Mikhail Liebenstein Posted February 16, 2009 Author Share Posted February 16, 2009 (edited) No, this is just the start.Next comes the hatchet job on HBOS, politically very sensitive due to the concentration of operations in Labour Heartlands How convenient that the loses were 'much larger than expected' sparking rumours of government takeover, putting the government on the back foot. Now LBG are free to cull 2/3 of HBOS workforce 'in the interests of the taxpayer' Does HBOS stand for Hydrogen Bomb on Scotland? And we all thought Gordon had the nuclear option of nationalisation. Edited February 16, 2009 by mikelivingstone Quote Link to comment Share on other sites More sharing options...
interestrateripoff Posted February 16, 2009 Share Posted February 16, 2009 Now LBG are free to cull 2/3 of HBOS workforce 'in the interests of the taxpayer' So it will cost less to have them on the dole? How many HBoS employees will have loans? I wonder if they sold themselves production protection insurance? 40,000 or 50,000 sacked? Are these the sort of numbers we are looking at? Quote Link to comment Share on other sites More sharing options...
tomwatkins Posted February 16, 2009 Share Posted February 16, 2009 Best advice on day trading-close out your positions every day, good or bad. The amatuers are the ones who only close out the winners and live on hope that the falling knife will miss them altogether. In a blink they are usually wiped out. Like a woman-never go to bed with a loser. Quote Link to comment Share on other sites More sharing options...
Sonic the Hedge Fund Posted February 16, 2009 Share Posted February 16, 2009 So it will cost less to have them on the dole? Cheaper than a full scale nationalisation, and of course much cheaper for Lloyds How many HBoS employees will have loans? I wonder if they sold themselves production protection insurance? A pertinent question, but I guess there will be some sort of creative deal to prevent ex-employees from defaulting en-mass. 40,000 or 50,000 sacked? Are these the sort of numbers we are looking at? I am just speculating, but it does not take a genius to do the maths. LTSB have cut 17k from their own workforce over the last 3 years, do you think they will give a toss about employees of HBOS? Quote Link to comment Share on other sites More sharing options...
the-sign-jacker Posted February 16, 2009 Share Posted February 16, 2009 Of course. What does that have to do with anything?It's slow profits you want, and quick losses. It's the same strategy FTB used to buy RBS at 44p isn't it? well theres always an initial risk, but as soon as your in the green, put a stop loss on. if you buy the stock at 44p and then it drops - thats numberwang Quote Link to comment Share on other sites More sharing options...
R K Posted February 16, 2009 Share Posted February 16, 2009 well theres always an initial risk, but as soon as your in the green, put a stop loss on.if you buy the stock at 44p and then it drops - thats numberwang Wrong way around. Put your stop loss on the initial trade. If you are in the green move it to breakeven. If you're doing it the other way around you have a built in loss>profit ratio. i.e. 20% upside with 100% downside. See EssexFTB for details. Quote Link to comment Share on other sites More sharing options...
Wait & See Posted February 16, 2009 Share Posted February 16, 2009 FTSE 100 4127.26-1.49% LLOYDS BANKING GRP 56.60 -4.80 -7.82% Not looking too hot at the end. Everyones on the dump. Quote Link to comment Share on other sites More sharing options...
Mikhail Liebenstein Posted February 16, 2009 Author Share Posted February 16, 2009 FTSE 100 4127.26-1.49%LLOYDS BANKING GRP 56.60 -4.80 -7.82% Not looking too hot at the end. Everyones on the dump. I think a lot of people are nervous holding these out of trading hours. Its usually the time when AD or GB decide to announce something. Quote Link to comment Share on other sites More sharing options...
the-sign-jacker Posted February 16, 2009 Share Posted February 16, 2009 Wrong way around. Put your stop loss on the initial trade. If you are in the green move it to breakeven. If you're doing it the other way around you have a built in loss>profit ratio. i.e. 20% upside with 100% downside. See EssexFTB for details. i donts knows hows i does'us its, but eyes always makes a profits..... lloyds wont be supported by taxpayer is latest government news. this should be interesting to see what happens to an unsupported bank...... Quote Link to comment Share on other sites More sharing options...
