Reuters/FTSE100 overlay:
Announcements

Forward Diary

Directors deals.

Longer term chart.

RTR will generally follow the FTSE. But results not good along with Bloomberg threatening to enter price war. Its definitely one to short on any FTSE weaknes. Will try and sort chart with FTSE overlay out tomorrow. I think this could easily get to 3.15ish on 100-50 point pullback on the FTSE. If the Idex decides its going to 4600 for a visit, then I would guess 4.00-10 would be the top.

david, when you do sort out the chart with the ftse overlay, post the link and
I will put it in the header.

No problem, snoball.I'll do it today at some point.

As you can see RTR exagerates ups and downs on FTSE.

*REUTERS DOWNGRADED TO 'EQUAL-WEIGHT' FROM 'OVERWEIGHT' AT MORGAN STANLEY

3.15- .20 getting close....

Things are continuing to look less then rosy....let's hope it gets
a grip soon..

Ooops. Most remiss of me. I haven't been following the markets recently.
I'm taking a break from it all.
I've just noticed you've posted the overlay David and have now put it in
the header.
Rather an interesting correlation.

Cheers snoball, see the exagerated moves...

DEUTSCHE BANK European Focus List: Reuters removed ...

Oh great it just gets better! This one has proved to be the 'dog' of
my portfolio recently (GD no offense if you read this!) next time it
hits 400p (and I think it will although possibly not for long) I am
out with a capital O....

Stockbunny, I think it will be a long time before that happens unfortunately. This downturn has taken a grip now. Its the looming price wars worries thats the problem. I dont think it will be long before we see 2.90-3.00. I will post a chart over the weekend to demonstrate what I mean.
This morning it was only 1p from my initial price target of 3.15....

David, I've been investigating further the relationship with the FTSE.
Unfortunately I can't automate the signals I want using my software but at some stage I will post some charts with what i've got so far.
You're right though it does look rather gloomy at the moment.

Reuters is one of the world's great brand names that is suffering from a lack of of imagination in its exploitation.

The current management are entirely preoccupied with protecting their traditional markets which are under attack by leaner, fitter, younger rivals.

Reuters needs to diversify and exploit its brand before it loses its lustre.

Otherwise, it's all down.

Agree MM. Living on its reputation, in a fast moving competitive sector. As is always the problem, we now live in a very price concious environment. So unless you have a unique selling point and constantly evolve your product. you can be high and dry in months.
3.25 is a key support area, if that goes sub quickly IMHO.

Much thanks to all the recent posts, I tend to agree with all the
points made - yes they need to revamp themselves and their target markets,
yes I can see it going down before up (although I keep hoping the US elections
will bring a lift, albeit temporarily) and yes it looks perched on the brink
of a free-fall....All in all pretty average stuff (lol)

See whether it holds below 3.25 today???

Looking better today....but long way to go!

No position ATM snoball. But good luck, hope you do OK. Still trying to sort my charts out. will post asap. There is a possibility of a new uptrend forming after last couple of days. But its early yet.

LONDON (AFX) - Shares of Reuters Group PLC were lower in midmorning trade
after both Goldman Sachs and Merrill Lynch cut earnings forecasts for the group
ahead of its interim results due out next Tuesday, dealers said.
At 10.47 am, Reuters was down 8-1/4 pence at 333-1/4, while the FTSE 100 was
down 64.2 points at 4,313.1.
Merrill cut its core earnings per share estimate by 7 pct and 2 pct in 2004
and 2005 respectively.
It is disappointing that Reuters is sending out mixed messages -- the
group's bullish outlook statements contain a cautionary tone on its margins,
Merrill noted.
However, in the short term Merrill expects that product momentum, contract
wins and a improving market are evidence that a return to growth remains likely
next year.
Meanwhile, Goldman Sachs is shaving its EPS estimates by 0.9 pct and 2.6 pct
in 2004 and 2005 respectively.
But despite the revision, Goldman remained quite bullish on the group.
Continued positive net sales, a healthy balance sheet and a strategy that is
very much on track are likely to be the themes from its results next week,
Goldman said.
leb/jc

Finally got hosting site going!!! Basically the 200 day MA is the key to where this is going. It looks very bearish, after looking bullish a couple of trading days ago. Tuesday will be decision time. RTR have results in the morning(Tues). If 3.22 doesnt hold on Monday, I will go short below 3.20. If not will wait for results. There will be plenty of time to get on board.
Only my opinion. If results are OK, then 3.60-70 possible medium term to top of downtrend. Thinking about it, will probably wait for results day to take a position.

Looks like RTR is going to hold the 5.22-5 area until results tomorrow.