| Home | Log In | Register | Our Services | My Account | Contact | Help |
Traders Thread & Thoughts - Monday November 10th (MT.)
Crocodile - 09 Nov 2003 11:06
| Premarket Futures | FTSE -23 | DAX -23 | DOW -2 | S&P -0.8 | Nasdaq -3 |
|
|
FTSE 250 |
FTSE Small Cap |
FTSE TechMark |
|
|
Nasdaq 100 |
S&P 500 |
S&P Futures |
|
|
|
10 Year Bond |
 |
| UK/US charts have 1,2 or 5 day views. and now FT NEWS & Price link to UK, US & Asian markets. The Dax/CAC and Nikkei/Hang Seng are now switchable | |||
| News: | Sorry Your browser is not java capable | |
|
The FTSE 100 index is set to slide after a weak end to last week on Wall Street amid concerns over recent gains. In Asia, Japanese shares fell to two-week lows on Monday. Banks were among the hardest hit so watch out for HSBC & STAN British Airways posted a 57 percent fall in second-quarter profit to105 million pounds which was better than market expectations of 72 million pounds. The company also said Chairman Colin Marshall would retire in July next year and would be succeeded by Martin Broughton, currently chairman of British American Tobacco.Astra Zeneca could rise from results of trials on its experimental anti-coagulant Exanta. Alvis The Ministry of Defence has contacted a handful of contractors about taking over a six-billion-pound programme to supply it with armoured vehicles, in what would be a blow to Alvis Nokia, is considering a takeover of UK firm Psion in a bid to dominate the cellphone software market Barclays bank has held exploratory talks with three banks in the United States for a possible acquisition of Pennsylvania-based Sovereign, New York-based North Fork Bancorporation, and GreenPoint Financial Corp. |
||
|
|
|
||||||
|
British Airways (I), 49m, DCC (I), Uniq (I), Ferraris Group (I),Radstone Technology (I), Renold (I), Carr's Milling Industries (F), Debenhams (AGM)BRC retail sales monitor uly-Sept. residential property report Sept. trade (09:30) |
Computer Sciences Q2 MG Technologies Q3 |
Freenet D Q3 Infineon D Prel. FY KPN NL Q3 |
|
|
|
|
|
 |
Crocodile - 09 Nov 2003 11:07 - 3 of 50
|
Sunday News Headlines 9th November Barclays Bank has held exploratory talks with three banks in the United States for a possible acquisition, the Independent newspaper has reported. Vodafone has placed orders for millions of next generation mobile phones for its 3G services with Japanese firms, in a snub to the world's top handset maker Nokia. The Strategic Rail Authority is taking over the running of the South Eastern franchise from Connex because of its failings. Air India, has approved a plan to buy a mix of 28 planes from Airbus and Boeing Co in a deal estimated to be worth 100 billion rupees (1.31 billion pounds). The UK will face a shortage of more than 450,000 homes within 10 years if the rate at which new houses are built does not increase,S&N still out in the cold over move into Russian beer market - Uninspiring results and a slide in the share price reveal the City's feelings about the brewer's venture. Dyson, makers of the bagless vacuum cleaner, said yesterday that a sharp increase in exports would more than double annual profits to 40 million in 2003, despite a continued decline in UK sales. |
|
|
SUNDAY TIMES UK bank in rival bid for Jarvis hotels Smiths Group Defence group battles with staff over pension benefits BT to hike its dividend as millions of customers defect Canary Wharf boss sees buyout dream slip away Special Report: Man Utd and the trailer park king Sainsbury is rocked by exit of fashion guru Shareholders urge C&W to end US misery Italy and Germany vie to host new Ryanair hub SMG Hearts urged to delist to repay 5m Pilkington UK firms to stand by Russia Independent News and Media plans issue of 100m bond Dixon hunts backers for Regus Stars could find sting in tail of EMI deal Former Baltimore boss faces fraud charges |
Sharewatch: Securicor BT languishes in a no-growth zone Vital Statistics Marks & Spencer Group Judgment Day: Should you buy shares in Logica CMG? Amvescap shrugs off its US worries Interview: Andrew Davidson: Honeymoon is over for M&S boss Marks & Spencer Group Roger Holmes's working day Judgment Day: Anglo Irish Bank BP Russian flotation hit by row over ownership of shares Working space Marks & Spencer Group Manchester United Prufrock: United ... and a night of culture Tesco Agenda: William Lewis: How folded towels lead to more of the folding stuff Iomart Group Sharewatch: Net gain for stock
|
|
MyTravel, the heavily indebted travel company, has warned shareholders that at the moment it does not have sufficient working capital to fund its next 12 months of trading. Yesterday the company denied industry reports that it was in crisis talks with the Civil Aviation Authority (CAA), the industry regulator THE vacuum cleaner tycoon James Dyson has launched a stinging attack on successive governments for failing to protect British manufacturing |
