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Traders Thread - Thursday 6th November (BOOT)     

Crocodile - 06 Nov 2003 00:04

Premarket Futures FTSE +8 DAX +12 DOW -39 S&P -4.5 Nasdaq -7.5

1 Day 2 Day 5 Day - UK News

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FTSE 250

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FTSE Small Cap

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FTSE TechMark

1 Day 2 Day 5 Day  Futures  US News

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Nasdaq 100

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S&P 500

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S&P Futures

DAX / CAC    Euro News

Nikkei -285   Hang Seng -294  Asia News

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10 Year Bond

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UK/US charts have 1,2 or 5 day views. and now FT NEWS & Price link to UK, US & Asian markets. The Dax/CAC and Nikkei/Hang Seng are now switchable
News: Sorry Your browser is not java capable  

U.S.stock markets ended near where they started the session, but could do well tomorrow following an after hours quarterly report from Cisco the No. 1 maker of computer network gear which reported better then expected profits up over 76%

With US futures being down and large losses in Asia over night the UK futures do look overvalued at +8

Volumes may be light this morning ahead of the BOE rate announcement.

Boots revealed an expected dip in half-year profits on Thursday and said second-half gross profit margin at its main chain would fall as it cuts more prices. Profits slipped to 265.9 million pounds down 4.9 percent from last year, before Boots sold the Halfords chain. That was in line with analysts forecasts of 252-273 million pounds for the six months to the end of September. The dividend was raised to 8.8 pence.

BAA airports operator said it had a pre-tax profit of 312 million pounds near the top end of analysts' forecasts but this was a fall of 4.3 percent fall for the first 6 months. It continued to forecast four percent growth in passenger traffic for the year to the end of March.

MyTravel warning that it expected to report an operating loss for the second half of its financial year and that trading in the UK had been weaker than expected since it had issued an update in August.

Big Food Group said that half-year profits more than doubled from a year ago, helped by a turnaround at its Iceland frozen food chain. This ws at the middle of analysts forecasts,Telewest said its third-quarter underlying earnings rose 18 percent and the number of customers increased slightly. Despite this they posted a loss of 119 million pounds.

McCarthy & Stone builder of retirement homes reported a forecast-beating 54 percent rise in annual profits on but forecast tougher trading conditions in the current year.
ukf.gif Calendar: United Kingdom
usf.gif United States (GMT)
euro.gif Europe & World (GMT

BAA (I), Big Food Group (I), BG Group Boots Group (I), London Stock Exchange (I) Man Group (I), Scottish & Southern Energy (I), Signet (Q3), Sondex (I), Synergy Healthcare (I), Tate & Lyle (I), Telewest Communications (Q3) Punch Taverns (F), Sun Alliance Insurance (Q3)FW Thorpe (AGM), West Bromwich Albion (AGM) BOE interest rate decision

Sempra Energy Q1, Williams Companies Q3

13:30 Initial Claims 13:30 Productivity-Preliminary

Aegon NL Q3, Aixtron D Q3 Altana D Q3, BMW D Q3 BNP Paribas F Q3, Degussa D Q3 Deutsche Boerse D Q3, EADS D Q3 FJA D Q3, GPC Biotech D Q3 Karstadt Quelle D, ProSieben Sat1 D Q3 Societe Generale F Q3, Vinci F Q3

Croc@SnappyTrader.com  WWW.SnappyTrader.com

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Melnibone - 06 Nov 2003 09:10 - 7 of 22

AVZ now trying to stay at the 400p support.
If it fails this could get really ugly, I would hate
to be long on this stock at the moment.

RBS at S1. If FTSE gives up S1 I can see RBS dropping
to the 1520/1529 area.

Melnibone

Melnibone - 06 Nov 2003 09:16 - 8 of 22

Just noticed that FTSE S2 (4265), is the support line
on Croc's trend channel.

If we are at that and get bad news, things could get
interesting.

