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What's With A&l Being Down 15% In The 1st 2 Hours Trading?

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Indeed, most other banks are off by sub 5% but A&L is getting a severe kicking for no obvious or apparent reason.

Sympathetic = 5%

:ph34r::ph34r::ph34r::ph34r: = %15

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That caught my attention as well, I assume it is a sympathetic sell off, but maybe someone somewhere knows something???

Or maybe people know that other people are stampeding like dumb animals, and want to be ahead of the stampede? Why do you think it MEANS anything? This site is OBSESSED with the notion that "somebody knows something", "rumours I'm hearing" etc. I bet most posters on here who post "according to rumours I'm hearing" have just read some pap article in one of the online newspapers and recycled it on here, dressing it up like they've got some sort of "inner circle" city knowledge or something.

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Isn't it because A+L and B+B are in a similar 'basket' as NR. That being, they are heavily geared in the mortgage market, albeit not on the same scale.

Roost, home, coming to, chickens ;)

EDIT:Bit touchy for a neither arent we Levy?

Edited by Rover

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I transfered money out of A&L recently, I dont think it is in trouble but as a precaution, you can't be too careful

nowadays.

I moved the money to Bradford & Bingley :o

Just kidding.

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Or maybe people know that other people are stampeding like dumb animals, and want to be ahead of the stampede? Why do you think it MEANS anything? This site is OBSESSED with the notion that "somebody knows something", "rumours I'm hearing" etc. I bet most posters on here who post "according to rumours I'm hearing" have just read some pap article in one of the online newspapers and recycled it on here, dressing it up like they've got some sort of "inner circle" city knowledge or something.

Thats ok because half the people here long ago converted their money into gold bullion which theyve placed in a kryptonite lined lead box in a blast bunker under their garden shed. In the unlikely event that every single bank hasnt gone bust by 2009 , rendering printed currency worthless, some members also have a Post Office account book hidden in their survival back packs.

Duck and Cover!

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Guest Popalot
Or maybe people know that other people are stampeding like dumb animals, and want to be ahead of the stampede? Why do you think it MEANS anything? This site is OBSESSED with the notion that "somebody knows something", "rumours I'm hearing" etc. I bet most posters on here who post "according to rumours I'm hearing" have just read some pap article in one of the online newspapers and recycled it on here, dressing it up like they've got some sort of "inner circle" city knowledge or something.

Did you read any of the papers yesterday, virtually setting up A&L and B&B as in the same set as NRK...? Of course you did. Can I suggest landlord.co.uk as an alternative pastime for you, you are clearly so at odds with this site. ;)

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Isn't it because A+L and B+B are in a similar 'basket' as NR. That being, they are heavily geared in the mortgage market, albeit not on the same scale.

Roost, home, coming to, chickens ;)

Yep. A&L and B&B operate under the same business model, though less extreme, as Northern Crock. As that model has been shown to be deeply flawed in current market conditions you would expect their share price to be re-risked

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Guest Popalot
Jasmine Birtles has just stated on BBC News 24 that both A & L and B & B are apparently doing very well with taking money withdrawn from NR.

So perhaps not everybody has read the papers.

Yes, that is what A&L and B&B are telling the BBC....who are being told by Stalin to keep the public calm. Anyone with a smidgeon of sense would take the money to a low exposure bank.

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Or maybe people know that other people are stampeding like dumb animals, and want to be ahead of the stampede? Why do you think it MEANS anything? This site is OBSESSED with the notion that "somebody knows something", "rumours I'm hearing" etc. I bet most posters on here who post "according to rumours I'm hearing" have just read some pap article in one of the online newspapers and recycled it on here, dressing it up like they've got some sort of "inner circle" city knowledge or something.

But they've been right so far, havent they?

Isn't it because A+L and B+B are in a similar 'basket' as NR. That being, they are heavily geared in the mortgage market, albeit not on the same scale.

Roost, home, coming to, chickens ;)

Yes - they use similar models but to a lesser extent.

I transfered money out of A&L recently, I dont think it is in trouble but as a precaution, you can't be too careful

nowadays.

I moved the money to Bradford & Bingley :o

Just kidding.

:lol::lol::lol:

Jasmine Birtles has just stated on BBC News 24 that both A & L and B & B are apparently doing very well with taking money withdrawn from NR.

So perhaps not everybody has read the papers.

What good would reading the papers do?

They have said sweet FA about the problems that caused all this mess.

