Crocodile
- 06 Nov 2003 21:44
Premarket Futures |
FTSE +23 |
DAX +18 |
DOW +7 |
S&P +0.7 |
Nasdaq -0.5 |
News: |
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US Stocks closed higher following the good results from Cisco
and what is expected to be a strong labour market report tomorrow
Scottish and Newcastle said its 50 percent owned
Baltic Beverages Holding in Eastern Europe, one of its key growth
businesses, saw third-quarter sales in euros rise one percent.
Cookson Group electronics and ceramics engineering
said that activity in its markets improved in Q3 and it made a profit. It
expects to meet market expectations for the year.
EasyJet said it carried 1.92 million passengers in
October, up 17.8 percent from the same month last year and its passenger
loadings were 85.5 percent, up from 83.8 percent.
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Calendar:
United Kingdom |
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United States
(GMT) |
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Europe & World (GMT |
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AQXL Ricardo (I),
Shire Pharmaceuticals (Q3), EasyJetInvox (AGM), Pochin's (AGM)
Quayle Munro (AGM), Thomas Walker (AGM)Q3 insolvency statistics (09:30)
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13:30 Average Workweek
13:30 Hourly Earnings
13:30 Nonfarm Payrolls
13:30 Unemployment Rate
15:00 Wholesale Inventories
20:00 Consumer Credit |
Ahold NL Q2
Comdirect D Q3
Deutsche Post D Q3
TotalFinaElf F Q3 |
washlander
- 07 Nov 2003 09:11
- 10 of 33
I feel one of the reasons we lag so far behind the US [I talk as a private investor] and the reasons we are so far in debt. Hence the interest hike, is because we are so heavily taxed in this country. This makes it very difficult to save. Consequently people resort to various forms of credit and remortgaging to raise finance. In turn this has a bigger effect on the investment market on the whole. The private investor is that much more cautious as they know how hard it was to come by that free cash so to speak. That is partly why I feel we lag so far behind the US.
Melnibone
- 07 Nov 2003 09:39
- 12 of 33
That looks like it could be the mornings top to me.
BARC and AV. reluctant to go much above 500p
RBS didn't make R2.
FTSE still around R2
Melnibone
washlander
- 07 Nov 2003 09:41
- 13 of 33
It is the psych in the US. If people go bankrupt they are appauled for getting back on their feet not treated as a pariah which seems to be the case over here.
Their economy is far far greater shape then we are and they did it by dropping taxes and not increasing it as seem to be the case over here. It appears that when ever this goverment and successive goverments make errors they just raise taxes.
Makes it very hard for the small investors to raise excess cash through savings.
Melnibone
- 07 Nov 2003 10:11
- 16 of 33
BT.A is a sore point with me.
Got my timing wrong there and only took a small profit.
I had my opportunity to rebuy lower but misjudged the market.
Never mind, the market and it's opportunities will always be there.
Melnibone.
Melnibone
- 07 Nov 2003 11:06
- 18 of 33
I tend to use manual stops. I don't trust the way these wierd spikes
tend to happen that take positions out.
Getting very reluctant to take long positions at the moment.
Markets are just too near the highs for comfort.
I know that you should follow the trend but I would prefer these
levels to become the lows of a new leg up.
I'm starting to get the feeling that this is the top of the current
leg. May start looking to short the FTSE on strength.
Definitely not buying anything prior to the payroll numbers and seeing
the markets reaction today and possibly Monday.
Melnibone
Crocodile
- 07 Nov 2003 12:26
- 20 of 33

My new Grandson Zander with me this morning :-)
Snappy & Nappy (Thanks Vasey)
zarif
- 07 Nov 2003 13:04
- 22 of 33
Afternoon everybody:
Reckon the dow is going to hit 9950++ today??? and then take a nose dive.
I hope so.
good luck everybody
zarif
zarif
- 07 Nov 2003 13:39
- 24 of 33
yep -little woman.
Just took a long out pre-open and closed with 30pt gain netting 150.
now just watching on the side lines
Melnibone
- 07 Nov 2003 14:58
- 25 of 33
Looks like the US markets are doing a bit of gap filling
from where the futures left it higher than yesterdays close.
Wonder where it will go from there.
Payroll figures apparently priced into the FTSE this morning,
that's what threw me and put my timing out.
Payroll numbers were good but the make up isn't.
Manufacturing down but service industry(Wal Mart and fast food);-),
up. This what makes them look good.
Can't get a feel at the moment so I'm just watching.
Melnibone
Melnibone
- 07 Nov 2003 15:08
- 27 of 33
US gaps now filled and FTSE back below R2.
Looks like we were right not to buy yet.
I still think that all the good news is priced in
and the Indices are all approaching areas of major
resistance.
Time for care for position trades.
Melnibone
stockbunny
- 07 Nov 2003 16:04
- 28 of 33
Ahhh love Croc. Junior - I know he's a grandson but I like the name croc junior!
Hope all you chaps and chapesses have a good afternoon and bag some cash somewhere! I don't 'short-term'or day trade as most know, but its interesting watching you lot and maybe at some point I'll move into short-term/day trading.
Its a good learning experience in the meantime, whlist I stick to my medium
term trading habits!!
Melnibone
- 07 Nov 2003 16:22
- 29 of 33
Hi stockbunny,
Shrewd move, stick with the strategy that you feel comfortable
with and makes you money.
When you boil it down it's all the same. The only difference
is the timespan between your buy and sell. Be it minutes, hours, days,
weeks or years.
Melnibone