Are we today witnessing the most blatant insider trading of bank shares ever?

lvader

2sides2everystory wrote: »

Simply put, there was inside information available about the eurozone bailout many hours before markets opened. The banks were in the negotiations for Chrissakes !

.

Barclays opened up a few %, quite normal given that happened over night. It finished up 17.5%. It went up thoughout the day. You could have waited for the FTSE to open, had a leisurely breakfast, read the newspaper and still made 10% trading Barclays. :rotfl:

2sides2everystory

Had you known in advance, of course

lvader

Known what in advance? You had half the morning to read the news and to make up your mind!

2sides2everystory

Oh so you are one of the sheeple who believe it was the news wot did it ? :rotfl:

What actually happened ? Another sham punted by insiders. How long do you think China will put up with such barefacedness when they start calling shots after they create the real news with real money ?

lvader

2sides2everystory wrote: »

Oh so you are one of the sheeple who believe it was the news wot did it ? :rotfl:

What actually happened ? Another sham punted by insiders. How long do you think China will put up with such barefacedness when they start calling shots after they create the real news with real money ?

Are you talking about gold? China holds far more in foreign debt than it does gold. Italy has more than double the amount of gold that China has. :rotfl:

2sides2everystory

Touche mon ami

WaltD

lvader wrote: »

Known what in advance? You had half the morning to read the news and to make up your mind!

There was no way of knowing when the profit-taking would start and all the gains would be wiped away. That is what has happened on all the previous occasions recently when bank share prices have soared at market opening. This time it was different ... Barclays hit a 20% increase during the afternoon, and finished only 2.5% down on its intraday high.

2sides2everystory

WaltD wrote: »

This time it was different ... Barclays hit a 20% increase during the afternoon, and finished only 2.5% down on its intraday high.

Quite. That's exactly when I got a phone call from a trader wearing espousing virtues of a bit of the market borne of the same colours as Cameron, but I don't trade :cool: ... and we don't imagine that it stops there now do we ?

There'll be a master plan for the few in the know upon the morrow no doubt.

Pass the Vaseline - I'm planning on a comfortable weekend if nothing else.

lvader

WaltD wrote: »

There was no way of knowing when the profit-taking would start and all the gains would be wiped away. That is what has happened on all the previous occasions recently when bank share prices have soared at market opening.

I watch the major banks regulary throughout the day, every day. There have been plenty of occations in which BARC and the likes started the day up and finished up. The only difference today was the scale and volume of buying.

lvader

2sides2everystory wrote: »

Quite. That's exactly when I got a phone call from a trader wearing the same tie colour as Cameron, but I don't trade :cool: ... and we don't imagine that it stops there now do we ?

There'll be a master plan for the few in the know upon the morrow no doubt.

Who the hell get's a phone call from a trader? Get yourself an Iphone or Blackberry and watch the shares and trade on-line!