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Traders Thread & Thoughts - Monday 20th October (SGE)     

Crocodile - 19 Oct 2003 13:21

Premarket Futures 20th Oct FTSE +-  DAX +- DOW +- S&P +- Nasdaq  +-

1 DAY  2 DAY  5 DAY  (Click)

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FTSE 250

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FTSE Small Cap

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FTSE TechMark

1 DAY  2 DAY  5 DAY  Futures (Click)

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Nasdaq 100

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S&P 500

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S&P Futures

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Nikkei +-  / Hang Seng +- (Click)

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10 Year Bond

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 News: Sorry Your browser is not java capable  

US Close:

 

The news will be posted approx 7:35 in the morning

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Crocodile - 19 Oct 2003 13:22 - 3 of 27

 Sunday News

Headlines 19th October

Superstores To Face Christmas Day Ban - Sky News - Government faces huge debt deficit - Britain faces a current account deficit of over twice Chancellor Gordon Brown's budget forecast and a net borrowing requirement of around 10 billion pounds above his 27 billion forecast for the 2003 financial year, according to a survey. Reuters. Shareholders reportedly want to oust ITV Carlton Communications and Granada, boss - Reuters Equitable Exes Lose Fight - Nine former non-executive directors of Equitable Life have failed to block a multi-million pound lawsuit launched against them by the troubled mutual insurer.The legal action was launched in the wake of the financial disaster which brought it close to collapse three years ago. SKY

SUNDAY TIMES Unilever and Kerry bid for PJ Smoothies Dixons Business Digest Alizyme boss finds a cure for the stock market blues Alizyme Green has two days to save himself Ex-boss missed out on First Active share jackpot Arcadia Group I can manage as well as buy Barclays Barrett to get 500,000 for a three-day week Irish Business Digest Independent News and Media Revealed: Monsoons rebel shareholder Consortium plans 103m Gresham bid Cable and Wireless Bank in cheap calls connection Randgold to raise its Ashanti bid Scottish and Newcastle Price rises leave publicans crying in their beer Royal Bank of Scotland Bank in cheap calls connection Sharewatch: Anglo Irish Bank Capita Group

Granada Focus: Coup at ITV Judgment Day: Should you buy shares in Matalan? Dixons Scottish Business Digest EMI, Granada, Carlton The truth will out no matter what Fidelity says Vital Statistics Cattles Holdings Sharewatch: Paddy Power Antisoma Drugs firms help Footsie to climb further Barclays What made me do a Ratner? Cattles Holdings Cattles boss takes a creditable line HBOS Value rolls on up Carlton Coup at ITV Cattles Holdings Sean Mahon's working day Sharewatch: Minmet JJB Sports Directors' Deals: Sportswear boss nets a 10m profit Working Space  

SUNDAY TELEGRAPH Granada, Carlton Tuesday deadline for Michael Green to quit ITV Balfour Beatty Network Rail plans to take back all maintenance work Shell to build $5bn 'clean fuel' plant in Qatar Arcadia Group Philip Green pays back 500m debt to HBOS

Barclays Barrett reaches his credit limit Mitchells & Butlers Carr: It's Spirit's funeral

Canary Wharf Reichmann faces pressure to quit BSkyB investors turn up heat on Murdoch over job for son

Shares in advertising giant WPP have risen 25% to 570 1/2p this year, although there should be further to go as the group's target of a market upturn in 2004 nears. Third quarter results next month should also boost the price. Pharmaceuticals group GlaxoSmithKline is due to update investors on its drugs pipeline in December, so analysts are expecting an uplift in anticipation of some positive news. Shares are a buy at 1282p. High-speed telecommunications provider Fibernet last week announced sharply reduced losses and a surge in new contracts. With analysts looking for the company to move into the black in 2006, Fibernet is a buy at 96 1/2p. Sondex, a company which makes equipment to monitor oil and gas fields, has been a solid performer since joining the market in June. It is due to open an office in the UAE, while revenues growth rates have increased. Buy at 133 1/2p. Shares in specialist mortgage lender Paragon should have further to go despite more than doubling in the last year to 361p. The group, which concentrates on the buy-to-let market, should benefit from growth in the rented sector. Eckoh, the speech application group, should net at least 100,000 from a deal with BT and TD Waterhouse to provide share prices to more than 1,000 customers. Further growth could come from a recent acquisition. Buy at 15 1/4p.

OBSERVER Carlton, Granada ITV boards to resist City rebels BT Group Eurocreep infiltrates the United Kingdom Egg beaten by the French Randgold set to table counter-bid for Ashanti

Trinity Mirror of gloom as Sly rescue plan stalls London Stock Exchange Not so fast to the altar, LSE

Black cloud over BP oil deal Carlton Is Fidelity tuning up an American ITV? Barclays Trouble on the cards BP, Lloyds, RBOS, Bear market over? That's just a load of bull Barclays Will the gaffer decide to go?  

