Investors' Room :: MARKS N SPENCERS- DIRECTOR BUYS AT 2.83P.... - MoneyAM - Free Share Prices, Stock Quotes, Charts, News, Level2

jules99 - 11 Nov 2003 14:06

Confidence could be uplifted again...not a colossal amount 13000 shares but at a good level no doubt, could rise here again...

Bought myself as a result, as chart appears to give me confidence...

jules99 - 11 Nov 2003 17:21 - 2 of 107

The Director actually bought 13500 shares...makes a total 921,257 holding for Luc Vandevelde.

0.5p down on day, M and S held up very well, considering the volumes today...

closed 2.83p, fundamentally MnS forecasts have been revised up by Casenove, last week however Technical bounce could be imminent.

Im buying for short term Target of 3.00-3.05, i.e 5% uprise.

Opiniuons welcome as always..Jules99

jules99 - 11 Nov 2003 17:47 - 3 of 107

Testex...excellent news for me MnS going ex div tmorow...I bought huge bag full...so now you've made my day...

4.4p per share....!!!

Recover after ex div, they always do...3.00 is a fair target from here IMHO..

thanks for Exdiv info...

QUIDS IN...JULES99..

jules99 - 11 Nov 2003 22:42 - 4 of 107

PAUL -share buy backs almost every other day by MNS is good for the investor...keep it up Marks...!

jules99 - 12 Nov 2003 09:32 - 5 of 107

Testex your right, Buyers are there, MS held up very well and made a come back since this morning.

Down just 0.75p on ex div...a rise back is imminent in days/weeks to follow...

EVen happier today Canary wahrf made a comeback again..allowed me to sell out and breakeven again...too volatile for me...

Jules99

jules99 - 12 Nov 2003 12:58 - 6 of 107

MARKS on the rise of all the days on an ex-div day how cool is that...

oversold so i guess there's plenty of value to recoup...3.00 is my near target

Good luck to all holders...short n long term...

jules99 - 12 Nov 2003 23:53 - 7 of 107

Paul,

It definatly wants to go up speedy when it deisres, what's interesting is it did not go down (-0.25) +4.4p up on dividend.

tmorrow looks very promising now...

:-)

jules99 - 13 Nov 2003 08:47 - 8 of 107

MARKS RISING AT LONG LAST....

phewwwwwww...!

jules99 - 13 Nov 2003 15:35 - 9 of 107

could be marks n spencers day afterall yet..

2.86p to buy..2.92 finish at close would be grt...

ajren - 13 Nov 2003 17:12 - 10 of 107

HOLD @ 287 says Investec Securities.

Despite the Positive regarding the sales outlook they remain cautious.However,
they suggest there could be a slight bounce after recent weakness rgds

jules99 - 14 Nov 2003 03:13 - 11 of 107

Hold for sure but buy on weakness is a better way of terming a cheap or oversold stock, Every broker has different comments...

6 SAY BUY
2 SAY HOLD
1 SAY SELL

WHo do you listen to ?...

Well it just depends on which you read on the day... retail investors suffer from brker comments, the worst being, they make a statment Canary wharf for instance...stating stock will fall to 2.05-2.10..ONLY so that they can buy on the fall and then make it rise again, due to volumes they trade...Should be regulated further I'd say, as they manipluate for their own greed... Capitalism...?

MKS - for a target of 3.00 -3.05 short term, the appetitie is back...

MKS turning point and test was yesterday - as MKS did not fall on EX div day which was a key turning point for this Blue chip stock. Double whammy a real treat when this occurs and positive I'd say.

Every stock has it's rest weeks, and MKs is no different, Institutions will be buying up MKS as it starts to rise...

THe results were very good above any forecast, and so it fell, but it Slowly fell from 3.16 to 3.05 to 2.96 then rising back to 3.12 and then to 3.05 and recent lowest level 2.82.

The reverse may about to happen now rise from 2.82 to 2.87 to 2.96...3.05-3.12 and so forth...

