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Traders Thread Thursday 1st July 2004 (CROC)     

Martini - 30 Jun 2004 21:56

jj50 - 01 Jul 2004 12:22 - 15 of 39

Too much on today. Meant to say thanks Big Al as I was in and out of JKX last week and also made a nice little profit - I owe you a drink. Still holding DNX, not doing too badly. Hope you have recovered from jet lag - my experience of numerous trips to SFO was felt great on return, but deathly on third day!

Well done on CTM, LW.

I thought I had bought SBRY at its lowest possible point .........

Fundamentalist - 01 Jul 2004 12:26 - 16 of 39

JJ50

It appears DNX has had a breather and is now looking for the next leg north - lets hope so eh

Big Al - 01 Jul 2004 12:28 - 17 of 39

jj - my pleasure. Just don't buy everything I do as I have my fair share of losers too - don't we all!! ;-))

On JKX, I'm minded to re-enter if it breaks out with a very tight stop or wait for the pullback. It is still to make up its mind whether this is a top for now or only a consolidation. Many in the sector are doing the same, but DNX seems to have retested the break and gone again. I missed it as was out. ;-(

jj50 - 01 Jul 2004 12:31 - 18 of 39

Fundie,

Yes, was very tempted to sell but decided to grit my teeth and hope it breaks the next resistance level.

little woman - 01 Jul 2004 12:33 - 19 of 39

Thanks all

Its a pity I can't do this every day. I'd never have to work again!

jj50 - 01 Jul 2004 12:36 - 20 of 39

SEY going backwards .. ASC doing well again though

Big Al - 01 Jul 2004 12:49 - 21 of 39

You and me both lw!! ;-))

daves dazzlers - 01 Jul 2004 13:09 - 22 of 39

afternoon all, a nice buy on sbry 2.65, fair price allmost a year to the day since my first batch of sbry. any other buyers out there for this one.

Big Al - 01 Jul 2004 13:14 - 23 of 39

Added to PLR

RR. starting to look a little weak.

seawallwalker - 01 Jul 2004 15:10 - 24 of 39

Big Al,

Just in case you are becoming concerned, I have followed your lead with JKX and PLR mainly because I was share watching anyway on both counts.

With JKX watched it go too far,(I thought) before committing, you merely drew attention to it and reinforced my views.

With PLR, I was in the midst of researching it too, your chart again drew my attention that this may break out, it seems to be doing that albeit weakly so far.

In all cases I do my own research, but appreciate the support you gave in both counts to my held views.

I also hold SEY and am winning nicely there and HNR. Both favourites of mine.

Phew that was long winded, but I want you to sleep at night!

Don't have nightmares!!!

jj50 - 01 Jul 2004 15:16 - 25 of 39

Ditto seawallwalker....always DYOR!

stockbunny - 01 Jul 2004 15:18 - 26 of 39

I am tempted to say who jinxed ANL but there again I suppose it
was pretty predictable that it would fall again short of some real
evidence of the potential bid from Spain...The sad thing is it would have been more convenient had to done so after it hit 529p...At which point bunny would
have exited stage left!!
Seems the bunny is destine to hold yet again for another day.....

Big Al - 01 Jul 2004 15:35 - 27 of 39

sw - good! Don't worry, I always sleep soundly!! ;-)

Not knowing you that well I just wanted to be sure you were deciding on your own research/feelings/trading system. You'd be surprised how many don't! ;-)

We all work slightly differently.

Al

torquay - 01 Jul 2004 15:43 - 28 of 39

Stockbunny-forgive me for saying but what I can glean with your ANL you are on the escalator.You need to be getting in on a lower floor to PCA thus getting an overall profit at lower than 529p.

stockbunny - 01 Jul 2004 15:57 - 29 of 39

Torquay - I can take some sort of profit from 499p upwards, this covers
all costs etc on the deal. I just wanted to clear more as I have it
ear-marked for something else - but planning two moves ahead doesn't
always work outside of the chess board!
Don't worry, it will come good, if it takes a while, it takes a while,
I can hold for some considerable time if needs be - would prefer not to
but if needs must I can..
but I wont buy in further, even if technically I could then average down
my break-even figure by doing so, I really don't want to commit any more
funds to ANL as it was a 'gamble' in the first place anyway.
But thanks for the thought and technically you are right.

torquay - 01 Jul 2004 16:05 - 30 of 39

Stockbunny- I have been in and out of ANL 3x in past 10days,as a point of interest I worked in banking having taken early retirement from ANL.
They have been in a mess for sometime,having said that once they make inroads the share will recover or they will be taken out(share price will recover obviously dependent on market conditions).
On a seperate note I trade on a full-time basis,mainly all of the banks.
Good hunting.

Big Al - 01 Jul 2004 16:43 - 31 of 39

Damned weird day that one.

Only added position was to top up on PLR. Seriously thought about cutting RR., but almost back in the black and it got b****xed! No reason to close and will see what tomorrow brings.

Apart from that, FIB got whacked courtesy of CTM (bad luck Rick), but still can't see a valid reason to take the hit. This opinion might change after I've sat down and had a glass or two of vino! ;-)

The rest done good or flat.

Have a good evening.

Al

daves dazzlers - 01 Jul 2004 16:46 - 32 of 39

ALL MINE A RED ,,BAR 2.WHATS WRONG WITH PEOPLE,,COME OM ,,AND GET SOME BOTTOM FEEDING DONE,,,TUCK THEM AWAY.

Big Al - 01 Jul 2004 16:49 - 33 of 39

dave - I had several actually go up...........and they weren't shorts!!

daves dazzlers - 01 Jul 2004 16:51 - 34 of 39

oh right,halfords/umbro ,mine
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