SUNDAY MAIL Treasury 5bn raid on miners' pensions Break-up on cards for Kingston Cost-cutting drive at phone group Vodafone back in the spotlight Barclays hit by customer backlash, Credit card anger swamps phone lines Green tipped for 200m-plus profits, Strong results due from Bhs, Arcardia Connex faces a fast-track exit, Rail firm may be forced out early

Mortgage misery 'within 18 months', Runaway credit prompts 5% rates fear 2.5bn Laurel pubs sale looming, Deutsche Bank looking for way out Suitors hover for Chelsfield empire, Property company up for sale Rolls poised for Boeing 747 order, Clean-engine contract worth 14bn Turmoil in the cinema boardroom, Odeon directors head for exit

INDEPENDENT Corus accuses utilities of electricity rebate scam Vodafone, mmO2, Orange Hello? Is anybody out there listening? British Energy Energy minister to bat for BNFL in Japan

The Week Ahead: Glaxo update will be easy to swallow HSBC From the ivory tower to Bangalore, the world's local bank listens no more

SCOTLAND ON SUNDAY  Barclays Concern over corporate credit quality Allied Domecq Whisky giants in high spirits as sales healthy Wolfson's full debut to shed light on strength of electronics sector Online Travel All-Hotels to shed jobs in cost-cutting drive

Cheer for AWG investors with 150m property sale Caledonia Investments Cayzer saga must not drag on Staff pour 3m into coffers of Martin Currie BA faces extra 100m pension bill a year

SUNDAY EXPRESS

In the week that Concorde is due to make its final flight, British Airways shares are tipped to take off from their current 185 1/2p. If regulators back an Air France and KLM merger, there is little to stop stronger links with American Airlines. Property group Chelsfield's chairman Elliot Bernard is heading a management buyout bid, although shareholders are likely to hold out for a higher price. Worth a punt at 315 1/2p. Bid speculation surrounding football club Manchester United shows no sign of ending, yet the share price - currently at 233p - has not responded in the way many City experts had expected

INVESTORS CHRONICLE Tips: Buy Imperial Tobacco (IMT) at 976p - John Laing (LNGO) at 164p - Tellings Golden Miller (TGM) at 105p - Tex (TXH) at 135p - Stream Group (SEA) at 16p.

Sell Computacenter (CCC) at 437p.Tip Updates: Buy Smith & Nephew (SN) and Cookson (CKSN). Hold Fairplace Consulting (FCO). Air Music and Media (AMU) and ITE (ITE) are good value.Company Results: Buy Bellway (BWY).

SHARES MAGAZINE Plays of the Week: Buy Henlys (HNL) at 90p - Zoo Digital (ZOO) at 9.1p - Pennant International (PEN) at 16p.Tip Updates: Buy Arena Leisure (ARE) and Inveresk (IVS). Sell Brit Insurance (BRE),

Gaming Plays to Gamble On, Speculative Buy London Clubs (LCI), Buy Paddy Power (PAP). Hold Rank Group (RNK) and William Hill (WMH), Reduce Stanley Leisure (SLY). Neutral Wembley (WMY).

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little woman - 19 Oct 2003 17:35 - 4 of 27

Evening all,

Sorry to hear about your legal problems croc, some people just think they can bully others! Hope you had a chance to chill...

snoball - 19 Oct 2003 21:53 - 5 of 27

Thanks for the Clock reminder.
New York change theirs at the same time don't they?

Crocodile - 19 Oct 2003 22:02 - 6 of 27

Yep!
D.

Mega Bucks - 19 Oct 2003 22:03 - 7 of 27


Thanks Croc,

still long lgen cna gnk fpt.....will be adding more lgen after the comment from ubs:-)

still looking bby ctm to go long...has any one any comments please ?

hope you all have a great week ahead....

Mega...

snoball - 20 Oct 2003 06:10 - 8 of 27

never mind.

ThePlayboy - 20 Oct 2003 07:11 - 9 of 27

MON FTSE PP

R2 4371
R1 4357
PP 4346
S1 4332
S2 4321

WEEKLY FTSE PP

R2 4433
R1 4389
PP 4349
S1 4305
S2 4265

FTSE FIBS

4320
4275
4238
4200


Fri close was just under the pp after gaining 9.5pts in the auction, close was also on weekly R1! Towards the end of the week the ftse has started to show some weakness after the midweek high, closed below my 60 min sig line yesterday at 360 and has done so again today, US has also sold good figs this afternoon! Personally exp a clearer picture to emerge after the ops exp In US tonight, a close under 9700 clearly breaking the uptrend may signal the turn imho. Rsi on ftse and Dow overbought, over the next few weeks looking to 9200 being tested on the dow, up from a revised 9000 I had a few weeks ago and then for the uptrend to continue into year end! All imho!

ThePlayboy - 20 Oct 2003 07:11 - 10 of 27

Updated 10/17 for Monday's market.
Key DOW Levels for 10/20
UP Above 9,760
DN Below 9,700

Downside Break
Dow breaks major lower trend line, trends lower to Close.

