Where will this lead to?

a good call backed with money for a change

was contemplating banking my profit but on the basis of ....... "CEO also predicted the company's US commercial business, currently a key revenue driver, would see further declines in 2009", i see no hurry

though i should perhaps have taken my profit this morning, i have read again the stuff to be found on NewsWatch and in all honesty, see this little bear squeeze or short position closing as another opportunity to short

took my own advice and sold another little batch at 291.25 .... overall avr = 300.64 ..... i still think there is plenty more downside even though sp now 279 mid

cynic i shorted last week at 317.
down thirty something yesterday up 20 something today, im happy. just dont let me know what todays low was, might spoil it for me.
todays low didnt happen.my plan is planned. hope it works but gotta be nimble in these markets so i'll now change it and play defence, yet again, and settle for a draw. so it did happen? thats my traders hat, as opposed to my investors which is why i much prefer the latter.
if i cant win then try not to lose. i'm still in there however.
fingers crossed
if i had shorted earlier/higher i would be braver.
regards
jkd
ps i'm also short bss. same/ similar scenario

shan't upset you then - lol!

more jolly news .......

Plumbing and building materials group Wolseley has refused to rule out the possibility that a rights issue will be required next year

I feel sorry for you guys who bought at 14 quid!
can only get better from here!?

not so ..... WOS has already predicted further downturn in 2009 and now a rights issue is clearly on the cards ..... further, if the 280 (chart) support is now truly broken, then there is no support at all as far as i can see

Make sure the connection parameters are set properly.Resistant level like a barbed wire fence... they are elastic and can bend beyond the anticipated point and spring back up. GREAT

have just locked in a useful profit just in case there is a sharp bounce ...... if there is, then i shall be looking to short again on monday

New article, click here

a good and interesting article, but i really cannot be enthusiastic about any markets at the moment

an exceptionally sharp bounce today without any news takes the price close to 25 dma ...... time to short again shortly?

LONDON (SHARECAST) - Taylor Wimpey has surged ahead on hopes a debt-for-equity deal for bondholders and banks may benefit shareholders.
Probably in sympathy cynic, tried a short from 302 stop loss 322

closed short at 291, rose on short squeeze due to better than expected housing stats {nationwide} according to independent

but starting to look like time to short again

have just done so at 307 .... sp has had a couple of strong days and took a peek at 25 dma and is now starting to fall away from it ...... housing is many many months from starting to recover either in US or UK

Don't forget interest rate decision today.

I guess if it is only upto 1% then markets will be disappointed but a huge rate cut could spark a big rally

if that happens, then it will be short-lived and may then well add to shorts ..... meanwhile IEC is on its way at last!