Barclays Share Discussion Threads

[craig666] 31/3/2009 19:10

>Monty

We both know this will not break £1.20

You have had a great run from January well done. But we both will buy back below £1.30 if we are lucky. I feel by turning on a sixpence and quoting lows like you have been today isn't being fair to anyone who is new. I would rather be respectful in a down trend as I was in a up trend with constructive T. A, this way you get respect.

The only reason I have taken profits, was due to the fact the stock was overbought. This does not mean I am not bullish, just that I can get a better position for the next move forward through £2.00

[thetatrader] 31/3/2009 18:56

ChillWill, if you like.
But a better term is "Sell To Open".
That's what a broker would understand.

[chillwill] 31/3/2009 18:54

When you say sell the puts... do you mean like short-sell them?

[thetatrader] 31/3/2009 18:49

ChillWill

Also if you want to own Stock at a price lower than today, you could Sell the Puts.

1) If the stock price falls below your strike, you are "Put" the shares.
2) If the stock price does NOT fall below your strike, you keep the premium.

A good way of "averaging down".

They're interesting !

[isis] 31/3/2009 18:48

The reason they have sold the iShares business and not taken APS is that almost anything is preferable than having NL interfere - just look at what they have done to the Country.
Don't forget they Knighted Sir Fred for Services to Banking and meant it!

Still the Bears pants must be wearing a bit thin:-


DJIA 7,718.75 196.73
Nasdaq 1,552.20 50.40
S&P 500 809.99 22.46
Russell 2000 432.01 16.04
CBOE Volatility 42.35 3.19
30 Yr Bond 3.56 0.04
10 Yr Bond 2.69 0.03
5 Yr Bond 1.69 0.04

BARCLAYS PLC ADR - NYSE: BCS
Real-time ECN Quote*
Last Change (%) Trade Time Bid Ask
8.78 0.52 (6.30) 14:44 8.78 (1) 8.80 (5)
Exchange Quote
Last Change (%) Day Volume
8.73 0.47 (5.69) 7,311,921

[derekhess] 31/3/2009 18:45

Wilba, you have oversimplified and overlooked a lot of issues and unanswered questions. The fact is there is still a great deal of uncertainty surrounding Barclays. IE, why sell one of your most profitable businesses if your cash position is indeed strong enough to cope with the level of write downs you anticipate? Also remember the creative accounting methods used by HBOS that made their £10 billion loss look like £1 billion? Guess which bank uses the same accounting methods, i'll give you a hint, it begins with "B" (see I can be sarcastic too!). I also think the motive for turning down the insurance scheme is more to do with the middle eastern investors and stipulations in the capital agreements (possibly those regarding share price) than has to do with whether or not it was worth the price Darling was after.

[thetatrader] 31/3/2009 18:44

ChillWill

Yes a Put gives the buyer the right to sell at the Strike price.
It's just like an insurance policy.
And like an insurabce policy, losses value over time, down to zero.

[chillwill] 31/3/2009 18:42

The Ta... just had a lecture about puts & calls (and hedging) a couple of weeks back. Puts are rights to sell right? Meaning people are expecting the price to fall?

Is that right?

[isis] 31/3/2009 18:36

People seem to be thinking that the FSA and the Government are going to do this and that.
I can tell you something, in 12 months there will be no NEW LABOUR and in 18 months - 2 years there will be no FSA.

The Tories are 8-1 on and that's what you need to know, different Government different Rules.

[thetatrader] 31/3/2009 18:32

Put buying increasing...

[isis] 31/3/2009 18:27

Banks up US:-

BANK OF AMERICA CORP - NYSE: BAC
Real-time ECN Quote*
Last Change (%) Trade Time Bid Ask
6.70 0.67 (11.11) 14:25 6.70 (103) 6.71 (31)
Exchange Quote
Last Change (%) Day Volume
6.65 0.62 (10.28) 248,734,874

[jwe] 31/3/2009 18:23

Yes you can argue that there is a reason that RBS and LLOY have higher tier 1 ratios,what you can`t do is post total rubbish on a BB and expect to get away with it.As to whether BARC assets are as toxic,the jury is still out.My personal opinion is that they are not but perhaps not quite so squeaky clean as BARC would have you believe.
DOW doing well so tomorrow could be an up day.I`ll just have to wait a little longer

[fat budgie72] 31/3/2009 18:22

phhhhhhhhhhheeeeeeeewwwwwwwwwwwwwwwwwwweeeeeyyyyy

I can smell Blaps Bsh1t from here

[isis] 31/3/2009 18:21

blap - shows you the general direction we are going, which is UP!!!!


DJIA 7,686.65 164.63
Nasdaq 1,546.51 44.71
S&P 500 806.13 18.60
Russell 2000 430.24 14.27
CBOE Volatility 42.62 2.92
30 Yr Bond 3.57 0.03
10 Yr Bond 2.71 0.00
5 Yr Bond 1.71 0.02

BARCLAYS PLC ADR - NYSE: BCS
Real-time ECN Quote*
Last Change (%) Trade Time Bid Ask
8.76 0.5 (6.05) 14:20 8.76 (3) 8.77 (1)

[fat budgie72] 31/3/2009 18:21

Batty

Batty

Batty

Boy

Blap.

[smurfy2001] 31/3/2009 18:12

>ProphetBLAPisRich - 31 Mar'09 - 18:53 - 18760 of 18769
>
>Bob sounds very worried. What happened to Goldman Sachs and all the other >bidders potentially offering £6BN?
>
>Sounds like they are begging CVC to buy it.
>
>Very worrying.

LOL, you're worried?

You want the bank to go down the pan...

[thetatrader] 31/3/2009 18:05

DJ30 could get to +7800 tonight.
That would close a Gap and close this Quarters window dressing.
We'll see.

It's 7675 at the mo.