Ian its fine now thanks

What thread should I post those sort of Level II comments to?

Morning all.
JRVS had a good morning so far.

Foale,

There is a Level 2 thread, but this was just me being slow on a Monday morning :-) if you post here I will normally pick it up pretty quickly.

Ian

Morning All.

Foale,

Thanks for the message - I will monitor ARM to see if I can see and differences in the data.

Ian

AQP in the City this week shaking the Tin ;-)

Long DVO - new high for quite some time.

Boyse - better grab a few then! ;-))

what a Nice sell in ANL ;>}

TFC not looking too clever - bit of a double top retested?

if i knew how to play ANL today i would - !!

Well, I've taken a small punt a few moments ago on ANL at 549. If the bid is 550 then probably breakeven, if it's less I'll be surprised - and there's still the possibility of another bid coming in I suppose - but I can take the loss - if it's more than 550, I'll be happy.

20k sell bot BFP. Still short.

LONG anl -SHORT RBS

Al. I've got some AQP and there's a strange upward-pointing arrow in green beside the price. Don't get many of those! Similar arrow against HCEG.

Have spent over an hour making up terminal views so will take an hour or two off as at my age there's a real danger of RSI (don't laugh, it will come to you all eventually).

0850 GMT (Dow Jones) MADRID--Societe Generale cuts Santander (STD) to sell from buy. Report was released prior to formal announcement of bid for Abbey National (ANBB). Brokerage expects bid at 583p, which "would destroy EUR2.7B in value." SG judges the deal "as positive for Santander from a strategic perspective (but) we expect the market to overreact on news given Santander's track record to overpay." Cuts Santander's FV to EUR9 from EUR9.7. Stock suspended at EUR8. (DRB)

A few more thoughts on ANL now I have another moment - part of the bid is likely to be in shares so Santander's share price becomes crucial, and it's likely to decline. I'm hoping that this doesn't mean a circa 550 bid based on Santander's price on announcement day Friday, because then the bid will most likely work out as being sub-550. Although, if it's 550 rather than the 650 Santander's shareholders probably fear, it's possible that the price will start to rise.

If the bid does end up being sub-550 by virtue of Santander's falling price, will it be too tempting for other banks to pass over?

ROCkET UNDER anl ????L

Yeah - what was that all about? I'm cut off from most of my news sources here so I'm probably going to get caught out here...

edit: ah... news out

*ABBEY NATIONAL SHAREHOLDERS TO GET 1 SCH SHARE PLUS 31P/SHARE CASH