any comments, thoughts, on this stock.

Already priced in seawalker.

stay out if you don't already hold ..... NRK may not be going to zero, but if you think someone is going to pay significantly over the odds (current price or more) then you could be in for another nasty shock .... meanwhile, there will be heavy bear covering i expect

Yes Dil, I was aware.......... poor choice of words

Short here, really can't see it.

??????????
do you mean you cannot see shorting of NRK to be profitable at this level?
you may be right; far too difficult to call, but certainly no good reason to buy either!

Been short , been long but now no position.

No I meant I'm short and I can't see it going up.

There's also this for anyone who hasn't seen it

The European Commission has requested information from the British authorities over the government bail-out of Northern Rock, concerned that it could violate EU state aid laws if support leads to distortion of the banking market.

Bank bail-out may breach EU competition laws

Any point in holding on to these at current levels for the divi. or will this enevitably require to be slashed in view of s.p. collapse. ? Regards.

Darling won't pay the divi !!

Last thing a company that has no money does is pay a dividend.

Speaking of going down, what happened there!

quite right too Kayak, as current price shows

When Carter & Carter dropper from grace it fell from 1100p to 40p. Is this going to repeat that? Its difficult to see the bottom, I'm not a holder just an interested bystander.

i don't think i am brave enough to short NRK now, but AL. having recovered so specatularly could be worth a minor short - i shan't, but am sure glad i took my o'night profit there this morning, for otherwise would now be back to break-even on that position.

rumour of a 2 bid and lloyds has cut its stake in Northern rock - according to broker

Lloyds TSB not bidding for Northern Rock - industry sources


LONDON (Thomson Financial) - Lloyds TSB, the UK bank, is not bidding 200
pence per share for beleaguered mortgage lender Northern Rock, industry sources
said.
"There is no truth to the rumour," one source said in an interview.
At 10.40 am Northern Rock shares were down by over 10 pct, or 32 pence, at
274. The FTSE 100 was up nearly 2 pct, or 121.10 at 6,404.40.
Lloyds TSB refused to comment.

So NRK is not worth even 200p.

That's your interpretation of that comment. But that is not what it says.

Now had notification that General Motors are restricting their lending on new build properties and self certification mortgages.
Both types are now restricted to 75% Loan to Value.
this is indicative of their opinion that sub prime still has many problems and the new build restriction is probably due to nervousness of the direction of house prices.
Alan

Thank goodness I'm mortgage free. Was a struggle at times, but in those days they only lent you what you could afford to repay. 3 times principle salary plus 1 times secondary salary.