Gold
	S&P &Futures (Click for latest)	Pre Market Futures (7:30)
		FTSE	-5
		TechMark	-3
		DAX	-8
Hang Seng +-	Nikkei +-	DOW	-19
		S&P	-1.8
		Nasdaq	-8

 

News Headlines:    The Bank of England's Monetary Policy Committee announces its latest interest decision at midday with the result to close to call by analysts.BAA airports operator, says it handled 12 million passengers at its seven UK airports in June, up 2.9 percent on the same month last year.Stanley Leisure says its betting unit has made a good start to its new financial year but margins at its casinos have been affected by losses to major playersWolseley, the world's largest supplier of plumbing and heating equipment, says the weaker U.S. dollar will hit its underlying numbers and that some European markets remain challenging. The company reported a 2.7 percent rise in first-half profits in March and said it saw no evidence of any major slowdown in activityCarillion says first-half profit at its construction services unit is likely to be 10 million pounds lower than expectations after difficulties with a government contract. The company said its business services unit had had a strong first half which was likely to continue for the rest of the year and should allow it to deliver full year profits before tax and goodwill of not less than in 2002 Calendar All GMT United Kingdom (F)inals (I)nterim United States (Click Flag) Europe & World Thu 10th  Low & Bonar (I), Stanley Leisure (F) Yell IPO. When Issue(range 250p 300p) EMAP (AGM), Carillion Trading Statement Wolseley Trading Statement 12.00  BOE Rate Announcement 13.30 June Import Price Index m/m 0.5% exp. 13.30 Initial Jobless Claims (w/e 05/07) 420k exp. 07.00  June German Final CPI 0.3% exp. : PepsiCo (Q2) 11.00  Q1 Revised GDP q/q 0.0% exp. 11.00  EU 2nd & 3rd Quarter GDP Forecasts 12.45  ECB Rate Announcement Good Trading!   David@FTSEDOW.com    www.FTSEDOW.com            Pivot Calculator

Ah but ThePlayboy - although it's quieter, the investors room is currently developing (I think) quite well. I can use the traders room, but choose not to. Too much information overload!

little women-yes, I have seen more posts here recently and it would be nice to see it build, will post here the odd time also to do my bit!

CS. now selling at 18.25p (will wait out for 19P?) Why still going up? Dealers still want to sell far more than they want to buy!!!!!!

L.W. - here's something for you. Top of 23.

4th July
LONDON (AFX) - Shares in Corus Group PLC were extending their recent rally
after ABN Amro upgraded its recommendation to 'buy' on hopes of positive
newsflow from the steel group in the next three months, dealers said.
The broker, which formerly rated Corus shares a 'hold', set an initial
target price of 23 pence.
"Corus is still a speculative investment at this stage but we see a big gap
between the current share price and where it could be if the group achieves its
goals," ABN told clients.
It argued that the troubled group is stabilising, with new financing
agreements with banks -- including ABN itself -- having already been pencilled
in.
"We await confirmation of the final syndicated facility and expect this to
be positive for Corus's equity," the broker said.
It also reckoned Corus has seen an improvement in its loss-making UK
operations during the first half 2003, helped by steel prices, sterling and
cost-savings.
This should be enough for the group to show a profit for the UK when it
reports interims in September, ABN said.
The broker was also encouraged that Corus chairman Brian Moffat has a strong
track record of corporate reorganisation, given the group is faced with further
restructuring in the UK costing an estimated 250-350 mln stg.
At 10.11 am, shares in Corus were up 0-1/2 pence to 18. They have rallied
from 14-1/2 pence over the past five sessions.

3rd July
LONDON (AFX) - Corus Group PLC said the Central Works Council of Corus
Nederland has given positive advice on a new three year banking facility which
will facilitate the ongoing process of securing the facility.
On June 4, Corus announced that as part of the process of securing a new
three year banking facility to fund its medium term working capital
requirements, Corus Nederland BV's management board would consult with its
Central Works Council.
These consultations would consider that the terms of the new banking
facility would include the provision of security over the shares of Corus
Nederland BV, and the intermediate holding companies above it.

Bear Stearns investment strategist Francois Trahan believes the pace of the recent equity market advance will slow as he expects earnings growth in the second half of the year to decelerate, versus Wall Street expectations of an acceleration. He feels diminishing productivity and pricing power will weigh on earnings, and the interest rate and capital expenditure outlooks remain uncertain. "Accordingly, earnings-focused investors are likely to be disappointed as estimates continue to be shaved toward more realistic levels," Trahan said in a note to clients.

Thanks BrianTrada,

Knew about the central works council but not the up grade. I've considered Corus undervalued for some time which is why every time the price drops I pile back in!(I've always been able to sell out at just over 19p before the price drops again!) I've increase my limit sell to 22p (just in case it doesn't make the 23p before it drops!!!!!!!) - not bad for a share that a lot of people stay well clear of!

well 1273/71 on the NDX held so far under that 1255/50 is the spot.

OEX $-weighted put/call @ Thu Jul 10 11:00:00 2003: 0.43 (calls: $10875900; puts: $4665950).

QQQ $-weighted put/call @ Thu Jul 10 11:00:00 2003: 3.35 (calls: $317610; puts: $1062660).

OEX dip buying, QQQ shorting.

FRI FTSE PP

R2 4090.8
R1 4059.8
PP 4037.1
S1 4006.1
S2 3983.4

Close below Thu s1 level, ftse only gained 0.2 in auction, ftse fib trading range now 4054 (38.2%) and 4015 (23.6%).

The Playboy.

Thanks very much for posting the pivots.

Had to pop out for a while and have now just caught up with the thread. Thanks for your support above. I have never posted anything negative on the Traders Thread. I always feel that we are all here to help and teach each other to trade and make money. Everything has now been sorted out.

Happy and prosperous trading to all whether long or short.

So do the rest of get to learn what it all means?

- Got to go and play a 9 holes of golf (should have tee'd off 2 min ago!) Be back later