What's going on with Barclays share price?

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I've been keeping an eye on these banking shares. 60p earlier on in the month, now shot up to 173P, up 25% today alone.

Anyone know what's going on here, is this due to the recently announced US bailout package?

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Thanks for the info, question now is whether to hang on with my modest stock or lock in a gain. I have a feeling they will start dipping on Monday morning.

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Racing Rod said:

boxster9 said:

Thanks for the info, question now is whether to hang on with my modest stock or lock in a gain. I have a feeling they will start dipping on Monday morning.

Put a "sell" stop order in place at say 1.70 ish, if the shares start to drop on Monday then you automatically sell at your set figure and retain any profit. If the shares continue to rise, then you go with it. You can amend your stop order as you go, i.e upgrading as the shares rise.

I did this today about 6 times, made a very respectable return, maybe not 100% of what I could have made, but 75/80% is not bad and fairly safe.

Thank you Barclays, you have just paid for a 2 week family holiday which we would not have otherwise been able to afford

Virgin Upper class please, and the 5 star beach resort with butler service will do nicely, well, no harm in dreaming.

Racing Rod, that seems like a good idea... I use barclays stockbrokers, do you know whether ammending a stop loss would incur a fee for each ammendment? secondly do they charge if your order is not fulfilled (sorry I am new to this game )

[boxster9]

I think I'll put a stop loss order on mine at 1.72 and keep an eye on the price when the market opens on Monday morning. Your strategy of staggerring the sales makes sense, I think I 'll adopt a similar approach, thanks for the advice

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Racing Rod said:

boxster9 said:

Did you see that the volume on Barclays shares today was just under 200 million, and someone bought 18m shares at 1.73 late this afternoon, now that's brave !!! or !!

Somebody knows something we don't !

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Flipatron said:

I bought 1515 shares @ 66p and would like to put a stop order on at £1.70 for Monday mornings trading. I use the Barclays shares service and can find the option to sell when the price climbs to a certain level but no option to sell if it drops to a certain level?

Also, what happens if a place a stop order but the share price opens below my £1.70 stop?

Edited by Flipatron on Saturday 28th March 20:05

can a share price open below the £1.70 stop, if the closing price on the previous days trading was £1.72...Can this happen?

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Racing Rod said:

Flipatron said:

I bought 1515 shares @ 66p and would like to put a stop order on at £1.70 for Monday mornings trading. I use the Barclays shares service and can find the option to sell when the price climbs to a certain level but no option to sell if it drops to a certain level?

Also, what happens if a place a stop order but the share price opens below my £1.70 stop?

Edited by Flipatron on Saturday 28th March 20:05

Good point, must admit that I'm not sure what happens if the price is much lower, I cover the position by filling in the "limit " section so that they don't sell below a certain price. I've placed 5000 on stop "sell" @ 1.72 with a limit figure @ 1.70, i.e if they fall below 1.72 but not beyond 1.70, then my deal goes through between those two figures, if it drops under 1.70, the sale dosen't happen, that way I live to fight another day with the hope that they will again go back up. I suppose that if they open 10p lower then nothing happens sale wise.

I think I'm right in saying that if you go to the "deal" section, you will find the "stop" section, click on that,and the "sell" option and the screen will take you to the stop/limit price page, you then fill in the blanks, always push the "show me" button to check that the figures you have entered reflect the price you want, made a mistake once and put the decimal point in the wrong place, but after pressing the "show me" button, I realised I was placing an order at 15p as opposed to 1.50p. Mind you, it was late at night a a few years ago, and I had drunk my way throught several pints, a bottle of wine and half a bottle of vintage Port, so not really suprising really.

How does this work? in the above example with a sell at 1.72 and a limit of 1.70, are the shares sold once the price dips to 1.70..or does the system 'hang on' to see if the price falls below 1.70 before doing the trade.