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Traders Thread & Thoughts - Monday 22nd March (SHEL)     

Crocodile - 21 Mar 2004 15:52

UK PreMarket Futures FTSE -35 DAX -35 DOW -24 S&P -2.7 Nasdaq -5

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Gold/Bond Pivots Markets  Futures Translate
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S&P Futures

Nikkei  -237    Hang Seng -100  Asia News

DAX CAC  Euro News
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Northern Foods said it expected to report results broadly in line with expectations for the year to the end of this month.

Wolseley the world's largest supplier of plumbing equipment, said first half profits rose by 21 percent to 226.3 million pounds, in line with estimates, and it saw the U.S. industrial and commercial markets improving.

Ebookers online travel agency grew 90 percent in 2003 as it announced its first ever adjusted pre-tax profit to 1.3 million pounds and said that 2004 had got off to a strong start.

Forth Ports posted a better-than-expected 12 percent rise in annual underlying profit and said it was confident of earnings growth in 2004.

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euro.gif Europe & World (GMT)

 Aero Inventory (I), Hit Entertainment (I), Inventive Leisure (I), Kier Group (I),Ashtenne Holdings (F), Churchill China (F), Collins Stewart Tullett (F), CSS Stellar (F), EBookers (F), Enterprise (F), Forth Ports (F), Hiscox (F), Hit Entertainment (F), John Laing (F), London and Associated properties (F), Maclellan Group (F), Pennant International (F), TripleArc (F), Venture Production (F), Wolseley (F), MyTravel Group (AGM)

Carnival Corp Walgreen Co

17:00 Core PPI Feb DATE TBA 0.1% 17:00 PPI Feb DATE TBA 0.5%

France Telecom

Croc@SnappyTrader.com  WWW.SnappyTrader.com

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zarif - 22 Mar 2004 13:44 - 22 of 34

Hi everyone.
Fundamentalist - i have sent u internal mail by mam.

rgds
zarif

Fundamentalist - 22 Mar 2004 13:58 - 23 of 34

Zarif

tx, you have return mail

Fundamentalist - 22 Mar 2004 14:31 - 24 of 34

Mel,

just looked at the SKP trades from earlier. Three trades all at 63.5p for 400,000 , 1,284,150 and 1,684,150. looks like a rollover or a transfer to me - I think if 3m shares had been dumped this close to results/annoucements the price wouldn't have held. Any thoughts?

Melnibone - 22 Mar 2004 14:41 - 25 of 34

My only thoughts are that I don't know what SKP are going
to announce or when.

It's in half way house at the moment in between support and resistance.
Therefore I won't take a position. If I call it wrong there
is the danger of a large % move against me in a very short
space of time.

There are plenty of opportunities out there at the moment, so
I don't see the point in taking an unneccesary risk.
If it soars, it will retrace as folk take profits, if it crashes
it will bounce as Bears take profit and bottom fishers move in.

Best for me to wait and take one of the above options.

Melnibone.

Melnibone - 22 Mar 2004 14:44 - 26 of 34

little woman,

assuming I was correct, how did your friend take the news
that the stock price was in Euros and the divi was in cents?

What did he/she decide to do?

Melnibone.

stockbunny - 22 Mar 2004 14:59 - 27 of 34

Anyone think we could hit as low as 4300 today?
I hope not, but it's not looking encouraging.

little woman - 22 Mar 2004 15:05 - 28 of 34

Melnibone, I don't know, I've not heard from my friend. I think he had the shares for many years in an account. Because he's not done any trades for years either he rarely gets statements. I think he's trying to "get his house in order" and is thinking about selling them - but doesn't know anything about them!


stockbunny - 22 Mar 2004 15:13 - 29 of 34

FTSE appears to have turned the corner & is now gaining.

stockbunny - 22 Mar 2004 15:17 - 30 of 34

I did NOT say that! (tempted fate...sorry)

little woman - 22 Mar 2004 15:21 - 31 of 34

It looks like the bears have come out to play with a vengeance

stockbunny - 22 Mar 2004 15:22 - 32 of 34

Certainly does....
LLOY does look tempting doesn't it?? (grin..)

Crocodile - 22 Mar 2004 15:25 - 33 of 34

Long FTSE -94

Melnibone - 22 Mar 2004 15:44 - 34 of 34

A lot of the stocks I'm watching haven't really dropped
very much. Disappointing really.:-(

Got a couple of stock longs now, not convinced we're in Bear
mode as yet.

Melnibone.
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