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Traders Thread - Wednesday 11th February (BSY)     

Crocodile - 11 Feb 2004 00:29

UK PreMarket Futures FTSE +2 DAX +2 DOW Unch S&P Unch Nasdaq -0.5

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UK News

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Gold/Bond Pivots Markets  Futures Translate
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1 Day 2 Day 5 Day  US News

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S&P Futures

Nikkei  -37    Hang Seng +56   Asia News

DAX CAC  Euro News
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U.S. stock markets closed higher with gains in technology despite caution ahead of the testimony by Alan Greenspan on Wednesday

Reckitt Benckiser household goods reported 2003 final profits rose 20% of 489 million pounds ust above analyst forecasts of 472-486 million pounds, For 2004 they set targets of five percent plus growth for sales and low double-digit percent growth in profits,

BSkyB misses analysts forecasts but as expected announced but it would pay its first interim dividend of 2.75 pence. The spread beaters are forecasting +5p at the open but could quickly drop!

BAA airports reported a 4.8 percent rise to 9.3 million passengers meeting its its projections in January despite weather disruptions and tighter security. Its seven British airports ,Yell Group telephone directories publisher reported a 10.8% rise in nine-month earnings and said it was on track to meet year expectations. hmmm

Liberty International shopping centre chain owner, said its Chairman Donald Gordon would step down by mid-2005, after months of speculation about his future. The company posted a 13.5% rise to 906 pence-per-share above the market consensus.

BP said it spent about 32 million pounds buying back 7.7 million sharesshares yesterday propping up the share price!

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

Antisoma (I), British Sky Broadcasting Group (I) Scott Tod (I), Yell (Q3) Electric Word (F), Liberty International (F), Reckitt Benckiser (F)

Countryside Properties (AGM), United Drug (AGM) Safeway (EGM), BAA (January) Traffic FiguresJan/Dec labour market report (09:30) BoE quarterly inflation report (1030)

Coca-Cola (Q4) The Walt Disney (Q1)  

Douglas Holding (Q1) Elmos Semiconductor A AWD

Ex Dividend: CD Bramall 7p, Daejan Holdings 22p. Grainger Trust 12.8p, Mentmore 0.445p, Sage 1.095, SPW 4.75p, SGC 0.9p.

Croc@SnappyTrader.com  WWW.SnappyTrader.com

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stockbunny - 11 Feb 2004 13:21 - 11 of 28

Question following on from my conversation with LW yesterday...
I don't usually 'play' the short it/long it game, I trade shares
on an 'actual' basis only by phone with my current broker.

But I'm curious and would like to test
out trading on a more active day to day basis. However, before I
make a decision to get involved - and get my cash involved! - I would
like to have a trial run.

So, which companies/sites based on the experience of those who do trade
this way offers both the opportunity to trial a real-time 'fantasy' portfolio or
experimental trading session/s AND who offers the best value for money with the least hassle and general screw-ups experienced!!

Much thanks to anyone who has time to respond - I know you guys &
gals on this thread are busy-bunnies!

Melnibone - 11 Feb 2004 13:26 - 12 of 28

Hi stockbunny,

I'm not going to advise on which company to use for real,
that's down to you.

But if you want to trial with pretend money, then CMC(D4F) and
Capital Spreads will both give you pretend money and simulated
trading on real platforms where you can test your mettle.

Melnibone.

zarif - 11 Feb 2004 14:12 - 13 of 28

Afternoon everybody and hell to you all as have not "talked "to you for a while.
S/Bunny -you can also try City index simulator -but no charting ( icouldnot find it anyway)

rgds
zarif

Melnibone - 11 Feb 2004 15:04 - 14 of 28

Afternoon Zarif.

I hope there was an 'O' missing on that 'hell to you'. ;-)

Melnibone.

stockbunny - 11 Feb 2004 15:07 - 15 of 28

Thanks Melnibone and Zarif - will give them a try, been round a
couple (comdirect & sharecrazy) like bits of both and dislike bits
also!! Will keep searching about! Hope lady luck is with you today!!

zarif - 11 Feb 2004 15:09 - 16 of 28

Melnibone -Just noticed that and YES definitely O missing -So here goes "hello to all of you" again.

ps: i better go for an eye test


zarif

Melnibone - 11 Feb 2004 15:16 - 17 of 28

Don't like the look of the FTSE.

Closed last blue chip long for a 0.5p loss.

Looking for Indice shorts now.
I smell another Greenspan effect 'tank' building up.

Melnibone.

Melnibone - 11 Feb 2004 15:23 - 18 of 28

We'll put it down the novacaine Zarif.:-))

Watch your eye on the DOW today. This market is 'teed' off
with narrow range trading. Things could get violent if it
finds the catalyst it's looking for.

Melnibone.

zarif - 11 Feb 2004 15:36 - 19 of 28

quite right melnibone.
Just watching atm -Until greenspan opens his mouth and the dow usually drops-but am not going to pre-empt it as tomorrow is another day.

rgds
zarif

seawatcher - 11 Feb 2004 15:51 - 20 of 28

stockbunny,

This web site may help youhttp://www.find.co.uk/investments/Spread_Betting/

Have fun

sw

Melnibone - 11 Feb 2004 16:21 - 21 of 28

DOW hit 10,700 and FTSE 4400 and both bounced back.

Now we'll see where we're going.

Melnibone.

snoball - 11 Feb 2004 16:26 - 22 of 28

Stockbunny, Finspreads lets you spread bet with pennies for eight weeks after opening an account. Better to trade with 'real' money (albeit with very little).
You can also open an account with 100. I practised on the Dow with literally pennies.

snoball - 11 Feb 2004 16:28 - 23 of 28

I had a feeling the Dow would hit it today, Melnibone.

snoball - 11 Feb 2004 16:29 - 24 of 28

oops. I hit the wrong button. They ought to have some code in this to stop one posting nothing.

Melnibone - 11 Feb 2004 16:34 - 25 of 28

Good call snoball, hope you took your profit.

US is now up at resistance, unless we start a new leg
higher then risk/reward favours the downside imho.

Watching the DAX for a possible short if 4100 breaks.

Melnibone.

stockbunny - 11 Feb 2004 17:00 - 26 of 28

Seawatcher and Snoball much thanks - may give it a try...
Strange isn't it...I'll put money into an actual share holding based
on personal feeling or hunch - I'm not a risk adverse person
but considering going into CFD's/spread-betting etc and
somehow it feels completely different - totally stupid I know!!

little woman - 11 Feb 2004 17:25 - 27 of 28

Stockbunny - you're right, it's very different - you're not being stupid.

To do it, you need to think short term (which can be just an hour), and can make money on smaller movements. The other thing is you don't have to put all the money up, so you can deal either with less money, or with large numbers of shares! Of course the big thing to get used to is shorting!

I know the bulls (and deep down I'm one) blame the market dropping on the bears, for shorting, but the reality is it's the bulls profit taking that sets the bears off, and when the bulls reinvest the bears close their positions!

snoball - 11 Feb 2004 20:37 - 28 of 28

So right, little woman! We are all bulls and bears.
I am also poor which is why I spreadbet. To trade shares properly I would need lots more dosh than I have.
The last time I bought some shares thee price fell after a few days and didn't come back to the same level for two years. Luckily I has so few it wan't worth selling them and it was better to keep them on the off chance they would come back - something you can't do with spreadbets and cfd's.
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