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Traders Thread & Thoughts - Monday 26th January (AVN)
Crocodile - 25 Jan 2004 12:41
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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. |
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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
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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 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.
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
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.
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 :)
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.
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.
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.
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.
Melnibone - 26 Jan 2004 16:07 - 32 of 43
Gotta have your dreams Testex. :-)
Melnibone.
Melnibone.
little woman
- 26 Jan 2004 17:07
- 33 of 43
Although as a rule I don't use charts, I do use them when I'm trading CFD's to compare the previous 60 min to current prices - but D4F aren't working and I find it really off putting. I'm really starting to dislike CFD's!!!!!!!!!!!!!!
snoball
- 26 Jan 2004 18:04
- 34 of 43
Why don't you use the MAM charts, lw?
Melnibone - 26 Jan 2004 18:11 - 35 of 43
I sometimes get that problem little woman.
What sometimes works for me is to select another 'Layout'
on the 'Layouts' tab, and then revert back to my own 'Layout'.
Doesn't always work, but it sometimes seems to refresh the
connection and kick the Layouts Server back into life.
Pesky things computers, but where would we be without 'em. :-)
Melnibone.
What sometimes works for me is to select another 'Layout'
on the 'Layouts' tab, and then revert back to my own 'Layout'.
Doesn't always work, but it sometimes seems to refresh the
connection and kick the Layouts Server back into life.
Pesky things computers, but where would we be without 'em. :-)
Melnibone.
Melnibone - 26 Jan 2004 18:50 - 36 of 43
Just had a read of the Citywire weekly FTSE TA report.
What they are saying is that a short-term double top may
be in.
The way I interpret what they are saying is this.
If the FTSE breaks below 4430 then it will complete
the pattern as it breaks below the last swing low.
The next swing low which should act as support is 4330.
This is below what I was targeting of 4380, which I reckon
is where Pre-Christmas rally level starts. It also
gives a nice little spike below the 60 Day EMA.
See 3 Month bar chart below and make your own minds up.
An opinion wouldn't go amiss, either. ;-)
Melnibone.
What they are saying is that a short-term double top may
be in.
The way I interpret what they are saying is this.
If the FTSE breaks below 4430 then it will complete
the pattern as it breaks below the last swing low.
The next swing low which should act as support is 4330.
This is below what I was targeting of 4380, which I reckon
is where Pre-Christmas rally level starts. It also
gives a nice little spike below the 60 Day EMA.
See 3 Month bar chart below and make your own minds up.
An opinion wouldn't go amiss, either. ;-)
Melnibone.
Melnibone - 26 Jan 2004 21:44 - 37 of 43
Storming finish on the US markets.
S@P closed well above the 1150 resistance which should
now turn into support.
FTSE is bound to open higher tomorrow so the threat of
breaking below the last swing low at 4430 is removed
for the moment.
If FTSE breaks 4480, and I don't see why it shouldn't,
that will break the highs of last Friday and today(Monday)
and should set us off on a new attack higher.
FTSE has been through 4500 twice now, so it shouldn't
prove to be a psychological barrier this time around.
Once something has been done it's a lot easier the next time.
Same as anything in life, really.
I don't know why the FTSE is below 4500 with the US where it is.
It should be attacking 4600, not 4500.
Perhaps there has been a forced seller. I did read rumours in the press
that Standard Life was selling hard to shore up it's balance sheet
for the FSA prior to a possible Market Float to raise money.
But that's all it was, rumours.
Doesn't look like like I'll get GSK at 1150 this time around, I'll
have to make do with what I've got and look for something else to put
some more money into.
LGEN might be worth a look at to play catch-up after the Politicians
have had a crack at it tomorrow for endowment mis-selling.
Punters might lose money, but I doubt LGEN will lose much, and
it may just provide enough market noise to give a good entry point.
Melnibone.
S@P closed well above the 1150 resistance which should
now turn into support.
FTSE is bound to open higher tomorrow so the threat of
breaking below the last swing low at 4430 is removed
for the moment.
If FTSE breaks 4480, and I don't see why it shouldn't,
that will break the highs of last Friday and today(Monday)
and should set us off on a new attack higher.
FTSE has been through 4500 twice now, so it shouldn't
prove to be a psychological barrier this time around.
Once something has been done it's a lot easier the next time.
Same as anything in life, really.
I don't know why the FTSE is below 4500 with the US where it is.
It should be attacking 4600, not 4500.
Perhaps there has been a forced seller. I did read rumours in the press
that Standard Life was selling hard to shore up it's balance sheet
for the FSA prior to a possible Market Float to raise money.
But that's all it was, rumours.
Doesn't look like like I'll get GSK at 1150 this time around, I'll
have to make do with what I've got and look for something else to put
some more money into.
LGEN might be worth a look at to play catch-up after the Politicians
have had a crack at it tomorrow for endowment mis-selling.
Punters might lose money, but I doubt LGEN will lose much, and
it may just provide enough market noise to give a good entry point.
Melnibone.
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