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 :-)) ?

Stopped Out. Try again Limit Buy 303.0

350p after 20th jan.,,.

I'll drink to that BB, limit buy triggered 304.9 at the open.

from the 'Morning report':
"On the limited upside with blue chips, hedge fund manager Man Group topped the leaderboard, up 3.8p at 306.1p, on reports that fund managers enjoyed a bumper December."

Two days to results. Hopefully a nice surge in the sp coming!

Fingers crossed!

Seems the results were not quite as good as we had hoped:
LONDON | Thu Jan 20, 2011 8:17am GMT

LONDON (Reuters) - Man Group (EMG.L) saw $1 billion (628 million pounds) of net client outflows in its third quarter, confounding hopes that its recent purchase of rival GLG would reverse the fortunes of the world's largest listed hedge fund manager.

It was the ninth straight quarter of client outflows for Man, which has seen clients pull out their money even as rivals have won back investors.

Analysts had expected net inflows of between $550 million and $900 million for the three months to end-December, the third quarter in Man Group's financial year.

The outflow was largely due to a single redemption of more than $1 billion from a low margin mandate by one investor who had switched out of European equities, Man said on Thursday, while there were some inflows into GLG's hedge funds.

Man bought GLG last year for $1.6 billion to boost assets and become less dependent on computer-driven funds, and is incorporating the flows into its figures for the first time.

Total assets for the combined company rose to $68.6 billion -- around the level that Man was running before the collapse of Lehman Brothers and Man's subsequent performance losses.

Man said its flagship AHL fund, a $21.9 billion "black box" fund named after 1980s founders Michael Adam, David Harding and Martin Lueck, rose 14.8 percent last year, taking it to 3.7 percent below its peak -- the point above which it can earn lucrative performance fees.

Clients pulled out hundreds of billions of dollars from hedge funds during the credit crisis.

But they have been returning to these free-wheeling portfolios for the past 18 months, investing a net $13.1 billion in the last quarter of 2010, according to Hedge Fund Research."

Aye fraid so stopped out -15.9

StockMarketWire.com
Man Group started with buy rating at Nomura, target price 380p.

Aye right! Got a limit buy in @392.0 not holding my breath :O)

392p????? A tad optimistic! Also I suggest a sell limit at that price. Not trying to teach ..........but.....! ;o)

My thinking Harry FWIW, is at the moment it's going up on very low volume, if it crosses above the 50DMA hopefully it will attract more interest and carry on north. I can dream :O)

Erm...............392..............?????? You've got a long wait!!!!!

Sorry I do tend to make this mistake an awful lot these days, DEMENTIA! 292.0 Dohhhh!

Stop moved to 302.0 to lock in +10, looked promising early doors, still could be tomorow.

Stopped out +10. Sell order @ 297.0

StockMarketWire.com
Man Group cut to hold from buy at Espirito Santo Execution Noble, TP 315p

Possibly a wee bit premature, out @ 286.0 +11

Hmm......looks like the AHL side of things are struggling again, so may ditch my stock on the third bounce to 310p.

Man Group has been awarded a managed account mandate for initially EUR 1.2 billion by Bayerische Versorgungskammer (BVK), Germany's largest public pension fund with more than EUR 50 billion in assets.

Under the agreement, BVK will start allocating funds over the course of 2011. BVK will gain access to Man's managed account capabilities, with the benefits of increased transparency, liquidity and control which managed accounts offer. Man, which has more than a decade's experience in managed accounts and has grown managed account assets to over USD 8.7 billion (as at 31 January 2011) , will provide services with regards to operational due diligence, manager take-on and risk management oversight for BVK. Bayerische Versorgungskammer will have sole discretion for manager selection and portfolio construction.