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Northern Rock (NRK)     

irlee57 - 13 Aug 2007 09:03

any comments, thoughts, on this stock.

janetbennison - 15 Oct 2007 10:45 - 712 of 1029

all the weekend press new oof interested parties in the com. would pay zero for the shares. enough to frighten shareholders off. cynic did you short this one today?

cynic - 15 Oct 2007 11:11 - 713 of 1029

try reading the w/e press and items here on NewsWatch!!!!

cynic - 15 Oct 2007 11:12 - 714 of 1029

hi janet ..... not possible .... was already marked down to about current levels at the open ....... would i short now? ...... certainly shouldn't!!

janetbennison - 15 Oct 2007 11:18 - 715 of 1029

still a lot of people buying at these levels even after the week end news.

janetbennison - 15 Oct 2007 11:19 - 716 of 1029

I am leaving this one well alone

cynic - 15 Oct 2007 11:46 - 717 of 1029

or closing their short positions!

hlyeo98 - 15 Oct 2007 12:53 - 718 of 1029

Cynic, I have closed at 218p but don't know weather I've done the right thing. What do you think?

cynic - 15 Oct 2007 13:04 - 719 of 1029

it can never be wrong to take a profit

cynic - 15 Oct 2007 16:45 - 720 of 1029

have shown myself to be a total arsehole and opened a short in NRK at 214. albeit with a guaranteed stop!

we shall see

hlyeo98 - 15 Oct 2007 21:37 - 721 of 1029

You are really brave, cynic. Good luck!

cynic - 16 Oct 2007 08:11 - 722 of 1029

it was a bit wasn't it! ..... anyway, i have in place guaranteed stops so any loss is limited ...... meanwhile, headlines in telegraph say the shareholders will get zilch and sp is down 15 this morning .... actually pretty surprised it is not more

hlyeo98 - 16 Oct 2007 08:25 - 723 of 1029

Yeah...it is holding quite remarkably

cynic - 16 Oct 2007 08:38 - 724 of 1029

will it be sackcloth or satin for me i wonder - lol!

hlyeo98 - 16 Oct 2007 08:42 - 725 of 1029

In fact it is recovering -5p now.

cynic - 16 Oct 2007 08:57 - 726 of 1029

but still in the money ..... anyway, the stop i have set means that any pain will be readily bearable, and i think i have prob got it right ..... or is that just wishful thinking lol??

skinny - 16 Oct 2007 12:40 - 727 of 1029

Head of Virgin money is on Working Lunch tomorrow (Wednesday) talking about proposals for NRK

skinny - 16 Oct 2007 12:54 - 728 of 1029

F&C Asset Management reduces Northern Rock stake to 0.25 pct




LONDON (Thomson Financial) - F&C Asset Management PLC said it has sold 4.27
mln shares in Northern Rock PLC, reducing its stake in the embattled UK mortgage
lender to 0.25 pct.
In a statement, F&C said it sold the shares at 219.86 pence per share,
leaving its holding in the bank at 1.045 mln shares.
Last week, F&C sold 3.8 mln shares in Northern Rock at 269.18 pence each.
At 12.40 pm, Northern Rock shares were down 9 pence at 207 pence.


cynic - 16 Oct 2007 12:58 - 729 of 1029

and i am short at 5'10" and 214!

hlyeo98 - 16 Oct 2007 18:39 - 730 of 1029

It amazingly closed up at 223p. Wonder why.

Tonker - 16 Oct 2007 19:41 - 731 of 1029

Interesting
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