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Traders Thread & Thoughts - Monday 10th May (OIL)
Crocodile - 09 May 2004 12:46
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Big falls in Asia overnight on concerns over the rise in oil prices and U.S. interest rates worries. The DOW Jones could test the 10,000 level in trading today. Marks & Spencer, Luc Vandevelde will step down as chairman following criticism he is not spending enough time on the job Securicor said it had maintained its good start to the year as it reported a 10.5 percent rise in underlying first-half profit to 39.0 million Ebookers online travel agency said sales in the first quarter rose 47 percent to 160 million with and a profit of 1.3 million pounds up from a loss of 4.9 in the same period a year ago. They also said that 270 jobs would be cut in Europe and India as part of a cost-cutting programme saving the company around 2.5 million pounds and they were increasingly confident of the year ahead. 3i Group, A string of U.S. investment banks and private equity houses are looking at a possible five billion pound bid for the company according to the Sunday Express Balfour Beatty says it has won United States road construction contracts worth more than $200 million. Canary Wharf, Investors owning about 13 percent of plan to reject both rival bids in the 1.7 billion pound takeover battle for the property firm Bunzl has bought French cleaning and safety products distributor Groupe Pierre Le Goff for 236 million euros Aggregate said it would buy U.S. construction firm Frehner for $95.8 million Chrysalis said its first-half revenues were flat, and profit fell to 2.2 million pounds from 7.6 million pounds mainly due to the disposal of its television unit last year. SMG said it had agreed to sell its 25 percent stake in breakfast television firm GMTV Ltd to ITV Plc for 31 million pounds |
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Chrysalis Group (I), Diploma (I), Securicor (I), Windsor (I) Bizspace (F), CryptoLogic (F), Centrica (AGM)April PPI (08:30), BRC April Retail Sales Monitor (17:30) |
Symbol Technologies |
Bayer AG, Commerzbank AG Lagardere Groupe, Sopra Group |
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FTSE -50 |
DAX-60 |
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hijeff - 09 May 2004 19:39 - 4 of 22
taximanias - 09 May 2004 20:13 - 5 of 22
Looking at the 10 day Intraday chart the DOW has fallen nearly 2% against the DOW which does not bode well for the UK market for the start of next week
Crocodile - 09 May 2004 20:22 - 6 of 22
zarif
- 10 May 2004 07:36
- 7 of 22
Crocodile - 10 May 2004 07:37 - 8 of 22
hijeff looking ...
little woman
- 10 May 2004 08:10
- 9 of 22
Interesting start to the day - FTSE down over 55!
jj50
- 10 May 2004 08:23
- 10 of 22
Melnibone - 10 May 2004 11:02 - 11 of 22
Morning all,
Can hardly move today. Bent down on Saturday morning and popped
my back. That's me housebound for a while. Looks like Mrs. M. will
have to go shopping on her own.
Shame. ;-)
Don't get too down with the markets. Look at the MA's and trend above.
I kept banging on recently about buying breakouts near the top of a
range and this recent price action shows why.
200Ma should give support at the bottom of the channel. If we reach
it depends on whether the US holds recent lows. Futures are already
at them. Still in the noisy area on the P@F charts.
US and China are still growing GDP, it's still US election year.
Don't know where the market lows are going to be, but unless the
economic situation changes I still don't think that we've seen the
yearly highs.
Just need to watch support levels and sentiment and be prepared to
listen to the market, not your own ideas which will be coloured by
your positions.
Melnibone.
Melnibone - 10 May 2004 11:15 - 12 of 22
Just for the hurting Bulls.
Look at the gap between the Friday close and the Monday open
on the candles. Look at the body not the wick.
This will probably get filled at some point, same as the one I
mentioned on SHEL earlier this year.
Melnibone.
Velocity
- 10 May 2004 12:33
- 13 of 22
jj50
- 10 May 2004 12:43
- 14 of 22
stockbunny
- 10 May 2004 13:22
- 15 of 22
stall the shopping until you're better if you ask very nicely
(giggle)
It's a red Monday, but also a lot of bargains out there, that's
the beauty (in my humble opinion of course) of days like today.
Gathered in another little lot of LLOY shares this morning, going
nice and reasonably and couldn't resist for the long term income
side of my portfolio.
Be lucky people, however you 'play' the day!
Melnibone - 10 May 2004 15:19 - 16 of 22
the seventh time it's popped now since I first did it in the 1980's.
I find it heals quicker now if I do the opposite to what the Doctors
say. Instead of lying flat, I dose up with painkillers and keep it
moving. I look like a drunk Quasimodo waddling around for a while,
but it's usually OK within a fortnight and it doesn't heal up tight
ready to pop again.
Like your style, stocking up on your Blue Chips, stockbunny, got my
eye on a few myself that pay fat divis that the fundies will be watching.
US is still flirting with the March lows, so early days to call a bottom
just yet, IMHO, but if your stocks meet your value criteria and you are
LTBH, then why not top up. For LTBH'ers that's what market noise is for,
it gives them the entry opportunities that they patiently wait for.
Melnibone.
Melnibone - 10 May 2004 15:32 - 17 of 22
have now incorporated into their MarketMaker platform?
I've tried clicking on the link for each share but nothing
seems to happen.
Maybe it's got some teething problems.
Melnibone.
little woman
- 10 May 2004 15:53
- 18 of 22
stockbunny
- 10 May 2004 16:03
- 19 of 22
You been doing any bargain hunting Little Woman today?
little woman
- 10 May 2004 16:13
- 20 of 22
I've been trading CNA (both long & short CFD) & currently am short. Its been a bit fustrating, as it keeps pulling back very quickly before dropping again. So far I've managed to keep ahead each time!
stockbunny
- 10 May 2004 16:18
- 21 of 22
today I think is pretty impressive (I wonder how many are
nursing losses today..) The DOW looks awful - just put up the chart
from 2pm today and its similar to a downhill run at some ski resort!
Well I'm done for the day, have a good evening!
little woman
- 10 May 2004 16:42
- 22 of 22
I'd love to trade the Dow, but it'll turn just as I do it, so best left alone!
Just a few loose ends to tide up, and then off for 9 holes of golf to finish the evening.
Enjoy the evening everyone.
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