Crocodile
- 16 Nov 2003 11:47
Premarket Futures |
FTSE -40 |
DAX -54 |
DOW -50 |
S&P -5 |
Nasdaq -10.5 |
News: |
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BIG fall if far east stocks and futures
Imperial Tobacco the world's fourth biggest tobacco
firm, reported a 40 percent rise in annual profits to 898 million pounds for
the year to September 30 at the top of analyst forecasts of 867-898 million
pounds and said it was well positioned for future growth. They are going to
pay a higher dividend.mmO2 mobile phone group made its first operating profit with a strong
rise in underlying earnings and a 13 percent increase in customers to 19.2
million, though it forecast tougher competition in the second half. Earnings
before interest, tax, depreciation and amortisation rose to 621 million
pounds compared with 387 million last year and a range of analysts'
forecasts between 544 million and 657 million pounds. Revenue rose 21
percent to 2.68 billion pounds, in line with forecasts.
Galen Holdings said it had won approval from U.S.
regulators to sell a new version of its Ovcon oral contraceptive pill.
JJB Sports said it had sold its TJ Hughes discount
clothing stores to the unit's management for 55.8 million pounds in the face
of scepticism from investors
Majestic Wine reported a 42 percent jump in half-year
profits on Monday and said like-for-like UK sales rose 7.5 percent in the
six weeks since September 30. Profit rose to 3.96 million pounds in the six
months to September 29, from 2.79 million pounds the previous year. Sales
grew 21.8 percent to 69.1 million pounds.
Chrysalis radio full-year profit soared to 23.9
million pounds from 5.8 million pounds a year earlier, citing increased
market share at Heart FM, now London's most popular radio station. Turnover
climbed 4.5 percent to 246 million pounds and it expects first-quarter radio
revenues to increase 17.5 percent from last year.
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Calendar:
United Kingdom |
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United States
(GMT) |
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Europe & World (GMT |
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Alliance Unichem (I), Aviva (I), BurtonWood
Brewery (I)
Majestic Wine (I), Mice Group (I), mm02
Murray International Trust (I), WPP Group (I),
Cambridge Antibody (F)
Chrysalis (F), New Diploma (F), Imperial Tobacco (F)
MyTravel (Update), TripleArc
(Update)
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Toys R Us
1:30 Business Inventories
Sep - 0.2%
1:30 NY Empire State Index Nov - 30.0
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E.ON
German utility following consolidation of UK power firm Powergen and German gas
importer Ruhrgas
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Melnibone
- 17 Nov 2003 09:15
- 14 of 44
Morning all,
FTSE struggling to hold S2.
LLOY drifting lower, wonder if it will break below 400p?
LLOY has S2 at 401 today.
BT.A trying to hold the old 178p support level.
Bit shy of buying anything here, may get lower prices
if we start to get a correction.
If in doubt I do nothing. I need a plan and a good
reason to take a position.
Melnibone
Melnibone
- 17 Nov 2003 09:26
- 15 of 44
MKS flirting with the 278/280p support area.
Lot of stocks near support levels, wouldn't
take much to get a sell off going if we don't
start turning up soon.
Melnibone
stockbunny
- 17 Nov 2003 11:20
- 17 of 44
Days like today are dangerous for me - I tend to have a strong desire
to buy in when the screen shows red, brings out a 'shopohilic' tendancy
in me like nothing else does!! LLOY and MKS very very tempting.....
As to the trips offered by STAN its an interesting idea, offer trips
so far away they look impressive but are too far for anyone to actually
take up...(lol)
ntk98
- 17 Nov 2003 13:24
- 19 of 44
Regarding you invitation to join the pattern, TA, elliot wave formation discussion etc .. I am not qualified in TA, but I dare to make the hypothese or the first attack: from the commensence none of them works, neither fundamentalist nor TA analyst is correct
Hope it interesting enough target point for those who are reluctant to join. Only specialised on one of that field even when you could make a Phd on that stuff, you will see your pocket soon empty and u better regret for not staying in writing programs, writing fundamental tips and literature which will be more profitable.
