RBS SHARES! SURELY A GREAT BUY?!

[d3hno]

Does anyone else have Shares in the Royal bank of Scotland? I have just bought a shed load (not learning after buying loads in Northern rock due to speculation regarding a possible Branson takeover, shortly after it got nationalized)
I bought them for just 41.9p per share, I am confident I will reap some serious returns from these shares........

Any thoughts?

[The Moose]

sell em now and you will make a 3% return (43.30)

!!!

ETA: imagine buying them at 452.50 and them now being 43

Edited by The Moose on Tuesday 23 December 21:52

[The Moose]

oh, and how many (it may not be worth buying for just a handful)

[d3hno]

I bought 10k worth, approximately 23000 shares (after brokers and purchase fee's)

[d3hno]

The Moose said:

!!!

ETA: imagine buying them at 452.50 and them now being 43

Edited by The Moose on Tuesday 23 December 21:52

OH YESSSSSSSSSSSS, I totally agree, that would be extremely rough! I am hoping they wont drop any further!

[JustinP1]

d3hno said:

The Moose said:

!!!

ETA: imagine buying them at 452.50 and them now being 43

Edited by The Moose on Tuesday 23 December 21:52

OH YESSSSSSSSSSSS, I totally agree, that would be extremely rough! I am hoping they wont drop any further!

Well now imagine buying them at 43p and them being 4.3p...

It's high risk, high gain. All I can say is putting you money in banking stocks is going against the grain. You'll either have a very good chance of making a moderate loss, or a slim change of making a decent profit, and an outside chance of striking it rich.

[d3hno]

JustinP1 said:

d3hno said:

The Moose said:

!!!

ETA: imagine buying them at 452.50 and them now being 43

Edited by The Moose on Tuesday 23 December 21:52

OH YESSSSSSSSSSSS, I totally agree, that would be extremely rough! I am hoping they wont drop any further!

Well now imagine buying them at 43p and them being 4.3p...

It's high risk, high gain. All I can say is putting you money in banking stocks is going against the grain. You'll either have a very good chance of making a moderate loss, or a slim change of making a decent profit, and an outside chance of striking it rich.

NOW THAT WOULD be a nightmare, i'll keep you updated, I just want to make a quick buck and move out........ They are up and down like the g-string of a 5 dollar wh**e recently

[ShadownINja]

Let us know how it goes, just for amusement value.

[Olf]

Perculiar pick at the moment. Barclays would be a better long term bet I think.

[Gulzar]

Good luck with RBS.

Also take a look at DSG International (PC World, Currys, Dixons etc...) 17p today - was 120p 12months back. I got in big at 14.25 and out at 19.50 few days back.

[mas99]

logic beloved by a bookmaker.

[d3hno]

haworthlloyd1 said:

d3hno said:

Does anyone else have Shares in the Royal bank of Scotland? I have just bought a shed load (not learning after buying loads in Northern rock due to speculation regarding a possible Branson takeover, shortly after it got nationalized)
I bought them for just 41.9p per share, I am confident I will reap some serious returns from these shares........

Any thoughts?

high risk but good for you - its having the balls like that which i presume is one of the reasons that got you a ferrari.

you could easily treble your money - having said that you could easily halve your money.

£10,000 could easily go to £30,000 which is fairly obvious although some may say unlikely
£10,000 could easily go to £5,000 or even £0 again its unlikely

therefore you stand to win more than you could lose!

My thoughts exactly, someone bought 2.5 million shares in RBS at 12.25 today, can't be all bad!

[d3hno]

Gulzar said:

Good luck with RBS.

Also take a look at DSG International (PC World, Currys, Dixons etc...) 17p today - was 120p 12months back. I got in big at 14.25 and out at 19.50 few days back.

Ok thanks for that, ill have a scan, but aren't they hanging on for dear life at the moment?

[ShadownINja]

Please mind the gap.

Watch the price on the 27th.

[d3hno]

ShadownINja said:

Please mind the gap.

Watch the price on the 27th.

What do you predict?

[ShadownINja]

Predict? It'll go up or down.

TBH I would be looking for opportunities to short (can we short yet?). You're trading counter-trend which means you're either gambling or a pro-trader. Who knows what news will hit over the next couple of days... and then the weekend. It does seem to actually be ranging though, so depending on commission and spread you could trade the range. Buy at 40, sell at 70. Repeat until break out.

Anyway, it's not a good time to be trading. Am flat until the 5th.

Edited by ShadownINja on Thursday 25th December 01:58

[NoelWatson]

d3hno said:

Does anyone else have Shares in the Royal bank of Scotland? I have just bought a shed load (not learning after buying loads in Northern rock due to speculation regarding a possible Branson takeover, shortly after it got nationalized)
I bought them for just 41.9p per share, I am confident I will reap some serious returns from these shares........

Any thoughts?

What do you know that the market doesn't?

[ShadownINja]

NoelWatson said:

d3hno said:

Does anyone else have Shares in the Royal bank of Scotland? I have just bought a shed load (not learning after buying loads in Northern rock due to speculation regarding a possible Branson takeover, shortly after it got nationalized)
I bought them for just 41.9p per share, I am confident I will reap some serious returns from these shares........

Any thoughts?

What do you know that the market doesn't?

Ah, the old market efficiency thing. But is it? Isn't it? Is it? Isn't it?

[simonrockman]

My wife inherited a large number of RBS shares, she sold some on the way down at around £2. but we've still taken a huge loss.

The only thing I've done OK on was playing with IGIndex I sold forward on Motorola. As it was my first trade I went for the smallest abount they would allow. I'm still £60 up as they have more than halved. It's not real money because I haven't closed the position. I won't because I don't see any reason for them to recover.

Simon

[ShadownINja]

simonrockman said:

It's not real money because I haven't closed the position.

That's usually said when someone is in loss... "It's not a loss until you close the position." Scarily some traders do actually trade like that.