Decent day here. LLOY weekend trade closed at first 398p peak for +3, MRS went and closed at a new high (fiver by August!), opened a couple of AQP longs and still holding, but it got sold off, FTC tried to plummet again and failed (it will soon), lobbed TFC and JKX, SBT went up, RPT went down (still holding both), went long WBY and short LAC. PLR buggered about as usual and went short AZM very late.

Failed to chase TIG (t*t!)

Finding myself chasing trades at the moment, which is not good. Getting over-confident so looking to cut a few and sit on the good ones.

S&P really threatening to give a good break of the 200d SMA - it needs to make an upmove methinks or a few bets are off!

Evening all.
I'm cream-crackered. I would say something else, but I believe there
are ladies present.:-)

I never knew you could fit so much stuff into one room until I came
to shift it all. I'm fed up with removing those 'orrible spikey
carpet grippers as well. It's like juggling with porcupines.

Market drifted a bit on lowish volume. Nothing to write home about
and we're still in the range.

US didn't exactly crash, either. Looks pretty flat to me.
Greenspan waffling for the next two days. I wonder if
he'll upset the apple cart again.

Banks still dropping.
LLOY down to 392p now. The yield must be over 9% on this little
devil. Bet you're glad you never bought at 414p, stockbunny, as you
were musing about. If you did, I'll never speak to you again after
sorting out all those warning charts for you!
Only joshing. You do what you want to do. :-)

GSK is making a meal of hitting 1000p. I'm getting tempted.
To give some percentage perspective at these level, it's the same
as saying I'd buy ARM at 100p but not 104p. I need to think about
that. I'm in danger of being pedantic here.

MRW holding support well at 180p. The Brandes buy on Friday stopped
the rot here, IMHO. Got the Bears worried, poor things.
Still got my eye on that big gap down open that is begging to be filled.

OOM getting more friendless every day. Bit concerned it was downgraded
by Brokers. Don't trust that lot as far as I can throw them. If they
want a stock to come down it's for a reason that will suit them, not us.
Watching for a buying opportunity. This one is starting to throw off
cash and will be snapped up one day by someone wanting a stake
in the European Mobile sector. There's no room for new players.

VOD just below resistance on the 1p close price P&F chart.
I'd like to see it close at 115p and bounce.
VOD is a quality cash cow with plenty of growth potential via organic
3G and aquisitions. Don't ignore its potential just because it's
the world and its dog favourite trading stock.

Try and catch you tomorrow sometime if my aching knees let me hobble
to the keyboard.
Feel free to shift this post to tomorrows thread if you want, Martini,
if you think it's appropriate.

Stay loose and don't play the range break until it happens guys and gals.
Don't want to get caught shorting at the bottom do you?
If it does break, it'll come back to have a quick retest anyway and
give you a safer entry point.

Melnibone.