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Traders Thread - Thursday 4th March (REX)
Crocodile - 03 Mar 2004 21:23
| UK PreMarket Futures | FTSE +5 | DAX +7 | DOW +7 | S&P -0.2 | Nasdaq +3 |
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The major US indexes traded near unchanged ahead of Friday's jobless report. Brown & Jackson replaces finance chief, De La Rue names new CEO William Hill betting shop chain, reported a big jump in annual profits topping expectations to 170.8 million and made an encouraging start to 2004 with gross win up 17 percent in the first eight weeks. Rexam beverage can maker reported a rise in annual profit above analysts' forecasts of 273 million pounds and said it looked forward to another good year. P&O returned to profit with 80 million pounds but said it was reviewing its ferries business, where trading was tough. "Recent increases in French tobacco duty have had an impact on on-board sales, particularly on the Short Sea. Freight carryings and rates are also down on the prior year Yule Catto & Co Speciality chemicals firm reported annual profits of 59.9 million at the lower end of expectations and said it was confident of future growth despite uncertainties over currency and raw materials. Ultraframe <WARNING> conservatory maker warned investors that second-half trading was likely to be volatile and that full-year profit and sales may fall below its expectations. |
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Country and Metropolitan (I), Eidos (I), Arriva (F), Axis-Shield (F), Fayrewood (F), Hunting (F), Hydro Intl (F), Kidde (F), Mowlem J (F), P & O (F), Rexam (F), Senior Engineering (F), Tarsus Group (F), Wellington Underwriting (F), William Hill (F), Yule Catto (F) BoE`s MPC interest rate announcement |
Citizens Communications (Q4), Dillard's (Q4), Staples (Q4), Symbol Technologies (Q4) 1.30pm Initial Claims 1.30pm Productivity-Rev. 3.00pm Factory Orders |
Rexel (F) LVMH Moet Hennessy Louis Vuitton (F) Vallourec (F), Alten (F) |
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Fundamentalist
- 04 Mar 2004 09:26
- 9 of 25
Still a long suffering SKP holder (LTBH) (from 36p initially with several adds along the way - the last at 66p). The next 4 weeks are going to be interesting with SKP to say the least. At xmas, they announced three new contracts would be signed in the first quarter of this year (which were supposed to happen last year) - that leaves them 4 weeks tops to announce. They announced that they turned down contracts last year on the basis of too low a price. At the end of the quarter ie end march they will release the results for last year which we know are not going to be pretty! If the results are announced and yet again they disappoint on the contracts then I believe that will be the final straw for a lot of long term holders (me included) and the price will head sharply south towards 40p. The flip of the coin is that if the contracts are announced and contain the main launch of Depomorphine then the share price could head towards 100p. There is still a fair level of rumour around on them being a takeover target, mainly based on Fidelity having built up a 15% stake. This is going to be quite volatile upto the end of the month, I guess we may see a climb before the results in anticipation of the contract announcements with either this continuing on results day or a bloodbath depending on the announcement.
All IMHO and any views appreciated
Melnibone - 04 Mar 2004 09:40 - 10 of 25
If this level holds, we're looking at a 10% return, back
up to the next resistance level at 66/67p imho.
Melnibone.
Fundamentalist
- 04 Mar 2004 09:43
- 11 of 25
Melnibone - 04 Mar 2004 09:52 - 12 of 25
buyers/sellers to balance the price.
If poor results are already known, wouldn't this be in the price
and explain the fall from 80p?
That's a 25% drop already.
Melnibone.
Melnibone - 04 Mar 2004 10:10 - 13 of 25
that I bought previously.
Moved a mental take profit stop up as usual to protect it
and they came down again.
I think they are going higher, but I must maintain discipline
and stick to my trading rules. Without plans and discipline
you are trading on hope, and hope can wipe you out.
Melnibone.
Fundamentalist
- 04 Mar 2004 10:12
- 14 of 25
morose999 - 04 Mar 2004 10:41 - 15 of 25
can anyone suggest a web site that supplies a live pre-open DOW (INDU) chart please.
I use prophet.net for the daily chart but theydon't offer this facility as yet.
thanks
Melnibone - 04 Mar 2004 12:24 - 16 of 25
a plan, stick to it and trade it.
HSBA has now dropped another 8p below my sold price,
and I thought it was going further up. If I hadn't
maintained discipline and took the profit, I would now
be sat here in hope, watching it melt away.
Melnibone.
stockbunny
- 04 Mar 2004 13:53
- 17 of 25
My Bob the builder (CRY) has come good today, great results
ahh it is so nice when you put faith/cash plus research of course (lol)
into a firm and it comes good!!!
(OK I know it may not last, but it's great for now!!)
seawatcher - 04 Mar 2004 14:04 - 18 of 25
Excuse these words from a beginner but you are constantly talking such alot of sense. If everyone were to stick by your code we should all be wealthier.
Don't want to embarrass you!!
Actually read your last post, looked at HSBA chart and bought a few long CFD's at 847.2.
Thanks for all posts,
sw
Melnibone - 04 Mar 2004 14:48 - 19 of 25
But give yourself a pat on the back.
You've done the research, made the decision, and
are now sat in profit deciding when to take it.
Nice position to be in, well done.
Melnibone.
Melnibone - 04 Mar 2004 15:11 - 20 of 25
Lot of nervousness about at these high levels.
Any drop that starts to get momentum behind it
could be quick and severe.
Melnibone.
Melnibone - 04 Mar 2004 15:41 - 21 of 25
30mins, there is the possibility of the FTSE taking
some profits before the close.
If it does this, I may consider opening some new
longs to cover US upside after the FTSE close which
would result in a gap open higher tomorrow morning.
All depends on where we finish.
I can cover any US upside/downside this evening with
S@P spreadbets.
Melnibone.
Melnibone - 04 Mar 2004 16:10 - 22 of 25
to add to my FTSE longs, so I'll just have to play
any movement on the S@P.
Melnibone.
stockbunny
- 04 Mar 2004 16:20
- 23 of 25
ago, the Dow was dropping so why the steep rise here now?
Melnibone - 04 Mar 2004 16:24 - 24 of 25
S@P is also outperforming the DOW and the NAZ.
S@P is only 6 points away from it's highs and the
Dow is still below 10600.
FTSE is on new highs.
DAX, Eustoxx50 and CAC are also riding high.
I don't trust any of this at all.
Melnibone.
stockbunny
- 04 Mar 2004 16:27
- 25 of 25
only to plunge like hell without warning!
Oh well keeps the game interesting I suppose...
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