LoveItIfWeBeatU Posted September 14, 2007 Share Posted September 14, 2007 just lost around 4000 quid.. no joke... but.......its only money :'( How? Are you an ordinary shareholder? Shares can go down as well as up. You've only lost the money if you sold the shares today. Who knows what the shares will be worth in the future. A few rumours of a takeover and watch those shares climb. I imagine a lot of muggers have been hanging around Northern Rock branches today waiting to mug the people who have withdrawn their savings. Link to post Share on other sites More sharing options...
McCormick Posted September 14, 2007 Share Posted September 14, 2007 just lost around 4000 quid.. no joke... but.......its only money :'( How? Are you an ordinary shareholder? Shares can go down as well as up. You've only lost the money if you sold the shares today. Who knows what the shares will be worth in the future. A few rumours of a takeover and watch those shares climb. I imagine a lot of muggers have been hanging around Northern Rock branches today waiting to mug the people who have withdrawn their savings. thats the onnly reason im not ripping my hair out atm... im not gonna sell them anytime soon anyway Link to post Share on other sites More sharing options...
Minhosa Posted September 14, 2007 Share Posted September 14, 2007 A good time to buy? Link to post Share on other sites More sharing options...
stozo Posted September 14, 2007 Share Posted September 14, 2007 A good time to buy? Excellent time to buy. Providing you see the shares as long term investments and not short term. Link to post Share on other sites More sharing options...
McCormick Posted September 14, 2007 Share Posted September 14, 2007 A good time to buy? Excellent time to buy. Providing you see the shares as long term investments and not short term. yeah.. get'em cheap and sell them 5 or so years on Link to post Share on other sites More sharing options...
LoveItIfWeBeatU Posted September 14, 2007 Share Posted September 14, 2007 A good time to buy? Could be. Share buying is a gamble. I don't work in the stock markets but a lot of what city traders do seem to be based on rumours. Dress up in a smart suit, stand outside the stock exchange and as the traders are all arriving for work, shout into your phone "Bank Of America are buying Northern Rock?" - Watch the share price rise. My share tip? Arms companies. There's always a war going on somewhere. Link to post Share on other sites More sharing options...
Guest Knightrider Posted September 14, 2007 Share Posted September 14, 2007 Fucking good, hopefully this will speed up a crash in the housing market. Link to post Share on other sites More sharing options...
McCormick Posted September 14, 2007 Share Posted September 14, 2007 A good time to buy? Could be. Share buying is a gamble. I don't work in the stock markets but a lot of what city traders do seem to be based on rumours. Dress up in a smart suit, stand outside the stock exchange and as the traders are all arriving for work, shout into your phone "Bank Of America are buying Northern Rock?" - Watch the share price rise. My share tip? Arms companies. There's always a war going on somewhere. blatantly republican Link to post Share on other sites More sharing options...
Nobby Posted September 14, 2007 Share Posted September 14, 2007 Fucking good, hopefully this will speed up a crash in the housing market. hope so, all houses £20,000 Link to post Share on other sites More sharing options...
Guest Knightrider Posted September 14, 2007 Share Posted September 14, 2007 We are trying to buy or rent a commercial property at the moment and they're asking daft prices for some of the worst shit holes you can imagine. Yet only a few years ago you could buy a shop with a flat above for 70K. Even land prices are manic. As for houses, fucking hell. I'm hoping we get a recession or a big crash, purely for selfish reasons like. Link to post Share on other sites More sharing options...
LoveItIfWeBeatU Posted September 14, 2007 Share Posted September 14, 2007 A good time to buy? Could be. Share buying is a gamble. I don't work in the stock markets but a lot of what city traders do seem to be based on rumours. Dress up in a smart suit, stand outside the stock exchange and as the traders are all arriving for work, shout into your phone "Bank Of America are buying Northern Rock?" - Watch the share price rise. My share tip? Arms companies. There's always a war going on somewhere. blatantly republican I don't think so, I'm from Newcastle not the US. Anyway, the whole point of shares is trying to make money. You don't have to like the companies or what they sell. It's a fact of life that there are always wars. Not meaning to make an example of CoachHTT but "I'm hoping we get a recession or a big crash, purely for selfish reasons like." comment is a "look after number 1" attitude. The fact that if NR went bust 6000 local people (including a lot of NUFC supporters) would lose their jobs doesn't come into his equation. We all usually want what's best for ourselves. That's capitalism for you. Link to post Share on other sites More sharing options...
