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Traders Thread - Thursday 18th March (CS.)
Crocodile - 17 Mar 2004 22:15
| UK PreMarket Futures | FTSE +- | DAX +- | DOW -12 | S&P -0.5 | Nasdaq -2 |
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| News: | Sorry Your browser is not java capable |
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US indexes rally for second session as investors go bargain hunting Cobham topped forecasts with a 19.5 percent profit rise rise to 137.8 million above forecast and said it expected earnings growth to continue this year. Premier Oil reported 2003 net profit up 80 percent at 40.8 million pounds thanks to record production Derwent Valley posted a 6.9 percent fall in annual profits to 16.2 million pounds, but said it was confident of a return to growth in its key West End market. William Morrison reported an inline rise in annual profits to 319.9 million pounds while current sales remain robust, up 9.7 percent in the six weeks to March 14. Premier Farnell electronics distributor said US markets were improving but Europe remained as it posted lower annual profits which down 9% to 54.6 million pounds as expected. Trafficmaster returned to annual profit with a 0.55 million gain from a 63.3 million pound loss the previous year and said the new financial year had got off to a strong start. De La Rue printer of banknotes, said its full-year results would be just ahead of expectations thanks to increased volumes relating to the Iraq banknote contract Geest reported a one percent rise in annual profits to 41.4 million pounds while adding it intends to buy back up to 10 percent of its shares over the next twelve months. |
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FW Thorpe (I),Manganese Bronze (I),Bisichi Mining (F), Cobham (F), Corus Group (F), Derwent Valley (F), Geest (F), House of Fraser (F), IP2IPO Group (F), Premier Farnell (F), Trafficmaster (F), William Morrison (F),Albion (AGM), Asset Man It (AGM), Ingenta (AGM),Feb BBA Net STG Lending Data (09:30) Feb Capital Issuance (09:30) Feb CML Mortgage Lending Data (09:30) Feb M4/M4 Lending (09:30) Feb PSNCR (09:30) Feb Retail Sales (09:30) |
Adobe Systems, Nike Inc Solectron Corporation, Tektronix Inc Morgan Stanley 13:30 Initial Claims 15:00 Leading Indicators 17:00 Philadelphia Fed |
Allianz AG, Altana AG Bayer AG, Celesio AG Guyenne et Gascogne SA Pernod-Ricard SA, Generale de Sante |
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Douggie - 18 Mar 2004 07:35 - 5 of 28
Crocodile - 18 Mar 2004 07:46 - 6 of 28
Crocodile - 18 Mar 2004 08:03 - 7 of 28
Douggie - 18 Mar 2004 08:09 - 8 of 28
little woman
- 18 Mar 2004 08:38
- 9 of 28
Not staying long as I have committee meetings this morning.
Croc - France again? You must go several times a year?
Melnibone - 18 Mar 2004 09:11 - 10 of 28
Can't find any compelling reasons to buy or sell anything
at the moment.
Maybe the market feels the same and we are just going to
establish a sideways trading range until we get a catalyst
to break one way or the other.
Back to trading simple support and resistance and not trying
to guess a trend seems a good present strategy IMHO.
TP has already quoted the levels I'm looking at, so nothing
to add there.
Claws joining the Bull Horns in the loft for the time being.
Dig 'em back out when the market says so. :-)
Melnibone.
Fundamentalist
- 18 Mar 2004 09:12
- 11 of 28
Good to see SKP is still holding despite the lack of news - looks like we are going to have to wait till the results for any contract announcements now (to offset the bad profit or should I say losses)
little woman
- 18 Mar 2004 09:14
- 12 of 28
I want to get back into GSK, but waiting for the market to settle as think this share has further to fall.
Melnibone - 18 Mar 2004 09:28 - 13 of 28
1050 entry point should give limited downside. I see support
coming in between 1000 and 1020 if 1050 breaks.
Your strategy of scaling into positions around those levels seems
OK to me. It's still rising less than the market on up days
and dropping more/similar on down days at the moment so I wouldn't
go in too heavily margined just yet, but there's nothing wrong
with a small position with correspondingly wider stops, IMHO, as
you build your position. Just need to watch your money management.
Melnibone.
Melnibone - 18 Mar 2004 09:34 - 14 of 28
Not sure if you use real shares or CFD's.
One point to consider here is if it gets such a caning that
drops it out of the FTSE 350. If you trade CMC CFD's and
this happens, then you will be forced to close your position
at a loss as CMC will no longer make a market in it.
PON and Bookham holders have just found that out.
Not saying this will happen, but be aware of it if they
disappoint and are forced to raise capital or have a rights
issue.
Melnibone.
Fundamentalist
- 18 Mar 2004 09:39
- 15 of 28
Thanks for your comments. On GSK I am going to try and be disciplined and keep as a LTBH this time rather than selling the rise and shorting back down as I have done the last few times.
As for SKP, this is real shares in my ISA that have been tucked away for a while so the CFD issue does not affect me but thanks for the warning. I am also looking into the possibility of hedging the stock just prior to results day with an option, just in case the news is as bad as it could potentially be (trying to minimise the results day gamble - as this is what this is turning into)
little woman
- 18 Mar 2004 13:10
- 16 of 28
little woman
- 18 Mar 2004 13:56
- 17 of 28
little woman
- 18 Mar 2004 16:03
- 18 of 28
BBC Business Editor Jeff Randall
Comment about SHELL
little woman
- 18 Mar 2004 16:13
- 19 of 28
1. Have a go at this:
Left brain, right brain.
While sitting at your desk, lift your right foot off the
floor and make clockwise circles. Now, while doing this,
draw the number "6" in the air with your right hand. Your
foot will change direction and there's nothing you can do
about it!
Then 2:
Post on this thread the results! (let see how many people will post!)
optomistic
- 18 Mar 2004 16:22
- 20 of 28
little woman
- 18 Mar 2004 16:27
- 21 of 28
Kayak
- 18 Mar 2004 16:39
- 22 of 28
optomistic
- 18 Mar 2004 16:48
- 23 of 28
Is it the speling of optimistic you are refferring to? I did chuse optomistic to be perhapsa tad arwkward or diferent. Did you try LW's little test?
All the best
optomistic
Kayak
- 18 Mar 2004 16:50
- 24 of 28
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