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Author Topic: RBS - Royal Bank of Scotland - NYSE  (Read 36093 times)

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Offline Dr PennyStock

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Re: RBS - Royal Bank of Scotland - NYSE
« Reply #15 on: October 08, 2008, 01:13:20 PM »
It confirmed support at 1.40, but, I am still thinking that it will hit $1, I will not enter.
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Offline EJC

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Re: RBS - Royal Bank of Scotland - NYSE
« Reply #16 on: October 08, 2008, 01:35:39 PM »
Quote from: Dr PennyStock on October 08, 2008, 01:13:20 PM
It confirmed support at 1.40, but, I am still thinking that it will hit $1, I will not enter.

Why do you think so, Doc? The $1 is certainly an important psychological mark but is there any other reason for your assumption? Or is it more a question of instinct ;D
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DBEN153662

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Re: RBS - Royal Bank of Scotland - NYSE
« Reply #17 on: October 08, 2008, 01:41:42 PM »
I feel safer holding RBS than CC, thats for sure...Circuit City what a POS
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Offline Dr PennyStock

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Re: RBS - Royal Bank of Scotland - NYSE
« Reply #18 on: October 08, 2008, 02:05:07 PM »
Quote from: EJC on October 08, 2008, 01:35:39 PM
Quote from: Dr PennyStock on October 08, 2008, 01:13:20 PM
It confirmed support at 1.40, but, I am still thinking that it will hit $1, I will not enter.

Why do you think so, Doc? The $1 is certainly an important psychological mark but is there any other reason for your assumption? Or is it more a question of instinct ;D

The chart, the ADX has still room to fall, despite the RSI is showing signal of strength and the MACD is completely oversold.

Also the market is very bad, but, I admit, if this tomorrow hold again above 1.50, should be a buy.
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DBEN153662

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Re: RBS - Royal Bank of Scotland - NYSE
« Reply #19 on: October 08, 2008, 03:22:29 PM »
so far so good at $1.75 and market up. Dow has to close green to have momo for tomorrow
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DBEN153662

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Re: RBS - Royal Bank of Scotland - NYSE
« Reply #20 on: October 08, 2008, 05:03:28 PM »
why is Ameritrade showing close of $1.85 ? mistake ?
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Offline RoagTrader

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Re: RBS - Royal Bank of Scotland - NYSE
« Reply #21 on: October 08, 2008, 05:06:39 PM »
Quote from: DBEN153662 on October 08, 2008, 05:03:28 PM
why is Ameritrade showing close of $1.85 ? mistake ?

I show it also, but b/a now is 1.62 x 1.65.  Maybe a late print?
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Offline Alan412

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Re: RBS - Royal Bank of Scotland - NYSE
« Reply #22 on: October 08, 2008, 05:07:18 PM »
googles showing 1.85 close also
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"Wear life like a loose robe."

DBEN153662

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Re: RBS - Royal Bank of Scotland - NYSE
« Reply #23 on: October 10, 2008, 12:56:55 AM »
OCTOBER 10, 2008 RBS Might Have to Tap The U.K. Government, Too
Like Barclays and HBOS, Goodwin's Bank May Give In

LONDON -- Royal Bank of Scotland Group PLC's chief executive, Fred Goodwin, is walking a tightrope. After saying for months that his bank was in good shape, he is expected to be among the most likely to go hat in hand to the government for funding under the U.K.'s ambitious new bailout plan.

The core plank of the U.K. plan requires the banking industry to raise its capital by £25 billion ($43.2 billion) in the next three months. Banks can sell shares to the government or raise money on their own. The government wants banks to keep more capital on ...

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DBEN153662

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Re: RBS - Royal Bank of Scotland - NYSE
« Reply #24 on: October 10, 2008, 12:57:29 AM »
Maybe that's why we went up in AH ?
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Offline Dr PennyStock

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Re: RBS - Royal Bank of Scotland - NYSE
« Reply #25 on: October 11, 2008, 02:20:35 PM »
Made a white candle, if the market rebounds, it should also rebound and don't touch $1, lets see on Monday.
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DBEN153662

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Re: RBS - Royal Bank of Scotland - NYSE
« Reply #26 on: October 12, 2008, 03:53:54 AM »
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Offline RoagTrader

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Re: RBS - Royal Bank of Scotland - NYSE
« Reply #27 on: October 12, 2008, 11:06:59 PM »
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DBEN153662

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Re: RBS - Royal Bank of Scotland - NYSE
« Reply #28 on: October 13, 2008, 08:21:48 AM »
What a low blow !!  :P  will consider averaging down or just getting out. My position is small on this one anyways
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Offline Dr PennyStock

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Re: RBS - Royal Bank of Scotland - NYSE
« Reply #29 on: October 13, 2008, 08:53:43 AM »
It will see a little volatility these next 2 - 3 days, but, it will stabilize and recover from about $1, IMO.
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