Look at ICI and CW where it was, the list is endless...PATIENCE is the key word in investing especially Blue chips...

aplogies - I think I've written too much..YAWN....zzz..zz..z..

jules99 - 14 Nov 2003 09:07 - 12 of 107

bLESSEM MOVING UP ON LOW VOLUME...(SOMETHING i CANT GET TO GRIPS WITH...)

Somtimes volumes on stocks can be HUUUGGGEE...but stock goes down...MM's thats what...

anyway ARGEN look like a good day ahead of us...

ajren - 14 Nov 2003 11:32 - 13 of 107

I agree - 100 per cent - with your Broker post.
I was just posting what they said.
...............
Volumes can be very confusing.
Just an OPINION :-
Huge volumes and shares going down : Institutions assessing and pricing in all
the info--just like water finds its own level

jules99 - 18 Nov 2003 14:16 - 14 of 107

MKS Down at the moment - however as expected buyers flocking in to pickup Bargain basement price of 2.73P!!!

TOO GOOD TO BE TRUE IMHO...

- I like this...looking to make a bob or two on MKS now..

jules99 - 18 Nov 2003 16:16 - 15 of 107

Making a comeback from low point of 2.70p

Now 2.74/5 -2.74/75 recouping earlier losses as institutions and retail investor pick up a pre xmas sale...

ajren - 18 Nov 2003 17:26 - 16 of 107

Nov 17 :-

They bought 1,000,000 of their own shares @ 280.6916

jules99 - 19 Nov 2003 01:01 - 17 of 107

Argen they always doa buyback when price goes week or just bfore market closes...wish they were buying me..in a one sense they are...

The las 15mins recovery today was seen as positive...hopefully the trend continues for rest of week...fingers crosses as a lot of trades went through today..

jules99 - 19 Nov 2003 09:36 - 18 of 107

Still early, but glad to say MKS Uptrend appears to be continuing it's way through this morning. Would be excellent to see it back to 2.90+, but who knows?

currently +0.27% - buyers creeping out of their closets slowly...

ajren - 19 Nov 2003 09:46 - 19 of 107

Nov 19
Board appointment

jules99 - 19 Nov 2003 15:59 - 20 of 107

MKS at long last Rising from the ashes in late trading, now 3p up at 2.77/5

Keep going SPARKS...

ajren - 20 Nov 2003 10:50 - 21 of 107

They bought 1,000,000 shares for cancellation @ price 275.6435

stockbunny - 20 Nov 2003 11:38 - 22 of 107

Hit along with everyone else this AM lower at around 270p-
I too bought in at 273p,
it simply felt miles to cheap for M&S -
what made up my mind was a walk into the local store early in the week.
Good ranges on targeted Xmas items,
but also on clothes and the seasonal food side. Plus it was very very
busy in there and to me that often points the way with retail shares, a visit
to the local store can reveal an awful lot - sort of 'on foot' research
(lol)

jules99 - 20 Nov 2003 13:00 - 23 of 107

Also just bought some at lowest point 2.69!

Down on Istanbul etc...Retail SALES Indicator reported today was up double the expectation today at 0.6% as opposed to expected 0.3%....

So good news for xmas shopping...

ajren - 20 Nov 2003 19:03 - 24 of 107

They purchased 1,000,000 @ 272.0477 today

ajren - 21 Nov 2003 18:20 - 25 of 107

Purchased 675,000 @ 271.2652

jules99 - 24 Nov 2003 09:30 - 26 of 107

Investor Chronicle mag Tips MKS as a BUY...in this weeks issue..

Looking good again..

ajren - 24 Nov 2003 18:33 - 27 of 107

Looks like their 271.2652 was a shrewd buy -- unless they have gone lower today

ajren - 25 Nov 2003 18:00 - 28 of 107

VERY IMPORTANT INFORMATION :-

BRANDON = 184,749,168 MILLION SHARES
Registered Holder unaffiliated with 475 custodian banks

The Other Kevin - 26 Nov 2003 09:20 - 29 of 107

aj - I'm happy to accept that this is very important information but please explain a little more fully to this ignoramus. Regards, TOK

Just been reading a little more about this on the other side. Presumably Brandon = Brandes. But is the significance of "unaffiliated with 475 custodian banks"?

ajren - 26 Nov 2003 18:25 - 30 of 107

Directors share option @ 228p
--------------------
T O Kevin- I will have a look again and post here.aj

ajren - 26 Nov 2003 19:10 - 31 of 107

T O Kevin
MY interpretation / SHORT summary :-

Brandes - you are correct : I said Brandon
...............
My Point no 1 :-Brandes - on behalf of 475 banks - purchased :-

A : 103,648,740 shares.

