Crocodile
- 16 Feb 2004 19:51
UK PreMarket Futures |
FTSE +7 |
DAX +4 |
DOW +25 |
S&P +2.9 |
Nasdaq +6 |
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Annual UK house price growth
slowed very slightly in the three months to January as more people put their
properties on the market
Vodafone is now favourite
to win the bidding battle for AT&T. It may raise its offer to as much as $39.4
billion (21 billion pounds), while Cingular Wireless is now thought not to raise
its offer.
Amersham medical firm currently being taken
over by General Electric said a weaker dollar meant its profits fell last year
2% to 294 million pounds, but its drug discovery unit moved into the black ahead
of schedule.
Reuters
returned back into profit which were above market expectations despite a 10%
fall in revenues. Profit of 190 million compared with market forecasts of around
110-150 million pounds. The company declared a full-year dividend of 10 pence
per share. Good figures!
Uniq food group said it was in discussions
to sell its UK poultry business, after the loss of key Burger King work and the
outbreak of Avian flu around the world has led to a loss of about 3 million
pounds in the current financial year
Bradford & Bingley mortgage bank reported
annual profit of 263 million pound beating expectations of 261 million pounds
after its estate agency business recovered in the second half.
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United Kingdom |
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United States
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Europe & World |
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Amersham (F), BG BG Group (F),
Reuters Group (F), DICOM Group (I), Netstore (I)
Temple Bar Investment Trust (F),
Second Alliance Trust (H1),
Fairplace Consulting (I), BG Group (F),
Bradford & Bingley (F),
Hardys & Hanson (AGM)
UK RICS Jan house price survey
(0030 )
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Genuine Parts Company Q4, Glamis Gold Limited Q4
Network Appliance Inorated Q3,
Agilent Technologies Q1
Fairplace Consulting, Macro 4,
Netstore, Rights and Issues I.T.
2.15pm Capacity
Utilization , 2.15pm Industrial Production
1.30pm NY Empire State Index |
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Melnibone
- 17 Feb 2004 09:21
- 6 of 26
Morning all,
That VOD effect has certainly skewed everything.
Market always has a surprise in store, hasn't it?
Time to get out the 'Cyber virtual rubber' and redraw some lines
and levels with the 'Cyber virtual pencil', I think. ;-)
Melnibone.
snoball
- 17 Feb 2004 11:00
- 7 of 26
I wish I'd bought Reuters on Friday.
Looking at my chart I can't see a gap up like the one this morning.
Does one wait for it to drop back or jump in now with both feet?
stockbunny
- 17 Feb 2004 11:19
- 8 of 26
Anyone know why despite good results from Brad & Bing. & the housing
market still doing ridiculously well, the stock market
is still putting the knife in at HBOS? They report next week, should
do well...only recent thing reported has been this rumour about them
buying an Australian bank - it is that the mkt doesn't like?
Any ideas...
Melnibone
- 17 Feb 2004 12:50
- 9 of 26
Well, that was nice!
Lost my bearings with this VOD effect so I took my SHEL
profit and got on with a task, just finished and logged back
in to find SHEL has now gone negative. Lol!
My 12Yr old washing machine finally blew up last night. So I've
ordered one on line from Comet which they're delivering tomorrow.
So I've just spent a happy morning disconnecting the old one
ready for them to take it away at the same time.
Found a very annoyed huge spider when I pulled it away from the wall.
He's not a happy bunny now his home is disappearing. :-)
Haven't a clue where the markets are going now, so I'll stay flat
until Wall Street decides what it's going to do.
My worry about GSK dropping to 1000p if it broke 1150 support
doesn't look quite so outlandish this morning, does it?
Careful if you fancy these as a longer term long. The chance of
1000p just got a whole lot nearer.
Melnibone.
FTreader
- 17 Feb 2004 13:08
- 10 of 26
stockbunny, it may be due to the fact that HBOS & BB are both heavily into Self Cert mortgages, they may pay for it later. Barclays is a safer bet in the banking sector IMO.
stockbunny
- 17 Feb 2004 13:26
- 11 of 26
Thanks Ftreader - I hold HBOS (to me heavily into mortgages) but also
LLOY (to me more heavily a clearing bank) but was very tempted
to get into barclays at one time, your thoughts I feel are quite
right, but at this stage holding 3 in the sector would be too much.
