morning all.

Morning boys and girls!

Morning ladies and gents!

long ARM 120

morning everybody

mornin all

Lobbed AMT +13 - not bad for 24 hours! ;-)

Went long FIB 124p

Took the cash from JKX at 120p - and lots of it!!! ;-)))))

Out of RDW +6.5

Tom Hougaards thoughts for todays market
rgds
zarif
Good morning,



I will readily admit that I was surprised in a major way by the weakness yesterday evening. I dont know what caused the market to reverse like it. It doesnt really matter. Maybe there is liquidation of a portfolio or maybe it is the rebalancing of the Russell 2000 index. One thing I know is that support is 1132 and this will have to hold otherwise I will lean back on the short side.



The Fed meeting is tomorrow evening and maybe the selling was related to this. Either way we should know today if there is any more selling coming because if it is liquidation the seller will have to get the selling done over the next 12 trading hours. The US futures dipped down to 1127 overnight so we could see more downside today. Usually someone knows something and they will sell ahead to hedge themselves or front run the market. A lot depends on how weak Europe will open up in 20 minutes time.



I am cautiously optimistic that we will see higher prices as long as we can hold this area around 1132. For today I do have a dip near the open and a turn later on today. I suspect volume will dry up going in the FOMC meeting tomorrow, but I also know for a fact that institutions will do anything to keep prices afloat ahead of the 30th June mark-to-market cut off date. As the funds have to be fully invested I will bet that they will hold the market higher. As I stated over the weekend the market favours dip buying this week.



The good news in my mind is that the quarter-end is nearly over and I suspect we will see a 2-3 week straight line move beginning in early July.



Good luck today



Tom

25 is long term support - this looks like a nice low risk higher low to me...

Big Al.

Thanks for your thoughts on what you are trading.

Took up JKX in time to make a few quid, so I owe your a drink :)

sw - I've never refused one yet!! ;-))

Must admit my RR. and AQP long looking a bit sad, so it's not all good news. And I lobbed AMT far too early this morning. Muppet!

is this where the amateur trade in the investors room. as i have never bought/sold, shares in the same day,same month yes.
as this side,,investors get`s 10% of the hits compared to traders.

any recent buyers of eidos/itv ,,or just me .

Traders just talk more crap, dave!

;-))

???

Dave, keep and eye on wlw, it looks like it is begining to drift after all that effort!!

Cheers Big Al.

sof could make a jump tomorrow. Always underplayed and undervalued, if they have made any advances in sorting the Kwiksave portion, then they may just head back to 170p.

In at 146p

cheers seawall, i`ve noticed it drifting around the 45/46 seems like the winds droped. still under valued by miles i dont no , and the best 6 months to come.