Crocodile
- 04 Nov 2003 21:35
Premarket Futures 23rd
Oct |
FTSE -8 |
DAX -1 |
DOW -9 |
S&P -0.5 |
Nasdaq -0.5 |
News: |
Sorry Your browser is not java capable
|
|
US Stocks stocks closed slightly down with the Dow Jones
finishing some 19 points lower after Monday's strong gains.
MFI Furniture said its third quarter sales were
flat as growth slowed right down during the exceptionally hot summer. Group
turnover for the 44 weeks to November 1 rose 16 percent in total to 1.273
billion pounds
Shanks waste management firm posted an expected fall
in first half profits and said its UK waste services unit was showing signs
of improvement.
They said profit fell to 14.1 million pounds against 19.1 million a year
earlier with analysts forecast of around 13.7 million pounds.
Electrocomponents electrical and
industrial parts distributor said it did not expect a rapid improvement in
trading as they posted a 2.2 percent fall in profit to 45.3 million pounds
on 6 month sales up 1.0 percent to 369 million pounds.
FirstGroup bus and train company met forecasts with a
small rise in first-half profit to 56.8 million pounds after being hit by
higher pensions costs and lower rail subsidies. The analysts' forecasts was
56 million pounds
Pilkington glass maker reported first-half profits up
11 percent, at the top end of expectations althoughit said trading
conditions remained difficult. Profits came in at 84 million pounds compared
with analyst estimates of 82.5 million pounds.
|
 |
Calendar:
United Kingdom |
|
 |
United States
(GMT) |
|
 |
Europe & World (GMT |
|
AVEVA
Group (I), Shanks (I),
Big Yellow Group (I), Electrocomponents (I),
FirstGroup (I), MFI Furniture (I), Millennium & Copthorne Hotels (Q3),
Pilkington (I), Shire Pharmaceuticals (Q3), Volex (I), Yates (I), Fenner (F),
Netb2b2 (F)Goodwin (AGM), Redrow (AGM), Sygen International (AGM)
JP Morgan Fleming Mid (AGM)
Sept industrial/manufacturing
(0930)
CBI Small and medium enterprises survey (11:00)
NIESR GDP estimate (13:00)
Bank of England MPC meeting
|
Cisco Q1, Qualcomm Q4
Watson Pharmaceuticals Q3
15:00 Factory Orders
15:00 ISM Services |
Accor F Q3
Adidas-Salomon D Q3
Douglas Holding D Q3
Hugo Boss D Q3
LION Bioscience D Q2 |
Ex Dividend:
Aga Foodservice Group Plc 2.2, Alexandra Plc 1.7, Austin Reed Group Plc 2.5,
Beazley Group PLC 0.25, Bloomsbury Publishing Plc 0.474, Chloride Group 0.8,
Collins Stewart Tullett PLC 2.5, DFS Furniture Plc 17, European Motor Holdings
Plc 3.4, Finsbury Food Group PLC 1, Game Group Plc 0.5, Giardino Group Plc 1.9,
Hunting Plc 1.25, Intertek Group PLC 2.9, Jennings Brothers Plc 2.4, Johnston
Group Plc 5.25, Laird Group Plc 3, Lincat Group Plc 12.9, Malcolm Group PLC/The
1.7, Marshalls Plc 3.65, Matalan Plc 2.7, Northern 2 VCT PLC 1, Peacock Group
Plc 2.5, Quadnetics Group Plc 2, Radamec Group Plc 3, St Ives Group PLC 12.15,
Taylor Nelson Sofres PLC 0.95, Ted Baker Plc 3.2, Unilever Plc 6.16, Whitbread
PLC 6.15, William Hill PLC 3.5 |
Crocodile
- 05 Nov 2003 10:23
- 14 of 36
Lloy fallen below support and I reckon BARC is a good short.
PSN not likely to go up with the rise interest rates to be announced.
Re Level2, MoneyAm source the information through GNI which is down and they are about to implement an alternative supplier.
D.
Melnibone
- 05 Nov 2003 15:59
- 22 of 36
When I said I expected AVZ to drop to 400p I didn't think
that it would nigh on do it in one day!
There must be some bears sat on fat profits on this one,
I wonder how much of it they'll pocket before 1630.
Melnibone
zarif
- 05 Nov 2003 17:10
- 25 of 36
Any clues on the Guesstimate for dow upside /downside today at all??
By the way creamed the dow before for 1600 -great feeling -must be the equivalent of a male orgasm!!!!!!!
rgds
zarif
Druid2
- 05 Nov 2003 17:27
- 27 of 36
Little woman - also nice to see this thread getting more active. Gettin to the stage where I will have to pop in to check it regularly during the day.
zarif
- 05 Nov 2003 17:32
- 29 of 36
Little woman:
Yes -as they say there is no rest for the wicked.
I own a petrol station /mot garage -So in the early morning go there from 6am to about 1pm then start on the markets.
I usually fing the Ftse too slow for me not enough volatility.
Any pointers for early morning markets would be great as i am just arranging for someone else to take care of my other business so i can do this full time.
rgds
zarif
Melnibone
- 05 Nov 2003 18:18
- 31 of 36
Hi little woman,
No, I didn't short AVZ. I like to keep things simple and use
Trend/Support/Resistance.
Trend is currently up so I don't try and fight it.
What I look for is opportunities to buy stocks on support and
if I think everying is way over bought I sometimes look to short the
FTSE.
When the bear returns and the trend turns I'll be looking to short the
FTSE on the bounces and ignore stocks unless they get a big bounce for
no apparent reason except a Bear Squeeze.
Melnibone
Melnibone
- 05 Nov 2003 18:30
- 32 of 36
Just another word on shorting a rising market.
The world and his dog are waiting for the US payroll numbers.
US markets are just range trading near their highs whilst they wait.
If they come in strong the DOW will head off towards 10,000
and take the S@P with it. There will be a big bear short
squeeze that will accelerate the process.
What do you think would happen to you if you happened to be
short a FTSE stock?
Unless your stop is one of the paid for guarenteed variety
you will be joining a long stack of closing Bears and buying
Bulls watching the price rocket with no sellers.
Melnibone
zarif
- 05 Nov 2003 18:42
- 33 of 36
Well said melnibourne.
any ideas on the dow today as seems in a stupor today around 9800 +/-15 say for the last hour atleast.
what topside do you think it will achieve if any today?
rgds
zarif