Hello traders!

US indices are near their lows heading into the close as broad-based selling continues to weigh heavily on proceedings.

The Dow was last down 39 points, the Nasdaq down 28 points and the S&P500 7.89 points adrift.

Busy day tomorrow... Hope you are all fit for it.. ;-)

G.

Good morning traders!

In the US last night, renewed concerns about slowing earnings growth, coupled with profit taking and a strong bearish bias, proved too powerful for buyers to make much of HP's positive management change...

The Dow closed off 60.52 points at 10,664.11 with the Nasdaq 34.13 points lighter at 2,052.55 and the S&P500 down 10.31 points at 1,191.99.

Back with breaking news in a moment...

Happy trading!

G.

SHIRE TO SUSPEND ADDERALL SALES IN CANADA FOLLOWING REQUEST FROM REGULATORS

SOMERFIELD UPGRADED TO 'NEUTRAL' FROM 'UNDERPERFORM' BY CSFB

Morning All,

Barclays looking good for a bounce.

Morning all

I wonder if we will break 5000 today???????

Morning all.

Stan - Big drop in Barc this morning and price seems to be struggling atm. Hope it does bounce to help my long term holding. Nive divi. though.

BARC price seems to have stabilized Druid, so I'm In at 580p.

Here's hoping.

Stan - You have made a nice profit so far as current price is 586.50. Time to place a "stop loss" ?? - that is unless you have already sold.

Still In there Druid,

Think it will come back some more, still watching.

Ed. Yes, Stop loss set at 586p.

Great trade Stan

Hang on.you mean 580!

Well spotted Iain,

Out now at a bit over 587p.

:-)

I see we passed 5000 - is it going to continue or bounce down?

What concerns me is the higher it goes the further the
downwards bounce could be when it comes!
(and I'm usually an optimist, but it's risen too quickly for me)
:>)

Tell that to bloody ICI ;)

Thats when Stop losses come into their own - except as I recently discovered - if a share drops so fast, it misses the stop loss price it won't kick in!

Yes they are useful but sadly not foolproof to sudden developments!

Hi Druid2, you still around?