Fundamentalist
- 17 Feb 2004 13:32
- 12 of 26
Melnibone
The more GSK goes, the more i am starting to believe your 1000p target. I am now only trading these very short term (less than a day usually) though still intend to buy some for the long term though not until the price appears to have settled a bit. Thanks for your earlier postings regarding this because they were the trigger for me to keep a much shorter term view on them and actually made me money rather than me sitting on what would now be quite a large paper loss.
Crocodile
- 17 Feb 2004 13:40
- 13 of 26
Dividends for tomorrow
BP PLC 3.674
Compass Group PLC 5.7
Compel Group Plc 0.5
Diagonal PLC 1.2
Fiske Plc 2
Gartmore Fledgling Trust PLC 1.5
GlaxoSmithKline PLC 14
Inter Link Foods PLC 1.85 1
Viridian Group Plc 9.46
Astrazeneca Rate 29.4p
stockbunny
- 17 Feb 2004 13:58
- 14 of 26
Much thanks Croc - saves me looking up for BP!
ThePlayboy
- 17 Feb 2004 14:17
- 15 of 26
ind prod .8% just better than exp i think
stockbunny
- 17 Feb 2004 14:24
- 16 of 26
Will the States have a positive day or will they drag us
down from a very positive morning??
((Having to keep the trigger off selling RTR today, got a
feeling/hope it may have further to go))
ThePlayboy
- 17 Feb 2004 14:29
- 17 of 26
Updated 2/13 for Tuesday's market.
Key DOW Levels for 2/17
UP Above 10,660
DN Below 10,600
Melnibone
- 17 Feb 2004 14:57
- 18 of 26
That's what these boards are all about Fundamentalist,
sharing views and giving alternative opinions.
I've had to rethink a lot my own preconceived notions after
reading other posters take on matters.
Always good to listen to other viewpoints, but your actions
should always be based on your own final thoughts, not
someone elses.
Glad you made some money. :-)
Melnibone.
Melnibone
- 17 Feb 2004 15:20
- 19 of 26
Just had look to see how the Eurozone Indices have been going.
Eustoxx50 stalled at 2900.
Dax stalled at 4100.
Cac just broke 3700.
If DOW doesn't break above 10700, then there's a good
chance of some Eurozone profit taking prior to the close.
Melnibone.
Hamsa
- 17 Feb 2004 15:42
- 20 of 26
Can anyone give me some guidance on Reuters. Do you think the price will fall back a bit or is it all up from now. Shorted at 403 and wondering whether to turn deal around. Many thanks
mrcrazy
- 17 Feb 2004 16:43
- 21 of 26
wouldn't have thought reuters would climb a lot further as it has climbed over 60 per cent this year alone. Seems very top heavy now, and I also think the techmark and ft250 are both very top heavy. Anyone else agree ?
mrcrazy
snoball
- 17 Feb 2004 17:12
- 22 of 26
RTR has been top heavy for a while by the look of it. It still keeps going up though.
I'm waiting and watching to wee what happens in the next day or two.
Fundamentalist
- 17 Feb 2004 17:21
- 23 of 26
Melnibone
I agree completely - I always take full responsibility for any investment I make but if often takes someone else to state a contrary view with good reasoning to stop me being pig-headed - a dangerous mindset in this game (but a trait i've always had). Out of curiosity do you ever trade Bunzl? any views would be appreciated - they release results next week and i am looking to go short.
Melnibone
- 17 Feb 2004 18:23
- 24 of 26
Sorry Fundamentalist,
I've never looked at BNZL before. Don't know anything
about them.
A quick look at the chart would appear to show it still
in an uptrend. So if you are going to go short then I
would wait for it to start making lower lows and lower
highs, otherwise you may find yourself shorting it on
the dips which has burnt a fair few Bears this year who
have been trying to guess the turns.
Maybe Croc's 1-2-3 system would give a direction?
Melnibone.
hjs
- 18 Feb 2004 12:43
- 25 of 26
RTR is overbought according to Charts plus the recent results are not that bright to push it that high. IMHO they will drop like a stone once the market turns south.Turn round has only happened from cost cutting and not through improvement of market share from Bloomberg. So which ever way you look at RTR will drop so hold on to your SHORT positions! Again this is my own opinion so make your judgement before you take any action.