Investors' Room :: Traders Thread & Thoughts - Monday 3rd November - MoneyAM - Free Share Prices, Stock Quotes, Charts, News, Level2

Crocodile - 02 Nov 2003 13:29

Premarket Futures 23rd Oct

FTSE +2

DAX +2

DOW +19

S&P -0.5

Nasdaq +2

1 Day 2 Day 5 Day - UK News

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1 Day 2 Day 5 Day Futures US News

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Nikkei -156 Hang Seng +-177 Asia News

10 Year Bond

UK/US charts have 1,2 or 5 day views. and now FT NEWS & Price link to UK, US & Asian markets. The Dax/CAC and Nikkei/Hang Seng are now switchable

News:

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Thus Group telecoms reported a near doubling in first half underlying earnings, in line with expectations, and said it was on track to hit full-year earnings and sales targets. Earnings rose to 20.6 million pounds from 10.9 million one year before and six months turnover climbed by 10 percent to 157.5 million pounds

Unilever said it had agreed to sell its Ambrosia and Brown & Polson units as it continues to cut the number of brands to restore profit margins

Ebookers Online travel firm made a Q3 profit of 1.3 million pounds against a 0.8 million pounds loss a year earlier and said it had seen strong trading in October. Turnover rose 98 percent to 18.2 million pounds

Canary Wharf is now in final talks with Morgan Stanley for a bid worth 255p

Calendar: United Kingdom

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ebookers (Q3), Ryanair (I), Thus Group (I), SurfControl (I)

Pz Cussons (AGM)

Manufacturing sector PMI (09:30)

CBI monthly distributive trades (11:00)

Kellogg Q3

15:00 Construction Spending 15:00 ISM Index 17:00 Auto Sales 17:00 Truck Sales

Dyckerhoff D Q3 HeidelbergCement D

Croc@SnappyTrader.com WWW.SnappyTrader.com

little woman - 03 Nov 2003 09:11 - 15 of 24

Managed to get a load of CYH @3.8p now selling at 4.1p less than an hour later. Spread as improved - but should I sell now or hold on?

little woman - 03 Nov 2003 09:51 - 16 of 24

CYH bid price is yo yoing between 3.95-4.2 but the offer just won't drop below 4.3 (Bid just dropped to 4 & offer went up to 4.4!) Will sit tight and see what develops - Still over 10% up after all charges, in less than 2 hours.

little woman - 03 Nov 2003 12:23 - 17 of 24

No change on CYH so to compromise, put a limit sell on half of the holding @ 4.3 to see what happens! Made a small purchase in BLLM.

little woman - 03 Nov 2003 12:25 - 18 of 24

Looks like the FTSE is having keeps trying, but not succeeding!

Melnibone - 03 Nov 2003 12:32 - 19 of 24

I'm surprised that the FTSE went so far above R2 whilst
the S@P is so near its highs and not yet open for normal
hours trading.

Still, shows the wisdom in not trying to fight a trend, whatever
you think should be happening.

Melnibone

little woman - 03 Nov 2003 12:36 - 20 of 24

Too true - I'm supposed to be in mostly cash at the moment, but I have not succeeded in holding back. Perhaps I'm not alone and that's why the FTSE has picked up so much. Although thinking back, prices seem to pick up at the beginning of the month, and then drop back as the month goes on!

Melnibone - 03 Nov 2003 12:49 - 21 of 24

draw?startDate=28%2F10%2F03&grid=Main&ep

Keeping an eye on BP. and SHEL.
Starting to diverge.
Usually price differential of 35/40p.
Currently 44p.

May be worth a pairs trade(Short BP. long SHEL)
if it goes up to 48/50p differential.

Melnibone

little woman - 03 Nov 2003 12:58 - 22 of 24

Interesting chart - looks like you you're onto something

Thinking of crocs 2 day movement, 2 days up, and then down, 2 days up then down

Melnibone - 03 Nov 2003 17:38 - 23 of 24

draw?startDate=03%2F11%2F00&enableMA=tru

Just in case it has slipped anyone's memory in this bullish euphoria,
be careful with any position longs at these levels.

As you can see we are now very close to the Sep 2001 low which
was also the resistance on the bear squeeze bounce in Aug 2002.

I would expect heavy resistance at this level. No need to worry about
missing a big surge up. If we break it, retest it and it holds, then
I see nothing to stop it until the old 5000/5200 trading range.
Plenty enough for everyone.

Better to wait and go with it than risk buying at what would now
be the top if this resistance holds. No idea if it will or won't
by the way.

Melnibone.

Melnibone - 03 Nov 2003 21:57 - 24 of 24

draw?startDate=01%2F01%2F03&enableMA=tru

Taking a look at RBS. It took a hit today with problems over one
of its takeover targets.

It appears to be in a trading range of approx 1530/1650.
It's made a double bottom at 1530 and bounced of the same level
today. If you think that the FTSE is going to try for the 4425
resistance area that I highlighted in my last post(Sep01 low/ Aug 2002 high),
this may offer a better risk/reward ratio.

Take the lowest common denominator in CFD/Spead Betting of 1 a point.
This would be the equivalent of buying 100 shares and looking for 1 a penny.
Just add zeros on the end to get your normal position size.

The FTSE is at 4325 and 100 points away from the 4425.
RBS is at 1546p and 104p(same as points) away from 1650p.

One CFD or spreadbet on the FTSE would give you exposure of 4425 looking
for a 100 gain.

100 shares in RBS would give you exposure of 1546 looking for the same
100 gain.

FTSE is at least a spread of 3 to 4 points.
RBS is often 2p(same as points) spread.

Which is the better risk/reward?

Comments anyone?

Melnibone.

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Traders Thread & Thoughts - Monday 3rd November (SBRY)