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Traders Thread - Friday 23rd April (SHEL)     

Crocodile - 22 Apr 2004 21:57

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1 Day  

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UK News

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Nikkei +110 Hang Seng +131  Asia News

  DAX    CAC     Euro News

US indexes zoom on strong earnings

McBride household goods maker said on Friday its trading performance and cash generation continued to be satisfactory.

St. Modwen Properties said the year had started well and it expected to report a record 2004.

Mobile phone companies may rise after a positive update from Ericsson

WH Smith Australian private equity firm Pacific Equity Partners said on Friday it has agreed to buy the Asia-Pacific retail business for A$115 million ($84 million).

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Shell Transport (AGM)08:30 March motor vehicle production 08:30 March retail sales 08:30 Q1 prelimiary GDP estimate

Xerox, R.J. Reynolds Tobacco

13:30 Core PPI Mar 0.1% 13:30 Durable Orders Mar 0.7% 13:30 PPI Mar 0.3%

 

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David@SnappyTrader.com    www .SnappyTrader.com  Pre Market Futures FTSE +18 DAX +12 DOW +18 S&P +2 NAS +12

Tips & Recommendations

little woman - 23 Apr 2004 13:29 - 14 of 21

Got my E-trade account up and running

Small short PSN

little woman - 23 Apr 2004 14:13 - 15 of 21

The DYS I added to my long term portfolio 2 days ago is still going up

Melnibone - 23 Apr 2004 15:02 - 16 of 21

Thanks for that info Diego. I've never looked much at
Fib levels, so your comments are welcome.
If folk look at Fib levels then I should really pay
more attention. I'll have a look round the Web and see
what I can come up with.

We're now basically back to where we were on Tuesday evening
in pre-Greenspan mode, in the US and the UK. So I would be surprised
if the market galloped higher this close to the weekend.
If anything, seeing as the trading Bears have taken the Greenspan
effect windfall profits, then maybe a small drop is in order for the
trading Bulls, that chased them back up, to trouser some of their
profits for the weekend.

I won't be taking any risks on a Friday at a critical point such
as this, and I doubt that I'm much different to anyone else.

Hope this post comes out normal and doesn't look like Nelson's
Column like my previous ones.

If it does, I'll just blame Croc. :-))))

Melnibone.

stockbunny - 23 Apr 2004 15:44 - 17 of 21

Another expert on TV today saying they wouldn't be in
equities now but would still be in cash. OK at this point
some prices are high so possibly not the time to buy in,
but if you are already holding that is surely a different
matter! I wonder if the experts having got it wrong before
are now crying wolf sooner than needs be, so they don't get
caught out again!!

Melnibone - 23 Apr 2004 16:15 - 18 of 21

Don't listen to experts stockbunny.

They've no more got a time machine than the rest of us,
and depending upon whom they work for they usually have
an ulterior motive that will benefit their employers.

They all use standard phrases and intelligent sounding
waffle. I bet I could go on TV and waffle along with the
best of 'em.

If I put on a suit and a pair of studious looking glasses
I bet I could even make you believe that I knew what I was
talking about. Especially if I smiled at the right points
in an avuncular 'trust me' kind of manner :-)

Melnibone.

little woman - 23 Apr 2004 16:27 - 19 of 21

I just finished reading the book on Barlow Clowes - did you know he was an expert in Govt securities, and for over 10 years, went on TV and did talks, explaining how he was so good at it using other peoples money to guareentee amazing returns!


zarif - 23 Apr 2004 16:31 - 20 of 21

afternoon guys and gals:
Cool writings today for people of narrow vision( nelsons column).
just jesting -whats happened to the margin size i wonder.
rgds
zarif

snoball - 24 Apr 2004 09:54 - 21 of 21


I think you forgot to end your html table, Melnibone. I've put it in here to see if it sorts it out.
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