Barclays Share Discussion Threads

[capricious] 22/4/2009 08:20

Old 214 resistance now forming support. Congestion, awaiting beakout signal, R2 target 222-225 anything above into overbought territory and likely not sustainable for now. Otherwise back down 202-205. Budget is the wild card as I can't see this helping in the slightest, but positive agm tomorrow.

[gcom2] 22/4/2009 08:19

Wednesday April 22, 09:01 AM
House sales soar 40%

LONDON (ShareCast) - There was more good news for the beleaguered housing market today as government figures showed the number of homes sold jumped 40% last month.

HM Revenue & Customs (HMRC) said 60,000 properties worth at least £40,000 were sold in March, up from 43,000 the month before.

Today's news adds to recent upbeat data suggesting the housing slump is bottoming out, with even the numbers adjusted for seasonal trends revealing a 13% rise to 54,000.

Last week, property website Rightmove (LSE: GB00B0MFTM73.L - news) said asking prices rose for a third consecutive month in April, up 1.8%, with the annual decline of 7.3% the smallest since January.

[elssworth] 22/4/2009 08:18

Come on Nobs....the Prof needs 1.99 or lower for some shagging money and tickets, to boost the Amsterdam economy over the wekend.

Thanks, i really appreciate any help...especially from the genuine nobs.

Hope it helps
Thanks

[gcom2] 22/4/2009 08:13

Keep missing those buses Ellsworth!

[gcom2] 22/4/2009 08:13

Elssworth, the trader with buy targets 68p, 62p who doesn't realise it was this price last month lol

[maxwellman] 22/4/2009 08:13

Sorry Penn - just disappointed at idiots who appear to have been trading for years yet don't know the basics about the company or read threads --- maybe I should just go back to reading ---most people on here are filtered anyway LOL

[pennstreet] 22/4/2009 08:11

Maxwellman

Go easy - just an innocent question !

[smurfy2001] 22/4/2009 08:11

csjcsl2, yes undervalued. Also BARC trading is easy money hence why l have colleagues at work are opening trading accounts and investing into BARC shares.

It's easy money and in the long term my shares will be worth more money then your suggestion of putting it into a BANK lolololo...

[maxwellman] 22/4/2009 08:10

still trying to recover your SCOOT losses?

[thunders] 22/4/2009 08:06

Do we know when Barclay will give some update for q1? i thought that some update is due this week or next? any idea please

[gcom2] 22/4/2009 08:05

ok, how much/point and your entry price, thanks

[elssworth] 22/4/2009 08:04

I remain short again today 2.15 & 2.1450....this is because i use gCon as a nobbish guide in the NOB column on my Level 4, for true guidance to a no brainer day trade.

Thanks
I really hope this is helping

[crystalblue] 22/4/2009 08:04

Short of BARC now ahead of the budget, will follow US down later.

[gcom2] 22/4/2009 08:03

ok crystalblue, keep us updated remember (times, amounts) thanks

[gordonbrown] 22/4/2009 08:03

so 24hr ago the doom and gloomers where reDICting anything between 50p and 175p, I guess you all got it wrong AGAIN, when are you going to stop making fools of yourself.

nice to see Japan appears to be recovering, US will follow soon and this will send equities flying.

[crystalblue] 22/4/2009 08:00

Considering a smallish short, US futs look sick.

[seeg19] 22/4/2009 07:59

Apologies if this has already been posted, but it shows that IMF need a new calculator:-

IMF withdraws claim of £200bn UK bank bailout bill
Gary Duncan, Economics Editor

The International Monetary Fund (IMF) was facing a potentially huge embarrassment last night after it was forced to withdraw a claim that Britain faces a bill for almost £200 billion for the bank bailout.

IMFretracted the figure correcting it to the original estimate of £130 billion.

Reports quoted the Treasury as saying the figure was "wrong" and had been issued in error. The dispute comes as Alistair Darling is set to issue his own estimate of the cost of the bailout when he delivers the Budget today.

There was no immediate explanation for the error in the IMF's Global Financial Stability Report. Overall, the IMF said the huge losses inflicted on banks across the West by the credit crisis and lax lending would soar to $4 trillion.

Confirming loss estimates revealed by The Times two weeks ago, the IMF said that the toll of banks from the worst global recession since the Second World War was leading writeoffs from loans to spiral.

The IMF urges more aggressive action by governments to clean up banks and financial groups swiftly and to purge them of toxic assets. It warns that failure to pursue this urgently risks aggravating the banks' plight and prolonging the world economic slump.

The fund has sharply raised its estimate of losses on lending, first made in the United States, for a second time, to $2.7 trillion. That compares with an initial forecast of just under $1 trillion and a $2.2 trillion estimate six months ago. For the first time, the IMF has also issued estimates of likely losses inflicted by lending originated in Europe and Japan. It puts likely write-offs due to European lending at $1.19 trillion and those for Japan at $149 billion.

New losses to be written off by British banks this year and next are put at $200 billion, compared with $750 billion for eurozone banks and $550 billion for the US. The fresh UK losses come on top of $110 billion already written off up to the end of last year.

The IMF's analysis had been seen as a serious blow to Mr Darling before today's Budget, with the eventual bill for the British taxpayer for bank bailouts rising to almost £200 billion, up from a previous estimate of about £130 billion. This would mean an increase in the cost of the bailout to 13.4 per cent of GDP. Only Ireland would pay more as a percentage of national income to rescue its banks, the IMF said. The Chancellor is expected to give a much lower estimate of a final bill of £60 billion.

[gcom2] 22/4/2009 07:58

no elssworth, you don't help much
because you're thick
hope that genuinely helps

[maximillian1] 22/4/2009 07:58

Posting a chart will not change the figures,look on your own chart,these are only ideas..no more,my chart says this is possible..we will see very soon

[thunders] 22/4/2009 07:57

do we know when Barclay will give some update for q1? i thought that some update is due this week or next? any idea please.

[csjcsl2] 22/4/2009 07:57

smurfy2001
undervaled.. are you for real?
your in the wrong game mate, take you money and put it in a nice safe bank, mybe barclays bank.

[elssworth] 22/4/2009 07:56

Good call crystal.....short the left knacker off it down towards 1.96/2.03, for a good day trade.

Hope it helps