Guest Gemmill Posted September 14, 2007 Share Posted September 14, 2007 We are trying to buy or rent a commercial property at the moment and they're asking daft prices for some of the worst shit holes you can imagine. Yet only a few years ago you could buy a shop with a flat above for 70K. Even land prices are manic. As for houses, fucking hell. I'm hoping we get a recession or a big crash, purely for selfish reasons like. Good luck getting a mortgage on a property if we enter a recession or have a big crash. Simpleton. Link to post Share on other sites More sharing options...
SAK Posted September 14, 2007 Share Posted September 14, 2007 f****** good, hopefully this will speed up a crash in the housing market. The current housing market bubble was caused by easy credit, with this now drying up a crash is now a possibility. Lax lending criteria and loans on extremely high income multiples have stocked house prices. With the markets spooked such lending practices are going to be reined in. Already other lenders such as Paragon (who specialise in Buy to Let) have decreased in share price.http://uk.finance.yahoo.com/q?s=PAG.L&m=L&d= The sector in general is down see Aliance and Liecster http://uk.finance.yahoo.com/q?s=AL.L and Bradford & Bingley http://uk.finance.yahoo.com/q?s=BB.L We've already had one small mortgage lender go bust just this week. http://news.bbc.co.uk/1/hi/business/6987620.stm Maybe this could be the begining? Link to post Share on other sites More sharing options...
McCormick Posted September 14, 2007 Share Posted September 14, 2007 A good time to buy? Could be. Share buying is a gamble. I don't work in the stock markets but a lot of what city traders do seem to be based on rumours. Dress up in a smart suit, stand outside the stock exchange and as the traders are all arriving for work, shout into your phone "Bank Of America are buying Northern Rock?" - Watch the share price rise. My share tip? Arms companies. There's always a war going on somewhere. blatantly republican I don't think so, I'm from Newcastle not the US. Anyway, the whole point of shares is trying to make money. You don't have to like the companies or what they sell. It's a fact of life that there are always wars. Not meaning to make an example of CoachHTT but "I'm hoping we get a recession or a big crash, purely for selfish reasons like." comment is a "look after number 1" attitude. The fact that if NR went bust 6000 local people (including a lot of NUFC supporters) would lose their jobs doesn't come into his equation. We all usually want what's best for ourselves. That's capitalism for you. dont worry.. the revolution is on its way Link to post Share on other sites More sharing options...
Guest Knightrider Posted September 14, 2007 Share Posted September 14, 2007 We are trying to buy or rent a commercial property at the moment and they're asking daft prices for some of the worst shit holes you can imagine. Yet only a few years ago you could buy a shop with a flat above for 70K. Even land prices are manic. As for houses, fucking hell. I'm hoping we get a recession or a big crash, purely for selfish reasons like. Good luck getting a mortgage on a property if we enter a recession or have a big crash. Simpleton. So no-one can get a mortgage on a property during a recession or a crash? Anyway, I don't really want things to get that bad because some of my friends and family members would be affected, and indeed myself in some ways, but a bit of a leveling off would be good. Even some common sense. The whole housing market is ridiculous and needs brought down a peg or two. If what is happening to Northern Rock and others does this then I'll be pleased. Link to post Share on other sites More sharing options...
Guest Knightrider Posted September 14, 2007 Share Posted September 14, 2007 f****** good, hopefully this will speed up a crash in the housing market. The current housing market bubble was caused by easy credit, with this now drying up a crash is now a possibility. Lax lending criteria and loans on extremely high income multiples have stocked house prices. With the markets spooked such lending practices are going to be reined in. Already other lenders such as Paragon (who specialise in Buy to Let) have decreased in share price.http://uk.finance.yahoo.com/q?s=PAG.L&m=L&d= The sector in general is down see Aliance and Liecster http://uk.finance.yahoo.com/q?s=AL.L and Bradford & Bingley http://uk.finance.yahoo.com/q?s=BB.L We've already had one small mortgage lender go bust just this week. http://news.bbc.co.uk/1/hi/business/6987620.stm Maybe this could be the begining? My mate works in finance and he's been telling me for years it's all gonna blow any day now, and while a few of his predictions seem to have come true, the big one hasn't, when things look like going wrong, it picks up again. They've been saying house prices will slow down for years. They've slowed down recently but will they pick up again? If the government keep spending millions on new homes and we keep bringing in immigrants, the demand will never run out. Now I don't understand any of it really, all I know is if you want to buy now, the market isn't in your favour and you'll be wanting things to go belly up, so that's what I'm waiting for, along with many others no doubt. Link to post Share on other sites More sharing options...
