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Traders Thread - Friday 20th February (AL.)     

Crocodile - 19 Feb 2004 23:02

UK PreMarket Futures FTSE -25 DAX -30 DOW +2 S&P -0.3 Nasdaq +1.5

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Gold/Bond Pivots Markets  Futures Translate
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1 Day 2 Day 5 Day  US News

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S&P Futures

Nikkei -33   Hang Seng -25   Asia News

DAX CAC  Euro News
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U.S. stocks closed lower with most of the declines made in the last half hour of trading with the Nasdaq being hardest hit

Alliance & Leicester reported profit up 12 percent to 525 million pounds from 468.3 million a year earlier slightly above market expectations mainly due to mortgage lending. It also announced that it would buy back shares this year.

De Vere Group hotelier said it saw its overall trading environment as variable, with resilience in the leisure break market but a less consistent recovery in business conference demand. Like for like revenues rose 1.8 percent in the first 19 weeks of its financial year.

Go-Ahead transport group posted a 43-percent jump in half-year profits to 47 million up from 33 million and at the top end of estimates, boosted by its rail and bus units.

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Go-Ahead Group (F), Alliance & Leicester (F), ASOSDe Vere Group (AGM), Bankers Investment Trust (AGM)

1.30pm  Core CPI 1.30pm  CPI

Deutsche Boerse (F)

L'Oreal (F)

Croc@SnappyTrader.com  WWW.SnappyTrader.com

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cynic - 20 Feb 2008 11:34 - 54 of 58

OUT at 482.5 = 22p clear of all costs ..... that will make dinner taste even better

stroreysj - 20 Feb 2008 14:19 - 55 of 58

for once i got this right and shorted at 15 a point over night. Picked up a nice four figure sum which goes some way to covering my RIO short. The mkt still seems relatively resiliant, albeit with low volume, baring mind the news US CPI news. Not brave enoughto lay anymore shorts

cynic - 20 Feb 2008 14:39 - 56 of 58

if you are short RIO, surely you have now made back nearly all your losses

stroreysj - 20 Feb 2008 15:25 - 57 of 58

Cynic I wish, it needs to fall another 444 points to break even. I have been taking profits at the edges with covering longs so the loss is not as big as it looks. Will start start averaging up the closer we get to the end of march and hopefully claw some of it back. Tempted to go long on CSR at 417, one of your holdings i believe

cynic - 20 Feb 2008 16:01 - 58 of 58

haven't held CSR for several weeks ..... it got weeded out and have not followed of late
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