*ankers - SV650.org

08-10-08, 09:29 AM

So the plan: tax payers inject 50 billion to buy into the 8 big banks and another 200+ into a new company that loans money to these 8.

http://news.bbc.co.uk/1/hi/business/7658277.stm

Has anyone been watching/playing the shares. Traders must be making a killing at the moment with 30% plus increases and decreases in a day. No doubt they will be on the up again today.

08-10-08, 10:02 AM

If I had cash to spare I would. But you need to be real brave right now.

08-10-08, 10:04 AM

Quote:

Originally Posted by TuonoGrant

Has anyone been watching/playing the shares. Traders must be making a killing at the moment with 30% plus increases and decreases in a day.

IIRC that's termed as short selling, and isn't permitted at the moment.

G · 08-10-08, 10:05 AM

Quote:

Originally Posted by Flamin_Squirrel

IIRC that's termed as short selling, and isn't permitted at the moment.

Its also how one banker earned $1.6Bn last year....lucky clever sod.

Gazza77 · 08-10-08, 10:10 AM

Quote:

Originally Posted by Flamin_Squirrel

IIRC that's termed as short selling, and isn't permitted at the moment.

Short selling is selling shares you don't actually own, which is banned. Buying and selling them again quickly is not banned, but you'd have to be quick the rate they are rising and falling!

08-10-08, 10:12 AM

And brave, if you wait slightly too long they could drop down again, or company could even disappear with your shares!

If you want to buy some though i'd look at banks you expect to make it through.
Eg RBS, their shares were about £15 a little while back, I havn't checked past few days but they were around £2 or less, buy a few now wait until they recover.

Of course you can't be 100% sure.

08-10-08, 10:15 AM

Quote:

Originally Posted by Gazza77

Short selling is selling shares you don't actually own, which is banned. Buying and selling them again quickly is not banned, but you'd have to be quick the rate they are rising and falling!

Ah my mistake. I though quick buying/selling was suspended though?

08-10-08, 10:24 AM

Quote:

Originally Posted by Flamin_Squirrel

Ah my mistake.

can somebody make a note of the date and the time please.

the above occurance is akin to sighting Haleys Comet.

V rare.

08-10-08, 10:29 AM

Quote:

Originally Posted by keithd

can somebody make a note of the date and the time please.

the above occurance is akin to sighting Haleys Comet.

V rare.

Superb

Gazza77 · 08-10-08, 10:53 AM

Quote:

Originally Posted by Flamin_Squirrel

Ah my mistake. I though quick buying/selling was suspended though?

No, though I do believe trading in RBS shares were temporarily suspended twice yesterday for another reason (something to do with two excessively large sales of shares). As I'm a shareholder (albeit with not many) I'm keeping an eye on them!

08-10-08, 09:29 AM	#1
Demonz Guest Posts: n/a	*ankers So the plan: tax payers inject 50 billion to buy into the 8 big banks and another 200+ into a new company that loans money to these 8. http://news.bbc.co.uk/1/hi/business/7658277.stm Has anyone been watching/playing the shares. Traders must be making a killing at the moment with 30% plus increases and decreases in a day. No doubt they will be on the up again today.

08-10-08, 10:02 AM	#2
EssexDave Guest Posts: n/a	*Re: ankers** If I had cash to spare I would. But you need to be real brave right now.

08-10-08, 10:12 AM	#6
EssexDave Guest Posts: n/a	*Re: ankers** And brave, if you wait slightly too long they could drop down again, or company could even disappear with your shares! If you want to buy some though i'd look at banks you expect to make it through. Eg RBS, their shares were about £15 a little while back, I havn't checked past few days but they were around £2 or less, buy a few now wait until they recover. Of course you can't be 100% sure.