Barclays Share Discussion Threads

[madoff with cash] 20/4/2009 23:00

good, gcom2. you would love it.

[gcom2] 20/4/2009 22:57

madoff, new zealand mate i have family there

[madoff with cash] 20/4/2009 22:56

frank, place is what i meant. but i won't buy property here if i'm not living. i'll be non-dom again soon. govts are chasing people with cash.

[lionheart79] 20/4/2009 22:55

you fit right in elssworth.

[madoff with cash] 20/4/2009 22:55

i used to like uk a lot though i'm not from here. but they are chasing people with cash to pay for banks bonuses. local councils are determined to recoup their losses from icelandic banks from residents. and a lot of people have no idea where they are heading. they are busy watching talents show.

[frankiestheone] 20/4/2009 22:54

madoff, ref your post 22948. "that's another a palce to look at". so is that another place or a palace you have your eye on

[madoff with cash] 20/4/2009 22:53

gcom2, come to australia or newzeland, singapore. i just love to live a month in uk, a month in euorpe, a month in sydney, a month in shanghai, checking my long and short positions while travelling.

[elssworth] 20/4/2009 22:49

What an educated bb this is...and just wanted to show my appreciation to all the genuine nobs.

Thanks nobs.

[madoff with cash] 20/4/2009 22:37

well i will buy cotton and sugar if they dropped more.

[madoff with cash] 20/4/2009 22:36

shorter killer, browse through what i posted. i've been bearish on banks since northern rock and not changed one bit. i didn't buy barc when it was at 50p nor rbs at 12p. but i didn't short them at that price as it's too unwise. i didn't buy citi when it dipped below a dollar. i've been bearish throughout. as bloomberg guy said there are commercial real estate, consumer credit debts to write down. their credit conditions are fast detiriorating. just look at jobless figures. that tells it all.

[shorter killer] 20/4/2009 22:32

BARC made a nice recovery from 50p to 220p and then pulled a little back to 209p today. This attracts all shorters out such as madoff. I really don't understand what they are excited for? I purchased BARC at 50p and even not excited a bit with a 300% profit at mo. These losers... sigh! lol

[madoff with cash] 20/4/2009 22:31

gcom2, but i may not live in uk anymore. they are chasing people with cash to tax. government, councils you name it.

[madoff with cash] 20/4/2009 22:31

i won't be buying anything tomorrow, this week, next week, no matter how low. i'll be enjoying chinese meals in beijing and all over china.

[madoff with cash] 20/4/2009 22:30

gcom2, thanks pal. you made a very good point. that's another palce to look at.

[madoff with cash] 20/4/2009 22:29

i absolutely agree with the guy on bloomberg. stress tests involve too much assumptions by the authorities who have vested interest in banks, for they bailed them out. remember obama's tarp is all but gone. darling has been wrogn and wrong again in his forecasts of uk economy. their unemployment forecast is too optismitic. we are talking about at least 15 to 20% unemployment in next trhee years simply because demands for services (which uk has mainly relies on) are gone now. and loan impairment will definitely be up.

[gcom2] 20/4/2009 22:26

madoff. buy houses! buy now when it looks bad.
property auctions doing well most properties selling way over reserve.
i'm buying a couple myself.

[madoff with cash] 20/4/2009 22:23

bae and tesco. national grid excited me after talks of co2 capture and storage. that's gonna be fantastic for them. but i haven't bought them yet.

[madoff with cash] 20/4/2009 22:22

thnaks, cccbbb. it's a good watch.

[gcom2] 20/4/2009 22:20

what about rr. ?

[madoff with cash] 20/4/2009 22:17

let me tell you which stocks i would buy if i ever buy in the next few months. i've been watching intel, tesco, chinese battery and car maker bdy, perhaps toyota. the world is heading for more trouble and bae can't be a wrogn bet at all. i have yet to find a single uk stocks(excpet tesco) to want to own. even tesco, i'm waiting for more trouble.

[madoff with cash] 20/4/2009 22:09

chillwill, i agree. sometimes i just got all over and the only thing i could scream is sell.
i think copper might pull back significantly. the buying frenzy is not becuse of chinese economic recovery. even if china recovers, its economy is smaller than europe and us combined, which is where the trouble is. so commodities will remain under pressure for some time i think.
copper bullish run is due to inventory replenishing in china. rumours are that chinese are building more inventory to stockpile base metals to meet requirements for decades. that makes the traders so exicted and piled in their cash to copper. i have no idea whether i should be equally exicted about copper. so i don't touch them. but if rumours turn out to be true, we will see a probably sharpest rally in base metals, simply because supplies can't match demands. that could occur even when the world is in recession. it all depends on how china would behave. they may just dump dollars in exchange for commodities even though they don't need them for now.
so it's good to have some industrial metals in everyone's portfolio.
i own silver. but gold, again rumors are that imf is trying to sell gold. they talked about 'boosting their resources' to help 'developing nations'. that's newspeak for selling gold to replenish their capital base. and when imf does sell, gold prices might go down a lot. and gold has outperformed almost all commodties i know of except perhaps cocao (again angola story). so i prefer silver to gold at the moment.
i am also shorting government bonds soon, via a listed security in nyse. it's by longing tbt. check it out.

[cccbbb] 20/4/2009 21:44

Interesting report from Bloomberg;