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

[Deleted User]

Jake'sGran wrote: »

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 .

If you got them for free and have very little shares you might as well hold.

bristolleedsfan

Yant1 wrote: »

If you got them for free and have very little shares you might as well hold.

i may be mistaken from memory A+L and B+B gave 250 free shares, NR def gave 500 free shares, B+B shares always had a problem with steep

rises.

if us NR shareholders end up with cash for our shares from any takeover then it will be if we get shares in the takeover company at some point in the future banking shares will shoot back up and we will be :j imo.

Jake'sGran

You are right Bristolleedsfan. I got 500 NR and 250 of the other two but then two others only gave preference shares Bristol and West and can't remember the other. I did intend to hang on anyway and now hear that they have all risen today. I had been wondering what I would get for my NR shares if another bank had gobbled them up.

Jonbvn

zag2me wrote: »

They lend alot more than they have in deposits, not dis-similar to northern rock.

You will be interested to know that nearly ALL the banks do the same. From an article I read in the Telegraph (can't find it online) only HSBC of the major lenders has more money held as deposits than money lent out.

Bernard_Coleslaw

Dithering_Dad wrote: »

A super volcano the size of yellowstone park would virtually destroy the US and would cause us to have several nuclear winters, driving man to the edge of extinction. The last one to go was in Sumatra 75,000 years ago causing global temperatures to drop by 21 degrees.

If you have any US shares or savings in US banks or even property in the US I would withdraw the money ASAP!!

In the event of that happening, I don't think even holding cash will suffice. If it looks like this is imminent, I plan to convert what small wealth I have into gold bullion bars.

Not as some sort of economic safeguard, you understand. It's just that when the zombies come calling, it's just so much more stylish to be able to smack them around the head with a bar of 24-carat.

[Deleted User]

Im selling my 8oz of gold tomorow as the price will prob drop down slowly back to $660 since IRs are dropping.

Ive prob made 250 quidish in a month off just 3K thanks to all this panic

His_Lordship

Yant1 wrote: »

Im selling my 8oz of gold tomorow as the price will prob drop down slowly back to $660 since IRs are dropping.

Ive prob made 250 quidish in a month off just 3K thanks to all this panic

Gold is a hold, inflation will increase with lower IR's in US.

[Deleted User]

His_Lordship wrote: »

Gold is a hold, inflation will increase with lower IR's in US.

Im not sure now you say that.... but I do have a reputation of getting out too early, I sold at a decent profit when dragon oil was a penny share... probably should have held on as id have no mortgage now, anything ive ever been in has gone on to do well. Except for once when i followed a press tip followed the speculative rise kicked out 20% short of its peak and it later went bust.

Ill hold my gold, will prob jump again even more when the next panic happens.