I stress again NEITHER Fundamental NOR technical analysis is right.
ntk98
- 17 Nov 2003 13:33
- 20 of 44
reg discussion on pattern, TA etc:
and here is the second attact if anyone want to tell me there is any unbelieveale good sensitive gihly effective trading system, worth zig thousands pound trading exist in this world and have a place to get a rewards, give me three to six months and give me the mini version where every thing is basic no high tech, intelligent chart inside for 10 and give me six months max I xa prove that the bigger, more expensive although contained more sophosticated tech, intelligent would be less succuessfuk then the 10 cheap version.
And here is a low blow, I bet that the so called expert have long time ago a hunch that my hypothese is right, that the whole thing is only circus, but they keep quiet, from the big financial programmer to the one who earn money and respect though some graphs, they all know that thing doesn't work ... but why say so it is more profitable to let folk wanders in the fog around, rathwr tell them the truth.
NEITHER Fundamental NOR technical analysis is right Hocuspocus only
ntk98
- 17 Nov 2003 13:36
- 21 of 44
stock bunny sideway can't pull down COBHAM, and CHRYSALIS MMO2!
Buy I would suggest. Only commensence, or what they call in old book contrarian trader tactic, when evryone dug, you better dig there are more worms to find . .. :-) They seem to wait for the result come out of some sort of market, treasurer expert this afternoon. I wonders why waiting what good for? They won't help us, you won't deter them what they already had in mind for their pocket, they won't shed a smallest tear on your lost. Same situation as a weeks ago everyone wait to know interest rate was going to be 0.25 or .5%!!! None of the sell, and waiting sideline was good, rate went up to 0.25 and what has changed?Even .5% market situation doesn't change much to the better. The only thing I find really good at all these bad events, is that I can undeterrently walking around ang get stocks cheep .. oh, me me if I could have a lot more money for investing I would go non-stop on those day around shopping and pray that people will take the chancellor, premier minister talk more seriously and sell more so stock would be cheaper and more time for me to buy.
I don't understand why some investor by the slightest market down movement taking profit and destroy the price level where they later buy back in. Regardless which past which chance thise stock can have ... There is a lot money go in smoke by the practice ... and even on those they with an early sell they still losing because large spread, market open and MM set all ready and wait for first seller, what do you think, wrong to keep?
Crocodile
- 17 Nov 2003 13:48
- 22 of 44
Stock Bunny
The market is looking very fragile at the moment as in the Far East overnight.
There is just a possibility that this could develop into a very fast and sharp sell off so I do not want to be caught on the wrong side of it.
D.
stockbunny
- 17 Nov 2003 14:01
- 23 of 44
Sitting firmly on my hands currently (lol) and using the time to
research potential targets given an attractive price being available
for them! Yes ntk98 I follow the 'contrarian' tactical approach generally
if it's already upwardly mobile I don't tend to find it an attractive
opportunity but it doesn't always work, I've had the odd finger bitten!
stockbunny
- 17 Nov 2003 14:13
- 25 of 44
Little Woman - buy you a coffee in the tea rooms? Are you having a
relatively good day?
On reviewing my last post and the comment on what's upwardly mobile
not being attractive..This could be read in an interesting light when
applied to other life areas (and explain a great deal too)
Ah...A hearty laughing session is good for the soul!
zarif
- 17 Nov 2003 14:20
- 27 of 44
littlewoman :
time for a nice iced lemon tea to cool down the brain b 4 getting on the dow.Going to watch from the sidelines first.
Ps: you are quite right i have no idea what ntk98 is ranting and raving on about - he/she was on last weeks thread posting there until i told him to use the 17/11/03 -maybe should have left it there.
rgds
zarif
datai
- 17 Nov 2003 14:30
- 28 of 44
zarif any views 4 today dows got the feeling of futs been marked down a little 2 far propen.imho
zarif
- 17 Nov 2003 14:37
- 29 of 44
i think u r right - but reckon its going to fall a bit then travel north.
watch out for whipsaws -sharks as i call them.
good luck and keep us posted. trin at 2.30 was 2.9
stockbunny
- 17 Nov 2003 14:39
- 30 of 44
Heads Up - my screen is showing less in the red and more greens
are we stablising slightly..?
Sorry the brain will not spell accurately today!
Melnibone
- 17 Nov 2003 15:15
- 33 of 44
9700 gone on the Dow.
Now we'll see how good these support levels
on FTSE stocks are.
Melnibone