B : 13,516,738 American Depositary Receipts.
------
A + B = Equivalent of 184,749,168 shares = 8.1 per cent of the Company.

..............
My Point no 2:-

The 475 banks are unaffiliated with Brandes i.e.Brandes or any part of Brandes
is not one or part of one of the 475 banks.
..............
rgds aj

The Other Kevin - 27 Nov 2003 09:21 - 32 of 107

aj - OK, understood. Thanks. There is some chat over the road that the Brandes buying was automatically triggered by computer although this is hotly disputed.

ajren - 27 Nov 2003 10:04 - 33 of 107

Computer mistake - Definitely Not : in my opinion.aj

roma - 27 Nov 2003 12:42 - 34 of 107

Downgraded to 2.90 from 3.25. stockwatch warning.

ajren - 27 Nov 2003 13:31 - 35 of 107

475 Banks buy 184,749,168 shares.Downgrade logic ????

dclinton - 27 Nov 2003 14:11 - 36 of 107

Downgrade: Possibly something to do with being in a 3-month downtrend and the Austin-Reed profit warning being an indicator of a slowdown in the clothing market?

The chart shows the next support at 262 which is the 12-month low. Below that there's nothing to support it above 230 or so.

stockbunny - 27 Nov 2003 14:52 - 37 of 107

Having read the news flash thing today two things occur to me..
1. Austin Reed is a different case to MKS, it's a different type of
store and I would suggest would attract different purchasers. The fact
both are in retail is, in my humble opinion, about as far as the like
for like comparision can go. MKS is not just Austin Reed....

2. Assuming MKS have a good Christmas and so far (as far as I know)
there is no solid evidence to show it wont, it wouldn't surprise me if
all these current doubts are swept aside extremely rapidly. Possibly at
that point the other more diverse sides to MKS - those selling 'bits'
that are not just about clothes - may well be highlighted as 'of course'
the reasons why MKS can do well - due to it's reputation on other
retail products like food, wines, flowers, gifts etc, store cards,
financial products etc etc. If that happens (of course) there will be no
prizes for pointing out that a few months/weeks before it seemed MKS
were being viewed purely from their clothing angle...

I'm not saying the news out today is wrong, nor am I saying MKS
may not fall temporarily back to a lower price level,
but I do feel sometimes that companies 'get talked down'in the press
etc and some news items are really short-term in the grand scheme of
things, sometimes perspective I feel can be a real issue....

Melnibone - 27 Nov 2003 15:50 - 38 of 107

Well put, stockbunny.

I'm not really bullish on MKS, but if I was I wouldn't
be put off by any broker's view, especially one I hadn't
paid for.

Brokers are there to serve their own interests, not ours.

They will issue statements to suit their own positions.
Their analysts, even if good at their jobs, have to spin
matters the way their paymasters want it, not what they
believe.

If you don't know who you can trust, there is only one
answer.
Trust nobody and ignore all of them.

Melnibone

namreh3 - 27 Nov 2003 16:41 - 39 of 107

Precisely! MKS has now ventured into the Credit Card era (at last) and has a large, loyal and well-heeled customer base who are an excellent dredit risk. I believe this side of the business can only enhance MKS which are probably undervalued by the market due to the continuing love of the short term trend over the tried and tested. MKS probably up to 310-320p Jan/Feb (in my humble opn). Trust your instincts.

ajren - 27 Nov 2003 17:19 - 40 of 107

475 Banks Buying:475 Banks making a mistake ?? aj

dclinton - 27 Nov 2003 17:46 - 41 of 107

aj: as they say, the market is never wrong no matter what 475 banks may say :-)

I'm just looking at the chart and saying what I see. I'm probably looking at it in a much shorter timescale than most of the people on this thread so this downtrend may be a good opportunity to buy if you think this stock is undervalued.

