rather than pick out individual stocks to trade, it can often be worthwhile to trade the indices themselves, especially in times of high volatility.

for those so inclined, i attach below charts for FTSE and FTSE 250, though one might equally be tempted to trade Dow or S&P, which is significantly broader in its coverage, or even NASDAQ

for ease of reading, i have attached 1 year and 3 month charts in each instance

DWY - i suspect this is amoeba-sized and therefore of no interest to me ..... i noted that average volume is <300k on a 6/10p stock, and that speaks volumes (sorreee!), and though there has been hefty trade in the stock today, i would not be remotely tempted

ok, don't say i never warned you.. Remember TMC at 9p??

don't do amoeba companies as not allowed on cfd, but what do you reckon is so exciting apart from lots of trade today

aha! ...... absolute racing certainty that today's apparent volume is related to the issue of shares - see RNS of 12th May - so tread very carefully

up 25% in Oz Cynic, my man reckons they have a mega deal with the Nickel purchase and something else on the horizon, keep watching ;-)

cynic? oh cynic where art thou cynic? Going to 30p DWY remember these words.

kb
so what? now please calm down. we all get some right, most of us get most wrong,
please calm it ,i hope you are right on this one but please calm down.
thank you and good luck to you.
regards
jkd

might we now get back to the purpose of the original thread? please post on the appropriate individual relating thread.
thank you
regards
jkd

Yes, location is all important when pumping and dumping

hi kate and others .... now just back in UK .....

tell me kate, what is the market cap of DWY about which you are getting so excited?

jkd - i don't think there is a thread for this amoeba stock

The perils of 'a wee drink at lunchtime'. I wonder how many traders/bankers/financiers have liquid lunches???
" May 20 (Bloomberg) -- A former oil trader at Morgan Stanley in London, who shorted oil futures without permission after an alcohol-fuelled lunch, has been banned by Britains financial regulator for trying to conceal his trades, the second time in a week it took action against one of the banks employees.

The Financial Services Authority banned David Connor Redmond, a former trader on the freight desk of Morgan Stanleys commodities division, the regulator said today in a statement. Redmond built a substantial short position in WTI Futures on the ICE Futures Web-based trading platform in February 2008, concealing the position overnight and exposing Morgan Stanley to the risk of incurring a significant loss, the FSA said.

Redmond took an extended lunch break on the day in question in February 2008, according to the FSAs records. He drank alcohol over lunch and it appears that this affected his behavior on his return to the office, although he was not visibly drunk.

DWYKA (DWY)
sorry, but i'm too tired, so i'll leave it to kate to start a thread if she feels so inclined.

market cap is only 11m and EMS just 10,000 shares = fuck all!

RNS out today says DWY doing due diligence with a view to buying another company, so it looks very much as though the price is indeed being pumped to make any offer appear more attractive.

if DWY was the target, then a different view might apply

cynic
have to confess i didnt check, slap on wrist, quite honestly i wasnt interested, except in maintaining the integrity of this thread.
regards to you
jkd

OK so back to current thread, so we are forming a resistance at 4500, could there be support on 200ma, just a week and a bit before end May, sentiment is changing in my opinion to the downside, crude is ahead of itself as already commented on, governments continue to spend on shoring up financial markets, lots of pain is being stored up. However short term, if it holds above 4500 we might see 5000 before end summer as the trend is your friend, on probably low volumes and then I really think reality will set in. personally I'm already nervous.

There's still a long way for this bear to run, wouldn't be surprised if this wasn't the last rally in the big bad bear. We've had an 18% rally last spring, 10% late summer, 20% october and november and now one in late 20's%, top of bear trend around 5000, could easily have retest of lows, hopefully they'll hold, if they don't.........next stop anyone? In great depression there was a 50% rally then it tanked. I don't think we'll get history repeating that this time because..

On the plus side when inflation does eventually kick back in, should actually be good for stock prices even if people have less expendable in pocket, wouldn't like to be on that tight rope of monetary policy though, as stated above until the banks reduce write-offs we wont really get going even if they are benefiting from great spreads on lending.

fascinating stuff markets.

UK has a triple A rating (albeit negative)!!! The US sub-prime mortgages were packaged under an AAA rating I believe. I rest my case.
Today's FTSE drop seems to be attributable to this revised rating, so once that has drifted off the front pages am hoping for a bounce.

Yes Harry long ftse/short dax, wonder who got in the other way round before the announcement ?

a good day for banking some profits

managed to get away 50% od BRR at pretty much today's top for a small profit
banked juicy profit on 50% TLW as sp now touching all time high, so pull back much more likely than strong progress
banked further juicy profit on 40% HOIL, as was pretty o'weight there

war chest now has some decent funds for reinvesting in due course

Well Done Cynic ............... your patience deserves every success.

Regards
Amar

patient i am not .... on the other hand, i sometimes remember my own adage that a profit ain't a profit until it's banked

considering the general beastliness, could have had a much worse day .... even managed to make 100 on Dow long, which at least will pay the milk and paper bills