any comments, thoughts, on this stock.

after the disastrous performance on Wall Street and the poor figures from Wachovia, further shorting of NRK on Monday may not be a bad bet ...... but as always hedged with a guaranteed stop

I will try to short NRK on Monday, cynic. I think this will be a one way slide this time.

but please be careful, though I am sure you will be.

i would like to find some individual shares to short, perhaps in the building or financial sector, or even big oilies where sp may now be a bit over-cooked on the back of (over)high crude prices ...... however, it may be simpler just to short FTSE, which I have done and which is top-heavy in both financials and oils, and perhaps AIM which tends to get hammered in neg markets

AIM does not look possible, but FTSE 250 certainly is

Those in the building sector are great to short...see my thread - sell property share...I have shorted SGRO and RDW with profit now.

RDW up Friday on takeover rumours hlyeo98. ;-))

rumour swirling around Redrow in particular, and also Barratt rather less so

Monday will see these reeling.

Cynic,

What do you use to short these, CFD, S/Bet ?

CFD

Tomorrow will be a profitable day, cynic. Good luck!

at least short NRK and FTSE should offset some of the losses on other stocks

Great...RDW and SGRO have dropped further.

Programme about banking on R4 now.

CNE looks like one to short cynic.

Shorting an oil producer with prices this high? Don't think so explosive.

Just for info........
It aint over yet. Merrill Lynch have just announced that their UK sub prime offering is to be further reduced due to "ongoing instability in the financial markets".
In essence, they withdrew their "unlimited" & "Heavy" adverse rabge of product a few weeks ago. Now they have withdrawn their "Medium" adverse offerings, leaving only products for minor adverse cases, at a reduced loan to value.
Feeling the pinch or ultra cautious? No idea. You lot work that out.
Alan

I think NRK would drop badly tomorrow.

Alan - it'll get worse re mortgage offers. In a year or so here all those 2-3 year deals will end and the UK homeowners will suddenly find themselves out in the street .......... I hope! ;-))

Merrill 3Q roiled by mortgage crisis
AFX


NEW YORK (AP) - Merrill Lynch & Co. on Wednesday took a $7.9 billion writedown because of the summer's credit crisis, a bigger-than-expected amount that raised the specter of more trouble ahead from risky home loans.

The world's largest brokerage was caught off guard by its bad bets, leading to its first loss in six years. Merrill Lynch's quarterly performance was the worst by far of the Wall Street firms.

The shortfall calls into question how one of the biggest names in finance could be so off the mark, just three weeks after telling Wall Street its losses would be significantly less.