HBOS a good investment?

[portfolio]

well thay have closed of part of the company The Mortgage Buisness (tmb) today and made 425 people redundant.

source please?

[AndrewT]

HBOS tanks another 20% today.

EDIT - make that 26%, another 6% gone in ten minutes.

[rossfourfive]

down 30 now.

Around this time last year it almost touched 1000, it's a huge drop they've taken. Long term shorting FTW!

[WYSINWYG]

down 30 now.

Around this time last year it almost touched 1000, it's a huge drop they've taken. Long term shorting FTW!

Ouch

http://uk.finance.yahoo.com/q/bc?s=HBOS.L&t=6m

Check the volumes

Sentiment is a bitch.

[TightEnd]

but, they are the riskiest of the UK banks

their expansion strategy in 2002-07 has left them with a lot of aggressive loans

Not saying there will be a problem, but if there is its at HBOS and Barclays first of the UK biggies

[the mole]

I don't know a lot about this, but would this not be the time to buy loads of these shares?

[TightEnd]

http://news.bbc.co.uk/1/hi/business/7620483.stm

[the mole]

So its a lump on?

[TightEnd]

So its a lump on?

too late, the shares have moved

if the deal happens, huge relief, if not, huge drama

take your pick

[the mole]

Where do i get the best up to date prices?

[TightEnd]

Where do i get the best up to date prices?

reuters, bbc business etc..usually slight delays

[Jon MW]

So its a lump on?

too late, the shares have moved

if the deal happens, huge relief, if not, huge drama

take your pick

So we could gamble that the deal will fall through and short HBOS at it's current level?

[Graham C]

That would be a risky gamble

[Jon MW]

Fun though

[WellChief]

This might be a daft question, but I have a lot of £ in HBOS accounts and what would happen to it if HBOS went down?