Confidence could be uplifted again...not a colossal amount 13000 shares but at a good level no doubt, could rise here again...

Bought myself as a result, as chart appears to give me confidence...

Precisely! MKS has now ventured into the Credit Card era (at last) and has a large, loyal and well-heeled customer base who are an excellent dredit risk. I believe this side of the business can only enhance MKS which are probably undervalued by the market due to the continuing love of the short term trend over the tried and tested. MKS probably up to 310-320p Jan/Feb (in my humble opn). Trust your instincts.

475 Banks Buying:475 Banks making a mistake ?? aj

aj: as they say, the market is never wrong no matter what 475 banks may say :-)

I'm just looking at the chart and saying what I see. I'm probably looking at it in a much shorter timescale than most of the people on this thread so this downtrend may be a good opportunity to buy if you think this stock is undervalued.

Looking at the end-of-day chart, there is certainly a support building at around 269p and I'll certainly be keeping a close eye on my short trade over the next couple of days in case it bounces. However, if the price drops through that level I wouldn't bet on a recovery this side of Christmas. Of course that does not contradict the possibility of 310-320p by jan/feb as put forward by namreh3 - it's really a matter of timescales. Some form of good news between now and then would certainly help to kick-start the price.

As they also say, no advice given, DYOR and don't try this at home.

PRICE DROP REASON ?? --- today 200,000 @ 269.5633
Nov 20 : Barclays no longer has notifiable interest

.................
Opinion :-
They still have shares but less than required for
notifiable interest.Or they e.g.sold all shares and re.bought : See below.

They are one of the 475 Banks that purchased e.g.a different name.

IF correct :-
The price dropped when they sold so they re - bought
AND their manipulation of the market ensured the other 474 bought low.

Totally agree, AUSTIN REED and MARKS n Spencers 2 different retailers...MnS Food is big money, in fact quality is King in todays market environment..

No offence but Austin Reed is expensive for what it's worth, On the other hand Marks N Spencers is value for money and more tasteful Variety these days after major revamp and new Buyers...i.e more affordable for average person...

And The food...Well thats I could write about all day...!!!

I dont have a worry about MnS, any left overs would be cleared in the sales, big time.

Jules99.

Apparently, MKS are not stocking stores in the way they have in the past, so left overs or early sale bargains to clear stock may not materialise as they have previously. Sorry to disappoint Jules99!

NEWS

500,000 @ 268.2368
aj

Rising well this morning....

Yes, Morgan Stanley have upgraded them.

Bears seem to be losing the battle.
Looks like those March lows have held for the moment.

Melnibone.

Still climbing well - late 270's today than???
Best to be positive and optimistic in this game!!!!

sold out of mks for today...

reason need funds for other Tech opportunities around for expected xmax rise..

gone for Colt and Logica...my best two, expect both to hit past their highs...MKS wont give me that kind of rise i dont think until a statment is given by MKS..

jules99..

Tend to agree with your thinking Jules - good luck with your
'new babies' may they grow well for you!!! No doubt will
bump into you in the MKS arena another time - possibly in
the Par Uno section or browsing the wines...

The problem with buying into MKS in the high 270's,
as I see it, is that the old 280p support will now
act as resistance.

You either need to buy it above 280p for a breakout
or buy at the 269/270p level if you think that the
March lows will continue to hold.

Melnibone.

Agreed I bought in at 272 (ish) it's a reasonable divi payer
so pays its way whilst it is necessary to wait for it to
go higher to sell at a profit.

NEWS

Daily Express and Daily Mail Upbeat rgds aj

Music to the ears ajren!!!

Sunday Telegraph
Holmes c.e.o.

Turn around strategy:-
Focus on -
1- Food
2- New credit card
3- Homeware
The group appears - his words - to be maintaining its market share in clothing.
But in knitwear and formal - 2 of its more important lines - it is not sparkling
rgds aj

Interesting...years back M&S homeware was much bigger business than
of more recent years - you could collect with easy whole dinner
services and all the matching kitchen accessories - I know I did
in the early 80's (laugh) so they may move back to what used to be.....
Interesting....
Thanks Aj!!

Bridged the 280p mark!!!