Looking at the end-of-day chart, there is certainly a support building at around 269p and I'll certainly be keeping a close eye on my short trade over the next couple of days in case it bounces. However, if the price drops through that level I wouldn't bet on a recovery this side of Christmas. Of course that does not contradict the possibility of 310-320p by jan/feb as put forward by namreh3 - it's really a matter of timescales. Some form of good news between now and then would certainly help to kick-start the price.

As they also say, no advice given, DYOR and don't try this at home.

ajren - 27 Nov 2003 18:02 - 42 of 107

PRICE DROP REASON ?? --- today 200,000 @ 269.5633
Nov 20 : Barclays no longer has notifiable interest

.................
Opinion :-
They still have shares but less than required for
notifiable interest.Or they e.g.sold all shares and re.bought : See below.

They are one of the 475 Banks that purchased e.g.a different name.

IF correct :-
The price dropped when they sold so they re - bought
AND their manipulation of the market ensured the other 474 bought low.

jules99 - 28 Nov 2003 00:22 - 43 of 107

Totally agree, AUSTIN REED and MARKS n Spencers 2 different retailers...MnS Food is big money, in fact quality is King in todays market environment..

No offence but Austin Reed is expensive for what it's worth, On the other hand Marks N Spencers is value for money and more tasteful Variety these days after major revamp and new Buyers...i.e more affordable for average person...

And The food...Well thats I could write about all day...!!!

I dont have a worry about MnS, any left overs would be cleared in the sales, big time.

Jules99.

namreh3 - 28 Nov 2003 13:21 - 44 of 107

Apparently, MKS are not stocking stores in the way they have in the past, so left overs or early sale bargains to clear stock may not materialise as they have previously. Sorry to disappoint Jules99!

ajren - 28 Nov 2003 17:28 - 45 of 107

NEWS

500,000 @ 268.2368
aj

stockbunny - 04 Dec 2003 10:00 - 46 of 107

Rising well this morning....

Melnibone - 04 Dec 2003 10:13 - 47 of 107

Yes, Morgan Stanley have upgraded them.

Bears seem to be losing the battle.
Looks like those March lows have held for the moment.

Melnibone.

stockbunny - 04 Dec 2003 13:42 - 48 of 107

Still climbing well - late 270's today than???
Best to be positive and optimistic in this game!!!!

jules99 - 04 Dec 2003 14:45 - 49 of 107

sold out of mks for today...

reason need funds for other Tech opportunities around for expected xmax rise..

gone for Colt and Logica...my best two, expect both to hit past their highs...MKS wont give me that kind of rise i dont think until a statment is given by MKS..

jules99..

stockbunny - 04 Dec 2003 15:50 - 50 of 107

Tend to agree with your thinking Jules - good luck with your
'new babies' may they grow well for you!!! No doubt will
bump into you in the MKS arena another time - possibly in
the Par Uno section or browsing the wines...

Melnibone - 04 Dec 2003 16:02 - 51 of 107

The problem with buying into MKS in the high 270's,
as I see it, is that the old 280p support will now
act as resistance.

You either need to buy it above 280p for a breakout
or buy at the 269/270p level if you think that the
March lows will continue to hold.

Melnibone.

stockbunny - 04 Dec 2003 16:21 - 52 of 107

Agreed I bought in at 272 (ish) it's a reasonable divi payer
so pays its way whilst it is necessary to wait for it to
go higher to sell at a profit.

ajren - 05 Dec 2003 10:26 - 53 of 107

NEWS

Daily Express and Daily Mail Upbeat rgds aj

stockbunny - 05 Dec 2003 10:30 - 54 of 107

Music to the ears ajren!!!

ajren - 08 Dec 2003 11:20 - 55 of 107

Sunday Telegraph
Holmes c.e.o.

