Barclays is being murdered out there.
Today: 75.40 -12.60 (-14.32%)
Here's the recent news:
"Jan. 16 (Bloomberg) -- Barclays Plc, the U.K. bank that turned down government funding last year, said 2008 earnings will exceed analysts’ forecasts and called today’s 25 percent drop in London trading unjustified.
Barclays pretax profit in 2008 will be “well ahead” of analysts’ average estimate of 5.3 billion pounds ($7.8 billion), the bank said in a statement after the stock fell the most in two decades on speculation it needs more capital.
"
I have yet to see 1 solid reason for the 50% + decline in the last week, except for short selling and rumors.
I will be joining Cybertory in court at this rate (I own Barclay equity).
Today: 75.40 -12.60 (-14.32%)
Here's the recent news:
"Jan. 16 (Bloomberg) -- Barclays Plc, the U.K. bank that turned down government funding last year, said 2008 earnings will exceed analysts’ forecasts and called today’s 25 percent drop in London trading unjustified.
Barclays pretax profit in 2008 will be “well ahead” of analysts’ average estimate of 5.3 billion pounds ($7.8 billion), the bank said in a statement after the stock fell the most in two decades on speculation it needs more capital.
"
I have yet to see 1 solid reason for the 50% + decline in the last week, except for short selling and rumors.
I will be joining Cybertory in court at this rate (I own Barclay equity).
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