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Traders Thread & Thoughts - Monday 11th August (BSY)     

Crocodile - 10 Aug 2003 12:33

draw?period=1D&action=draw&startDate=10% draw?period=1D&action=draw&startDate=10%

Gold

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fpDJIA.gqplus?511 marketwatch-ss.img?symb=SP500 fpNASDAQ.gqplus?183

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S&P &Futures (Click for latest)

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Pre Market Futures (7:30)
FTSE +13
TechMark +3
DAX +15

Hang Seng +102

Chart

Nikkei +160

Chart

DOW +6
S&P +1
Nasdaq +4

 

News Headlines:    Upgrades and downgrades for UK stocks on Friday, Credit Suisse First Boston has set a new share price target for broadcaster BSkyB  of 820 pence, along with an investment rating of "outperform". Morgan Stanley has raised its rating on water utility Severn Trent  to "overweight" from "equal-weight" share-price target for the stock to 800 pence from 750p. The bank also cut its price target on water and power firm United Utilities  to 600 pence from 670p, keeping an "equal-weight" rating. Broker Evolution Beeson Gregory has raised its rating on Carphone Warehouse Group to "buy" from "outperform", on the back of recent weakness in the phone seller's share price and maintained a price target of 115 pence per share on the firm. Deutsche Bank has cut its share price target for property firm Canary Wharf Group to 210 pence from 235p, while maintaining its "sell" investment rating on the stock. "Since the announcement on June 6 that the company has received multiple approaches regarding a possible bid, there has been no follow-up news on any potential deal," analyst Jeremy Anagnos wrote in a research note. UBS has raised its share price target on retailer Matalan to 200 pence from 179p and rates the stock as "neutral".

BAA says it handled 13.2 million passengers at its seven British airports in July, up 2.2 percent on the same month last year. They said it would have had its busiest month ever without a wildcat strike by British Airways check-in staff at Heathrow in July.

Calendar

All GMT

ukf.gifUnited Kingdom (F)inals (I)nterim usf.gifUnited States (Click Flag) euro.gifEurope & World

Mon 11th August

Reporting

Company Updates

Financial Data

BAA July Traffic Figures Morgan Sindall (I) PBT 1.5m exp. Management Consulting (I), Workspace Group (Q1)

00.01 July BRC Retail Sales Monitor Europe: SAS AB (Q2) 09.30 July PPI Input m/m 0.7% exp. 09.30 July PPI Output m/m 0.1% exp. 09.30 June Non-EU Trade Balance -1.85bn exp.

   
Good Trading!   David@FTSEDOW.com    www.FTSEDOW.com

Bloomberg TV          

Pivot Calculator

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Crocodile - 10 Aug 2003 12:34 - 3 of 11

Sunday News 10th August         

S

Sunday Times:

Emaps celebrity mag runs off with the ratings SSL International Nivea group considers a bid for Durex Lastminute clicks with Tesco Founder mulls exit at French Connection Jaeger back in fashion with Tillman relaunch Scottish and Newcastle Coats Reubens head the queue for S&N British Airways Duo takes to the skies while others fear to fly Alstom slashes jobs in UK retreat Slough planning $1bn biotech park demerger Lastminute clicks with Tesco P&O Sterling warns government on 300m Thames estuary port Paddy Power places a bet on Londons Chinese punters

British Airways Interview: Daire O'Brien: High-flyer with a hip hop attitude A Share in the Boardroom: Trinity Mirror Barrett raises the bar at underdog Barclays Sharewatch: BAT Sharewatch: Offshore gas deal Cairn Energy Lord Harris's working day Carpetright Sacking of Morrison lost Desmonds IIU 103m Focus: Hot wheels Reg Vardy Share of the Week: Smith & Nephew Directors' Deals: Hedge fund boss bets on further growth Man Group Vital Statistics Carpetright

Vodafone to swell telecom tycoons fortune with 400m buy

SATELLITE broadcaster BSkyB could not have had a better boost this week with the award of exclusive rights to screen Premiership soccer for three more years - relieving shareholders as it was vital for the group to retain the rights. BSkyB, the UK's largest media group, is expected to beat City forecasts in full-year results on Tuesday. Analysts predict better subscriber numbers this year and next. The company's share price rose 4.3% last week with good reason. Family-run oil services company John Wood Group has relied on organic growth and carefully considered acquisitions since it floated last year and now employs 12,000 staff in 34 nations. The share price is off its post-float high of 218p, but has moved in tune with the FTSE All-Share* index and the consensus forecast is for 30% growth in pre-tax profits this year.