Thespence Posted September 14, 2007 Share Posted September 14, 2007 Years ago in North East when companies were having a shit time people were genuinely worried about the people who worked for these companies, how times have changed. Link to post Share on other sites More sharing options...
Thespence Posted September 14, 2007 Share Posted September 14, 2007 My share tip? Arms companies. There's always a war going on somewhere. There are loads of companies with that work in "going on somewhere" marketplaces. Link to post Share on other sites More sharing options...
Guest Knightrider Posted September 14, 2007 Share Posted September 14, 2007 Years ago in North East when companies were having a shit time people were genuinely worried about the people who worked for these companies, how times have changed. It all levels itself out for me so these things don't bother me. Link to post Share on other sites More sharing options...
Thespence Posted September 14, 2007 Share Posted September 14, 2007 I don't really want things to get that bad because some of my friends and family members would be affected Lets hope it doesn't as your pep talk "It all levels itself out" will go down like a lead balloon. Link to post Share on other sites More sharing options...
indi Posted September 14, 2007 Share Posted September 14, 2007 We are trying to buy or rent a commercial property at the moment and they're asking daft prices for some of the worst shit holes you can imagine. Yet only a few years ago you could buy a shop with a flat above for 70K. Even land prices are manic. As for houses, fucking hell. I'm hoping we get a recession or a big crash, purely for selfish reasons like. Good luck getting a mortgage on a property if we enter a recession or have a big crash. Simpleton. So no-one can get a mortgage on a property during a recession or a crash? Anyway, I don't really want things to get that bad because some of my friends and family members would be affected, and indeed myself in some ways, but a bit of a leveling off would be good. Even some common sense. The whole housing market is ridiculous and needs brought down a peg or two. If what is happening to Northern Rock and others does this then I'll be pleased. The housing market never levels off, it's either boom or bust, due to the majority of people being idiots. Link to post Share on other sites More sharing options...
gray Posted September 14, 2007 Share Posted September 14, 2007 is it bottled water and supernoodle time or what? Link to post Share on other sites More sharing options...
ChrisJbarnes Posted September 14, 2007 Share Posted September 14, 2007 this all happened with charlton last season didnt it? they one day changed from "allsports" to "llanera" on their shirts cos allsports went bust. im NOT buying another shirt, i literally just ordered the NR one off ebay! Link to post Share on other sites More sharing options...
madras Posted September 14, 2007 Share Posted September 14, 2007 f****** good, hopefully this will speed up a crash in the housing market. The current housing market bubble was caused by easy credit, with this now drying up a crash is now a possibility. Lax lending criteria and loans on extremely high income multiples have stocked house prices. With the markets spooked such lending practices are going to be reined in. Already other lenders such as Paragon (who specialise in Buy to Let) have decreased in share price.http://uk.finance.yahoo.com/q?s=PAG.L&m=L&d= The sector in general is down see Aliance and Liecster http://uk.finance.yahoo.com/q?s=AL.L and Bradford & Bingley http://uk.finance.yahoo.com/q?s=BB.L We've already had one small mortgage lender go bust just this week. http://news.bbc.co.uk/1/hi/business/6987620.stm Maybe this could be the begining? it's a good time to be cash rich as there is a good chance of a quick slump in share prices,not a recession or depression but some people who werent careful (overstretched themselves never thinking cheap credit could end and those poor sods who had to overstretch to get a roof over their heads) could get shafted. Link to post Share on other sites More sharing options...
Stu Posted September 15, 2007 Share Posted September 15, 2007 A good time to buy? Excellent time to buy. Providing you see the shares as long term investments and not short term. yeah.. get'em cheap and sell them 5 or so years on Buy 'em now, there's a good chance Northern Rock will be taken over by one of the bigger boys (possibly american) Link to post Share on other sites More sharing options...
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