Banco Santander Share Price (BNC)

Same old, same old.
Up 2% one day the next day down 2%.

These shares are an absolute scam - they’ve put away billions and then plead they’ve made losses ? I bought into these 7 years ago at 5.00 - (40,000) the worst mistake I’ve ever made in investing. Sell the lot and walk away would be my advice.

BIGfatty

shorted..no...too big a company for that I think

Many trades are linked to algorithms that move with certain data .... largely automated I would imagine...

The banks performance is dependent on certain data stats ...so the algorithms link to that data and buy and sell shares accordingly

I think a lot of those data stats are related to the US ..as the economy there ripples out to South America and across to Europe

Banco shares have been like a mountain range valley one day next day a peak and so on.
What is going on; are they being shorted?

Thanks Pokerchips.
This part seems to be my answer
What if I sell my shares at a loss?

If you sell you shares at a loss no gain is realized and there is therefore no need to complete a form. However, unless you bought your Spanish shares in the market, you should bear in mind that the relevant acquisition price for determining whether a gain has been made will be the value attributed to the share at the date of takeover. The average price of your shares may have been reduced if the 2009 rights issue was taken up. For ex-Abbey National shares the acquisition price is €7.58 (note - euros) with the rights or €8.44 without. So, at current exchange rates, if these shares are sold now for more than £6.60 (or £7.40 without rights), a 210 form will be required.
The notional acquisition price for ex-Alliance and Leicester shares was €9.81 (with rights) or €11.23 (without) so, at current exchange rates, if these shares are sold now for more than £8.60 or £9.80 or so a 210 form will be required.

Although the web site you directed me to only charge £29 for filling the form out and submitting the form to the relevant tax authorities. Not to painful.
Thanks again and all the best..