any comments, thoughts, on this stock.

shouldn't compalin, and thanks ..... took profits on my "excess" in both IEC and POG and also my Dow long ...... bought PAG (questionable move!) and shorted Dow (looks promising)

I might as well have stayed out of RIO, too, but BLNX is picking up well, having bought back in at 17p last week. So I guess I do manage to get some things right at least!

poor reporting by the bbc , either RAB changed their mind or the bbc did!

UBS cut its target for the NRK to 125 pence from 195 today.

can't make head or tail of the price of NRK any more ...... i feel it ought to be a certain short, but indications are otherwise

Branson is to put up 200mil of his own money I hear, will that be in a fully guarenteed deposit account? Top shareholders feel the Virgin offer is cheeky and vastly undervalues the company......they would say that wouldn't they.

HEADING TO 1.40 MARK TODAY ,,WOULD BE NICE TO SEE AT 1.90 PLUS SOON

Got in last friday and then out on monday, i will leave them alone now for a while, dont understand what's going on with them or what the future for them. i think they would be a good long term hold if you had the cash just to sit on it but as i havent i cant

long term hold?? Im pretty sure they wont exist as Northern Rock for that much longer,

what do you think will happen to Northern Rock, I dont know I have a feeling that they have a chance in time to get back in the game. I havent the cash to stay and wait but we will see

too difficult to play this one at all ..... too many anti-personnel mines!

yes and i have stood on one or two so i will stay clear now, I have had my fun. looking to the next, little tickle on the market

If you think about it seriously the chances of NRK surviving are still zero what we have is a political situation. Brown cannot afford to lose votes in the north east if NRK goes under. Branson and probably others are looking to gain great advantages by helping Brown to keep NRK afloat. Just like Mr Abrhams has done with his disguised donations to the Labour Party.

surely there must still be money to be made here on a short tack ..... am quite tempted to take that risk tomorrow

hello guys,,,,,if rock is going to be natinalize what uppen to the share prize?

i confess i fail to see why the shares are worth 2 beans, yet they strengthened today ...... one thing is for sure - RAB and the other crew are going to lose their shirts ..... pity innit

thanks cynic,,,whos RAB ,,,,so you think the share they will be worthless?

RAB is one of the big hedge funds as are the other clowns who were buying hand over fist ..... yes, i do think the shares are worth zilch, but disinclined to short even assuming there is someone who would lend the stock to allow it

NRK is moving now...69p.


Northern Rock chairman urges shareholders to re-elect board - report - AFX


LONDON (Thomson Financial) - Northern Rock chairman Bryan Sanderson has warned leading shareholders that the stricken mortgage lender is more likely to be nationalised if its board is not re-elected at today's extraordinary general meeting, the Daily Telegraph reported.

The paper said Sanderson has been in contact with RAB Capital and SRM Global, two hedge funds that own 18 pct of the bank between them, to urge them to support re-election of the board.

Shareholders are due to vote on a package of measures aimed at giving them more control over Northern Rock's efforts to sell itself off, alongside the re-election of the current board.

The proposals were tabled by RAB and SRM, which are concerned that Northern Rock's management could be pressurised by the government into selling the bank at a price they consider too cheap.

The government, which has bailed out Northern Rock via a 25 bln stg Bank of England loan, is contemplating nationalising the bank in an effort to recoup its money.

At the weekend, it emerged that the government has approached former Lloyd's of London chief Ron Sandler to chair Northern Rock if the bank is taken into public ownership.

But in a separate report, the Financial Times said a revolt by Northern Rock shareholders will not force Prime Minister Gordon Brown into making a snap decision on whether to nationalise the bank.

In auction (again)