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Traders Thread - Wednesday 11th February (BSY)     

Crocodile - 11 Feb 2004 00:29

UK PreMarket Futures FTSE +2 DAX +2 DOW Unch S&P Unch Nasdaq -0.5

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Gold/Bond Pivots Markets  Futures Translate
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Nikkei  -37    Hang Seng +56   Asia News

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U.S. stock markets closed higher with gains in technology despite caution ahead of the testimony by Alan Greenspan on Wednesday

Reckitt Benckiser household goods reported 2003 final profits rose 20% of 489 million pounds ust above analyst forecasts of 472-486 million pounds, For 2004 they set targets of five percent plus growth for sales and low double-digit percent growth in profits,

BSkyB misses analysts forecasts but as expected announced but it would pay its first interim dividend of 2.75 pence. The spread beaters are forecasting +5p at the open but could quickly drop!

BAA airports reported a 4.8 percent rise to 9.3 million passengers meeting its its projections in January despite weather disruptions and tighter security. Its seven British airports ,Yell Group telephone directories publisher reported a 10.8% rise in nine-month earnings and said it was on track to meet year expectations. hmmm

Liberty International shopping centre chain owner, said its Chairman Donald Gordon would step down by mid-2005, after months of speculation about his future. The company posted a 13.5% rise to 906 pence-per-share above the market consensus.

BP said it spent about 32 million pounds buying back 7.7 million sharesshares yesterday propping up the share price!

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Antisoma (I), British Sky Broadcasting Group (I) Scott Tod (I), Yell (Q3) Electric Word (F), Liberty International (F), Reckitt Benckiser (F)

Countryside Properties (AGM), United Drug (AGM) Safeway (EGM), BAA (January) Traffic FiguresJan/Dec labour market report (09:30) BoE quarterly inflation report (1030)

Coca-Cola (Q4) The Walt Disney (Q1)  

Douglas Holding (Q1) Elmos Semiconductor A AWD

Ex Dividend: CD Bramall 7p, Daejan Holdings 22p. Grainger Trust 12.8p, Mentmore 0.445p, Sage 1.095, SPW 4.75p, SGC 0.9p.

Croc@SnappyTrader.com  WWW.SnappyTrader.com

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stockbunny - 11 Feb 2004 17:00 - 26 of 28

Seawatcher and Snoball much thanks - may give it a try...
Strange isn't it...I'll put money into an actual share holding based
on personal feeling or hunch - I'm not a risk adverse person
but considering going into CFD's/spread-betting etc and
somehow it feels completely different - totally stupid I know!!

little woman - 11 Feb 2004 17:25 - 27 of 28

Stockbunny - you're right, it's very different - you're not being stupid.

To do it, you need to think short term (which can be just an hour), and can make money on smaller movements. The other thing is you don't have to put all the money up, so you can deal either with less money, or with large numbers of shares! Of course the big thing to get used to is shorting!

I know the bulls (and deep down I'm one) blame the market dropping on the bears, for shorting, but the reality is it's the bulls profit taking that sets the bears off, and when the bulls reinvest the bears close their positions!

snoball - 11 Feb 2004 20:37 - 28 of 28

So right, little woman! We are all bulls and bears.
I am also poor which is why I spreadbet. To trade shares properly I would need lots more dosh than I have.
The last time I bought some shares thee price fell after a few days and didn't come back to the same level for two years. Luckily I has so few it wan't worth selling them and it was better to keep them on the off chance they would come back - something you can't do with spreadbets and cfd's.
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