Hbos shares at £3 they are going to atleast double in price in a year or so arent they?

Question

Hbos shares at £3 they are going to atleast double in price in a year or so arent they?

Answer 1

I wouldn't put money on it.

Answer 2

Maybe not as quickly as a year; it may be two or three years before they fully recover.

Answer 3

I think most of the banking shares have a long way to fall. Don't buy in the first year of the depression, and we're in the early stages of one, I don't care about any other view on this ... it's not open to debate - America is in a depression. In 1929 stocks more than halved, and if you'd bought then, you'd have done your beans by 1933 .... would have been a few decades before you saw your money again, so hold tight, wait for the green shoots of recovery before you dip your toe in these markets ... there's a h**l of a lot worse to come

HBOS is so exposed to mortgages, which really haven't even kicked into gear on the downside yet - got a lot more to go

short term bounce? Maybe... but that's all it would be. This is a traders market - the BUY and HOLD strategy, that stocks will always go up in the long run is not really valid right now, sell on rallies and if you must be careful about buying dips

Answer 4

I laughed so much when I was reading your question I fell off my chair and spilt my cherry beer over the keyboard. This is easy.....no chance!

Answer 5

IIRC, they were £6 to £7 the last time I looked. Personally, I'd be surprised if they were over a £1.00 in a year's time, what with what is likely to happen in the meantime.