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Northern Rock (NRK)     

irlee57 - 13 Aug 2007 09:03

any comments, thoughts, on this stock.

cynic - 20 Oct 2007 12:03 - 771 of 1029

AIM does not look possible, but FTSE 250 certainly is

hlyeo98 - 20 Oct 2007 13:59 - 772 of 1029

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

Big Al - 20 Oct 2007 14:30 - 773 of 1029

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

cynic - 20 Oct 2007 16:29 - 774 of 1029

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

hlyeo98 - 21 Oct 2007 07:33 - 775 of 1029

Monday will see these reeling.

aldwickk - 21 Oct 2007 16:23 - 776 of 1029

Cynic,

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

cynic - 21 Oct 2007 17:25 - 777 of 1029

CFD

hlyeo98 - 21 Oct 2007 23:40 - 778 of 1029

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

cynic - 21 Oct 2007 23:42 - 779 of 1029

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

hlyeo98 - 22 Oct 2007 17:48 - 780 of 1029

Great...RDW and SGRO have dropped further.

Stan - 23 Oct 2007 09:05 - 781 of 1029

Programme about banking on R4 now.

explosive - 24 Oct 2007 01:08 - 782 of 1029

CNE looks like one to short cynic.

Big Al - 24 Oct 2007 07:31 - 783 of 1029

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

hewittalan6 - 24 Oct 2007 15:57 - 784 of 1029

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 Now they have withdrawn their "Medium" adverse offerings, leaving only products for minor adverse cases, at a reduced loan to value.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

hlyeo98 - 24 Oct 2007 16:00 - 785 of 1029

I think NRK would drop badly tomorrow.

Big Al - 24 Oct 2007 21:17 - 786 of 1029

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! ;-))

hlyeo98 - 24 Oct 2007 22:03 - 787 of 1029

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.


cynic - 24 Oct 2007 22:07 - 788 of 1029

am happy to stay sitting short even though Dow recovered sharply to break even

hlyeo98 - 24 Oct 2007 22:16 - 789 of 1029

It recovered only on rumour that Fed will meet next week in the hope of reducing interest rates. They can't reduce interest rates indefinitely. Inflation rate will soon rear its ugly head if interest rate goes down imo.

halifax - 24 Oct 2007 23:26 - 790 of 1029

You are right to fear inflation but if consumers are affected by the credit crunch then the risk might become deflation.
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