From prior commentary, "...The index has moved sideways the past four sessions, which suggests that the uptrend may be coming to an end. Watch the lower trend line at 9,725 for a downside break..."
The Dow got the downside break of the major lower trend line today and trended lower throughout the session, shedding 70 points by the Close, seen in both the 15 and 60 Minute Charts. The break of the line indicates that a change in trend will likely occur, or at the very least, that the current uptrend will cease and trade sideways until direction is established.

The Dow held at 9,700 today and even pushed slightly higher off this level late in the session. A downside break below this level Monday will likely spark an even bigger sell-off as implied by the Daily Chart. The Dow looks to be beginning to move lower off the clear upper boundary of the wide range. A break below 9,700 could spark another big push lower within the channel.

However, if the Dow can continue to hold above 9,700, it should base at the highs until a break from the wide range occurs. An upside break through 9,760 could spark another push higher within the range. In other words, today's decline is most likely the start of a sell-off, but it could also be the start of a wide consolidation at the highs of the prior rally. We need a few days of action in here to find out which way it is going to play out. A break through 9,700 would pretty much confirm the sell-off theory.

Short Term Dow

Short term, the Dow has formed a tight range from 9,713 to 9,728, seen in the 1 Minute Chart. Watch this range for a break to gauge direction at the Open Monday.

Medium Term Dow

In the medium term, we entered the market Short today at 9,725 and are still in the position. We will continue to hold 10 point stops for the position and will stay Short below 9,700. Look for Longs above 9,760.

NASDAQ & S&P

The NASDAQ and S&P each got downside breaks from their respective channels today, which push the indexes lower. Watch for a continuation pattern to indicate further weakness. *

Summary

The Dow finally got a solid break of the lower trend line that has formed beneath the lows of the last couple of weeks. The downside break indicates further downside movement in the medium term, but we must see a break below 9,700 first.


Crocodile - 20 Oct 2003 07:39 - 11 of 27

Morning all, LGEN looking good for a long and ICI a sell

Crocodile - 20 Oct 2003 09:49 - 12 of 27

Reversed LGEN now short & Short ICI
Very slow out there

little woman - 20 Oct 2003 09:52 - 13 of 27

Worse than slow - I may have to go out for a run later unless something happens soon!

jules99 - 20 Oct 2003 10:13 - 14 of 27

Short Hilton -long CWG-

experimenting long sage for a minor bounce back..

Crocodile - 20 Oct 2003 10:26 - 15 of 27

Buy bot in ICI damm!

little woman - 20 Oct 2003 10:27 - 16 of 27

Hi juless99

How are you finding CFD's?

little woman - 20 Oct 2003 11:16 - 17 of 27

Things suddenly happened very fast! About 1110 BB. & LLOY (both banks) shot up and then shot back down a couple of points! AT kicking in........

stockbunny - 20 Oct 2003 11:57 - 18 of 27

Well there's no danger of missing soemthing important happening whilst you're out making a cup of tea today is there! Watching drying paint springs to mind...going to have some lunch and hopefully some real movement will occur this PM. Lloyds and HBOS and Scot & New all rising but not much else to write home about. Enjoy your lunch people.

little woman - 20 Oct 2003 12:15 - 19 of 27

Has anyone ever purchased stuff from the lastminute.com site?

I have now 3 times over the last 3 years and won't ever do so again! The first item I purchased (tickets) they charged me twice. The second (item purchased at auction) was delivered to the wrong address (no signature) lucky I have honest people living in the same road! And the third was never delivered, and now I'm bored of recieving the "I am waiting for a reply from the suppliers and I will contact you shortly" e-mail they keep sending each time a query progress (we are now 3 month on!). So yet again I'm going to have to send all the correspondence to my credit card company and claim a refund......

Druid2 - 20 Oct 2003 12:46 - 20 of 27

Afternoon all. Have limit Longs on BARC between 519 & 510.

guysands - 20 Oct 2003 12:55 - 21 of 27

Ahhhh!

Help! Anyone out there a previous Nothing Ventured user? They've sold out to Fastrade and we've all been moved over to that site.

What a mess - this Fastrade site is crap. I'm so pissed off I can hardly type this message. NV was such a brilliant trading tool and now we've got this. What the hell are they playing at. Couldn't those numbskulls at Charles Stanley see that the NV site was much superior to there own and use that instead and just stick their Fastrade badge onto it.

Any ex-NV users please let me know what your thoughts are today.

I have started a new thread to discuss the NV/Fastrade issue.

Please post your comments there as I intend to email them all to Fastrade to let them know how dissatisfied we are. This is the link:

http://www.moneyam.com/InvestorsRoom/ShowPostList?fID=1&tID=1430


or search under the epic code of NV.

The title of the thread is Nothing Ventured vs Fastrade.

Many thanks.

Guy



little woman - 20 Oct 2003 13:22 - 22 of 27

I'm getting a little bit fustrated at the moment. I want to buy some BT.A but the price just won't drop quite enough............ may set a limit buy and cross fingers...
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