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Traders Thread & Thoughts - Monday18th August (BA.)     

Crocodile - 17 Aug 2003 15:08

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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 +8
TechMark +2
DAX +10

Hang Seng +169

Chart

Nikkei +6

Chart

 DOW +16
S&P +3.5
Nasdaq +1.7

 

News Headlines:    BP and Shell should support the early FTSE gains after a rise after a rise in crude oil prices due to the attack on the main Iraqi pipeline.

The Nikkei closes above 10,000 for the first time in a year after a gain of 169 points.

Michael Page recruitment has posted a smaller-than-feared drop in first-half profit and says it expects its markets to remain challenging, but stable, for the rest of this year. Profit fell to 11.1 million pounds in the six months to June 30 from 18 million the year before with analyst forecasts ranging from 8.0-10.0 million pounds.

MyTravel says it has finalised the terms of its proposal to extend the maturity of 221.6 million pounds worth of convertible bonds which should mean its imminent future is assured.. The firm hopes to extend the maturity of all the firm's borrowings until at least 2006 as part of a refinancing of the bulk of its debts.

Calendar

All GMT

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

Mon 18th August

Reporting

Company Updates

Financial Data

 Headlam Group (I), Michael Page (I)Safeway Competition Commission report on takeover bids Toys R US (Q2)

18.00 August NAHB 63.0 exp.

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

Bloomberg TV          

Pivot Calculator
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angi - 17 Aug 2003 18:38 - 4 of 10

Crocodile, thanks for all your analyses. I must admit that I am feeling fairly bullish but where ever I look gloom and doom is predicted. I've just read a report on PrudentBear - Is it 2003 or 1987 on Wall Street - showing many charts to identify comparisons between the rise before the 1987 crash and 2003 rise. Am I being foolish presuming that as we rose post March this year after a big drop that the comparisons are wrong. I know that history repeats itself and I'm sure that many folks want it to, having mastered the art of shorting but should we be paying more attention to the recovery in many shares (if only by slimming in some cases) to face the next cycle.

What am I missing? What's your view?

Is there a UK site similar to PrudentBear and even PrudentBull? I'd really appreciate knowing what's going on here.

capt M - 17 Aug 2003 20:56 - 5 of 10

Thanks Croc.

Symbian Q2 results on 21 Aug - Psion anyone?

little woman - 17 Aug 2003 21:21 - 6 of 10

Thanks croc,

Although I think that companies are a lot stronger than we give them credit for, I am a bit worried about the number of people who are trying to become day traders (or at least having a go) who are really aware of easy it is to lose money because they think it's really easy to make money. (Some may think I could be in this category but I do limit my exposure, just in case the market does something unexpected, which it does on a regular basis!)

The market will go up, but if it starts to drop slightly, panic may set in, as people attempt to keep profits, or limit losses. The trouble is the longer it goes up, the bigger the panic if it drops! I hope I am wrong.....

Crocodile - 17 Aug 2003 22:27 - 7 of 10

angi,
I personally believe that previous chart comparisons do not mean the same will hgappen again. Trade the trends that you see at the present time and do not worry about what happened in 1987.
If you are worried have an equal balance between longs and shorts to cover yourself against a big fall such as another September 11th.

little woman
90% of day traders lose money. As you say it is not easy!
I do suggest that anyone interested in trading full time considers a training course first to learn about disciplined trading.
D.


Mega Bucks - 17 Aug 2003 22:32 - 8 of 10

I went on one of Crocs courses last november i am starting to make some money now before then nil :-)

I think you could find were they are here WWW.FTSEDOW.COM cheap at half the price.

Mega....

Druid2 - 18 Aug 2003 08:00 - 9 of 10

Morning all.

little woman - 18 Aug 2003 17:40 - 10 of 10

Managed to sell Vod finally with a respectable profit. Hopefully it'll now drop back down so I can buy it again! But no hurry! Bought a few more BT, couldn't resist when it dropped below 1.90!
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