MOSCOW (AFX) - Shares in Yukos plummeted in midafternoon trade after news
that the government is poised to sell the oil company's amin production asset,
dealers said.
At 2.50 pm, the stock was down 15.54 pct at 6.63 usd, its low for the day
and off an intraday high of 8.03.
newsdesk@afxnews.com
jms

Just a flying visit. Looked up at Bloomberg whilst laying some
flooring and saw GSK had jumped 3% in a morning on the back of
another company's news.
Seems a bit rich to me. Folk should be stock specific at the moment,
not sector specific, IMHO.

Happily took the profit and looking for some more Bulls to do the
same so that I can re-enter and take some of the same profit again.

God and Greenspan willing!
Is there a difference? :-))

Catch you later.

Melnibone.

Haven't posted much today as I've been trying to look at where we are and what's happening as well as dealing with a couple of other things.

Lobbed RPT, SBT for small losses.
Halved holdings in MRS and AQP for nice gain and small loss respecitvely.
Took new long on AHT with a tight stop.
Added to LAC short early and WBY long late.
Took MGCR long with tight stop late on.

For all the talk of reducing holdings, things got rather busy!!

Have a good evening all.

Evening all.

Looks like I made the right decision to take the GSK profit. Nice drop
this afternoon. Will wait to see what Greenspan has to say and the US
reaction before making a decision to buy them back again.

My MRW have dropped 0.75p including the spread. So not much
damage done there.

I see the alternate Telecoms, CTM and THUS, are still drifting down
as I suggested they would. 15p should give direction for THUS, if it
gets there to test it.
CTM could test the 28/30p lows unless it attracts some buyers soon.
Must be about time for someone to start yet another takeover rumour. :-)

The market looks like an oversold bounce off support to me. US will decide
how long and how far it goes. We aren't out of the woods yet.
Institutions, which move these markets, will probably wait to hear
what Greenspan has to say before commiting their funds. If they don't
like what they hear, the only buying pressure will come from Bears taking
profits and bottom fishers.

Still, range is still intact and we don't seem to be gurgling over
a cliff just yet.

Melnibone.