R K Posted February 16, 2009 Share Posted February 16, 2009 i donts knows hows i does'us its, but eyes always makes a profits.....lloyds wont be supported by taxpayer is latest government news. this should be interesting to see what happens to an unsupported bank...... Silent run time................. Quote Link to comment Share on other sites More sharing options...
Ash4781 Posted February 16, 2009 Share Posted February 16, 2009 It's similar to RBS in that the govt doesn't want to fully nationalise it, they want to keep it private, the share price fluctuating doesn't really mean much anymore - unless it leads to wider panic and a bank run. I'd expect a further bail out which will dilute shareholders even more.I also had a little punt on friday, but it was a little punt, £100 (down about £3 plus dealing charges so far) Agree on the re-cap's. Everytime there's a bottom called or I get to a point where I might buy bank shares some other nasty rears it's head. Wonder what will happen with the auditors. Will they be ok signing off or will there be another bailout coming ? Quote Link to comment Share on other sites More sharing options...
interestrateripoff Posted February 16, 2009 Share Posted February 16, 2009 i donts knows hows i does'us its, but eyes always makes a profits.....lloyds wont be supported by taxpayer is latest government news. this should be interesting to see what happens to an unsupported bank...... This is like the chairman of a football club issuing a statement that the manager has his full support whilst the club is rooted firmly to bottom of the table, strangely after clubs next losing game all support is gone and the manager is sacked. Perhaps they should merge the group with Barclays and let there accountants sort it out? Quote Link to comment Share on other sites More sharing options...
Mikhail Liebenstein Posted February 17, 2009 Author Share Posted February 17, 2009 Another not so good day, back to 51.5p. Hmmm...will this bounce or go lower? LLOYDS BANKING GRP( LSE: LLOY.L / ISIN GB0008706128 ) Last Trade: 51.50 p Trade Time: 4:35pm Change: 4.90 (8.69%) Prev Close: 56.40 Open: 56.00 Bid: 51.40 Ask: 51.60 1y Target Est: 149.51 p Day's Range: 50.50 - 58.90 52wk Range: 33.00 - 488.50 Volume: 92,371,856 Avg Vol (3m): 57,237,300 Market Cap: 8.42B P/E (ttm): 0.88 x EPS (ttm): 58.30 p Div & Yield: N/A (N/A Quote Link to comment Share on other sites More sharing options...
Gone baby gone Posted February 17, 2009 Share Posted February 17, 2009 Another not so good day, back to 51.5p.Hmmm...will this bounce or go lower? Didn't Brucey do a show like that? "Higher".... "LOWER".... "HIGHER".... Quote Link to comment Share on other sites More sharing options...
contractor Posted February 17, 2009 Share Posted February 17, 2009 This is like the chairman of a football club issuing a statement that the manager has his full support whilst the club is rooted firmly to bottom of the table, strangely after clubs next losing game all support is gone and the manager is sacked.Perhaps they should merge the group with Barclays and let there accountants sort it out? 10 initiate gradual erosion 20 have a go at climbing again 30 Kick in the nutz, sharp decline, truth is out 40 get back up a little, not too far though 50 goto 10 Quote Link to comment Share on other sites More sharing options...
Mikhail Liebenstein Posted February 17, 2009 Author Share Posted February 17, 2009 Didn't Brucey do a show like that?"Higher".... "LOWER".... "HIGHER".... What do I get for a pair? Quote Link to comment Share on other sites More sharing options...
Gone baby gone Posted February 17, 2009 Share Posted February 17, 2009 What do I get for a pair? A bonus paid in RBS shares Quote Link to comment Share on other sites More sharing options...
contractor Posted February 17, 2009 Share Posted February 17, 2009 A bonus paid in RBS shares used bog roll? Quote Link to comment Share on other sites More sharing options...
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