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Previously on "Northern Crock holders, how you feelin' today ?"
There's not a cat in hells chance that the majority shareholders (Lloyds, Barclays, A+L, BoA) would accept 80p per share since most were purchased at over £2.
I agree that this is a highly volatile stock right now but I think they're past the worst. Share price is up today despite yesterday b0llocking from MPs (whatever that means). I would have thought that they'll be consumed by one of the big boys in a couple of months after the media debacle has settled - they won't touch it yet as the brand has taken such a hammering.
If NRK goes down it will mean that there are fundamental flaws with the banking model in this country and it will have major repercussions. You may feel that the model is flawed (and it may well be) but it's the same for a lot of the institutions. This will not be allowed to happen.
Sentiment: Hold (for now at least)
P.S. Yes I have stock but at well below todays price!
Edit: I have plenty of cream to put on my humble pie when this thing tanks.
Last edited by Pondlife; 17 October 2007, 08:48.
Reason: Humility
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