I suspect trading tomorrow will probably answer this conundrum, but I know there are some far wiser owls than me that contribute to this bb & I would be interested in their opinions.

My question is this: the chart below looks to me like a pullback of the uptrend (ie when it went north through 14.00) however I am unsure as it has now broken down through 14.00 whether this is trending up or down :-(

So what do you think - up or down, or should I just flip a coin :-)) ?

StockMarketWire.com
Man Group's funds under management rose to $40.5bn at the end of September - up from $38.5bn at the end of June and ahead of the pre-close estimate of $39.5bn.

It said this was due to strong investment performance and favourable foreign exchange movements at the end of the period.

Profit before tax from continuing operations and before adjusting items was $227m - 5.6% ahead the pre-close estimate.

Man said this was again due to strong investment performance and favourable FX movements.

This compares wit $268m in the six months to the end of March and $292m a year ago.

Total pre-tax profits were $147m compared with $239m in the previous six months and $302m a year ago.

Man completed its acquisition of GLG Partners on 14 October and the results do not include funds under management, performance or any other contribution from GLG.

You still long on this CC? Almost hit 3 in last few minutes.

jon - Unfortunately no, missed the boat. Watching closely though, probably wait till after 25th see how the land lies, then again might short it tomorrow :O)

I still own a few mind. Worth a wee punt short @295.7 tight stop.

Not yet chris I need 3.40p to get out......lol

And out @289.2 + 6.5 tomorrows another day :O)

A pause for breath? Down 2%, but hoping for another surge next week past 300p. Must be coming up for divi soon?

Went in for the div and still stuck with them, so another div will be welcome as this has turned into a long term hold....lol never mind not big bucks spent here.,.

Part of the Numis note out yesterday:
"We believe there is a short term risk that the QE2 measures announced last night, could result in negative performance for AHL as was the case with QE1. If you believe that QE2 is yet to be fully priced in by the market, we would err on the side
of caution in relation to Man Group and consider selling. If this is your view, we would pair the sell Man Group, with buy Ashmore (official recommendation: HOLD TP397p), as in theory if QE2 is not yet priced in, emerging market assets could see further gains fuelled by newly cash rich investors seeking higher returns overseas (per QE1).
In the long term we remain positive on the group, as we believe the combined Man/GLG could become one of the most powerful forces in terms of both product and distribution in the alternatives space, combined with likely increasing allocations to alternatives."

Day trade short @ 289.0 based on that Friday feeling.

Good call Chris - I've been watching these for a while but done nowt. "That Friday Feeling" - yes, I think there's a pint(or 2) of youngs with my name on later!

skinny - :O)

Goes ex-divi on the 24th Nov '10, paid on the 14th Dec '10 (9.5).

oh well I'll be around for that i think harry, unless it goes bonkers and goes above 340p.... lol

Wee punt (SB) short @ 294.9

Ex divi next wed. Short from that date maybe a good idea.

Agreed Harry, just a wee punt for Monday, will be well out of SB short by Wed.

I'm short...........and 150 down till it gets back to 3.40

There are times when I despair of my own logic. On reflection (about 5 seconds), what possessed me to go short prior to Ex - Divi date. Careless, suicide trade. Can only hope Indices are down on Monday and take Man with them. Knobhead of the week award! :O(

lol...but i meant in stature .,.