Sunday Telegraph

Buoyant BSkyB set to resume dividend payments Price war looms as US clears AstraZeneca drug Caudwell nets 400m in sale to Vodafone Regus set to emerge from Chapter 11

Smith and Nephew We didn't need Centerpulse anyway, says O'Donnell Barclays 'I'll be your worst nightmare director'

Barclays seeks a giant Euro-merger BSkyB Elstein: 'would you trust ITV's management?'

THE showman-like performance of the chief executive of low-fares airline Ryanair, Michael O'Leary, will continue to mesmerise elements of the stock market. But the airline last week reported lower profit margins and fare yields in its first quarter. Mounting capital expenditure threatens Ryanair's free cashflow and margins as it is forced to lower fares to sell seats on its fast-growing aircraft fleet. Sell. Marmite-to-Walls ice cream group Unilever should say its growth strategy is back on track in its full-year results next February. Medium term, there is the prospect of rising dividends* and share buybacks. Buy.
Observer Trinity rejects new Candover approach Celtic boss seeks to block Sky football deal Hewitt set to veto Big Three Safeway bids Lonmin backs Anglo in Ashanti battle

 Barclays' dream ticket

Regus may go bust as sales slump Celtic boss seeks to block Sky football deal

Independent Granada / Carlton After the blowout, the beautiful game must play ugly to get back on its feet Lonmin to reject $1.5bn Ashanti bid BSkyB nets TV rights but the referee could rule it out

Business View: Just half a billion more from Morrisons and Safeway is in the bag

Caudwell accepts Vodafone's 400m FirstGroup The Lowdown: He can stand the heat but he's simmering about those tracks

BUSINESS process outsourcing group Infast, which ensures manufacturers have enough basic components, has not had a happy time in the past. But boss Robert Sternick has rationalised and invested in the company, cutting debt, raising turnover and putting it on target for 4.7m profits this year and up to 6m next. Hambro's decision to sell its shares has left the stock in the dumps, but shareholders including Alchemy's Jon Moulton have remained loyal and there is quite an upside.

Scotland on Sunday

Ryanair Holdings Barfly I-Documentsystems Software firms shifts HQ north of the Border BSkyB on the ball with deal and back in black HBOS BoS, Warner in 170m fund talks

Smith and Nephew Banks turn out to be hot stuff while firms struggle through summer Allied Domecq ordered to pay out 4m

Scottish Power Powering the way to accolade  

Sunday Express POSITIVE surprises at car equipment subsidiary Driveline and helicopter maker Agusta Westland brought first-half profits ahead of expectations at engineer GKN. It has shed staff to cover an uncertain 2004 outlook and is winning orders. Although management says it expects a tougher second half, the shares are still worth buying at 234 1/2p.

Investor Chronicle

Tips: Buy Lloyds TSB (LLOY) at 464p - Alexon (AXN) at 295p - Mears (MER) at 98p - Debt Free Direct (DFD) at 58p - Stanley Gibbons (SGI) at 33p.Sell Phytopharm (PYM) at 199p. Tip Updates:Sell Capital Radio (CAP).Buy Braemar Seascope (BMS).Monterrico Metals (MNA) and Bellway (BWY) are good value. Company Results:Buy Royal Bank of Scotland (RBS) - Shire Pharmaceuticals (SHP) - Alfred McAlpine (MCA) - Alliance Unichem (AUN). Sell HSBC (HSBA) - Rolls-Royce (RR) - Hanson (HNS) - Bookham Technology (BHM) - Unilever (ULVR).

