Investors' Room :: Traders Thread & Thoughts - Monday 26th January - MoneyAM - Free Share Prices, Stock Quotes, Charts, News, Level2

Crocodile - 25 Jan 2004 12:41

UK 9:15am Futures

FTSE -14

DAX -14

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Nasdaq -1.5

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Senofi makes a 48.5 Billion Euro offer for Aventis (AVN)

Legal & General has unveiled a two percent drop in global new business sales, in line with expectations, and says it expects to gain market share on the back of rising consumer confidence, New business sales for insurance products fell to 886 million pounds from 906 million on an annual premium equivalent basis. Analyst had forecast sales of between 870-917 million pounds with a consensus of 893 million.

GWR radio company Group said it was not in talks with Capital Radio after a Sunday newspaper said the firms had entered formal discussions on a merger

Irish Life & Permanent Ireland's third-biggest financial company, said it had not held talks over a possible takeover by HBOS countering a newspaper article on Sunday.

Calendar: United Kingdom

United States (GMT)

Europe & World (GMT

Legal & General FY Sales 875m exp. Vernalis (I), Beale (F), Alterian(I), Scottish Radio Holdings (AGM)

Granada Plc (GAA). BonEx Terms are 1 Redeemable for every 13.84 Ordinary shares.

Treasury conference on Britain in a Global Economy

American Express (Q4),Texas Instruments (Q4), Altera (Q4), Dover (Q4), Hilton Hotels (Q4), Kimberly-Clark (Q4), McDonald's (Q4), Millipore (Q4), Novellus Systems, Safeco, Schering-Plough, American Standard companies (Q4), Lexmark International (Q4)

15.00 Dec Existing Home Sales 6.1m exp

Santander (F)

07.00 Dec German Import Price Index 0.1% exp

Croc@SnappyTrader.com WWW.SnappyTrader.com

little woman - 26 Jan 2004 08:52 - 12 of 43

I keep getting e-mails from people who don't post on the bullentin boards. Although I always reply I don't think they are actually receiving them.

The only way I know for sure they will get a reply is if I find them on a thread and reply via the "send a private message" facility. But 9 out of 10 times I can't find a post, and most of the 1 out of 10 I do find, have not updated their user settings so I can "send them a private message".

So I'm not being rude - but if you don't give me a way of replying - I can't!

ThePlayboy - 26 Jan 2004 08:52 - 13 of 43

well looks like thats me done for the day, tgts hit at 80 on gap up now 40 lower tgt, nice ftse range for a change:)

little woman - 26 Jan 2004 08:58 - 14 of 43

Good for you PB, I was going switch my short FTSE to a long, but it keeps dropping.

I'm trying to remember to actually deal what I think, rather than only one or the other!

Melnibone - 26 Jan 2004 09:36 - 15 of 43

Morning all,

Well done TP. I'm having a leisurely start to the day myself.
Still wondering if I'm going to get the 4380/4400 I'm looking for.

As posted last night, DVR seems to be having low volumes.
3 trades already! Lol. I've seen more liquidity in some AIM stocks.

Hope you are right about a nice drop for GSK, Fundamentalist.
Could do with picking some up nice and cheap.

Melnibone.

ThePlayboy - 26 Jan 2004 09:43 - 16 of 43

melnibone-thx, only trading certain hours now, in conjunction with other traders confirming my thoughts i now play the 4.30 to 5.30 move as the Dow can mess about until out close then move, even if it does,nt sometimes if the ftse has been oversold the futs close the gap in this time frame, last 20 sessions has a 75% success rate for a smooth 10/15 point gain using my indicators, have a look at a futs chart for this timeframe!

ThePlayboy - 26 Jan 2004 09:45 - 17 of 43

http://www.futuresource.com/charts/charts.jsp?s=LFTH04&o=&a=V%3A5&z=610x300&d=medium&b=bar&st=

Above link to fri ftse futs chart, see how Mondays pp tie in nicely with the pp

r2 4475
r1 4456
pp 4437
s1 4418
s2 4399

Fundamentalist - 26 Jan 2004 10:11 - 18 of 43

Melnibone,

little drop on GSK - I am looking to get back in but am still struggling to time it right - if it drops below 1180 that is my current target. Do you also trade Astra Xeneca - any views prior to Thursdays results?

little woman - 26 Jan 2004 10:14 - 19 of 43

Been over to the Traders room. FKI apparently are going ex div tommorrow (for what is thought is the last time!) Many are going short on this one. DYOR

Melnibone - 26 Jan 2004 10:21 - 20 of 43

Hi little woman, not surprised they're shorting FKI.
See my points further up the thread on this one.

Alice in Wonderland price on this stock IMHO.

REf DVR, spread is too wide and liquidity is too low for me.

Ref IAP(ICAP), too close to 1600p and spread none too clever either.

Melnibone.

Melnibone - 26 Jan 2004 10:27 - 21 of 43

Hi Fundamentalist,

AZN is nice stock to trade. The price over 26 a share often gives a spread
circa 0.04%.

The current gyrations in the price are fairly volatile. There seems to
be some sort of Bull/Bear battle going on at the moment. Would not
want to get caught the wrong way if one of them wins.:-)

I prefer GSK.

Melnibone

hijeff - 26 Jan 2004 11:00 - 22 of 43

DVR now 2 point spread against 30+ first thing.

Crocodile - 26 Jan 2004 11:36 - 23 of 43

Parmalat debt now raised to $14 Billion, nearly as bad as my credit cards after Xmas.

little woman - 26 Jan 2004 14:15 - 24 of 43

FTSE seems to be moving sideways.

D4F spreads are getting worse again. Can't make up my mind to either stop trading CFD's or move my account.

ThePlayboy - 26 Jan 2004 14:19 - 25 of 43

lw only one way to trade ftse on a daily basis and thats with direct access imho, sber only good for longer term!

little woman - 26 Jan 2004 14:42 - 26 of 43

Sorry PB - but you're going to spell things out for me - I'm involved in so many "industries" all have their own terminology so I don't even try and understand (let alone remember) shortened versions anymore.

ThePlayboy - 26 Jan 2004 14:44 - 27 of 43

lw -little women

sber = spreadbetter :)

little woman - 26 Jan 2004 14:48 - 28 of 43

Thanks :-)!

Melnibone - 26 Jan 2004 15:32 - 29 of 43

Afternoon all,

Had a bit of trouble getting back in to the site again.
Seems OK now though.

S@P keeps failing to crack 1143/1144 area.
If we get weakness and a follow through from Friday
then it may even test 1131 again.

Not a time to be buying FTSE stocks until S@P shows
which direction it wants to go IMHO.

Either a retrace to 1131 or break above 1144 for another crack at
at 1150.

Melnibone.

Melnibone - 26 Jan 2004 15:46 - 30 of 43

GSK is annoying me today.

I was hoping for a nice dip down so that I could buy
the rest of what I want. They seem to be rising on a down
day which means the ones I've got may go into profit
too early whilst I'm underweight.

Perhaps I should have bought again at 1180 where Testex
was looking instead of being greedy and watching for 1150.
Never mind, the die is cast so I'll stick to the plan.

Melnibone.

Melnibone - 26 Jan 2004 16:00 - 31 of 43

S@P testing 1144 and Dow testing 10600 again.

If the S@P cracks it then the DOW should move
on up and take the FTSE with it.

May get some direction soon.

Melnibone.

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Traders Thread & Thoughts - Monday 26th January (AVN)