rather than pick out individual stocks to trade, it can often be worthwhile to trade the indices themselves, especially in times of high volatility.

for those so inclined, i attach below charts for FTSE and FTSE 250, though one might equally be tempted to trade Dow or S&P, which is significantly broader in its coverage, or even NASDAQ

for ease of reading, i have attached 1 year and 3 month charts in each instance

Gold soaring...

FTSE now under performing the DOW YTD.


FTSE / DOW

6603 long

your short on dlg looking good skinny.,.

I was long DLG (for the dividend) as a hedge in case I was short the FTSE last night - which unfortunately I wasn't!!

I closed DLG earlier for a net gain of @3 points with the dividend - hardly worth the agg!

6623 position closed +20

I got stuck in DLG, currently -14.15 pip less whatever the divided was 12.??

why not a short from first thing this morning..... sure thing surly (shirly)

12.4p

Because like most ex divies, it opened down by almost the dividend amount.

On edit - I closed @255.86p

Just noticed pound land was trading at @28% premium!!

Thats right opened down from the off as they always do ex-div, I'm going to hold for a few days it may recover a little.

The great retail float race and corporate gravy train continues to pick up speed with Poundland ready to arrive on the London stockmarket with a bang.

Dealers are confident that the cut-price retailer will today be priced at the top end of the 250p to 300p price range, valuing the group at £750million.

And with spreadbetting giant IG yesterday making a greymarket spread price on its valuation of £1.125billion to £1.145billion, it is odds-on the stock will rocket when conditional dealings begins tomorrow. Unconditional dealings start three days later.

Koovs, is going to be one to watch. The Bangalore-based ASOS copycat online retailer.

I didn't get the opportunity to apply unfortunately - this from yesterday.

Ex-ASOS boss Lord Waheed Alli floats Indian fashion site

It will probably open in the stratosphere and continue up!

215p to an 150p placing price. I've never subscribed for an IPO.

African Barrick Gold plummeted 58.1p or nearly 19 per cent to 250p after parent group Barrick Gold Corporation sold a 10 per cent stake but agreed not to sell any more shares for a period of 120 days. It said the sale was ‘consistent with its ongoing portfolio optimisation strategy’.

Worth keeping an eye on I think, ABG has seen alot of price action recently and with gold prices ticking up this one could well present a bargain!

Closed +18.

You tracking the 15 min Skinny?

Shortie i posted that on the ABG thread .