More importantly, did Vicky buy any?

This must be one of the best bits of advice I have manageds to give on here - in hindsight!

Mr big:

Why?

If I had a hundred grand I would!

How many shares did you pick up?

Would you buy them if you had 1 grand?

Northern Rock are the most unstable stock on the market.  No-one knows if they will be bought or not and at what knock down price.  Private shareholders are likely to come off worst if anything goes wrong.

They are currently fluctuating daily by a huge percentage.  Just because a share has fallen dramatically in price does not make it cheap.  Sometimes it has fallen because it isn't worth what it was and in this case is most likely.

Share purchases should be considered and evaluated.  It is not possible to do that with NR because of the state it is in.  What is the P/E ratio?  Dunno because we have no idea of the profits going forward.
What is the Yield?  No idea, because one day they are paying a dividend and the next it is dropped.

Vicky started by saying she has never bought shares.  In this case it is a reasonable assumption that NR is attractive to her because she thinks that as they have dropped so much, they must be good value.

For a first dip into the Stockmarket she should go for a FTSE tracker.  Even if determined to buying shares in single companies I'd suggest looking at the other banks that have been brought down by the debacle over NR.

So, in answer to Vicky subject question - No.

In answer to her message - I think you'd b making a very big mistake.

Even if by some miracle, you made money on this, all it would do is make you believe you can do it more often.  At some point, you will lose your money.
 

Why?

If I had a hundred grand I would!

Hi

 I have never purchased any shares before and i was considering buying some northern rock shares

 what do you think?

 thanks

Vicky