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Traders Thread - Wednesday 21st January (SOF)
Crocodile - 20 Jan 2004 23:25
| Premarket Futures | FTSE =2 | DAX -2 | DOW +2 | S&P -0.2 | Nasdaq -2.5 |
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| London Traders Day 29th January - Traders Room Investors Room | |||
| News: | Sorry Your browser is not java capable | |
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The Dow tumbled despite a slew of upbeat earnings but telecom gains enabled the Nasdaq to stave off such losses. The Dow Jones fell 71.85, S&P down 1.06 but the Nasdaq finished up 7.51 Motorola & AMD bring in good figures. The Pound has its biggest jump against the dollar for years and there are now real fears that the weakness of the dollar will end the global economic recovery Somerfield reported a big jump in first half profits on Wednesday and said sales were on an improving trend. Pre-tax profit of 15.5 million pounds up from 6.4 million pounds profit the previous year.and compared with most analysts forecasts in a range of 8.3-14.3 million pounds. The interim divided was hiked 50 percent to 0.6 pence per share. Somerfield, which rebuffed a takeover attempt last summer to pursue its own recovery plan, said its group like-for-like sales rose 1.5 percent in the first 10 weeks and early market indications are looking for a 2p rise is share price. Cadbury Schweppes said it had appointed Ken Hanna as its chief financial officer starting in April. TBI: Germany's biggest building company Hochtief said it was no longer considering a potential acquisition of the British airport operator Morgan Crucible said trading since it announced first-half results in September had been in line with its expectations, but the timing of a market recovery was unclear. |
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Somerfield (I) PBT 44.7m exp. GW Pharmaceuticals (F), Cookson Q4 Trading Update 00.01 Treasury Committee Publishes Report on Budget Deficit 09.30 Bank of England Minutes Released 09.30 Dec Public Sector Net Borrowing 5.5bn exp. 09.30 Dec Preliminary M4 money Supply y/y 6.8% exp. 09.30 CML, BBA & BSA Mortgage Lending Figures |
Computer Ass (Q4), eBay (), JP Morgan Chase (Q4), Lucent Tech (Q1), Merrill Lynch (Q4) 12.00 US MBA Mortgage Applications (w/e 16/01) 13.30 US Dec Housing Starts 1955k exp. 13.30 US Dec Building Permits 1868k exp. |
11.00 EMU Dec CPI y/y 2.1% exp. 11.00 EMU 3rd Quarter Revised Labour Costs y/y 3.0% exp. |
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Ex Dividend: Arla Foods (0.5), Baggeridge Brick (4.25), British Land (4.43), Burberry Group (1.5), Galen holdings (2.4), HMV Group (1.3), Heiton Group ( .07), Iaws Group ( 0.047), Imperial Tobacco (30), Kelda Group (8.1), Kleeneze (1), Lonmin (US$ 0.42), Northgate (7) |
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Melnibone - 21 Jan 2004 14:55 - 20 of 34
Just taken the profit on the SBRY I said I'd bought yesterday.
Should have took it yesterday, could have taken the same again
today.
Testex, well done on sticking with IMT, you've called this one
great. Have you taken the money yet or holding on for more?
Melnibone.
stockbunny
- 21 Jan 2004 15:03
- 21 of 34
the FT produced a listing of the FTSE companies right down to
fledgling listings, giving details of divi's, report dates etc.
It was produced in their Money Guide that used to come with the FT
on the weekend. Now although the money guide is incorporated with
the finance and business section now, it may be worth checking a
copy this weekend to see if they do a list for this year. I found
last years invaluable and all for 1 as the FT was than!!
Melnibone - 21 Jan 2004 15:10 - 22 of 34
Quite pleased how this strategy worked out. Testex played
it better and I learned something today. Working out a strategy
now that may give 3 bites at the same cherry using 3 separate
positions.
Melnibone.
stockbunny
- 21 Jan 2004 15:17
- 23 of 34
Melnibone - 21 Jan 2004 15:23 - 24 of 34
Hi stockbunny, when I've worked out the 3 bites, I'll post
it here for you folks to point out any errors.
Melnibone.
Melnibone - 21 Jan 2004 15:34 - 25 of 34
I've get 3 stocks, SBRY,GSK,SHEL, that I can now buy back
again cheaper. But the way I interpret my daily FTSE chart
is telling me that more downside is on the cards.
They say that if in doubt stay out, so I'd better maintain
discipline and wait for the hopefully cheaper prices.
Melnibone.
stockbunny
- 21 Jan 2004 15:45
- 26 of 34
Curious amount of buying into SSE - defensive day??
Melnibone - 21 Jan 2004 15:53 - 27 of 34
If it closes below here it should be negative for the stock.
Melnibone.
little woman
- 21 Jan 2004 16:19
- 28 of 34
stockbunny
- 21 Jan 2004 16:22
- 29 of 34
good day if you were in SSE plus 18p currently also good day
for MLN (Matalan)and MKS starting to show good but the banks..
LLOY not great and HBOS..!$$% bad day!!
little woman
- 21 Jan 2004 16:36
- 30 of 34
Melnibone - 21 Jan 2004 18:48 - 31 of 34
I don't know about anyone else, but that strong finish completely
fooled me on the FTSE.
What I'm looking at here is the last 6 bars.
The first five of them are classic higher highs and higher lows.
The last bar is a lower low and a lower high.
This can sometimes be interpreted as a possible end to a swing high.
One other possible interpretation that strikes me, is that today's
bar, the last one, has closed the gap open between the Friday and Monday
bars.
If you look closely, you can see that it just dipped below the Friday
close and then buyers came in and drove it higher to a strong finish.
We should be able to make a better guess when we see how the US finishes
tonight.
So, all in all, I'm getting conflicting signals.
Anyone else got a view?
Melnibone.
ThePlayboy
- 21 Jan 2004 18:59
- 32 of 34
R1 4519
PP 4503
S1 4495
S2 4479
Ftse closed above Wed pp after gaining 5.6pts in the auction! 2 day chart more difficult than ever with rangebound action, downward sloping consolidation, range 4485/4520 for Thu? imho! strength if dow holds 10500 tonight!
ThePlayboy
- 21 Jan 2004 18:59
- 33 of 34
little woman
- 21 Jan 2004 19:00
- 34 of 34
D4F is currently quoting 4515/19! so I just closed part, leaving a small amout for open. This may change depending on what happens in the next few hours!
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