HBOS falling hard.. this could get nasty

Admiral Huddy · 17-09-2008, 09:12

Dealers here are paniking.. there's no doubt this is going to have serious repercussions :

http://www.londonstockexchange.com/e...ET13058750HBOS

Down 68 points since opening.

Must have been due to the S&P ageny rating drop

I have quite a few friends at HBOS HQ... and things are a bit unstable here too.

Mark · 17-09-2008, 09:16

Same happened Monday and Tuesday too.

No doubt it's a very shaky time for anyone in banking but unlike Lehman, AIG, and the like, HBOS have liquidity to draw upon should they need. I doubt HBOS will get even close to failure any time soon unless there's something hiding in the closet that traders know about but the experts don't.

Admiral Huddy · 17-09-2008, 09:19

Quote:

Originally Posted by Mark

Same happened Monday and Tuesday too.

No doubt it's a very shaky time for anyone in banking but unlike Lehman, AIG, and the like, HBOS have liquidity to draw upon should they need. I doubt HBOS will get even close to failure any time soon unless there's something hiding in the closet that traders know about but the experts don't.

The goverment would step in before the unthinkable should happen... Watches carefully..

Admiral Huddy · 17-09-2008, 09:20

Down 94 : #brace#

bam · 17-09-2008, 09:24

What is the justification for the drop though? I'm watching the news in the background here and HBOS themselves seem to think that they're being targeted by short sellers with no financial reason. Similar to Black Wednesday.

Admiral Huddy · 17-09-2008, 09:29

Quote:

Originally Posted by bam

What is the justification for the drop though? I'm watching the news in the background here and HBOS themselves seem to think that they're being targeted by short sellers with no financial reason. Similar to Black Wednesday.

Too much lending and as a result a drop in rating. Makes trading harder. plus no faith in interbank lending and high LIBOR..

Tak · 17-09-2008, 09:30

Talks of a merge with Lloyds is top headline on BBC - I can't say I really understand any of it, would the drop be because of the merger talk?

Zirax · 17-09-2008, 09:30

At the moment quite a lot are making quick bucks through this. Trend for quite a few days is to fall hard, then recover a fair bit by the end of the day. I bet the day traders are making a fortune.

There does seem to be targetting going on, but who knows what is under the covers. I was thinking of you Huddy when Lehman bro's went down.

Admiral Huddy · 17-09-2008, 09:33

Quote:

Originally Posted by Takhisis

Talks of a merge with Lloyds is top headline on BBC - I can't say I really understand any of it, would the drop be because of the merger talk?

No the opoosiute.. a resue would help a recover.. which it has already..

Gone back back up to 146.. Someone would have made a nice killing this morning.

All my shares have recovered this morning which is good.

Quote:

Originally Posted by Zirax

There does seem to be targetting going on, but who knows what is under the covers. I was thinking of you Huddy when Lehman bro's went down.

cheers mate.. I don't think the full affect has been felt yet.. We'll see over the forthcoming months..

bam · 17-09-2008, 09:39

Quote:

Originally Posted by Admiral Huddy

Gone back back up to 146.. Someone would have made a nice killing this morning.

You're not kidding there, according the feed I'm looking at here HBOS shares are up over £2 a share, considering that at their lowest this morning they were apparently changing hands for 96p each some people are definitely looking to make a fair amount.

17-09-2008, 09:12	#1
Admiral Huddy HOMO-Sapien Join Date: Jun 2006 Location: Chelmsford Posts: 6,692	HBOS falling hard.. this could get nasty Dealers here are paniking.. there's no doubt this is going to have serious repercussions : http://www.londonstockexchange.com/e...ET13058750HBOS Down 68 points since opening. Must have been due to the S&P ageny rating drop I have quite a few friends at HBOS HQ... and things are a bit unstable here too. __________________ I just got lost in thought.. It was very unfamiliar territory. Techie Talk \| My gaming Blog \| PC spec \| The Admirals log

17-09-2008, 09:20	#4
Admiral Huddy HOMO-Sapien Join Date: Jun 2006 Location: Chelmsford Posts: 6,692	Down 94 : #brace# __________________ I just got lost in thought.. It was very unfamiliar territory. Techie Talk \| My gaming Blog \| PC spec \| The Admirals log

17-09-2008, 09:24	#5
bam Long Island Iced Tea Join Date: Sep 2008 Posts: 106	What is the justification for the drop though? I'm watching the news in the background here and HBOS themselves seem to think that they're being targeted by short sellers with no financial reason. Similar to Black Wednesday. __________________ Oderint Dum Metuant

17-09-2008, 09:30	#7
Tak L'Oréal Join Date: Jul 2006 Location: Portsmouth Posts: 9,977	Talks of a merge with Lloyds is top headline on BBC - I can't say I really understand any of it, would the drop be because of the merger talk? __________________ The look on your face when a toddler rips out your heart and shows it to you? Priceless.... For everything else, there's FWOOSH!

17-09-2008, 09:16	#2
Mark Screaming Orgasm Join Date: Jul 2006 Location: Newbury Posts: 15,194	Same happened Monday and Tuesday too. No doubt it's a very shaky time for anyone in banking but unlike Lehman, AIG, and the like, HBOS have liquidity to draw upon should they need. I doubt HBOS will get even close to failure any time soon unless there's something hiding in the closet that traders know about but the experts don't.

17-09-2008, 09:30	#8
Zirax Goes up to 11! Join Date: Jul 2006 Posts: 4,577	At the moment quite a lot are making quick bucks through this. Trend for quite a few days is to fall hard, then recover a fair bit by the end of the day. I bet the day traders are making a fortune. There does seem to be targetting going on, but who knows what is under the covers. I was thinking of you Huddy when Lehman bro's went down.