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Traders Thread Monday 2nd August 2004 (CROC)     

Martini - 01 Aug 2004 15:09

little woman - 01 Aug 2004 23:11 - 9 of 23

Evening all,

Thanks Spaceman & Martini

Martini - 02 Aug 2004 00:20 - 10 of 23

Melnibone
Hope the floor is going well I have been doing the reverse and ripping one up and knocking a wall out. Buggers the old knees eh what?
Still got you on my list for a "Thoughter" slot and will not let you off the hook young man.
Regards
M :)

little woman - 02 Aug 2004 07:36 - 11 of 23

Morning all,

a quick reminder that you only have 25 min to get your entries in for the August FTSE competition.

Have a good trading day.

LW :-)

Big Al - 02 Aug 2004 07:42 - 12 of 23

Morning.

OIL - remains high in Far East. BP boss expects it to stay above 40$ short term.
http://www.moneyam.com/action/news/showArticle?id=406909

BCS - interims very nice.
http://moneyam.uk-wire.com/cgi-bin/articles/200408020700024457B.html

HVN - not had the best of recent runs, but pre-close states results will be substantially ahead.
http://moneyam.uk-wire.com/cgi-bin/articles/200408020700024576B.html

MXC - acquiring!
http://moneyam.uk-wire.com/cgi-bin/articles/20040802070000P135C.html

PDL - drilling update might fire it up once more.
http://moneyam.uk-wire.com/cgi-bin/articles/200408020700044658B.html

ULE - got a bit to do in the 2nd half to make forecasts?
http://moneyam.uk-wire.com/cgi-bin/articles/200408020700054717B.html

SOG - sfotware minnow seems bullish for the 2nd half.
http://moneyam.uk-wire.com/cgi-bin/articles/200408020700074727B.html

GRM - a new restaurant!
http://moneyam.uk-wire.com/cgi-bin/articles/200408020700084750B.html

ARX - more good news hot on the heels of last week's?
http://moneyam.uk-wire.com/cgi-bin/articles/200408020700104781B.html

MLT - flogging stuff to SDY.
http://moneyam.uk-wire.com/cgi-bin/articles/200408020700104783B.html

LWB - breaking into China. Might inspire the next leg up?
http://moneyam.uk-wire.com/cgi-bin/articles/200408020700104790B.html

INCH - looking good at halfway!
http://moneyam.uk-wire.com/cgi-bin/articles/200408020700124797B.html

VTI - quarterly cash flow report.
http://moneyam.uk-wire.com/cgi-bin/articles/200408020700134834B.html

SMWH - disposal leads to return of cash to shareholders.
http://moneyam.uk-wire.com/cgi-bin/articles/200408020700194865B.html

UBC - a couple of new shows on Radio 2 - for those who listen to it! ;-)
http://moneyam.uk-wire.com/cgi-bin/articles/200408020700194866B.html

SBT - trading update nice. Was long these, but got bored.
http://moneyam.uk-wire.com/cgi-bin/articles/200408020700194867B.html

FTC - putting some gloss on a pretty poor performance. The finance section makes interesting reading. "The trading conditions prevailing in the
latter part of the financial year and the appreciation of sterling against the
dollar have led to certain breaches of the financial covenants associated with
the term loan. The group's lending banks have confirmed their continuing
support, including the waiving of the covenant breaches, whilst reserving their
rights". Heftier startup costs in WI.
We'll see what the market thinks.
http://moneyam.uk-wire.com/cgi-bin/articles/200408020700154845B.html

Currently long AQP, ASC, DVO, HTG, MNA, MRS, short FTC, OKR, PLM.

Have a good day.

jj50 - 02 Aug 2004 08:09 - 13 of 23

Morning All.

Thanks Big Al. Interesting reading. My son in US and he says an awful lot of serious concern around so hope markets not hit even harder.

Douggie - 02 Aug 2004 08:12 - 14 of 23

mornin all

teletigger - 02 Aug 2004 08:18 - 15 of 23

Many thanks to all involved.
regards

Big Al - 02 Aug 2004 08:54 - 16 of 23

Covered FTC short +24ish and OKR short -5.5.

PRM still in the doghouse.

zarif - 02 Aug 2004 10:24 - 17 of 23

morning all

Melnibone - 02 Aug 2004 10:33 - 18 of 23

Young man, Martini?
Thank you, that made me feel better. :-)

Bad knees? Tell me about it. When I started this project I was 54
but felt and looked like 40. Now I'm 54 and look and feel like 64. :-(

Swing traders now have their lower low, but what will the high be?
A lower high or a big white candle higher high?
We'll find out when the US opens and does its thing.

WLW still in a nice short-term downtrend. May get a good buy price on this if
the markets do a nice, big, fat dip.

MRW still flirting with 180p.

AVZ? Phooey. I rest my case on this one.

Back to the flooring. :-(

May catch you later.

Melnibone.

stockbunny - 02 Aug 2004 12:02 - 19 of 23

Thanks Martini and Spaceman!
See we are painting the town red in general this morning - oh lovely
and such a change from recent days...I wish!!

My thanks (not)to HBOS for the idea of buying ANL - which has sent the
shares into reverse having started to look positive last week!!!

Melnibone - sorry about the knees....Well done for carrying on, if
some flooring had given me the grief that stuff has given you, I would
have had a bonfire in the garden with it by now!! ;>)

Big A....a bucket of whiskey is on stand-by just in case you need it later...

Melnibone - 02 Aug 2004 16:21 - 20 of 23

Well, not exactly a rout today. Was it?

Managed to find time from my labours to do a scalp on MRW.
Don't know what the US is likely to do this evening, so I won't
bother trying for an overnight scalp on a UK stock.

Will have a look after dinner, and see if there's a trend I can
catch on the NDX or the S&P.

Melnibone.

Big Al - 02 Aug 2004 16:38 - 21 of 23

Only the 2 trades today.

Pretty slow really, but had a fair amount to do anyway.

No need for the bucket stockbunny. ;-))

stockbunny - 02 Aug 2004 16:40 - 22 of 23

OK if you're sure Big Al - I'll cling-film it and leave it under the table
for you...just in case it's needed tomorrow

Big Al - 02 Aug 2004 16:42 - 23 of 23

I might be back later for it! ;-))

Cheers hunnybunny. lol
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