|
| SUNDAY TELEGRAPH Wembley chairman is Bolton's next target Vodafone City comment: Nokia knocked BT Group MPs to grill Oftel on directory inquiries GlaxoSmithKline Sykes fears new wave of Government regulation |
BSkyB When he has 4bn at stake, Rupert isn't a softy City comment: The real danger James poses to BSkyB is of a family feud BSkyB Murdochs clash over News Corp resignation Vodafone hangs up on Nokia with Japanese 3G supply deal |
|
BT Cost-cutting and lower interest charges are set to drive earnings in the second quarter with pre-tax profits expected to rise to 514 million from 496 million. But analysts fear top line growth is continuing to flag and will be visible in flat revenues from BT Retail and lower sales for BT Wholesale year-on-year Wall Street has ended an ambivalent session lower, with investors concerned that stock prices are too high despite a better-than-expected employment report. Still, the three main gauges posted their second straight weekly gain. |
|
|
OBSERVER After six years, Smith says 'buy Pearson' Diageo thinks again on 'pure malt' plan Carlton, Granada Green plots ITV revenge British Airways Airport plans in chaos as legal threats mount Anglo American in Soweto dock 'Red card' threat to Leeds United C&W losses top 1bn after US hit |
BSkyB Shareholder power meets its match in determined Murdoch BSkyB Investors chose wrong foe in bitter Murdoch BSkyB A 30-year-old hot shot in a pool of wrinklies BSkyB Daddy's boy gets to be his own man BSkyB A director at 30? The right father helps EMI Should Nicoli tune out? BSkyB Murdochs face down City revolt |
|
SUNDAY MAIL BSkyB investors want more say, Murdoch's board 'lacks bite' Credit alert as more go bust 'People are overly-dependent on debt' |
Ryanair hit over subsidies fears Incentives for airline could be 'illegal' |
|
Paribas has raised its target price on the shares of Abbey National 530p from 450p, keeping an 'underperform*' stance on the stock. Deutsche Bank has raised its rating on Boots to 'hold' from 'sell' and 650p from 550p. Commerzbank Securities has upgraded semiconductor equipment maker Aixtron to 'hold' from 'reduce' following third-quarter results. |
|
|
INDEPENDENT Barclays, Royal Bank hits bid trail in US and approaches RBS target Top clubs boot out insolvency penalties Leeds United, Man U Smoked out of Burma, BAT builds in Tehran Cable and Wireless The Week Ahead: Investors focus on big picture |
BSkyB The Thing Is: His lordship is left in the firing line British Airways The Week Ahead: Investors focus on big picture The Week Ahead: Investors focus on big picture at BSkyB |
|
SCOTLAND ON SUNDAY BT swaps debt reduction for dividend rise Murdoch-bashing investors tamed by BSkyB's charm offensive Backpay fuels problems for British Airways Inveresk Research plans new Nasdaq share issue |
Lord St John fading from view at BSkyB BAA claims environmental high ground in debate over airline tax Diageo hits back in whisky wars |
|
INVESTORS CHRONICLE Tips: Buy David S Smith (SMDS) at 164p - SVB Holdings (SVB) at 56p - Vantis (VTS) at 105p - Avocet Mining (AVM) at 56p - Home Entertainment Corporation (HET) at 223p - Sell Celltech Group (CCH) at 448p. Updates: Buy Lloyds TSB (LLOY) - Buy Freeport (FPR) - Reliance Security (RSG) is good value. Company Results: Buy Kewill Systems (KWL) - Jennings Bros (JBC) - Fenner (FENR) - Sell Yates Group (YTE). |
|
|
SHARES MAGAZINE Plays of the Week: Buy Jubilee Platinum (JLP) at 21.75p - CMS Webview (CWV) at 4.75p - Clarkson (CKN) at 400p - Tissue Science Laboratories (TSL) at 85p.Updates: Hold Infast (INS) and Thus (THUS) - Buy Surfcontrol (SRF). Take profits at Kewill Systems (KWL). |
|
|
|
|
|
|
|
zarif
- 09 Nov 2003 11:28
- 4 of 50
zarif
capt M - 09 Nov 2003 14:16 - 5 of 50
Rumour aired in The Business that Nokia is considering a takeover of Psion which is likely to be at a premium from their current market valuation. May be worth a punt tomorrow.
M
Melnibone - 09 Nov 2003 16:37 - 6 of 50
If your comments are anything to go by, it looks like we
were right to be cautious at the back end of last week on
the Investors Room Traders Thread.
None of us had any faith in that Friday morning bounce.
I think I'll stick with the conclusion that I'd said I'd
started to come to last Thurs/Fri, start looking
now for opportunities to short the FTSE rather than buy stocks
on the dip.
Doesn't matter which direction you make your money on, as long
as you make it, and I'd rather be in the market trying to short
than go long if there is a possibility of a big drop on the horizon.
Things tend to drop faster than they go up if you've got your
position wrong.
