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)

StockMarketWire.com
"Defence contractor BAE Systems has signed a definitive agreement to acquire L-1 Identity Solutions's Intelligence Services Group for $295m.

The group, which is comprised of SpecTal, Advanced Concepts and McClendon, is a leading provider of security and counter threat capabilities to the US Government for cash consideration of $295,833,000 in the aggregate.

The proposed acquisition will be funded from BAE Systems' existing cash resources.

BAE said the SpecTal, Advanced Concepts and McClendon businesses complement the activities of BAE Systems' existing US-based Intelligence & Security sector capabilities and support the company's strategy to develop its customer support and services business.

The acquisition is conditional, among other things, upon receiving certain US regulatory approvals and is expected to close in the fourth quarter of 2010. "

Trinidad and Tobago has reneged on a deal to buy three offshore patrol vessels from BAE Systems, potentially costing the defence company 150m. The ships were built at BAE's yard in Portsmouth and the first was due to be delivered to the Caribbean nation within weeks. Another has just completed its sea trials with a Trinidadian crew and the final ship is about to begin trials, the Times reports.

Not great news skinny, got out @ 334.2.

Amazing though that a possible loss of 150m order can move the sp for a company with a market cap of 11.3bn! I believe they pay more than that in sweeteners to secure orders from friendly nations in the Middle East.

Sentiment re uncertainty of any proposed defence cuts seems to be the order of the day Harry.

Bit of a long shot, left Limit Buy (SB) 338.2 Tgt 350.0 Stop 333.2