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Traders Thread - Wednesday 3rd December (GSK)     

Crocodile - 02 Dec 2003 21:50

Premarket Futures FTSE -4 DAX -12 DOW -2 S&P -0.5 Nasdaq +1

1 Day 2 Day 5 Day - UK News

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FTSE 250

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FTSE Small Cap

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FTSE TechMark

1 Day 2 Day 5 Day  Futures  US News

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Nasdaq 100

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S&P 500

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S&P Futures

DAX / CAC    Euro News

Nikkei -50   Hang Seng +39 Asia News

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10 Year Bond

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UK/US charts have 1,2 or 5 day views. and now FT NEWS & Price link to UK, US & Asian markets. The Dax/CAC and Nikkei/Hang Seng are now switchable
News: Sorry Your browser is not java capable  

US Stocks suffered a mild round of profit taking today after hitting new 2003 highs the day before.

United Utilities said profits grew 4.4 percent from a year ago, towards the top end of analysts expectations. Profit grew to 171 million pounds from 163.8 million a year ago.

Serco Group said it continued to trade strongly and in line with market expectations. The company manages and operates call centres, speed cameras and prisons for government bodies, said in a statement: "In addition, there continues to be a good flow of new bids and opportunities for the Group, both in the UK and overseas and it expects to hear news, in the short term, on bids worth 7.5 billion poundsJarvis said it had won a contract worth 263 million pounds with Norfolk County Council, eastern England, to improve up to 39 Norfolk schools.

Rank Group launched a 150 million pounds convertible bond issue on Wednesday to refinance existing debt maturing in 2008. The new issue would be convertible into about 42 million new Rank shares

Wolverhampton & Dudley Breweries Britain's biggest regional brewer reported a 1.2% dip in annual profits to 73.1 million pounds but said it had made a good start to its new financial year.

Tesco said the interest rate rise by the Bank of England (BoE) last month had not yet had a big effect on consumers

De Vere Group hotels posted a five percent rise in annual profit to 39.7 million pounds slightly above expectations and said recent booking trends were encouraging, though trading conditions remained volatile.

ukf.gif Calendar: United Kingdom
usf.gif United States (GMT)
euro.gif Europe & World (GMT

De Vere Group (F) PBT 38.7m exp. United Utilities (I) PBT 168m exp. Wolverhampton & Dudley (F) PBT 72.5m exp, Upholstery (F), Wagon (I) Expro International (I), Mentmore (I), Reliance Security (I), RPC Group (I), ScSGlaxSmithKline research and development day

British Airways Nov Traffic Figures

08.30 Chancellor Brown Addresses European Finance Convention

09.30 Nov CIPS Services PMI 59.0 exp.

11.00 Nov CBI Distributive Trades 26.0 exp.

Mandalay, QwCommunication (Q)

13.30 3rd Quarter Final Non-Farm Productivity 9.2% exp. 13.30 3rd Quarter Final Unit Labour Costs 5.6% exp. 15.00 Nov Non-Manufacturing ISM 64.0 exp.

Europe: KLM (Traffic)

08.55 Nov German BME Services PMI 54.5 exp. 09.00 Nov BME Services PMI 56.5 exp.

11.00 3rd Quarter GDP Estimate q/q 0.4% exp.

11.00 Commission Publishes 4th & 1st Quarter GDP Forecast

Ex Dividend: 3i Group (5.1), Anglo Irish Bank (EUR 0.1393), Bank Of Ireland (EUR 0.148), Big Food Group (1.1), Body Shop International (1.9), Bodycote International (2.25), Caledonia Investments (8.4), Cranswick (4.4), Croda International (4.02), Daily Mail & General (6.85), Diploma (10), Greencore Group (EUR 0.0758), Helical Bar (6.6), Hill & Smith Holdings (2.15), Johnson Matthey (8.2), Land Securities Group (9.9), London Merchant Securities (2), London Stock Exchange (1.4), Majestic Wine (4.5), Merchant Retail Group (0.75), Pilkington (1.75), SABMiller (US$ 0.075), South Staffordshire (6.1), TBI (0.7), Tate & Lyle (5.6), Town Centre Securities (3.85), United Drug (EUR 0.0297)

Croc@SnappyTrader.com  WWW.SnappyTrader.com

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little woman - 03 Dec 2003 09:42 - 11 of 35

Morning all again

Must try and stop these late nights!

Halifax says house prices up 14% year on year. That's what I like to hear!

Fundamentalist - 03 Dec 2003 09:46 - 12 of 35

GSK have announced intentions to launch 16 significant product filing in 2004/5, has 147 products in clinical development of which 98 are Phase II or III (full release within the news section). This appears to have had a minimal effect on the share price.

Melnibone - 03 Dec 2003 11:32 - 13 of 35

Talk about marking time.

My FTSE 5 min chart looks like a flat line on a
heart rate monitor.
Is it still alive?

