2007-09-16 21:58:43 · 15 answers · asked by Lee 2 in Business & Finance ➔ Investing
I want to buy before they are taken over, but dont want to do so before they hit rock bottom!
I cant see the bank of england letting them go bankrupt but how much longer can people keep withdrawing their savings?
2007-09-17 00:55:12 · update #1
There is talk of a takeover bid and then Northern Rock shares would be bought at 300p each.Currently 17th Sept @ 13.31hrs the selling price is 261p. Unless you are buying large amounts, the margins are small. Invest over £5000 and you could net £747.12 (obviously thats without your share dealers charges)
I'd wait for a further drop late afternoon and then buy first thing tuesday morning or before close at 5pm GMT tonight.
2007-09-17 01:34:46 · answer #1 · answered by Nick M 1 · 0⤊ 0⤋
Will Rogers said to buy stock, and then when it goes up, sell it. And if it doesn't go up, don't buy it.
I'd wait another week to buy. The stock will continue to go down in price during this next week, and it will become clearer whether NR will implode, or if it will be sold to another financial institution.
Buying troubled stocks is a good move, if you have sufficient diversification. They're cheap, and if 90% of them fail, you make out like a bandit on the other 10%, giving you outrageously good returns. However, when buying JUST ONE troubled stock, you're odds-on favorite to lose a bundle.
2007-09-16 22:15:46 · answer #2 · answered by Anonymous · 0⤊ 1⤋
Everyone needs to stop withdrawing there flipping money. Its just typical of this country, everyone panics at the slightest thing and know its caused chaos. If everyone had stayed calm nothern rock would be fine and everyone would be happy, but its a bit late for that now!
2007-09-16 22:11:45 · answer #3 · answered by Anonymous · 0⤊ 0⤋
think about it
northern rock was a third of mortgage lenders and there are other lenders that will be affected to you are best to go with Barclay's or bank of England as they will buy the smaller company's out to make there company grow even bigger
and it would be safer .if they did go in to liquidation they sometimes cant repay all depts
2007-09-17 01:14:23 · answer #4 · answered by Amanda C 3 · 0⤊ 0⤋
If I had 5 Grand that i ought to have the money for to lose i could be tempted to purchase........yet never gamble in case you actual won't be in a position to have the money for the soreness. The panic will maximum probably be over in some days and each thing will return to ordinary until eventually the subsequent "engineered" disaster.
2016-11-15 10:39:38 · answer #5 · answered by deily 4 · 0⤊ 0⤋
Depends who wants to buy....if two large Banks want to take it over then there could be some sort of bidding war...so I would say yes...but what the hell do I know.
2007-09-16 22:02:07 · answer #6 · answered by Knownow't 7 · 0⤊ 0⤋
Not sure they have bottomed out yet... They have fallen again this morning and are now worth about half the value before this happened.
2007-09-16 22:10:34 · answer #7 · answered by Anonymous · 0⤊ 0⤋
Where do you buy shares in Northern Rock? Can you do it online?
2007-09-17 01:28:32 · answer #8 · answered by TERRY M 2 · 0⤊ 0⤋
Buy low, sell high is the usual motto
2007-09-16 22:02:05 · answer #9 · answered by Anonymous · 0⤊ 0⤋
Great investment approach;
Ask total strangers, whose qualifications and motives can never be known, how/when to invest your hard earned money.
Good luck with that!
2007-09-17 01:14:28 · answer #10 · answered by Common Sense 7 · 0⤊ 0⤋