Northern Rock - Shares [Merged Threads]

FelOn_2

getoblast wrote: »

163.10 p 8.90 (5.17%) close of play 25 Sep 2007

I've been advised to buy at 137. mid day Wednesday...

A few days late, but nearly there. As low as £1.445 this morning :eek:

digitaltoast

Not feeling so flash right now - I've just seen my £250 turn into £125 in a week....wondering now if I should buy another £250 to offset any losses when they go up. I mean, SURELY they must go up, right? Right??!?* :mad:

(Yes, I know you can't give advice, so consider this a rhetorical question!)

[Deleted User]

I think the whole of this thread should be pulled. NRK as being discussed (ramped) here has no place on a money saving site like this

Aegis

digitaltoast wrote: »

Not feeling so flash right now - I've just seen my £250 turn into £125 in a week....wondering now if I should buy another £250 to offset any losses when they go up. I mean, SURELY they must go up, right? Right??!?* :mad:

There's no guarantee of that happening at all. Putting in another £250 might just see you lose £500 instead of £125 if you sold now.

It might offset your losses, but it might also exacerbate them.

FelOn_2

kittie wrote: »

I think the whole of this thread should be pulled. NRK as being discussed (ramped) here has no place on a money saving site like this

As if us discussing a £639.42m company (@ £1.52) will move it's shares :rolleyes:

kittie wrote: »

has no place on a money saving site like this

Why don't you have a go at the Gambling board, while you're on your high horse

Browntrout_2

digitaltoast wrote: »

wondering now if I should buy another £250 to offset any losses when they go up. I mean, SURELY they must go up, right? Right??!?

It's not what you want to hear but there is no sure thing here.

These should be avoided for anything but pure speculation.

They have a huge loan book, reportedly as much as £100Bn, they have to constantly re-mortgage that, at present there is only one lender at the table, the taxpayer. The government would like to sweep this under the carpet as quick as poss and shareholders are at the end of long line.

170p but could easily be 2p

[Deleted User]

There is no harm in discussing this, in fact its probably an excellent lesson to future investors in the stock market on the risks.

Lots of people have lost their life savings after buying in after the first few drops. One Guy said he put in 65K his life savings at 6quid on another board.

If you notice throughout the thread I and others have advised against rash decision investing. The fact that its dropped ten fold merely proves that stock prices can drop as well as go up. The fact that some people have valued the company at £4 shows that assets/loan book price has no bearing on company price or what the company might be sold for after a major fire.

I do believe though that their has been some minor ramping ie getoblast. But if people are stupid enough to believe a random person rather then do their own research then they get what they get and can learn that rule.

cheerfulcat

Yant1 wrote: »

There is no harm in discussing this, in fact its probably an excellent lesson to future investors in the stock market on the risks.

I agree.

Those who think that the share price can only go up from here should remember what happened to Railtrack.

ollyk

digitaltoast wrote: »

Not feeling so flash right now - I've just seen my £250 turn into £125 in a week....wondering now if I should buy another £250 to offset any losses when they go up. I mean, SURELY they must go up, right? Right??!?* :mad:

(Yes, I know you can't give advice, so consider this a rhetorical question!)

You know, I use to be a fruit machine engineer a good few years ago and often wished my salary was based on recieving a pound for every 'pundit' who thought, did or said somthing similar to this :rolleyes: They thought they new the system and tried to play it and lost, when in fact they really didn't have a clue...

Put that money somewhere else.

[Deleted User]

I would say do as you wish digitaltoast, its your money you make the call. Is it a risk your prepared to take for the potential rewards and indeed losses?

Luckily you are only playing about with money you can afford to lose. This should always be the case with the stockmarket, the Hargreaves Lansdown advice booklet has a pyramid with large amounts of cash at the bottom in savings accounts, moving up to bonds, funds then to the small bit at the top the stockmarket. I take more risk then you perhaps should with over 1/3rd of what I have being in the stock market. But as I get older and it matters more I will move this down to 1/10th as my other investments grow and I can less afford to take that risk.

The stockmarket is part investment and part gamble, the gamble is the variables you do not know about which can be quite significant.