Crocodile
- 04 Feb 2004 02:02
UK PreMarket Futures |
FTSE -12 |
DAX -30 |
DOW -38 |
S&P -4.3 |
Nasdaq -9.8 |
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US. stocks closed barely changed after
see-sawing on both sides of breakeven throughout the session as investors
took in the discovery of a poisonous substance in a U.S. Senate mail room.
Cisco had better-than-expected sales and earnings but its stock fell back.MmO2 mobile phone company, said it had won 855,000 new subscribers in
its British, German and Irish markets in the Christmas quarter of 2003,
topping expectations. Analysts had pencilled in new subscribers of between
590,000 and 695,000. Subscriber revenues were also robust climbing 8.5% to
264 pounds per customer for 12 months.
Scottish Power reported a rise in
third-quarter earnings that was at the low end of forecasts with third
quarter earnings per share rose to 10.2 pence from 10.02 pence a year
earlier against analysts forecasts of around 10.3 pence. Profit rose 2.4
percent from last year to 258 million pounds although this was also below
many analysts' forecasts.Bellway builder of low-cost homes said it expected to beat current
market expectations for the full year, on a surging number of houses built
during the second half.
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Europe & World (GMT |
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British
Airways (Traffic)
Mm02 (Q3 KPIs), Scottish Power (Q3)
09:30 Jan services PMI, 58.5 prev.
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International Paper (Q4), Boston Scientific
(Q4),Cisco (Q2), Sprint (Q4), Colgate-Palmolive (Q4), Tyco (Q1), Chubb (Q4),
Mattell (Q4), Anheuser Busch (Q4), Allstate (Q4), Pixar (Q4),Northrup Grumman
(Q4)
15:00 Dec durable goods R
15:00 Dec factory orders, 1.3%
exp.
15:00 Jan non manufacturing ISM, 59.8 exp. |
DaimlerChrysler (F), France Telecom (Turnover)
Henkel (F), AXA (Turnover), Nexans (F)
Wella (EGM) Ixos Software (Q2),
Infogrammes (9M)
09:00 Jan services PMI, 57.0 exp.
11:00 Jan flash HICP y/y, 2.05% exp. |
Ex Dividend:
Carpetright Plc (17), Computerland Plc (1.35), Coral Products Plc (1.05), DS
Smith PLC (2.8), Electra Kingsway VCT PLC (0.9), First Technology Plc (3.5),
Fletcher King Plc (0.3), Fountains plc (1.92), Halladale Group Plc (0.7), Hardys
& Hansons Plc (11.5), IFX Group PLC (0.25), Latchways Plc (3.18), NHP Plc
(2.25), Smith WH Plc (0.742868), Somerfield Plc (0.6), SSL International Plc
(3.9), Victrex Plc (5.3), Warner Estate Holdings Plc (8.25), Widney Plc (0.5),
Wyndeham Press Group Plc (1.5) |
joe2506
- 04 Feb 2004 09:09
- 13 of 33
Morning Everybody!!
goldfinger
- 04 Feb 2004 10:55
- 14 of 33
A change of direction from Evil k, could prove very interesting..........
Small Caps, AIM and Ofex:
HMM
On a day when our esteemed Prime Minister appears to have had something of a damascene conversion on the existence (or otherwise ) of WMD in Iraq there was an even more dramatic volte face concerning British Energy. Bear raider Evil Knievil has been shorting the stock aggressively for almost a year (and is well ahead on that short) but Knievil now thinks that the company's fortunes have changed dramatically for the better. Knievil revealed exclusively on www.t1ps.com that he has not only closed his short but has taken a significant long position in the expectation that the shares could head well into three figures. With his followers acting quickly to follow suit the shares closed ahead by 1.41p at 7.91p. Evil promises a full explanation of his change of heart as well as the complete run down on why Jarvis (up 3p at 150p today on the back of small scale director buying on Monday) is heading towards the buffers on his regular EvilCast webcast on Wednesday at midday on t1ps.com
cheers GF.
snoball
- 04 Feb 2004 11:33
- 15 of 33
Morning. Mind if I join you?
I need to bone up on share trading/investing.
Thought I would start here.
I'm off to check my ANL chart, lw.
Fundamentalist
- 04 Feb 2004 11:48
- 16 of 33
Hi all
opened another long GSK yesterday at 1168p - melnibone are you still trading GSK - any views. Also looking to go long HBOS prior to results though price seems to have a little further lower to go yet imho.
LW - i am also short FKI from 121p (after reading the thread on the traders board). Do you expect this to get stuck at the resistance at 105p or do you see it going further?
Melnibone
- 04 Feb 2004 12:09
- 18 of 33
Hi Fundamentalist,
Have been scalping GSK on the dips. Still reckon it's a good stock, but
I still see a chance of it testing 1150 if the FTSE tests 4330.
My Delorean is still bust, so I don't know if the Ftse will test
4330. :-) but unless it breaks the current downtrend it's on the cards.
Melnibone.
vasey
- 04 Feb 2004 12:27
- 19 of 33
Hello snoball! Welcome..... Personally, I thought your trading style had its merits. Your 'Poochies'- for example!
Fundamentalist
- 04 Feb 2004 12:43
- 20 of 33
LW - thanks for that - i am aware of the bank covenants - it is the prime reason I was happy to be short the stock - its just the recent support it seems to find each time it takes a small drop that worries me
melnibone - thanks for that - I am at a point where i could take my profit on GSK but have decided that this is a medium term hold
stockbunny
- 04 Feb 2004 13:26
- 21 of 33
Afternoon happy bunnies!! Hope your day is going well!
Got out of ALN just before lunch, nice little profit banked
away in time hopefully for an increase in the interest rate (lol)
there it can sit until I sort out the next target.
Yes I know ALN is bound to continue to go UP now I've sold but
know what...I don't care!!!! (giggle!)
Off to check stock-watch......
snoball
- 04 Feb 2004 15:05
- 25 of 33
You have a point vasey. Maybe I should just watch the direction of FTSE and then pick a constituent or two and trade 'em. If I put on a sensible stop that should take care of it.
Melnibone
- 04 Feb 2004 15:27
- 26 of 33
Ftse downtrend currently broken.
Dow 10500 is stopping Ftse breaking 4400.
Even if we don't go up today, as long as the Ftse
doesn't make a lower low than yesterday, then it could
give it a base to work from.
Nothing set in concrete yet though. ;-)
Melnibone.
snoball
- 04 Feb 2004 15:40
- 27 of 33
Seems the Feds put in an overnight 3.25 bn today Melnibone.
http://app.ny.frb.org/markets/omo/dmm/temp.cfm
Melnibone
- 04 Feb 2004 15:48
- 28 of 33
Thanks for that snoball.
I've taken today's profit on my stock longs when the Ftse/Dow
hit 4400/10500.
Waiting for direction now. Will watch for a possible UKX short.
Market will be cautious ahead of BOE decision tomorrow.
US will have an eye on Friday's employment figures.
Melnibone.
stockbunny
- 04 Feb 2004 16:00
- 29 of 33
Am I seeing things or are we over 4400 now!!!!!!!!!!!!
Melnibone
- 04 Feb 2004 16:12
- 30 of 33
Shhsh! Stockbunny. You'll wake the Bears up. :-)
Anyone else get the feeling that the US is going to drop
when the UK closes?
Doesn't seem to want to go beyond making up the gap open
lower.
Melnibone.