Hooray! I’m a city financial whizkid
Monday, November 26th, 2007I risked nearly £500 of my hard-earned quids at the end of last week by buying some Northern Rock shares at what I decided MUST be the rockest, bottomest price they could go to. Unless they went into liquidation. And surely that couldn’t happen? As soon as a solution to the problem raised its head (ie a buyer was found), the price would shoot up surely? And boink!!! The boy Branson’s offer bounced the share price by 50%! I sold the shares again this morning and made nearly £250. Then I promptly rang up Northern Rock and paid my November mortgage payment partly with that money. Is that robbing Peter to pay Paul? It’s definitely robbing someone - the unfortunate Northern Rock shareholders probably. Damn spivs.