Off to get some stuff done.
See you all when the US opens.

Melnibone.

little woman - 03 Dec 2003 11:44 - 14 of 35

I know what you mean - I'm catching up with my filing at the moment!

One of my small high risk punts just produced some good News! http://moneyam.uk-wire.com/cgi-bin/articles/200312031126428059S.html

little woman - 03 Dec 2003 12:01 - 15 of 35

GSK now down 30p

Fundamentalist - 03 Dec 2003 12:20 - 16 of 35

GSK becoming painful if you're long (like me! - ouch). Hopefully they're saving the better info for later in the presentation but I am starting to become more than a little concerned.

little woman - 03 Dec 2003 13:36 - 17 of 35

No, I sold out a while ago, and have been waiting for it to drop before buying again!

little woman - 03 Dec 2003 14:23 - 18 of 35

VRD recoving a good chunk of the drops of the last few trading days!

ajren - 03 Dec 2003 14:38 - 19 of 35

Hi everyone,
This site is - in my opinion - the best on the board in regards to everyone
seems to be businesslike in a friendly way and nothing is Personalised rgds aj

stockbunny - 03 Dec 2003 14:54 - 20 of 35

At least today it seems the profit-taking has ceased on HBOS
after yesterday's vulture-like performance! MLC climbing on
the back of De Vere's results (sorry guys don't know the epic for
that one!) LLOY can't quite make up its mind if its 'playing' today
or not - currently neutral at 00.00 and MKS looking healthier today.
If the dollar doesn't pull up on the Euro will it be tears be
the end of the week??? 10 to 1 we don't get another interest rate
rise announced tomorrow..

ajren - 03 Dec 2003 14:57 - 21 of 35

Gold is down so the dollar might be strenghening/or will. aj

ajren - 03 Dec 2003 15:01 - 22 of 35

Ref goldprice Thread aj

Melnibone - 03 Dec 2003 15:04 - 23 of 35

ISM has come in weaker than expected at 60.1

Markets are selling off a bit.

Bonds rising a bit.

Melnibone

Melnibone - 03 Dec 2003 15:31 - 24 of 35

As I said earlier today, the markets may just bounce
around in a range until the employment numbers on Friday.

It looks like this may be happening.
Dow/S@P/FTSE have all tested resistance and failed to go through.
If the market can't make money one way it won't just sit there,
it will try it the other way.

Looks like Bears will make some short money by taking stuff away
from the highs.

Decided to back my view and sold my longs at FTSE 4400.
Expecting to buy them back cheaper.

It's working nicely on BT.A but LGEN is proving stubborn.
Any Bears out there fancy a short on LGEN, please feel free. ;-)

Melnibone.

zarif - 03 Dec 2003 16:06 - 25 of 35

hi melnibone -creamed the dow on a short b 4 for 1000 smackeroons. Happy with that as had been stopped out on EUR/USD.earlier in the day 100.
Have got another short open on the dow and will get the profits asap and be happy hopefully.
good luck today

zarif

little woman - 03 Dec 2003 16:07 - 26 of 35

I'm really annoyed, PSN dropped suddenly and my stop loss kicked in and the share promptly went back up! After it did the same thing last month so this time I put the stop loss with a bigger gap - but has still not made any difference. I just hope the price drops back so I can pick them up cheap again.

Melnibone - 03 Dec 2003 16:15 - 27 of 35

Well done zarif.

Looks like we both want the markets to retrace a little.

As long as we are enjoying ourselves and making more
than we lose, then that's what matters as far as trading
is concerned.

This is really just a big game, I have trouble taking it all
too seriously.

Melnibone

Melnibone - 03 Dec 2003 16:36 - 28 of 35

Well, I could have bought BT.A back cheaper and LGEN
back at evens, but I haven't.

I don't like it when the FTSE closes in this situation.

The S@P/DOW are up near their highs and resistance at
1073/9920. There is a good chance of a pullback before
the close at 2100 hrs.(Assuming we don't get a breakout
that I miss) :-(

If this occurs, it will put pressure on the FTSE to gap
open lower tomorrow morning which would give cheaper
prices.

Guess I'll find out. :-)

Melnibone

zarif - 03 Dec 2003 16:46 - 29 of 35

melnibone these were my thoughts which i posted on the dow thread.
U r quite right about the 9920/9930 area.

The range on the Dow l see for today is 9830-9920, estimate for Wednesday 9870-9940
Thursday 9900-9970. Friday is the day when we should be falling back but the day will be led by unemployment figures in the US

Anyway these are solely my guesstimates and please DYOR & NAG.

lets see what it throws at us.Could be avolatile session hence give us some opps both ways.
rgds
zarif

Druid2 - 03 Dec 2003 18:30 - 30 of 35

Opened longs on LGEN 99p and BAA 465p today. Also have limit longs on them at 95p & 455p to average if they drop. Nice rise EZJ today - hoping to hold up to 500p.
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