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Traders Thread Monday 19th July 2004 (CROC)     

Martini - 18 Jul 2004 13:29

ThePlayboy - 19 Jul 2004 08:36 - 10 of 18

Here here time to step up to the plate mel:)

Douggie - 19 Jul 2004 09:01 - 11 of 18

mornin all

little woman - 19 Jul 2004 09:53 - 12 of 18

Morning all

Big Al - 19 Jul 2004 09:54 - 13 of 18

Morning punters.

Lobbed TFC flat, JKX +2 avg, longed AQP and covered LLOY long +3.

Think that about covers it, but MRS gonna be a fiver by Xmas - I'm a bit long. ;-))))

stockbunny - 19 Jul 2004 10:31 - 14 of 18

Thanks to Kyoto for the thoughts, very interesting.
Hope the sun is shining on one and all, if not actually, then financially!

Melnibone - 19 Jul 2004 11:22 - 15 of 18

Morning all.

Low volume messing about while we wait for US guidance seems to
be the order of the day.
Big week for S&P earnings, this. Should give a clearer picture
of future earnings and likely direction. Current earnings are
already built in, so look for the guidance, not the headline
numbers.

Won't be able to post as much for a few weeks. Is that a big sigh
of relief, I hear?

Got a big project on at home. Replacing all the carpets with laminate
wood flooring. Lot of work involved there, and I need to pace myself
as I carry on recovering from an illness for a few years yet. Well
that's what the specialist told me last year, so we'll see.

Watching the market on Bloomberg while I work, and nipping in to take
the odd trade when I see a possibility and do the odd post.

I'll do a 'thoughter' for you sometime, God knows why you want me.
There's no accounting for taste, is there? :-)
But it will have to be when I can fit it in.

Melnibone.

Martini - 19 Jul 2004 14:21 - 16 of 18

Cheers Melnibone
Good luck with the project.
M

Big Al - 19 Jul 2004 19:44 - 17 of 18

Decent day here. LLOY weekend trade closed at first 398p peak for +3, MRS went and closed at a new high (fiver by August!), opened a couple of AQP longs and still holding, but it got sold off, FTC tried to plummet again and failed (it will soon), lobbed TFC and JKX, SBT went up, RPT went down (still holding both), went long WBY and short LAC. PLR buggered about as usual and went short AZM very late.

Failed to chase TIG (t*t!)

Finding myself chasing trades at the moment, which is not good. Getting over-confident so looking to cut a few and sit on the good ones.

S&P really threatening to give a good break of the 200d SMA - it needs to make an upmove methinks or a few bets are off!

Melnibone - 19 Jul 2004 22:00 - 18 of 18

Evening all.
I'm cream-crackered. I would say something else, but I believe there
are ladies present.:-)

I never knew you could fit so much stuff into one room until I came
to shift it all. I'm fed up with removing those 'orrible spikey
carpet grippers as well. It's like juggling with porcupines.

Market drifted a bit on lowish volume. Nothing to write home about
and we're still in the range.

US didn't exactly crash, either. Looks pretty flat to me.
Greenspan waffling for the next two days. I wonder if
he'll upset the apple cart again.

Banks still dropping.
LLOY down to 392p now. The yield must be over 9% on this little
devil. Bet you're glad you never bought at 414p, stockbunny, as you
were musing about. If you did, I'll never speak to you again after
sorting out all those warning charts for you!
Only joshing. You do what you want to do. :-)

GSK is making a meal of hitting 1000p. I'm getting tempted.
To give some percentage perspective at these level, it's the same
as saying I'd buy ARM at 100p but not 104p. I need to think about
that. I'm in danger of being pedantic here.

MRW holding support well at 180p. The Brandes buy on Friday stopped
the rot here, IMHO. Got the Bears worried, poor things.
Still got my eye on that big gap down open that is begging to be filled.

OOM getting more friendless every day. Bit concerned it was downgraded
by Brokers. Don't trust that lot as far as I can throw them. If they
want a stock to come down it's for a reason that will suit them, not us.
Watching for a buying opportunity. This one is starting to throw off
cash and will be snapped up one day by someone wanting a stake
in the European Mobile sector. There's no room for new players.

VOD just below resistance on the 1p close price P&F chart.
I'd like to see it close at 115p and bounce.
VOD is a quality cash cow with plenty of growth potential via organic
3G and aquisitions. Don't ignore its potential just because it's
the world and its dog favourite trading stock.

Try and catch you tomorrow sometime if my aching knees let me hobble
to the keyboard.
Feel free to shift this post to tomorrows thread if you want, Martini,
if you think it's appropriate.

Stay loose and don't play the range break until it happens guys and gals.
Don't want to get caught shorting at the bottom do you?
If it does break, it'll come back to have a quick retest anyway and
give you a safer entry point.

Melnibone.
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