keep them for long term divi payouts and recovery. Don't sell!

iCraig · 10-10-2008, 16:54

Quote:

Originally Posted by Admiral Huddy

If you have HBOS.. keep them for long term divi payouts and recovery. Don't sell!

No no, I was going to buy more whilst they're so cheap.

loki · 10-10-2008, 16:50

Quote:

Originally Posted by Admiral Huddy

Another big drop on the FTSE today (8.26%).. Looks like the global rate cut and bail outs aren't working as quick as expected

http://newsvote.bbc.co.uk/2/shared/f...data/overview/

Went down under 3900... 3000 by christmas anyone?

At 72p, you might be able to grab a bargain Monday. There's no way the the Government will allow this bank to fail because of their massive global asset value. If they do, well kiss your jobs good bye!!

HBOS and Schroders also hit hard today.

I don't think it will hit 3000 but I think next week might see another 100 points shaved off teh FTSE before the real recovery begins. The meeting of the G7 is vital to getting some confidence back into the market and get them lending again.

Matblack · 10-10-2008, 16:55

So if I open an account here http://www.iii.co.uk/ and buy £100 of RBS shares I will make free money?

MB

Admiral Huddy · 10-10-2008, 16:58

Quote:

Originally Posted by Matblack

So if I open an account here http://www.iii.co.uk/ and buy £100 of RBS shares I will make free money?

MB

If they go up.. but by them for long term investment.. The banks will make hefty profits and you'll get divi payouts at some stage. Our bank has made more over the last nmonth than over the year.. What does that tell you?

Barclaystockbrokers ftw

Desmo · 11-10-2008, 10:06

Quote:

Originally Posted by Matblack

So if I open an account here http://www.iii.co.uk/ and buy £100 of RBS shares I will make free money?

MB

Did you do this MB? Must admit I'm quite tempted. Whilst we don't have tons of spare cash sitting around, I could find some to invest and it's not a massive gamble. I've also already got a share account setup for when I got some Standard Life shares so it's no hassle to do either.

Matblack · 11-10-2008, 10:22

No and after reading some forums I'm not about to, its money that given the current state if the economy is better off going towards paying off our mortgage. Its not that I don't believe there is money to be made, but getting rid of our mortgage will make for more opportunities to 'play' with the market later

MB

LeperousDust · 11-10-2008, 14:35

Hmmm what about me then? I don't have a mortgage, but i have spare money (kinda) flying around already. Where did you read around MB? I'm intrigued by this since i missed out on the last HBOS round

. Also after learning that banks merely just "make" money i feel they're in an even stronger position

.

10-10-2008, 16:40	#1
Admiral Huddy HOMO-Sapien Join Date: Jun 2006 Location: Chelmsford Posts: 6,692	RBS look pretty doomed! Another big drop on the FTSE today (8.26%).. Looks like the global rate cut and bail outs aren't working as quick as expected http://newsvote.bbc.co.uk/2/shared/f...data/overview/ Went down under 3900... 3000 by christmas anyone? At 72p, you might be able to grab a bargain Monday. There's no way the the Government will allow this bank to fail because of their massive global asset value. If they do, well kiss your jobs good bye!! HBOS and Schroders also hit hard today. __________________ I just got lost in thought.. It was very unfamiliar territory. Techie Talk \| My gaming Blog \| PC spec \| The Admirals log Last edited by Admiral Huddy; 10-10-2008 at 16:44.

10-10-2008, 16:46	#2
iCraig iCustom User Title Join Date: Jul 2006 Posts: 2,250	I already have HBOS shares, and was tempted to buy some more on Wednesday when the market had tanked. Then it surged 60% and is tanking again, I think I need to call bottom soon before the bail outs filter through and bring these all back up. __________________

10-10-2008, 16:47	#3
Admiral Huddy HOMO-Sapien Join Date: Jun 2006 Location: Chelmsford Posts: 6,692	If you have HBOS.. keep them for long term divi payouts and recovery. Don't sell! __________________ I just got lost in thought.. It was very unfamiliar territory. Techie Talk \| My gaming Blog \| PC spec \| The Admirals log

10-10-2008, 16:55	#6
Matblack Baby Bore Join Date: Jun 2006 Location: Svalbard Posts: 9,770	So if I open an account here http://www.iii.co.uk/ and buy £100 of RBS shares I will make free money? MB __________________ "we had roots that grew towards each other underground, and when all the pretty blossom had fallen from our branches we found that we were one tree and not two"

11-10-2008, 10:22	#9
Matblack Baby Bore Join Date: Jun 2006 Location: Svalbard Posts: 9,770	No and after reading some forums I'm not about to, its money that given the current state if the economy is better off going towards paying off our mortgage. Its not that I don't believe there is money to be made, but getting rid of our mortgage will make for more opportunities to 'play' with the market later MB __________________ "we had roots that grew towards each other underground, and when all the pretty blossom had fallen from our branches we found that we were one tree and not two"

11-10-2008, 14:35	#10
LeperousDust Bananaman Join Date: Jul 2006 Location: Liverpool/Edinburgh Posts: 4,817	Hmmm what about me then? I don't have a mortgage, but i have spare money (kinda) flying around already. Where did you read around MB? I'm intrigued by this since i missed out on the last HBOS round . Also after learning that banks merely just "make" money i feel they're in an even stronger position . __________________