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The world's becoming more and more mad, people with so much money don't know what to do with it. Oprah Winfrey just joined the wolf pack by leaving $30m to her dogs in her will, how absurd and completely ignorant is that towards people that have nothing to eat or nowhere to live to do such a...

Yes, thanks Makloda. Taking day off, too stale. Good trading all!

It's pretty much same everywhere I would have thought. AS, are you saying that low interest rates have not influenced property buyers in Switzerland and Germany?

Short 3 -4 Short 3

-2.5 Short 3 -3 Long 3 all sold b/e At a glance longer term charts look bearish to me Short 3

Yes, I've seen that. I would be cautious holding that stock AS, once customers leave a bank, they do not return, such is Brit mentality, there are plenty of others to stick cash into. I am just very concerned that it might start small and effect other banks. BOE made it clear that they will...

3rd -2 & Short 3 -3 Short 3

Last trade went -4 then re-entered long, scaled out 2 +12.5 3rd still holding for now, but 3 minute chart's histogram looks bearish now ImO, ready to reverse for short

3rd +29.5 long 3 bottom fishing -1 long 3

Nothern Rock's CEO has called it a "global liquidity crisis", Russia went into recession in late 90s when there was similar liquidity problems, but in most banks, not just 1. What we have to watch out for are signs for mass hysteria, if just 1 more bank comes out with similar indications, then...

Long 3 -3 Short 3 scaled out 2 +16.5

"...global liquidity crisis..." sounds worrying. Is that so AS IYO? If customers continue withdrawing funds at the rate registered last week, then there won't be much left of the bank's rep left, who would want it without BOE's support? http://www.northernrock.co.uk/

Short 3, early morning range breakout -2.5 will re-enter near same price

My charts resemble those posted by Buy1Sell2, doesn't make us 1 person, just a coincidence. You know Spec, it's nice when people post market based information and let personal issues out. Let's not start having ego tournaments please.

You really have to look at who would benefit from this, us (pawns) or the minority that need low prices in real estate to make big bucks, in the end of the day you can't short sell property, hence low property prices are a must. It's a huge gamble though as it just might bring down the stock...

Apex, we miss you! Stop hiding :)

Isn't it how Russian banking crisis started back in late 90s? If it's happening in UK, then OMG is all I can say for now, no bank will be able to pay out funds on demand at times of mass hysteria, not good, I hope it doesn't take its toll on people that bank with other banks.

How can that be right? What if your entries keep putting you in almost immediate DD or are you referring to money management being more important than entries? I suppose the only way that would be correct is when profit targets by far outstrip losses ie catching a weekly chart's turn off a 5...

AS, BTW, since you're into financials, check out today's story on Northern Rock bank in the UK, pretty much had to be bailed out by the BOE. They lost 1/3 of their MC today, people cueing up to get savings out. Ouch! Markets might sell-off into the close. Just a gut feeling.

covered 3rd +12 and off to the pub, have a great weekend people!