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21% down in a month is ridiculous now. Todays drop is the market playing on peoples fears. I suspect there will be a rebound starting from around here as the effect weekends news coverage cools and those gripped with the fear from the continued drop from £2 plus are washed out and buyers who see this as a solid recovery play, as it was during covid times, step in.
@badjob: (a) Because it's Barclay's (b) Because it's Barclays and (c) Because it's Barclays - and the icing on the cake - (d) it's a transatlantic bank, so when the proverbial hits the fan in the US, Barclays comes off worse over here.
Not PM miners, JayK :)
Technically everything is a short. What a day to have off lol.
Yeah, but JPM is...JPM! And it is down more than 2% right now :) BARC is no First Republic, but it is also a million miles off being a JPM.
Not entirely sure why Barclays which is already more lowly valued than the other main UK banks is taking the biggest hit again. The mistrust in this bank is clearly at extraordinary levels - particularly given that Barclays avoided a bailout by the government in the last crash. I see JP Morgan down only a little over 1%.
Thanks. Watching with interest still, but keeping my powder dry.
Should have their 1st RNS about the buy-back at 7am tomorrow.
Thats me done today, was hoping for some early stability here at Barcs, not looking that way this arvo.
Another day, another dollar.
On the morro GLA
Have the buy backs started today?
70%.
Tempted to have a punt at First Republic, pretrading now down 79%.
Trucks all eyes were on the smaller banks.
Sheep wiped out the cash machines over there on Saturday, JP are all over them. They are sound as a £.
Jump on the DOW and make some $'s , the water is settling
Chaps - these could be the next ones to take a tumble.. In Pre-market, their share price is down 60+% this morning (US).
Interesting times.
£2m NSANDI per person. £4m joint acc.
@Trucks - yes there is that to consider, if we are lucky it might just add 0.007 and a flee's fart to the SP this week.
Fingers crossed some Newbie over at JPMS places the whole amount at 149 by mistake and doesn't filter the buy backs until August lol
@Warsaw & JayK - exactly
Just took a moment and went back though a few posts on here, its always nice to read others constructive opinions.
Our FTSE is under pressure, few people will be manicuring their trigger fingers.
Just had some action on the Dow and waiting for more momentum, hope our Barcs settle down soon.
GLA
Knowing Barclays they'll probably postpone it until the price is higher.
With the £500m buy back starting today, bet Barclays never thought they would be cancelling their shares at sub £1.50 levels.
Morning all, crikey I leave the manor for getaway and it all goes to 541t lol
Relying on a scatty wifi signal was not reassuring either.
Anyhow it would have been nice if the US authorities / regulators had paid more attention to the fact they were humping up the rate and common sense tells us all "Ying always has a Yang" lol
Not sure about how a few others on here feel, though I would rather have seen Barclays take on SVB and counter offer HSBC's £1 with a £1.01 rather than take the gamble on the KMC in our current climate (It will take at least the next 5 yrs for green shoots to appear on that purchase) where SVP will generate HSBC a lot of $'s in a shorter time frame.
After a stiff coffee to clear off some jet lag Ive just doubled up on Fridays touch @ 150 on the nose, really chuffed still and looking forward to the incoming yield bounce.
Was hoping to see a few more bulldozers start pushing this morning, though it seems trying to balance out atm.
Not a way to trade if you are pessimistic, like some. Though I always do my risk / reward b4 any trade (plus the fact I'm still fortunate enough to have a healthy profit amongst all this chaos) Ive sat on Barcs more times than my tail and confident this aint going south over this recent obstruction.
Few of us took advantage back last October when a few pessimists worried it was going lower than 130.
Mrs Wolf loves preaching in my ear over dinner "Shouder, couder, wouder" lol
FTSE is even testing the 200 ma atm
Scalpers paradise !
GLA
Well I never took the short at 190, but it turns out my fears about the bonds etc were correct. I’m not sure how deep it runs from here but I’m pretty confident most banks will be effected to some extent.
For as valid as the fears around the banking sector are, I think the share price trajectory is more a return from the mid-range no man's land we've been in for several months to well established support levels.
Barc should fall to close to 130p.
This is a game of patience now.
Don't get caught.
I was going to buy if it hit 150 but the way it's going I'm now thinking 140.
I am certainly not brave enough to buy until the US opens, even if 145p were to hit. Not saying it will, just my POV.
If the dominoes come out stateside this afternoon, there is no telling where the bottom is for Barclays. Hope no-one followed those who were suggesting a re-entry point was in the low £1.60's.
I was expecting a (dead cat) bounce this morning. Perhaps waiting to see how the US fares when their markets open? Any technical traders here? 145p looks like some degree of support to my unskilled eye, but I would welcome the opinions of anyone who actually knows chart stuff properly.