Thursday, August 16, 2007
Knives are out for the Rock
Northern Rock seems to be a huge contradiction to press releases from the usual VI suspects. We are led to believe that the property market in the main looks reasonable bouyant but Northern Rock at present looks to be suffering. Currently it is now the most shorted banking stock in the sector and most analysts are selling its shares. However, Northern Rock are not alone with Bradford & Bingley, the buy-to-let specialist also taking heavy loses.