Shares Magazine 

The Plays of the Week: Buy Stanley Gibbons (SGI) at 34p - Cape (CIU) at 48p - Turbo Genset (TGN) at 26p - Mayborn Group (MBY) at 118p. Updates: Buy Infast (INS).Hold Galen Holdings (GAL). Company profiles: Coffee Republic (CFE) - Topps Tiles (TPT) - Bank Restaurant (BKR) - Sainsbury (SBRY) - mmO2 (OOM) - Victrex (VCT).

Click the paper name for a link.     david@ftsedow.com     www.ftsedow.com

 

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little woman - 10 Aug 2003 17:42 - 4 of 11

Evening croc - just dropped in for a good read.

jgp212 - 10 Aug 2003 19:50 - 5 of 11

Always a good read!!

:-)

Jeff

jgp212 - 10 Aug 2003 19:57 - 6 of 11

Long on the the follwing:

ISYS
MDY
MT.

Roll on Monday am!!

Jeff

:-) or :-(

Jeff

jgp212 - 11 Aug 2003 06:55 - 7 of 11

Good Morning All.

:-)

Jeff

ThePlayboy - 11 Aug 2003 07:04 - 8 of 11

MARKETS CLOSE at 4.30

DJ 9152
S&P 975.6
NAS 1644

MONDAYS FTSE PP

R2 4199.8
R1 4173.8
PP 4134.7
S1 4108.7
S2 4069.6

Close above Fri r2 after gaining 3.5 pts in the auction, back into the 4117/4161 FIB trading range after testing the higher FIB level! Dj at our close was above its PP, possibility of stocks being held up into option exp later next week

WEEKLY FTSE PP

R2 4233.5
r1 4190.6
pp 4117.8 (FIB level)
s1 4074.9
s2 4002.1

Managed to close above last weeks weekly PP!

ThePlayboy - 11 Aug 2003 07:05 - 9 of 11

Updated 8/8 for Monday's market.
Key DOW Levels for 8/11
UP Above 9,200
DN Below 9,150

Consolidating
Dow trades sideways, forms tight consolidation at the highs.

From prior commentary, "...The Daily Chart shows that the 9,000 level continues to hold steady for the second straight session. It is safe to say that the index will not get another solid move lower until this level is cleanly broken. If the index continues to hold above this level, look for another push higher within the wide trading range..."
The Dow moved higher at the Open, but stalled the rest of the session to form a tight consolidation at the highs from 9,150 to 9,200, seen in the 15 Minute Chart. Looking at the Daily Chart shows that the index continues to move slowly higher within the wide trading range, further solidifying the fact that the 9,000 level is key support.

The Dow has formed a clear trend line beneath the lows of the 15 Minute Chart. A downside break of this line at 9,150 will likely spark a move back down toward the 9,000 level. On the Long side, an upside break through the top of the consolidation at 9,200 will likely fuel another push higher within the wide trading range. Watch this range tomorrow.

We have had several small losses this week, as we have traded the breaks out of the trading ranges. Our "fulcrum" method is based on movement away from a fulcrum, and sometimes, we don't get the move, as has been the case this week. We feel the market is getting close to a Decision Point, and will make one of these moves. We will watch 9,150 down, and 9,200 up Monday.

Short Term Dow

Short term, the Dow has formed a tight trading range from 9,150 to 9,182, seen in the 5 Minute Chart. Watch for a break from this range for short term direction.

Medium Term Dow

In the medium term, we entered the market Long this morning at 9,181, but were stopped out again on a trading range reversal. No other trades were triggered and we are now out of the market.

NASDAQ & S&P

The NASDAQ and S&P each traded sideways alongside the Dow today. Watch support on the NASDAQ tomorrow, and the tight consolidation formed in the S&P. *

Summary

The Dow moved strictly sideways today, forming a tight consolidation at the highs from 9,150 to 9,200. Watch this range for entries Monday.

Thanks for listening, and Good luck in your trading..


Crocodile - 11 Aug 2003 07:40 - 10 of 11

Morning all, Best of luck for the day.

Druid2 - 11 Aug 2003 08:20 - 11 of 11

Morning all.
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