Did you buy Northern Rock In 2007?

lmukimberley · Jan 22, 2011

Did anyone buy Northern Rock in September or August 2007?

If you did what influenced you? Was it the media, the fact the price got so low or even because your workmates bought them? or something else perhaps?

I am completing a dissertation in investment psychology and am interested in why you chose to purchase them.

****Please be aware that by posting the below you are agreeing the answers you give to the researcher being used in an undergraduate research study at Leeds Metropolitan University. Please message me if you wish to be excluded or require any further details. Your help with this project is very much appreciated****

Pazienza · Jan 22, 2011

lmukimberley said:
Did anyone buy Northern Rock in September or August 2007?

If you did what influenced you? Was it the media, the fact the price got so low or even because your workmates bought them? or something else perhaps?

I am completing a dissertation in investment psychology and am interested in why you chose to purchase them.

****Please be aware that by posting the below you are agreeing the answers you give to the researcher being used in an undergraduate research study at Leeds Metropolitan University. Please message me if you wish to be excluded or require any further details. Your help with this project is very much appreciated****

I didn't, but I will pay you for the names and contact details of anyone who did. I have some tulip bulbs that they might be interested in.

Alternatively, if they like real bargains I've got some early 20th century US railroad stocks that are bound to go up, they're so cheap.

spreader_legger · Jan 22, 2011

Pazienza said:
I didn't, but I will pay you for the names and contact details of anyone who did. I have some tulip bulbs that they might be interested in.

Alternatively, if they like real bargains I've got some early 20th century US railroad stocks that are bound to go up, they're so cheap.

Go on Pazienta .... why don't you admit it! you bought & bag holded them

Pazienza · Jan 22, 2011

spreader_legger said:
Go on Pazienta .... why don't you admit it! you bought & bag holded them

Can you blame me? The price was so low, and then the media was all over them. When my colleagues at work started buying them...well, what else could I do?

shadowninja · Jan 22, 2011

I know a couple of people who bought tens of thousands of pounds worth. "It's 300p. It can't possibly fall any further!" was the mentality before it dropped to 90p, bounced to 150p then disappeared.

Martinghoul · Jan 22, 2011

lmukimberley said:
Did anyone buy Northern Rock in September or August 2007?

If you did what influenced you? Was it the media, the fact the price got so low or even because your workmates bought them? or something else perhaps?

I am completing a dissertation in investment psychology and am interested in why you chose to purchase them.

****Please be aware that by posting the below you are agreeing the answers you give to the researcher being used in an undergraduate research study at Leeds Metropolitan University. Please message me if you wish to be excluded or require any further details. Your help with this project is very much appreciated****

I didn't, but I know some who did. In an overwhelming majority of cases people who did this were driven by the same old well-known behavioural biases.

lmukimberley · Feb 9, 2011

If any one has a free ten minutes please could you complete my survey on this issue.....Thanks.

http://www.surveymonkey.com/s/QFV38ZZ

nunrgguy · Feb 9, 2011

I shorted it and still lost money. Got slipped like a mofu

arabianights · Feb 9, 2011

I didn't, but i'd be interested in looking at the dissertation when you complete it. Will this be possible?

May I suggest broadening this to some of the banking stocks in 08?

arabianights · Feb 9, 2011

nunrgguy said:
I shorted it and still lost money. Got slipped like a mofu

How could you possibly have lost money shorting it?

Pazienza · Feb 9, 2011

nunrgguy said:
I shorted it and still lost money. Got slipped like a mofu

ROFLMFCO!

:clap:

Hotch · Feb 10, 2011

Pazienza said:
I didn't, but I will pay you for the names and contact details of anyone who did. I have some tulip bulbs that they might be interested in.

Alternatively, if they like real bargains I've got some early 20th century US railroad stocks that are bound to go up, they're so cheap.

Gordan Brown

Some ****hole in Scotland

nunrgguy · Feb 15, 2011

arabianights said:
How could you possibly have lost money shorting it?

Cos even when its going down it still goes up n down. Entry slipped by large amount, then it comes pretty much to where you expect but it's going to wipe out your account unless you close way before it gets there. It was a punt and I got hammered

lmukimberley · Feb 20, 2011

arabianights said:
I didn't, but i'd be interested in looking at the dissertation when you complete it. Will this be possible?

May I suggest broadening this to some of the banking stocks in 08?[/QUOTE

Some of the findings from my dissertation will be published in a few publications so I will let you know when they will be published.

Thanks all for your help

arabianights · Feb 20, 2011

awwww... can't you slip a copy to us in advance on the sly? It'd be like peer review, except I'm not your peer, I'm your superior...

futuresforex · Feb 25, 2011

lmukimberley said:
Did anyone buy Northern Rock in September or August 2007?

If you did what influenced you? Was it the media, the fact the price got so low or even because your workmates bought them? or something else perhaps?

I am completing a dissertation in investment psychology and am interested in why you chose to purchase them.

****Please be aware that by posting the below you are agreeing the answers you give to the researcher being used in an undergraduate research study at Leeds Metropolitan University. Please message me if you wish to be excluded or require any further details. Your help with this project is very much appreciated****

Even if everyone has access to the same information in the same amount of time human beings interpret the information differently. Some people can get the same information, at the exact same time, but interpret it differently, sometimes very differently. They can come up with many different conclusions as to the best course of action. For example even in the months preceding Lehman's and Bear Stearns collapse, there were some firms that judged doing business with them to be too risky, while there were other firms that still did business with them as they thought everything was fine.

While some people may think the price collapse was due to temporary losses or manageable losses, they therefore think the price is a bargain.

Other people may have looked at the same information and said, I do not want to buy, because they will be trying to catch a falling knife. They may have thought the losses or potential losses in the future would of made them insolvent.

Everyone interprets things differently. That is what makes a market.

aj7harrison · Mar 10, 2011

i bought at the end of Sept '07, as I thought the outlook for a buyout was strong.

Did you buy Northern Rock In 2007?

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