any comments, thoughts, on this stock.

Tonight: File On 4. at 8pm Radio 4.

Robert Preston investigates who was to blame for the crisis at Northern Rock. Featuring an interview with Merwyn King, his first public interview about NR.

Could be interesting.

Come on people lets not forget that without the BoE bailing this one out it'd be in administration right now, lets not also forget whos to blame. If you wanna put your money on a failed business model and board then go ahead but I'd rather be out of it and and in with the bulls on plenty of other stocks!! Might as well now that you could almost call NRK a nationalised company merge it with the post office which I think would add more value than any possible takeover or consortium.... Just a lone investors view..... Sound like cynic also now....

well Cynic is very happy being short with guaranteed stops in place so in worst case will be just + side of break even

Good for you cynic, I too have adopted the short on this one, shame the volumes and volitility have dampened over past weeks.

some strange happenings in NRK on which tomorrow may well shed some light ..... sp seemed to close at 157, but in the last hour or so (its 18:30) it looks to have been marked down to 152 ..... yetr there does not seem to be a late annoluncement either

Northern Rock savers have withdrawn 10.5 bln stg - report
AFX


LONDON (Thomson Financial) - Savers at troubled Northern Rock PLC are believed to have withdrawn a total of 10.5 bln stg since it appealed for emergency funding from the Bank of England in September, according to a sales document sent out by the bank to potential buyers, reports the Daily Telegraph.

ben.deighton@thomson.com

and i have increased my short yet again

Is it time for the deck chairs!

not sure, but singing "Abide with me" may not be far away

Sunday Times reports that Abbey are close to mounting a rescue bid involving resuscitating the whole ...... while this certainly has credibility, the question still remains as to by how much the equity will have to be diluted ...... we all saw what happened with Eurotunnel sp, which surely is a fair parallel

So I guess Northern Rock will fall further...I had shorted again at 160p. You had done better, cynic - shorted at 215p if I remembered rightly...although I shorted at 260p and came out at 220p...nerves got me then.

quite hard to call ..... there could be a significant bounce if bears start to close, but i still question whether that can be sustained ..... anyway, having pondered, I shall just stay put with my guaranteed stops in place ..... then i shall just break even at worst ..... fyi, i started shorting at 214, but have done similar numbers all the way down to 147 ...... still not exactly a huge number, but will do quite nicely even if i bailed out now, and very nicely indeed if sp ultimately falls away to say 50p, which i would have though was a distinct possibility, even if Abbey do mount a successful operation.

whoever bidding for NRK would not offer a generous price for it.

clearly everyone is bewildered as me as to what this new development actually means .... indeed from what i have read Olivant (Abbey) says he will only take a significant minority stake and not buy the whole ..... as to be expected, sp shot up this morning to 161 but has now come back to 155 and still drifting

Money won't disappear. It will change hands and increased as printed by the central banks. SEE HERE
China October Trade Surplus Hits Record
Monday November 12, 7:16 am ET
By Joe Mcdonald, AP Business Writer
China's Trade Surplus Jumps in October to New Monthly High of $27 Billion

BEIJING (AP) -- China's trade surplus jumped to a new all-time monthly high in October, according to official data released Monday, despite government pledges to restrain export growth and adding to pressure for action on trade barriers and currency.

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The report comes amid demands by some U.S. lawmakers for sanctions if Beijing fails to ease currency controls. The European Union says it also will press China for action at a summit this month.

China's trade surplus for the first 10 months jumped a massive 59 percent to $212.4 billion, according to figures released by the General Administration of Customs. The annual surplus already has surpassed the full-year record of $177.5 billion set in 2006.

October's trade gap rose to $27 billion, up 13.6 percent from the same month last year, according to the customs data. The previous monthly record high was $26.9 billion in June.

Chinese leaders say they are not actively pursuing huge surpluses and have imposed new taxes to restrain exports of steel, plastic and other goods deemed too dirty or energy-intensive.

Foreign demand for low-cost Chinese goods has stayed strong despite a string of foreign recalls and warnings over faulty or tainted Chinese goods ranging from toothpaste to tires.

The surge in import revenues has strained the government's ability to restrain pressure for prices to rise. The central bank drains billions of dollars a month from the economy through bond sales, and has piled up the world's biggest foreign reserves at $1.3 trillion.

China's trade surplus with the United States rose 12 percent to $15.7 billion on total two-way trade of $26.7 billion, according to the customs agency.

U.S. lawmakers are working on several proposed measures to impose punitive tariffs on Chinese imports if Beijing fails to take action on its currency controls.

The United States and other trading partners complain that China's currency, the yuan, is kept undervalued, giving its exporters an unfair price advantage and adding to the country's surpluses.

The surplus with Europe, China's biggest trading partner, rose nearly 50 percent to $13.9 billion on total trade of $31.4 billion, the agency reported.

A European Union delegation led by Prime Minister Jose Socrates of Portugal, which holds the 25-nation group's presidency, will press Chinese leaders for action to ease trade barriers and to let the yuan rise faster in value, EU Ambassador Serge Abou said Monday.

The comments reflected Europe's growing official urgency about China's swollen trade surpluses, an area where Washington has taken the lead in the past on lobbying Beijing.

China's imports in October climbed 25.5 percent from the same month a year earlier to $80.7 billion, according to the agency. Exports grew by 22.3 percent to $107.7 billion.

The United States reported a $232.5 billion trade deficit with China last year, its biggest ever with any country. The gap this year is on track to surpass that.

For the first 10 months of the year, China's total exports grew 26.5 percent to $985.84 billion, while total imports rose 19.8 percent to $773.48 billion.

i am sure ahoj's post above is rivetting ...... meanwhile, after yesterday's preliminary excitement, the market is clearly having 2nd and 3rd thoughts, so after a high of 161 yesterday, sp has drifted back down to 153 and continues it path through life (towards death?) like a leaky balloon.

NRK is doomed for sure...no doubts this time.

Getting harder to short. Gone unborrowable with IG Index and IG Markets. A few bookies still taking bets but I can feel a big short squeeze coming on.

Still worth nowt in my opinion but the fun and games could be starting. Stories in papers about takeovers..etc.

Put up or shut up by Friday I believe.

Remember Marconi doubled in price due to short closing before it was delisted.

mc.

IG may have reached its in-house trading limit of stock held rather than there being no lenders of stock in the market

sp slipping away again .... such a shame - lol!