Melnibone

little woman - 06 Nov 2003 09:35 - 9 of 22

Except aren't we expecting bad news? And if by some miracle the interest rates don't go up??????

TATE produced some poor results (although about market expectations) and the share price goes up 4.5 points! I think if they have produced really good results they price would be down 4.5 points!

Melnibone - 06 Nov 2003 09:48 - 10 of 22

0.25% hike is already factored in the FTSE price.

By bad news I mean something different like US
payroll the wrong side of the expected range.

Ref TATE, poor results are usually factored in before
the official release. If results don't come in worse
than expected then you often get a relief rally as
folks breathe a sigh of relief.

Melnibone.

little woman - 06 Nov 2003 10:01 - 11 of 22

I was surprised to see that the news from Cisco was good - (I suppose too many of their competitors are no longer competitors!) In fact general the News from the US is better than I would have expected, and generally pretty positive.

(Just been taking a look at www.businessweek.com on the North American business news. )

Melnibone - 06 Nov 2003 10:16 - 12 of 22

Yes, matters are bumbling along, just depends how much is already
priced in for any more upward movement.

If we don't get any shocks I see no reason for Croc's trend
channel not to remain intact and we slowly grind higher through
the month.

Melnibone

little woman - 06 Nov 2003 11:12 - 13 of 22

There really is something to recommend driving a german car. I'm really getting used to this free instant breakdown service.

Forgot to turn the main lights off yesterday (I know it screams at you, when you open the door, but I managed to block it out & forget!). Woke up in the early hours as the alarm was going off intermitantly to tell me the battery was low. Managed to turn off the alarm and this morning rang the breakdown cover (free with the car). The just lent me a battery and tommorrow will give me back the old one re-charged. But then again I supposed I pay for it through the high charges for the basic service. (No more popping to the guy round the corner!)

little woman - 06 Nov 2003 12:34 - 14 of 22

Did anyone mention banks?

LLOY is yo you been pp & r1!

little woman - 06 Nov 2003 12:36 - 15 of 22

Am I right in thinking the market is reating well to the .25% increase in base rates. (less than the .50% many were predicting!)

Melnibone - 06 Nov 2003 12:56 - 16 of 22

Reacted well enough for me.

Used the bounce to take a small profit on my BT.A's.
This was meant to be a position trade but I'm
taking a chance I'll get my position back in these
at a lower level.

Melnibone

Melnibone - 06 Nov 2003 13:10 - 17 of 22

Check out the FTSE chart at the top of this thread and
click on the 5 Day tab.

Coincidence where the bounce stopped, or what?

Melnibone

little woman - 06 Nov 2003 13:15 - 18 of 22

No, I agree, but you never know it make break!

little woman - 06 Nov 2003 15:51 - 19 of 22

Well it's sort of hanging on.........

Can't watch, so going out for a gentle run/walk to watch the sun go down and let the market close with out me. Will check it out in about an hour?

Melnibone - 06 Nov 2003 16:55 - 20 of 22

Resisted the the temptation to buy back my position lower.
Can't understand why the FTSE is up near the week's high
with the US and Asian markets weaker.

Hope to get a pullback tomorrow morning especially as there
will be some nervousness leading up to the US payroll numbers.

These numbers need to be good, not just inline, to push
these markets higher.
If they are weaker it will give the markets the excuse they
are looking for to take some profit off the table.

Will watch the first hour tomorrow morning to see how things
start to pan out.

Good luck all.

Melnibone

little woman - 06 Nov 2003 17:25 - 21 of 22

Friday tommorrow - should be interesting!

zarif - 06 Nov 2003 17:31 - 22 of 22

The results looked good today and with our rate rise and Us rate on hold -the dow should be up 100 pts (especially when our ftse finished well and hardly shaken by the rate hike)
Any way shorted at open and made a killing.

Got a long open at 9790 daily dow and is bobbing +/-Any ideas on topside /downside today??
rgds
zarif
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