Stopped out @ 335.70 + 10.7. Left Limit Buy @ 342.0.

Moved Limit Buy to 335.0

Limit Buy triggered @ 335.0, which unfortunately leaves me with a losing trade after yesterdays close. Initial target 150.0 however depending on Dow futures and any subsequent news over weekend, will get out quick if continues to go against me. In hindsight should have taken taken profits at my initial target 140.0 and then left well alone. Obviously sentiment re defence cuts will in short term affect price, but still hopeful of a wee bit more upside. In any case still think stock undervalued despite defence cuts, historically tends to go down after divi payment due on 20/10, then has a Xmas rally.

Initial target 350 (rather than 150)???
Am hoping that 370 is achievable, but may have to wait a month or two.

Yes Harry 350.0, i'ts an age thing you know :O)

StockMarketWire.com
"Defence contractor BAE Systems has signed a definitive agreement to acquire L-1 Identity Solutions's Intelligence Services Group for $295m.

The group, which is comprised of SpecTal, Advanced Concepts and McClendon, is a leading provider of security and counter threat capabilities to the US Government for cash consideration of $295,833,000 in the aggregate.

The proposed acquisition will be funded from BAE Systems' existing cash resources.

BAE said the SpecTal, Advanced Concepts and McClendon businesses complement the activities of BAE Systems' existing US-based Intelligence & Security sector capabilities and support the company's strategy to develop its customer support and services business.

The acquisition is conditional, among other things, upon receiving certain US regulatory approvals and is expected to close in the fourth quarter of 2010. "

Trinidad and Tobago has reneged on a deal to buy three offshore patrol vessels from BAE Systems, potentially costing the defence company 150m. The ships were built at BAE's yard in Portsmouth and the first was due to be delivered to the Caribbean nation within weeks. Another has just completed its sea trials with a Trinidadian crew and the final ship is about to begin trials, the Times reports.

Not great news skinny, got out @ 334.2.

Amazing though that a possible loss of 150m order can move the sp for a company with a market cap of 11.3bn! I believe they pay more than that in sweeteners to secure orders from friendly nations in the Middle East.

Sentiment re uncertainty of any proposed defence cuts seems to be the order of the day Harry.

Bit of a long shot, left Limit Buy (SB) 338.2 Tgt 350.0 Stop 333.2

Chris this was first shown on Monday (I didn't watch it until last night) - it may have some bearing on your BAE trading!

Hi skinny,

I don't know about you but watching that programme just highlights the fact that the MOD couldn't organise a piss up in a brewery, to many chiefs and not enough indians in the armed forces, grace and favour homes, servants etc at the expense of our front line troops. (No change there then). And BA. would appear to be a recruitment centre for ex- ministers, LOL. Bottom line will be, will the Govt. continue to rely on British defence contractors and continue to back BA. or will they buy off the peg from the USA. What do you think?

As regards trading the stock Limit Buy triggered today :o) tight stop!

Stop moved to entry, risk free trade.

Moved stop to 343.2 to lock in a profit.

Moved stop to 346.2

Yes. DOW dragged eveything up in the last hour or so, after a flat morning. Can't you do a trailing stop, as I can see more upside today & monday?

Closed @ 347.8 + 9.6. That'l do for now Harry :O)

Limit Buy (SB) triggered @ 342.2 Tgt 360.0 Stop 332.2

Out prior to jobs report 342.2 for nowt.