Something you don't see every day

**the guy with the bowtie** · 27 January 2009, 08:10

More like pure speculation

**BrilloPad** · 27 January 2009, 08:41

Boomed

**Solidec** · 27 January 2009, 09:23

100+

SUPA-Boomed

**Doggy Styles** · 27 January 2009, 09:53

I wish I could have been arsed to buy some yesterday. Some geezers were on the radio saying it was undervalued, and its low price was only a reflection of a spooked market.

Unfortunately I decided to accept Audrey Tautou's offer of sex instead.

**ace00** · 27 January 2009, 10:19

Here's exec summary of the Barclays letter:

"BARCLAYS PLC

Open letter from Marcus Agius and John Varley

* SIGNIFICANT PRE TAX PROFITS IN 2008
* RECORD INCOME LEVELS ABSORB £8BN OF GROSS CREDIT MARKET WRITE DOWNS IN 2008
(£5BN NET)
* RELEASE OF RESULTS AGREED WITH AUDITORS BROUGHT FORWARD TO 9th FEBRUARY 2009
* CAPITAL RESOURCES WELL IN EXCESS OF REGULATORY REQUIREMENTS CREATE LARGE
PERFORMANCE CUSHION
* NO FURTHER CAPITAL SUBSCRIPTION SOUGHT
...........
"
Goes on a bit..

Which is what I said, last week.

**BlasterBates** · 27 January 2009, 11:28

The reason why the jump was large

Basically a bit like VW, Hedge Funds desperately closing their short positions.

Something you don't see every day