Barclays Share Discussion Threads

[bluepill] 09/3/2009 11:44

well called mate, but i think you've made your short term profit here, looks to me like it should bounce off these levels

[smelgy] 09/3/2009 11:42

.....bluepill - yes short 95.6 at £100 per point. Not closing until 50p and that's dependent on the trading pattern. If it dives below 50p aggressively, then 40p and below is on the cards.

[shorter killer] 09/3/2009 11:38

yes, even my BDEV is worth 85p now. BARC is oversold. So I added more at 58.2p.

[bluepill] 09/3/2009 11:38

you're obviously short on this smelgy.
i would close while you are up

[sprit1e] 09/3/2009 11:38

Chiva20...... I am not short I am long and hoping... I just dont see it in the short term these are a long term hold for me.....Varley saying nothing holds a whole world of worry for me but I think the upside outweighs the down !!!

[monkey puzzle] 09/3/2009 11:38

Pick a number I say...anything is possible in this market

[smelgy] 09/3/2009 11:37

........bullinachinashop3 - what would you say if I suggested 38p?

[bullinachinashop3] 09/3/2009 11:33

58 pence, i cannot believe my eyes...

[empirestate] 09/3/2009 11:33

added a few more at 58.20

[chiva20] 09/3/2009 11:32

Exactly how short are you sprit1e?

[chiva20] 09/3/2009 11:31

Barc management need the good sense to work out a solution without involvement in the insurance scheme. The alternative, however subtle, would be pretty rough for the short term share price. Let's hope at least one bank doesn't royally shaft their shareholders otherwise they'll be villified indefinitely

[smelgy] 09/3/2009 11:31

............what worries me is that okay BARC have announced a £6bn profit - but they could possibly have £60bn in toxic debt. That doesn't sound to me like a bank that is very sound.

[mrminister] 09/3/2009 11:30

jake......nothing as i see it.......manipulation at work

[smelgy] 09/3/2009 11:30

.........Leylandie - thanks. A change is as good as a rest!

[olly1962] 09/3/2009 11:29

Smelgy:- I have to say I agree, I just compare BARC to other banks, LLOYDs are in the 35p range,RBS are 18p now they have disclosed everything, this share CANNOT go up UNTIL Varley "Categorically" tells the Market he needs NO HMG MONEY!!!!!!

Why does he not come out and say so, please LONGs do not give me all the hype re Arabs, 150 etc etc and 6b profit.

The facts are clear this share has "Tanked" to 55p this morning and that is on sentiment and fear, NOW if Varley has something up his sleeve fine it will rise BUT if he goes to HMG this could go to LLOYDS levels, WHY WOULD IT NOT?? and more worrying for anyone long it will not get back to 100p for years, how many people said 2 weeks ago and i quote "last time to get in at under 100p"

I want to re-invest in this bank, BUT how can any sane person do so with the risk involved, its not about Long or Short its about "CLARITY and HONESTY"

[jakespade1968] 09/3/2009 11:28

I know we all have a view on this share but you cant get away from the fact that only 20 trading days ago Barc announced pretty good results and said they were ok and doing well. Whats changed?

[barn owl] 09/3/2009 11:26

BARC will never see a 100p let alone 300p ever again. These are at the mercy of the arabs and HMG now.
Good luck all.

[mmardi] 09/3/2009 11:24

septemberclues

well go on then post the detail

[bluepill] 09/3/2009 11:14

going back to 100p

[septemberclues] 09/3/2009 11:13

just been told mayfair hedgefunds have gone massively long...this is genuine information...can email you details

[leylandie] 09/3/2009 11:10

Smelgy,

Usually find your posts angry and offensive, but recently you seem to have changed your style. Post are well reasoned and interesting. Keep it up and you will be the new 'Sage' of the thread! GL (hope you need to close the short soon!)

[binladin] 09/3/2009 11:10

GOLDMAN SACHS TO TAKE OVER BARCLAYS:

[saywellxxx] 09/3/2009 11:04

And another interesting point. Looking at the 3 month 1hr chart, the last time the RSI went through a longish period of being oversold was from 13 Jan to 23 Jan, 10 days. This period of the RSI being oversold has been ..... 10 days (if you count 27 Feb which admittedly stayed just short of the oversold line). Either way looks to me like a bounce but I wouldn't like to call the bottom.