Northern Rock - Shares [Merged Threads]

competitionscafe

Buying shares in Northern Rock is more akin to gambling then investing - so don't use money you can't afford to lose and don't buy if you are going to get stressed out by every fluctuation in the share price. You can always try to limit your losses by setting a stop loss but with a share that is bouncing up and down like this you are likely to get 'stop lossed' out of them on the dips, especially if your stop loss is only say 10% below your buy price.

Not going near them myself, although I was tempted by Standard Life yesterday (up around 8% today) but didn't buy any - isn't hindsight a wonderful thing.

Interstingly I was looking at an old copy (02 Feb 07) of Money Week today and Paul Hill had Northern Rock as his 'tip of the week' with the headline "Solid Northern Rock is a way into bank sector profits" - at the time the shares were near their all time high of £12. Oops!

dealornodeal_3

competitionscafe wrote: »

Buying shares in Northern Rock is more akin to gambling then investing - so don't use money you can't afford to lose and don't buy if you are going to get stressed out by every fluctuation in the share price. You can always try to limit your losses by setting a stop loss but with a share that is bouncing up and down like this you are likely to get 'stop lossed' out of them on the dips, especially if your stop loss is only say 10% below your buy price.

Not going near them myself, although I was tempted by Standard Life yesterday (up around 8% today) but didn't buy any - isn't hindsight a wonderful thing.

Interstingly I was looking at an old copy (02 Feb 07) of Money Week today and Paul Hill had Northern Rock as his 'tip of the week' with the headline "Solid Northern Rock is a way into bank sector profits" - at the time the shares were near their all time high of £12. Oops!

Somewtimes it just goes to not listen to the experts, and go with your heart. IE chairman / MD of a company, that you have faith in, pulling the company around!:eek:

mystic_trev

sharps2010 wrote: »

I'm really worried now - I (stupidly?) bought £1k's worth of NR shares this morning for £3.16 they're now at £2.90 do I sell now and lose £82 or risk holding out and hope they go up??

Help! I have no nails left!

I hope you sold them - at close £2.39 :eek:

Never try to catch a falling knife!

FelOn_2

mystic_trev wrote: »

I hope you sold them - at close £2.39 :eek:

Never try to catch a falling knife!

£2.57 http://shares.telegraph.co.uk/telegraph/security.cgi?username=&ac=&csi=10258&record_search=1&search_phrase=nrk

ds1980

can someone tell me........if you buy at £2.57 and then the company is taken over what happens. Do the shares get suspended and then you get a reissue once the new business has been formed????

How low can this company go?? can i put a request at a broker to buy at £2 and then sell at £3 a share is that possible??

Is the only way you can lose money if you sell your shares for less than you buy or can you lose them if the company is sold. there is no way that the bank can go bust so these must be worth a punt???? answers on a postcard to.............

ds1980

im not bothered about losing money as only looking at about £3k investment. Just wanted to know if i get an offer price can i hold on to them or do i have to sel!?

FelOn_2

ds1980 wrote: »

Just wanted to know if i get an offer price can i hold on to them or do i have to sel!?

If (when) NRK are bought by another group, you don't have to sell, but the shares would be de-listed and there would be nothing to gain by holding out.

Ianharrison2000

A slight glimmer of hope for everyone who invested, someones just pumped £35 million in.

http://www.lse.co.uk/ShareTrades.asp?shareprice=NRK&share=nthnrock

I hope they know something we don't...

Ian

bristolleedsfan

Ianharrison2000 wrote: »

A slight glimmer of hope for everyone who invested, someones just pumped £35 million in.

http://www.lse.co.uk/ShareTrades.asp?shareprice=NRK&share=nthnrock

I hope they know something we don't...

Ian

can u pse paste the article re 35 million pumped in as only members can read it.

Ianharrison2000

It's not an article, its just information on the site.
I pasted the part for you, although I can see it without being a member.

Date -Time -Trade Prc -Volume -Buy/Sell -Bid -Ask -Value (approx)
19-Sep-07 -14:34:22 -265.00 -13,295,663 -Buy* -257.00 -257.50 -£35.234M

Hope this helps