Investors' Room :: Traders Thread & Thoughts - Monday 15th March - MoneyAM - Free Share Prices, Stock Quotes, Charts, News, Level2

Crocodile - 14 Mar 2004 11:58

UK PreMarket Futures

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House price inflation has accelerated over the past month although house prices at the top end of the property market are falling dramatically

UK futures turn negative

Imperial Tobacco said the group was on track to meet its own expectations for the financial year

Profile Therapeutics maker of inhaled drug delivery systems 6 month losses fell to 1.79 million pounds and first-half revenues rose 13 percent to 7.1m

Headlam Group floor coverings distributor reported a 9% growth in annual profit to 32.6 million pounds and said it looked forward to another year of growth.

Spirax-Sarco engineering maker of temperature and pressure controls, met forecasts with a 10 percent rise in 2003 profit to 44.6 million pounds and expected profit growth this year.

BAE rules out Alvis counterbid ..

Calendar: United Kingdom

United States (GMT)

Europe & World (GMT

Primary Health (I), Alea Group (F), Headlam Group (F), Medical Solutions (F), Profile Therapeutics (F), ROK Property Solutions (F), Roxboro (F), Spirax (F)

Cintas Corporation, Dollar General Corp Tenet Healthcare Corp

13:30 NY Empire State Index 14:30 Capacity Utilization 14:30 Industrial Production

Hochtief AG, Thales, Lagardere Groupe

Croc@SnappyTrader.com WWW.SnappyTrader.com

Douggie - 15 Mar 2004 07:40 - 7 of 22

mornin all

Melnibone - 15 Mar 2004 08:48 - 8 of 22

Morning all,

FTSE having trouble getting above the the Thursday bounce
area that I mentioned.

The Spanish election result and the tragic events in Madrid
are having an effect.

If it was ETA then that would maybe have united the Government
and the people. But because it is now looking like Al Qaeda
this raises the worldwide terrorist stakes. Al Qaeda have achieved
a goal by displacing the Spanish government that supported the
Iraq war. The worry now is there will be repeat attacks in other
countries to achieve the same effect.

I think that fundamentals have just flown out of the window
as far as stock markets are concerned. Markets dislike uncertainty.

Melnibone.

little woman - 15 Mar 2004 09:06 - 9 of 22

Morning all

Crocodile - 15 Mar 2004 10:38 - 10 of 22

Yummy tea,
Went short FTSE as I mentioned in the header at 4450 and a small short on BDEV. Thats my lot on a quiet morning.

little woman - 15 Mar 2004 10:46 - 11 of 22

Still non of my stop losses have kicked in - still makes me think that this is not a falling market. (Or I just don't hold the FTSE100 shares that are being hit hardest!)

Melnibone - 15 Mar 2004 11:43 - 12 of 22

Maybe you're just a good stockpicker, little woman. :-)

Melnibone.

little woman - 15 Mar 2004 12:03 - 13 of 22

I wish - the bulk of my shares have paid a rising div every year consistantly! I suppose they are just solid companies, so don't get hit as hard as others.

Melnibone - 15 Mar 2004 12:07 - 14 of 22

My gut instinct is telling me to short the pops now,
not buy the dips.

Looking at the way some stocks, as well as indices, are performing,
I'm getting the impression that when stuff rises to where folk
bought in for a bounce, and it didn't, then they are just selling
to exit positions whilst breathing a sigh of relief.

If S@P breaks below the 1100/1105 area, then my P@F chart is
suggesting that support will not come in until the 1030/1040 area.
Think what that will do to Eurozone stocks and indices.

I'm leaving long positions to heros and LTBH'ers.

Melnibone.

little woman - 15 Mar 2004 12:35 - 15 of 22

Several of my shares are up today, and the few downs, seem to be pulling back up. BT.A is currently 5+, so I'm showing a very healthy profit now. Even JRVS purchased before the fall is still in profit.

Crocodile - 15 Mar 2004 12:39 - 16 of 22

Had 2 shorts on the FTSE, closed the early one for a few when it fell below 4050 and the second for a meager 2 points when it just flatlined.
No position at the moment.

ThePlayboy - 15 Mar 2004 13:38 - 17 of 22

Croc sounds sensible to me, do u have depth of mkt for ftse, thats some comp prog today, like Fri, unbelievable, who wrote that, i,d like to throttle em:) Was ok but was a real take on! Couple of trades but sat on hands, was cheaper!

Crocodile - 15 Mar 2004 14:55 - 18 of 22

TP,
Yep have mkt depth, very intersting

ThePlayboy - 15 Mar 2004 14:57 - 19 of 22

also have the depth, but been mad past couple of days, i prefer a medium mkt!

Melnibone - 15 Mar 2004 17:06 - 20 of 22

Glad I changed strategy from last Thu/Fri to sell the pops
instead of buy the dips.

S@P very close to the critical support level now.
If this goes, it will be a large gap down open on the
FTSE tomorrow below 4400.
Still, let's not jump the gun, 4 hours left to trade yet.

Melnibone.

Melnibone - 15 Mar 2004 17:19 - 21 of 22

2970

X

2940

X

O

2910

X

O

X

O

2880

X

O

X

O

2850

X

O

2820

X

O

2790

X

O

2760

X

2730

X

2700

X

2670

X

O

X

2640

X

O

X

O

X

O

X

2610

X

O

X

O

X

O

X

2580

X

O

X

O

X

O

2550

X

O

X

O

X

2520

X

O

X

O

X

O

X

O

X

O

X

2490

X

O

X

O

X

O

X

O

X

O

2460

X

O

X

O

X

2430

X

O

X

O

2400

X

O

X

O

2370

X

O

X

O

X

O

X

O

X

2340

X

O

X

O

X

O

X

O

X

O

X

2310

X

O

X

O

X

2280

X

O

X

O

X

2250

X

O

X

O

X

O

2220

X

O

X

O

X

O

X

O

X

2190

X

O

X

O

X

O

X

O

2160

X

O

X

O

X

O

X

2130

X

O

X

O

X

O

X

2100

X

O

X

O

X

2070

O

X

O

2040

O

X

2010

O

X

1980

O

X

1950

O

X

1920

O

X

1890

O

1860

Update for the EUSTOX50 PnF chart. I've found this one to be pretty indicative

of Eurozone Indices this year. Not looking pretty. This is only the second time that

we've dropped 2 box's below the support. If SnP drops then the EUSTOX50 could

carry on dropping to below 2600.

Melnibone.

Melnibone - 15 Mar 2004 17:25 - 22 of 22

X

4600

X

O

X

O

X

O

4500

X

O

X

O

X

O

X

O

X

O

4400

O

X

O

X

O

X

O

X

4300

O

X

O

X

O

X

O

X

O

X

O

X

O

X

4200

O

X

O

X

O

X

O

X

O

X

O

X

O

X

O

X

O

X

O

X

O

X

O

X

O

X

O

X

O

X

O

4100

O

X

O

X

O

X

O

X

O

X

O

X

O

X

O

X

O

X

O

X

O

X

O

4000

O

X

O

X

O

X

O

X

O

X

O

X

O

X

O

X

3900

O

X

O

X

O

X

O

X

O

X

O

X

O

X

O

X

O

X

O

X

3800

O

X

O

X

O

X

O

X

O

X

3700

O

X

O

X

O

X

O

X

3600

O

X

O

X

O

X

3500

O

X

O

X

3400

O

X

O

3300

Update on UKX PnF chart. Still in bull trend but check out the action

on the left when we were last at these levels.