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Traders Thread - Tuesday 11th November (EMA)
Crocodile - 10 Nov 2003 22:19
| Premarket Futures | FTSE -15 | DAX -20 | DOW -35 | S&P -3.6 | Nasdaq -5 |
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Despite positive news in the tech sector U.S. stock markets sank lower on profit taking with the Nasdaq down 29.10, Dow Jones, down 53.26 and the S&P 500 down 6.10. Canary Wharf, No guaranteed bid. Kingfisher said its sales growth slowed in the third quarter, as it had anticipated due to very hot summer weather but tight control of stocks and costs reduced the impact on profits. Third quarter sales grew 3.6 percent compared with 5.5 percent growth in the first half. Emap publishing and radio said it should meet full-year goals even though it expected no material change in trading conditions during its second half. They posted a nine percent rise in profit to 94 million pounds in the six months to end-September, on turnover up seven percent to 509 million pounds. International Power reported nine months earnings at the bottom of analysts' forecasts and warned that tough conditions in the U.S would send profits down further in 2004. Earnings per share for the nine months fell to 7.2 pence from 12.8 a year ago. Analysts had forecast 7.8 pence and the company said things were so bad in the U.S that it may have to mothball some capacity. BAA airports operator reported a four percent rise in October passenger traffic from a year ago, its strongest performance since the Iraq war this year. The lucrative north Atlantic sector recording its first monthly gain since February. Xansa computer services said it expected turnover to be down in the second half although in line with its expectations amid challenging market conditions. Northern Foods reported a 16 percent fall in half-year profits. After three profit warnings in the last two years the group said it aims to stabilise second-half profits at last year's level. The company, which makes own-label ready meals for Marks & Spencer reported 6 month profits of 32.5 million pounds at the top of analysts forecast range of 29.5-32.5 million pounds. Reckitt Benckiser report later |
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Dicom Group (I), nCipher (I), Comino (I), EMAP (I) 92m Intechnology (I), International Power (I) Northern Foods (I), Oxford Instruments (I) VT Group (I), Galen Holdings (F), Reckitt Benckiser (Q2)Dicom Group (AGM), ICM Computer (AGM) Smiths Group (AGM), Kingfisher (Update) P&O Trading statementCBI regional trends survey |
JC Penney Q3 12:45 BTM retail chain index |
Bayer D Q3, Beiersdorf D Q3 Banca Intesa I Q3, Celesio D Q3 Mediaset I Q3, T-Online D Q3 Wedeco D Q3 |
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little woman
- 11 Nov 2003 10:57
- 16 of 45
little woman
- 11 Nov 2003 11:38
- 17 of 45
Paulismyname
- 11 Nov 2003 11:54
- 18 of 45
Paul
little woman
- 11 Nov 2003 12:16
- 19 of 45
Paulismyname, its a shame you can't post a thread and see if theres anyone out there who would be prepared to do it........
Melnibone - 11 Nov 2003 12:26 - 20 of 45
Now have the option of buying back cheaper.
Too close to the US open to make a decision now.
Futures look weaker so will wait and see the US
market direction.
Melnibone
little woman
- 11 Nov 2003 12:49
- 21 of 45
Melnibone - 11 Nov 2003 13:03 - 22 of 45
about money supply in the US.
Apparently, this month, it turned down for the first
time since 1995.
Couldn't get a firm grip on how this was worked out
but the bottom line was that if this didn't turn up
again soon then it could prove negative for stocks.
Melnibone.
little woman
- 11 Nov 2003 14:13
- 23 of 45
She's just started a thread on MKS (Surprised if there aren't others!). I must admit, increasingly I'm not bothering to read any of the new threads. I like a bit of history with them - more interesting to see how things change over a period of months rather than the last few days. (Also to see if they have managed to ramp the price up or not!)
little woman
- 11 Nov 2003 14:24
- 24 of 45
Am I being too harsh!
little woman
- 11 Nov 2003 14:26
- 25 of 45
little woman
- 11 Nov 2003 14:35
- 26 of 45
Legins
- 11 Nov 2003 14:40
- 27 of 45
There are probably far more investors than there are traders and those investors who just register but do not subscribe to am don't get access to the traders room. Maybe an explanation.
Melnibone - 11 Nov 2003 14:49 - 28 of 45
Due no bonds trading today I would expect the US
stock volume to be down. This will lead to whippy
technical trading.
Nobody will want to be caught on the wrong side of any move.
I would therefore expect no direction to be given for the
FTSE to trade tomorrow by the US market.
Doesn't mean that I'm right, but you need to have an opinion
to formulate a view and enter or exit positions in accordance
with that view.
Otherwise you just end up watching stuff and doing nothing.
Melnibone
little woman
- 11 Nov 2003 14:50
- 29 of 45
The difference is that the traders post mostly on general threads. For example this thread on the traders room has between 250 and 400 post a day. This one has now getting about 30 posts, instead of the 5-10 it used to.
As I said, quality rather than quantity when it comes to threads in the Traders room. Also I suspect a reason why many traders never venture over to the investors room.
Druid2
- 11 Nov 2003 14:52
- 30 of 45
ThePlayboy
- 11 Nov 2003 14:55
- 31 of 45
little woman
- 11 Nov 2003 14:56
- 32 of 45
Melnibone - 11 Nov 2003 15:08 - 33 of 45
MKS is a bit of an oddball as far as the ftse goes.
As you can see above, the only times it's tracked it
during the last 5 years, is for about 10 months during
02/03.
It's now diverging again.
What attracted me this week is I expected the selling
pressure to come off as it approached ex-divi and was
down near support levels, this would
maybe lead to small bounces from any weakness.
If it drops again tomorrow, depending what the FTSE is doing,
I may buy again as selling pressure remains low towards the
register day for paying the dividends.
May not work, but you need a plan and a reason for opening
positions.
Melnibone
little woman
- 11 Nov 2003 15:10
- 34 of 45
Melnibone - 11 Nov 2003 15:31 - 35 of 45
What's keeping me away is that I think that the bounces are caused
by Bears taking profit, not by folk buying on weakness.
If it closes below 400p then the Bears will target a lower price
at which to take profits. If you are long and mistime it there
is a strong risk that you will either get locked in or stopped out
of a losing position.
Until this Spitzer thing gets cleared up there is negative sentiment
on the stock.
If Croc's prediction of a big drop comes true then AVZ will drop
more than the FTSE because it is a geared play on the market direction
because of the nature of its business.
Not trying to put you off, just airing my view. :-)
Melnibone
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