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Traders Thread & Thoughts - Monday 17th May (OOM)     

Crocodile - 16 May 2004 11:03

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Stocks tumbled all over the world following the assassination of the head of the governing council in Iraq, political unrest in India and another rise in oil prices

Celltech Group, Belgian USB drugmaker has agreed to buy the company for 1.53 billion pounds, 550-pence-per share in cash a 27.8 percent premium to last nights closing price

BAA airports operator reported an inline 4.9 percent rise in annual profit to 616 million pounds following a record number of passengers through its seven UK airports.

MmO2 achieved market forecasts with a 59 percent rise in full-year core earnings and a maiden pre-tax profit, and said it was reviewing a payout policy for November.

Land Securities Europe's largest property investor reported a rise in net asset value, at the top of forecasts, and said it saw market conditions improving for London offices. Annual profit rose 16.7 percent to 373.1 million pounds , up from 319.6 million pounds. (Regus?)

LogicaCMG said it expected first half revenue to be around ten percent lower at its Wireless Networks unit, which would book a loss for the period.

Yell Group telephone directory publisher, said its full year net loss widened to 51.1 million pounds due to costs related to its initial public offering, as turnover rose 6.5 percent to 1.19 billion pounds

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little woman - 17 May 2004 08:25 - 14 of 45

Morning all

Page 2 in the Financial Mail on Sunday has a article titled "Markets close to collapse"

The middle of the article goes on to say "one expert warned starkly that the similarity between recent US share price movements and the weeks before the crash of 1987 was 'uncanny'.

Insider trader - 17 May 2004 08:26 - 15 of 45

Morning all.

little woman - 17 May 2004 08:28 - 16 of 45

Insider trader - it's been a while - nice to see you back.

little woman - 17 May 2004 08:40 - 17 of 45

Just took a looke at the FTSE100 heat map all the shares are down except for 4 that are unchanged!

Insider trader - 17 May 2004 09:01 - 18 of 45

Good buying ops imo.

Melnibone - 17 May 2004 09:12 - 19 of 45

Morning all,

The bombings have skewed everything. Huge gap open down in
the US at these levels. Shock factor will have worn off by the
the time the US opens.

Agree with Insider trader. We are due a bounce at the least as
Bears take profits and bottom fishers cast their nets. Don't
know how far we bounce.
Should be some good trading opportunities here.

Melnibone.

little woman - 17 May 2004 09:41 - 20 of 45

I presume you are both refering to very short term opportunities? (i.e between now and the US opening?)

Insider trader - 17 May 2004 09:44 - 21 of 45

When there's blood on the streets......when everyone and his dog is shorting, is always the best time to look for...

little woman - 17 May 2004 10:50 - 22 of 45

Yes, unless this continues for a few more days!

ThePlayboy - 17 May 2004 11:42 - 23 of 45

inside trader a good point!

little woman - 17 May 2004 12:04 - 24 of 45

As a person who purchase shares during the last big drop (went on for nearly 2 years) as I thought they were buying opportunitities, I wish I'd waited until it was all over (early last year) before I went back in.

ThePlayboy - 17 May 2004 12:11 - 25 of 45

when will it be all over LW?thats the Q, no PPT this morning a little worrying!

little woman - 17 May 2004 12:43 - 26 of 45

PPT?

ThePlayboy - 17 May 2004 12:45 - 27 of 45

Plunge Protection Team

zarif - 17 May 2004 12:46 - 28 of 45

Lw: You are quite correct in that its no use trying to "guess the Tops or Bottoms" as it can always keep going lower or higher.As they say "dont try to catch a falling Knife".Much safer to wait for the turn get confirmation than board the bus.

rgds
zarif

little woman - 17 May 2004 12:50 - 29 of 45

I know the US using a PPT, but I didn't realise we had one in the UK.

Looking at the 2 charts below, I think if the US does go, and we follow, it won't be as bad in the UK as it will be in the US. But until the US elections in Nov, things are going to be very uncertain.

graph.php?startDate=17%2F05%2F99&period=graph.php?startDate=17%2F05%2F99&period=

david 2000 - 17 May 2004 13:01 - 30 of 45

Hey, TP PPT just arrived on US futs... LOL

david 2000 - 17 May 2004 13:06 - 31 of 45

PPT ON 200 MA, IMHO TP..... ROFLAO ETC ETC.

chart.asp?symb=uk%3Aftse100&compidx=aaaa

amberjane - 17 May 2004 13:25 - 32 of 45

Afternoon all,
A day to be careful, trading and sunbathing! That suns hot today. Good luck all you shorters!

mpw777 - 17 May 2004 13:58 - 33 of 45

little woman might read page 9 of business section of yesterdays sunday times.
article by andrew smithers 'founder and chairman of smithers who advise leading fund management companies worldwide on asset allocation'.
the sunday times describes ANDREW as being the KING OF THE BEARS.
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