Northern Rock - Shares [Merged Threads]

Browntrout_2

Who'd have thought something liek the Northern Rock would have caused so much panic and consternation, I've walked past its branches for years and thought nothing of it, how's that's changed!

The markets are generally up today in advance of the Fed interest rate decision this evening.

In my opinion today's rise in NRK will prove to be a dead cat bounce, avoid.

Rhino666

Dithering_Dad wrote: »

I've bought in!! How exciting is this 'ere share dealing!! Why did no one tell me how much fun it is?

I bought £1500 NRock shares at 303, £1500 A&L shares at 738 and £1000 HBOS at 839. The HBOS one are holding me back at the mo.

Good fun though

Brilliant !! - just wish you had got in earlier with the real money spinner - AL

Best Wishes

Rob

Rhino666

old_codger1 wrote: »

There's an incident I think people might find instructive when thinking about the GBP, (good phrase btw ), and their ability to get themselves in a flap.

A fella I know is a motor mechanic who goes around in a truck and fixes people's car's at their premises. He's used to dealing with all sorts of people and he's been doing it for nearly 30 years. Anyway, during the recent rash of dodgy petrol from Tesco he was phoned by a regular customer of his, (such people DO exist I'm assured), and asked if he could come and have a look at his vehicle. He'd filled up at Tesco's and his car had been running 'funny' ever since. He'd contacted his solicitor to issue proceedings but he'd been told it would be a good idea to have a mechanic look at the vehicle first.

However, this didn't take long.... his car ran on diesel

Interestingly enough my autobits website sells catalytic converters and lambda sensors. The Tesco situation caused mayhem as our suppliers, the largest independants in the UK could not keep up with demand. If the guy with a diesel had claimed I'm sure they would have paid out :-)

Steer clear of general trends and you will likely do well - we all buy when shares are at their peak and run scared when shares have bottomed out - human nature always is and always has been self dectructive. I have a feeling that this particular dead cat will bounce well but then again I could be wrong but for good old dithering dads sake, I really hope not :-)

steve-o_3

Well, I've been reading all your comments now for the past few days and I'm getting itchy feet!!!

I was planning a joint NRK and AL investment, but it looks like I've missed the AL boat!!! They bottomed at 600 yesterday and have risen to the mid 700's now, gutted!

Does anyone have any advice for me as someone wanting to spread their risk across a couple of stakes?

I've got a couple of grand I could afford to take a punt on over a medium term (2 years or so). I'm getting ready to do it tomorrow or Thursday, does anyone have any advice for me on the NRK, AL and possibly B&B???

Cheers guys.
Steve.

Dithering_Dad

I spread across 3 - A&L, NR and HBOS. HBOS is still falling but there is no reason for it to - they don't have any where near the exposure that NR had. Might be worth a long term punt.

[Deleted User]

Federal reserve has lowered interest rates so thats good news in the short term for banks stocks.

Still lots of termoil but if you bought today and sell in a week you might make a few bucks more... that is if the media leave off now.

But remember there are still underlying issues with the credit markets and that is banks take too much risks nowadays. We need to go back to sensible multiplyers deposits and teh days where they stick two fingers up at people with poor credit. Otherwise theyll keep passing fire parcels in packaged up falsly advertised reparcels that are then plastered in paint and sold to unsuspecting other banks.

Rorth

Hi, new to all this sharedealing! Seen that Northern Rock shares had kind of stabalised today, and were at one point worth 4 times the amount they are now. I had a little bit of savings and punted £5000 on buying shares in them today at £3.05. Well in fact .. 1635 shares at £3.05 the rest went in commission and stamp duty. Is this a good gamble and will I have to pay stamp duty when I sell them or declare any profit to the tax man as income tax etc if I am lucky enough to make a profit? This is the first time I have got excited over anything like this in years

[Deleted User]

Stamp duty is 0.5% when you buy. You dont pay anything when you sell unless your capital gain is over 8,200 in which case you self assess and pay your rate of tax on over that.

We can talk about economics, we can talk about whats happening and what stocks we own but to say you should do something or not on the stock markets not really on.

You obviously believed it was good and you have enacted your free will in buying the shares. If you lose or make money now is anyones guess.

But id say that the company has a better chance now with the government calming fears and the fed cutting interest rates. I say chance because everythings risk based when investing and now the risk is lower, but risks to success always exist.

His_Lordship

Dithering_Dad wrote: »

I spread across 3 - A&L, NR and HBOS. HBOS is still falling but there is no reason for it to - they don't have any where near the exposure that NR had. Might be worth a long term punt.

Absolutely right about HBOS, no reason for it to fall...it is one of the most diversified out of the three. Just market sentiment.

Aegis

Yant1 wrote: »

Stamp duty is 0.5% when you buy. You dont pay anything when you sell unless your capital gain is over 8,200 in which case you self assess and pay your rate of tax on over that.

Small correction, but it's £9200 p/a allowance, and you pay at the CGT rate of 40% for any realised gains (excluding taper relief) rather than your usual income tax rate.