Interesting cycle on the graph. Double dip recession & sub 250p possible?

Harry who knows what those crazy yanks will do? The anticipation at 1330 is if US GDP figures are as bad as expected we can expect a sell off. How many times have we seen this film though, long Bank Holiday weekend ahead for us doesn't help either. Chart looks awful. My stops @ 285.0.

Seems tobe on a mission, initial target hit. Moved stop to entry for risk free trade.

HOUSTON, 1st Sept, 2010 (BUSINESS WIRE) "BAE Systems has been awarded a $629 million contract from the U.S. Mine Resistant Ambush Protected (MRAP) Joint Program Office (JPO) to upgrade 1,700 Caiman MRAP vehicles. This award demonstrates how BAE Systems Readiness and Sustainment capabilities are supporting the customers current and future requirements by rapidly improving product performance to protect troops during combat missions."

Thanks Harry, question answered.

Closed trade @314.0 + 15.0. Tomorrows another day :O)

Limit Long triggered earlier @ 317.2. Stop moved to entry for risk free trade.

Taking no chances closed prior to jobs report323.2 +6

Somewhere between 325-330p looks about the point when the sp may falter.
Looks like U.S. job figures reasonable, so may be a bit further to travel on the FTSE.

Harry - Left a Limit Long on @ 326.2, probably pushing it, had a good run.

Don't think this will make much difference to BA. valuation, but you never know!
StockMarketWire.com
"BAE Systems has entered into a definitive agreement to acquire OASYS Technology - a US manufacturer of electro-optical systems and sub-assemblies.

The proposed acquisition - for a cash consideration of $25m at closing and a potential earnout of up to $30m - will be funded from existing BAE Systems cash resources.

OASYS Technology is privately owned by five employees, including its three principal founders.

The acquisition is conditional, among other things, upon certain US regulatory approvals and is expected to close in the fourth quarter. "

BAE Systems plc - Press comment regarding Platform Solutions business.

"The company regularly reviews its business portfolio to ensure it is delivering the best value for shareholders and customers. Against this background BAE Systems confirms that it has engaged Wells Fargo and JP Morgan to advise on strategic options with regard to the Platform Solutions business, including a possible sale.

There can be no certainty that any transaction with respect to the Platform Solutions business will occur."

Seems (according to front page of Telegraph) Yanks are not happy about coalition defence cuts. Limit Buy triggered at open @325.0 target 340.0 Stop 316.0 (SB).

Stop moved to entry for risk free trade.

StockMarketWire.com
"BAE Systems started with outperform rating at Credit Suisse, TP 400p"

Stopped out @ 335.70 + 10.7. Left Limit Buy @ 342.0.

Moved Limit Buy to 335.0

Limit Buy triggered @ 335.0, which unfortunately leaves me with a losing trade after yesterdays close. Initial target 150.0 however depending on Dow futures and any subsequent news over weekend, will get out quick if continues to go against me. In hindsight should have taken taken profits at my initial target 140.0 and then left well alone. Obviously sentiment re defence cuts will in short term affect price, but still hopeful of a wee bit more upside. In any case still think stock undervalued despite defence cuts, historically tends to go down after divi payment due on 20/10, then has a Xmas rally.

Initial target 350 (rather than 150)???
Am hoping that 370 is achievable, but may have to wait a month or two.

Yes Harry 350.0, i'ts an age thing you know :O)