Alliance & Leicester - 2nd Biggest loser on market this morning.

McSaver

dunstonh wrote: »

Everyone start to panic, a meteorite is going to hit earth some time in the next 65 million years.

One is supposed to approach earth in 2028. But is predicted to miss by around 50,000 miles.

m_c_s

McSaver wrote: »

One is supposed to approach earth in 2028. But is predicted to miss by around 50,000 miles.

50000 miles...thats good enough for me, sell house, cash in ISAs and buy Richard Bransons balloon to take me to the moon....:rotfl: :rotfl: :rotfl: :rotfl: :rotfl:

[Deleted User]

uk_steve wrote: »

wow £6 a share with A+L

Jesus, there must be something big going down and we wont know about it yet as its insider information.

Dont be tempted though! people have already lost their life savings trying to catch the bottom of NRs share price.

EdInvestor

A&L says hedge funds are shorting the stock, same happened with NRK.

http://newsvote.bbc.co.uk/2/hi/business/6999532.stm

gt94sss2

The government has just promised to guarantee all existing deposits at Northern Rock

Regards
Sunil

KTF

This is getting silly. Its like lemmings jumping off a cliff. If the media would stop mentioning NR all the time then maybe it would all calm down.

I am off on holiday tomorrow and fully expect my money to still be in A&L when I come back. Probably wont be able to say the same for my unit trust though

[Deleted User]

EdInvestor wrote: »

A&L says hedge funds are shorting the stock, same happened with NRK.

http://newsvote.bbc.co.uk/2/hi/business/6999532.stm

Yes but are they doing it because they know something we dont?

Will A+L still cut a profit in todays climate?

EdInvestor

I'm amazed that anyone would think that hedge funds "know something we don't." To remind, hedge funds are the operations that a) don't make money and b) have to be bailed out by their parent banks/large investors all the time because of their reckless gambles on failed punts such as high yield securitised mortgages. :rolleyes:

What's more, they have form going back a long way,remember Long Term Capital Management?That was a hedge fund which caused a crisis in 1998.More like Short Term Capital Mismanagement, as their investors found.

Not much appears to have changed.

[Deleted User]

EdInvestor wrote: »

I'm amazed that anyone would think that hedge funds "know something we don't." To remind, hedge funds are the operations that a) don't make money and b) have to be bailed out by their parent banks/large investors all the time because of their reckless gambles on failed punts such as high yield securitised mortgages. :rolleyes:

What's more, they have form going back a long way,remember Long Term Capital Management?That was a hedge fund which caused a crisis in 1998.More like Short Term Capital Mismanagement, as their investors found.

Not much appears to have changed.

So do you believe that this is a attack so that perhaps citi group or another organisation can get in on the uk market at a discount price. Buying up the infrastructure that A+L hold on the back of fears about another organisation?

If so... itll probably work for them, id guess at 80% chance there will be panic selling with A+L shares tomoz. But im not a gambling man and these times are a gamble so im out.

Jake'sGran

Dithering_Dad wrote: »

Lordy, don't say there will be a run on A&L and other banks. I'm going to have to empty my offset account account and start buying shares in the banking sector while they're nice and cheap!

I have shares in A&L, B & B, N Rock all as a result of carpetbagging.
Should have sold NR when they were £12 but I didn't know they would get as low as today's price in such a short time. Now where did I put my crystal
ball .