Seen the price action on Barclays?

Anyone seen the recent price action on Barclays? Seems like every time it dips below £3.00 it sees a massive rally. I've a good mind to go long now as it's got a huge buying spike as it is at the moment! Also, it has to be one of the 'safest' banks at the minute. Food for thought...

this is one of my pets and I am long on 3 positions in barclays, Dividend was nice also... BUT I would say this is a speculative trade at this point in time... even at £3.00 If your short term I would avoid it

Look at whats happened to RBS today, and the CEO said in an RNS they hadn't approached the Bank Of England and since then it's gone dwon 15p, they (whoever they are) could do the same to BARCLAYS tomorrow....

thank you both for your wise words. Just as well I heeded them, the price is 275 now! I think I'll stick to trading indices - there at least I make money consistently! Many thanks again.