Turn around strategy:-
Focus on -
1- Food
2- New credit card
3- Homeware
The group appears - his words - to be maintaining its market share in clothing.
But in knitwear and formal - 2 of its more important lines - it is not sparkling
rgds aj

stockbunny - 08 Dec 2003 14:04 - 56 of 107

Interesting...years back M&S homeware was much bigger business than
of more recent years - you could collect with easy whole dinner
services and all the matching kitchen accessories - I know I did
in the early 80's (laugh) so they may move back to what used to be.....
Interesting....
Thanks Aj!!

stockbunny - 08 Dec 2003 14:33 - 57 of 107

draw?startDate=05%2F12%2F03&period=2D&ep

stockbunny - 08 Dec 2003 14:34 - 58 of 107

Bridged the 280p mark!!!

jules99 - 08 Dec 2003 15:00 - 59 of 107

well done chaps...either way my logica is rising up on NHS contract deal...so we're all winners...:-))))))

stockbunny - 08 Dec 2003 16:04 - 60 of 107

Absolutely - you never know Logica may 'do the business' for you
in time for you to buy back into Marks and still get the main rise
(early next year I reckon) You got any M&S homeware about the place
too Jules??

stockbunny - 31 Jan 2004 15:20 - 61 of 107

New stores in the offing - stocking Per Uno brand clothing,
sounds a good idea to me, what do other MKS holders think??

Orrill - 31 Jan 2004 18:19 - 62 of 107

If you take Per Uno out of the main stores, as well as operating fashion only stores in out of town retail parks, what will be left in the main stores? perhaps more space for the profitable food halls?

stockbunny - 02 Feb 2004 15:26 - 63 of 107

Food halls and possibly the homeware side they want to develop?
I can't see them stopping offering clothes on the high street,
I just wonder if these Per Uno stores will be simply additional
to get a foothold in the sort of areas that matalan etc are usually
found....Only problem may be price....

stockbunny - 17 Feb 2004 14:39 - 64 of 107

Rising well today - not sure why but it's good to see!!

bb123 - 17 Feb 2004 15:49 - 65 of 107

What are the assets and brand worth to a bidder???

stockbunny - 20 May 2004 15:14 - 66 of 107

News today for us long standing (suffering) MKS holders - any views??

Marks & Spencer to launch four sub-brands for womenswear
AFX

LONDON (AFX) - Marks & Spencer PLC plans to launch four sub-brands for its struggling womenswear business, including Signature, Classics, Aimee and Piece-by-Piece, reports the Daily Telegraph without citing sources.

Chief Executive Roger Holmes is expected to unveil some of the sub-brands when he announces the company's full-year figures next Tuesday.

The Telegraph said Holmes and his new head of general merchandise Vittorio Radice believe sub-brands, and segmenting its womenswear offering, is the key to improving sales.

little woman - 28 May 2004 08:12 - 67 of 107

ttt

bingobingham - 28 May 2004 08:24 - 68 of 107

Will this price hike just be a spkie (I remember zoo) or could it hold up at this level. I haven't got a clue!

little woman - 28 May 2004 08:54 - 69 of 107

Just come over from the traders room. Comments there are that the price is higher than the speculated bid price from Green, so they are all now shorting the share - hence the currrent drop in price in the last 15 min.

jj50 - 28 May 2004 08:55 - 70 of 107

Ditto bb! Safeway was much the same. Whether to run with existing profit or wait for more, that is the question. The offer (if it comes) will be a mixture of cash and shares in the new company.

stockbunny - 28 May 2004 09:02 - 71 of 107

Any ideas on what the potential bid price could be?
(Remembering back to the situation that occurred with Debenhams
when it faltered, than hit higher - can't believe MKS is worth
less than 400p (Personal opinion only)a share...

little woman - 28 May 2004 09:03 - 72 of 107

you can always take half now, if it drops back, either buy back or be grateful!- if it continues up you still have half.

stockbunny - 28 May 2004 09:08 - 73 of 107

True...will ponder on that one.
BTW Little Woman - did you end up holding off buying ULVR yesterday,
I did waiting for it to hit under 499p to buy and look at it this morning!
(Typical...oh well will wait for the next drop)

stockbunny - 28 May 2004 09:27 - 74 of 107

Huge amount of MKS shares moving - 43,000,000 already this morning,
Some large buys it suggests and possibly a lot of small investors
cutting and running....

little woman - 28 May 2004 09:54 - 75 of 107

Stockbunny - no I didn't buy ULVR, didn't have time to check out dates (there may be a reason the price may drop again, but hope to find time this weekend.)

