Friday, 19 September 2008

FSA bans short-selling

Remarkable news.
http://news.bbc.co.uk/1/hi/business/7624012.stm

Motley Fool reported that RBS was up to 245p briefly, but is now down to 215p. Not sure if 245p was a glitch. It will be interesting to watch today.

Update: even more remarkable:
http://online.wsj.com/article/SB122186549098258645.html?mod=googlenews_wsj

The Fed is devising an audacious plan to bail out financial institutions. I can't help worrying about how inflationary this could be... it will be interesting to see some details.

RBS finished the day 32% up, having been over 50% up at one stage.

Here's the state of my portfolio at close of play (in order from largest to smallest market value). Not hugely pretty even after today's big gains:
RBS.L 213.50 -- bought at 246.45p = -13.37%
GNK.L 590.00 -- bought at 538.30p = 9.60%
IAPD.L 1432.31 -- bought at 1557.90p = -8.06%
IDVY.L 1767.00 -- bought at 2051.07p = -13.85%
ZRX.L 6.55 -- bought at 11.42p = -42.65%
MXM.L 183.55 -- bought at 145.79p = 25.90%
NXT.L 1247.00 -- bought at 1099.78p = 13.39%
TW.L 55.00 -- bought at 100.37p = -45.20%
QDG.L 129.00 -- bought at 150.50p = -14.28%
LTAM.L 1169.75 -- bought at 1232.87p = -5.12%
IFFF.L 1828.00 -- bought at 2167.90p = -15.68%
IEER.L 1679.00 -- bought at 2135.62p = -21.38%
BDI.L 104.50 -- bought at 145.13p = -28.00%

Down an average of 14%.

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