Melnibone
Melnibone - 09 Nov 2003 16:47 - 7 of 50
If any of you trade RBS next week, as I do, be careful.
It's very close to it's short term support and as Croc has posted
above there's a hefty 55p dividend to be factored out of the price
on Wednesday.
Also, the 50ma is heading down and the price is making heavy weather
of trying to get back above the 200ma.
Stock is getting hit by rumours of a possible share issue to help
fund a takeover.
Melnibone
Crocodile - 09 Nov 2003 17:35 - 8 of 50
Regards
D.
little woman
- 09 Nov 2003 19:34
- 9 of 50
In for an interesting week ahead.
Melnibone - 09 Nov 2003 21:37 - 10 of 50
that makes a big difference in strategy if RBS hits the support
and holds.
Melnibone.
ThePlayboy
- 10 Nov 2003 07:14
- 11 of 50
R2 4428
R1 4403
PP 4363
S1 4338
S2 4288
Close on Fri was above R2 after gaining 3.5pts in the auction!
WEEKLY FTSE PP
R2 4456
R1 4416
PP 4350
S1 4310
S2 4244
For next week I,m looking for a tgt of 4430 in between weekly r1/r2, but ftse looking OB atm, 2 day ftse trendline brk at 4370!
Updated 11/7 for Monday's market.
Key DOW Levels for 11/10
UP Above 9,900
DN Below 9,770
9,900 Holds
Resistance at 9,900 holds, Dow pushes lower.
From prior commentary, "...An upside break through the recent highs at 9,900 will tend to confirm another move higher. If the index cannot rise above 9,900, look for the Dow to form a large trading range at the highs from the lows of 9,770 to 9,900..."
The Dow traded right up to resistance at 9,900 today, but was not able to get a solid break through the level, which ultimately resulted in weakness throughout the session, as seen in the 15 and 60 Minute Charts.
The index reversed off resistance early in the session, but really began to push lower late in the session, as the index traded down toward the lower part of the wide range trading range that has formed from 9,770 to 9,900, seen in the 60 Minute Chart. We look for the Dow to continue to trade within the boundaries of the wide range until a solid break from it occurs. This is a wide range, and could hold for some time.
A downside break at support at 9,770 will likely make for a much deeper retracement, while an upside break through 9,900 will extend the current uptrend.
Short Term Dow
Short term, the Dow has formed a tight range at the lows of the 1 Minute Chart from 9,800 to 9,815. Watch for a break from this range for direction Monday morning.
Medium Term Dow
In the medium term, we closed Longs at the entry this morning due to the Breakeven Rule. No other trades were triggered and we are now out of the market and watching our wide range for breaks, at 9,900 up, and 9,770 down, with 20 point stops in either direction.
NASDAQ & S&P
The NASDAQ and S&P each formed tight ranges for the session before finally breaking down late in the day. Resistance continues to hold for the S&P, while the NASDAQ has now broken back below its resistance level. *
Summary
The Dow held just below key resistance at 9,900 for much of the session until finally trading sharply lower just before the Close. The index has now established a wide trading range from 9,770 to 9,900, which we will watch closely in the coming sessions.
Crocodile - 10 Nov 2003 07:38 - 12 of 50
Moening all
Druid2
- 10 Nov 2003 08:02
- 13 of 50
little woman
- 10 Nov 2003 08:38
- 14 of 50
First stop loss (profit) kicked in first thing. (Only one I left in place from Friday, as the bid on the others always drop heavey first thing.) Now going to put the others back in place and would not be surprise if they all kick in today!
Melnibone - 10 Nov 2003 09:11 - 15 of 50
FTSE straight down to S1 and now trading in a 10 point band
just above S1 as it decides what to do.
AVZ below S2 and trying to hold the old 400p support.
In case anyone doesn't know, this stock has exposure to the dubious
fund dealing that Spitzer is kicking up about in the States.
There's some red flags been raised in it's fund trading that
will attract Spitzer's interest like blood to a shark.
Melnibone
Melnibone - 10 Nov 2003 09:24 - 16 of 50
Possibility of it trying to fill the gap open to 4376.
Melnibone
little woman
- 10 Nov 2003 09:37
- 17 of 50
little woman
- 10 Nov 2003 09:57
- 18 of 50
Oh well, not to worry I have quite a bit of cash now. Will wait out to see what else happens!
Melnibone - 10 Nov 2003 10:10 - 19 of 50
Players left behind on Friday can now come in to play.
Have to see which way the market wants to go now.
Melnibone
Crocodile - 10 Nov 2003 10:10 - 20 of 50
little woman
- 10 Nov 2003 10:43
- 21 of 50
little woman
- 10 Nov 2003 11:09
- 22 of 50
| About MoneyAM | Ts and Cs | Privacy Policy | Investment Warning | Content Standards | Corporate Solutions | Advertise With Us | Site Map | © 2025 MoneyAM |
Follow us on Twitter