I don't know about small inveestors cutting & running, I do know about investors shorting (selling, without buying first) because they believe the price way above the projected bid price, (MKS has to be attractive to buy or it's pointless) and will drop which is when they'll buy it back.

stockbunny - 28 May 2004 09:57 - 76 of 107

two trades have gone thru' at 9.55 to each buy 2,000,000 at 353p
(just for info)

little woman - 28 May 2004 10:14 - 77 of 107

It's really hard not to pay attention to the actual trades.
I'm trading Direct Access CFD's. (And there are lots of us out there).
It means that not only can I buy/sell 10x as many shares as I have the
money for, but I get to sell shares at the buy price (and they are
recorded as buys, as someone else bought them from me) and buy shares at
the sell price (recorded as buy sells because someone else sold them to
me).

The price moves according to the number of orders that get filled on
the direct access (what you see if you have L2) order book, which is why shares sometime move the other way to the recorded trades.

stockbunny - 28 May 2004 10:18 - 78 of 107

Understand and interesting....

daves dazzlers - 28 May 2004 18:30 - 79 of 107

if any ones bought recent at low levels under 3.00 be sure in your mind whats going on seems to me a lot of people are holding on for a nother bidder ,,remember mr green could leave this shop without buyiny anything ,,it wont be the first time he`s shock the retail industry with talk of deals,fact one he never/never pays over the odds.m,s property alone worth a few quid,,2 billion,,myself i cant see him paying full value in excess of 4 pound a share,,but you never no,,regards dd.

stockbunny - 31 May 2004 15:30 - 80 of 107

OK so is everyone still holding on in there all set for open of play
tomorrow morning? Might be worth bringing your sandwiches as it could
be a long haul. Good to read over weekend Green is prepared in theory
(or so goes the rumour)to sell out BHS for MKS sale to go through.
Press reports I have seen so far seem positive and that can only be helpful
(hopefully) to our share prices next week.

daves dazzlers - 31 May 2004 15:33 - 81 of 107

be up early and bring your flasks ,,goodluck wish you well bunny.

stockbunny - 31 May 2004 15:38 - 82 of 107

Good luck to you too Dave
- Not sure when I will be on site, but will be some time
in the morning (clash of priorities...shopping versus stockwatching!!)

daves dazzlers - 31 May 2004 18:16 - 83 of 107

i`ve just sold mine 3.6o,,bought for 2.80,a few weeks ago,but cheers.

stockbunny - 01 Jun 2004 08:15 - 84 of 107

Good Morning MKS watchers...

daves dazzlers - 01 Jun 2004 08:38 - 85 of 107

morning bunny,i see stockwatching,,is beating shoping,at the moment,lol.

stockbunny - 01 Jun 2004 09:00 - 86 of 107

It certainly is, considering the weather as well there was NO
contest (lol) Good on you for your MKS profit!

daves dazzlers - 07 Nov 2004 16:05 - 87 of 107

Oh well back in the news for all the wrong reasons,nothing new there then , is 2.80 on the cards again ?

jules99 - 08 Nov 2004 00:07 - 88 of 107

A lot of peeps did well i hear on mks in the last few months no doubt...

keep well Jules99...

brianboru - 22 Feb 2005 07:06 - 89 of 107

P.Green has just announced he won't be bidding for M&S !
Should see some action today!

Edit - That was Bloomberg at 7 a.m. but no RNS yet.

