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Traders Thread - Tuesday 6th April (FIB)     

Crocodile - 05 Apr 2004 22:09

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1 Day  

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UK News

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Gold/Bond

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Day 2 Day 5 Day US News

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Nikkei +121 Hang Seng +188  Asia News

  DAX    CAC     Euro News

US stocks rallied anew following the the Institute for Supply Management's services index for March. The index, which had been expected to come in at 61, soared instead to 65.8 from the previous month's 60.8.   Breaking News:  Autonomy win a large contract, look for a rise here. Orange shares suspended due to a court descision today.

Lastminute.com (LMC) said trading in the second quarter TTV was 10 million ahead of its expectations to 170 million pounds

Man Group (EMG) hedge fund manager said it had raised a record $805 million in client money for a new multi-currency fund to be invested in five types of hedge-fund strategies.

Bellway (BWY) house builder reported a 36 percent rise in first-half profit to 77.4 million pounds from 57.1 million a year earlier which topped analysts' forecasts and said its markets remained buoyant.TBI (TBI) the owner of Luton airport said trading in the second half had been in line with expectations as low-cost travel continues to grow

Cobham (COB) said it had bought U.S. surveillance equipment maker DTC Comms for $48 million cash, to be financed from its existing resources

BHP Billiton unveiled an $870 million plan to expand copper mining in Chile despite analysts' warnings of a looming world supply surplus later this decade

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 Bellway (I), Fibernet (I), Premier Direct (I), Corin Group (F), DataCash (F).Highbury House (F), Kiln (F), Regal Petroleum (F), Wigmore Group (F), New Look Group (Trading Announcement), Last Minute.com (Update)

Man (Update), TBI (Update), Rio Tinto (AGM)

ALCOA Q1

FR Altran Technologies (F) FR GPSP Grandvision (Q1)

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David@SnappyTrader.com    www .SnappyTrader.com  Pre Market Futures FTSE +8 DAX +7 DOW +11 S&P +0.9 NAS +2

Tips & Recommendations

little woman - 06 Apr 2004 15:44 - 12 of 15

I keep seeing threads on AIM shares where people are posting questions about taking losses.

I thought the whole point of buying AIM shares for the extra (business) taper relief - but to get it they have to be held for more than 1 year, otherwise there is none.

If you think the company is going to go bust/under - SELL now.
Oherwise just sit it out!

Fundamentalist - 06 Apr 2004 16:04 - 13 of 15

Lw I think alot of people are not buying AIM shares on that basis but because of the potential for large short term gains!!! A lot of these shares are being pumped and dumped and people are being left with paper losses having bought in too late - all imho.

Melnibone - 06 Apr 2004 16:14 - 14 of 15

Micro-Caps have been pumped and dumped for years.

Novice traders should leave them well alone and cut their
teeth on Large Cap shares.

Large Caps are analysed to the N'th degree by folk
who do it as a profession and are only capable of
being ramped by Brokers.

Melnibone.

Crocodile - 06 Apr 2004 16:40 - 15 of 15

Have done 10/10 good scalps on the FTSE but it was boring at 2 points a time ;-)
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