Now they are reporting what happened last week.

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Yes, that is what A&L and B&B are telling the BBC....who are being told by Stalin to keep the public calm. Anyone with a smidgeon of sense would take the money to a low exposure bank.

Exactly, I am CHAPSing my money out of B&B as we speak, even reading extensively this site I am not fearful of loosing my money just doing my bit to help prevent irresponsible lending. :rolleyes:.

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Or maybe people know that other people are stampeding like dumb animals, and want to be ahead of the stampede? Why do you think it MEANS anything? This site is OBSESSED with the notion that "somebody knows something", "rumours I'm hearing" etc. I bet most posters on here who post "according to rumours I'm hearing" have just read some pap article in one of the online newspapers and recycled it on here, dressing it up like they've got some sort of "inner circle" city knowledge or something.

I doubt it is based on data such as how much is getting withdrawn. Surely as we all know that Northern Rock is the only one that is effected by a problem caused entirely by the US and not one sub-prime mortgage has been sold in the UK (Thanks for the info Darling) then more money will be pouring into the other banks etc because the crowd will only know about NR and not compute that the problem is far deeper.

The city however does know that this problem is very deep indeed and the UK is sitting on a subprime timebomb.

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Guest Shedfish
Yes, that is what A&L and B&B are telling the BBC....who are being told by Stalin to keep the public calm. Anyone with a smidgeon of sense would take the money to a low exposure bank.

currently doing exactly that.

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Jasmine Birtles has just stated on BBC News 24 that both A & L and B & B are apparently doing very well with taking money withdrawn from NR.

So perhaps not everybody has read the papers.

Suckers, jumping out of the frying pan into the fire.

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Or maybe people know that other people are stampeding like dumb animals, and want to be ahead of the stampede? Why do you think it MEANS anything? This site is OBSESSED with the notion that "somebody knows something", "rumours I'm hearing" etc. I bet most posters on here who post "according to rumours I'm hearing" have just read some pap article in one of the online newspapers and recycled it on here, dressing it up like they've got some sort of "inner circle" city knowledge or something.

Well all I can say is 15% down on huge volume suggests institutional selling, and they are the sort of someone's who make a difference. You don't need to read UFO weekly to be able to read between the lines and come to a conclusion that may to some appear obsessive, sometimes the facts and figures speak for themselves. You do what you like, trust what the banks and the government tell you if that is your way, I am not trying to tell you or anyone else what to do, personally I will follow my own council and take responsibility for my sucesses and failures. however if I see something that concerns me I will share it with likeminded people who may be interested. :P

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No queues outside A&L/B&B in Cambridge this lunch - but an ever increasing one outside Northern Rock. I have asked for ISA transferral forms from NS&I and hope I have time to do this before the ball starts rolling on A&L...

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Isn't it because A+L and B+B are in a similar 'basket' as NR. That being, they are heavily geared in the mortgage market, albeit not on the same scale.

Roost, home, coming to, chickens ;)

EDIT:Bit touchy for a neither arent we Levy?

I'm not touchy. Personally none of what's going on really affects me that much. The only way it might is through rising unemployment, but there's only two rates of unemployment that matter: 100% and 0%, and they are set by whether one has a job or not. Macroeconomics are interesting for strategic planners, but are merely a shift in probabilities for the man in the street.

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Did you read any of the papers yesterday, virtually setting up A&L and B&B as in the same set as NRK...? Of course you did. Can I suggest landlord.co.uk as an alternative pastime for you, you are clearly so at odds with this site. ;)

:lol::lol::lol::lol::lol::lol::lol:

HA HA HA! Believe what you like. I'm not a landlord. I can't ever imagine myself wanting to be either. You're cracking me up. Every time I post on here at the moment somebody shouts BTL landlord at me.

LOL!

Edited by Levy process

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Or maybe people know that other people are stampeding like dumb animals, and want to be ahead of the stampede? Why do you think it MEANS anything? This site is OBSESSED with the notion that "somebody knows something", "rumours I'm hearing" etc. I bet most posters on here who post "according to rumours I'm hearing" have just read some pap article in one of the online newspapers and recycled it on here, dressing it up like they've got some sort of "inner circle" city knowledge or something.

Why are you on here if you think it's OBSESSED with rumours.

You'll learn a lot more here than in any newspaper (your posts excluded, of course).

There have been rumours on here about Northern Rock for ages - were they wrong?

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