Minx - 17 Mar 2005 20:07 - 90 of 107

Closed at 333, well below that support at 342, next support is at 265 ( maybe at 328) retail outlook a waste of time and the stores as boring as ever. Keep selling.

robinhood - 19 May 2005 12:18 - 91 of 107

although not holding mks any longer , it appears strange to me that shares magazine recommends a sell on on page 19 today and a buy on page 44

babykitcat - 20 May 2005 14:50 - 92 of 107

yes i noticed that probably edging their bets at least they wont be wrong.
me ive gone LONG on m&s

DocProc - 11 Aug 2005 17:45 - 93 of 107

Just been e-mailed by MKs concerning their 'Up to 50% 0ff' SALE - so I had a look at what they've got - and I can't find anything at all I'd want to buy and neither can my wife. In fact, other than food, we haven't bought anything from them for months!

http://www.marksandspencer.com/

We both think they have now, both utterly and completely, lost the plot. The MKS 3-month chart also looks as though it has now broken out and to the downside:

Chart.aspx?Provider=EOD&Code=MKS&Size=46

Chart.aspx?Provider=EOD&Code=MKS&Size=46

What do you think?

ukresearch - 21 Nov 2005 17:33 - 94 of 107

up and up

ukresearch - 12 Dec 2005 12:41 - 95 of 107

Jeepers, where is everyone? Come back from three weeks holiday and boy am i happy.

jmcnally - 13 Apr 2006 11:43 - 96 of 107

Bought shares at 3.32, now at 5.82, keep it going

jkd - 14 Nov 2006 20:45 - 97 of 107

Im looking to buy in at 710sh area , depending on price movement, closed today at 699.5
good luck to all you holders.
regards

jkd - 16 Nov 2006 20:35 - 98 of 107

No green light yet , but then no red one either, so still on amber, price has not moved as i would have preferred but still amber. my stop loss, if filled is at 690.
as always just my opinion. please be sure to dyor as i am wrong more often than i am right.
regards

jkd - 17 Nov 2006 02:38 - 99 of 107

thought i had better post this nice and early before the markets open.( this is early)

I have cancelled this order. it is too risky and dangerous.

the reasons are 2 fold, firstly price has not moved as i would have preferred, which is cautionary, and secondly and most importantly, i think this position is far too dangerous to open today, being Friday and all the inherent extra risk of carrying a newly opened position over the weekend.
maybe there is an element of fear, which is never a bad thing, but i prefer to think of it as sensible caution.

I shall review the situation over the weekend & post if and when i decide to reinstate the order.
regards

seawallwalker - 17 Nov 2006 07:02 - 100 of 107

jkd - you need to visit here and read back a few days.

Trader Tom

"In the bigger picture I am still expecting a high on the 17th November, give and take a day or so. The problem with this date is that it spans over quite a long time frame and the high may very well be upon us already today. When you are using weekly cycles you can sometimes be cheated a little if the high or low you use as a reference point took place at the extreme end of the week. I think a big top is in the making and we should see a decent correction is coming."

Your thoughts are in line with him for holding off except he expects a correction very soon.

There is always more time to invest on the right date, so take time to make sure the right date for you is not the wrong one for the Market.

MKS@7 seems high to me (Crest of a wave thing) BWTFDIK.

jkd - 17 Nov 2006 17:43 - 101 of 107

SW cheers for that looks very interesting . will have a good proper look over the weekend.

umm! whats BWTFDIK? scuse my ignorance.
ta
regards

seawallwalker - 17 Nov 2006 18:34 - 102 of 107

But what the f do I know?

Not a lot.

Just intended to help, I am often worng but in respect of stocks that are currently at the top, I look to see if there is a trough to fall into.

As you see, there may well be.

Judging by todays action TT got a downtrend right, asto wether it will be a correction, we will have to see.

If you have not bought yet, wait and see if there is a correction, we could be looking at another 10% down, then again it could go more.

TT will call the bottom too, near as damn it, so if you don't know what you are doing, take his lead under advisement.

The really brave would short the DOW and FTSE right now

jkd - 17 Nov 2006 20:07 - 103 of 107

SW
I shulda known that.
your often wrong? me too. wanna do a deal? fade each other and split the profits 50/50. cant lose can we?
i didnt mention earlier, perhaps i should have done, my righters pay for my wronguns several times over. thats why i dont mind being wrong. of course if i knew which 60% of positions not to open and which 40% to open i would have a 100% batting average. but i dont know, at least not until after the event.
have a good weekend and thanks for your help
regards

jkd - 17 Nov 2006 20:07 - 104 of 107