anyone got any ideas about the block trades that went through today?

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Prop

i thought the best song was to Everton - "Champions League - youre having a laugh"

As for SEY, results to me were as good as I expected and as most of us here know, this is not a share that we are looking to short term trade but one to tuck away, certainly till 2006 and probably beyond. As far as I see the building blocks are continually being put in place

Hilary,

Many thanks for sharing your thoughts the other day, much appreciated as always. I wonder if I could pick your brains briefly as to where you think cable might head over the next 6 months or so. I'm looking at a 12 month daily chart on Netdania and it shows cable trading in a range between around 22/11/04 to date. From the highs of around 1.9550, it seems to have fallen to around 1.8530, today's price, from where it has bounced a few times back up to what seems to be its current trading range. Would just be interested to hear your thoughts as to whether this is likely to continue for the rest of the year. TIA

Cheers

Gav

Fundy, what was funnier was they sang it right back to us!

the amusing song was 7 nil to the arsenal, 7 nil to the arsenal...

may not sing that again for a few years if not decades!!

Gav,

It's probably not a lot of use to you, but I only really look at cable with a view to where it's going today and I'm totally open minded on a longer term view.

Although it's off it's 1.95 high, it's spent the year so far oscillating + or - 5 cents around 1.90. That's not a fantastic range and reflects a degree of uncertainty within the market. Commentators are pointing to a break of the longer term support and the possible start of declines, but there are several factors which drive the FX market which could easily change between now and year end.

Underpinning everything else is the interest rate differential between the UK and the US. There is an expectation that the UK might cut rates soon to stave off recession, which would weaken GBP. There is also evidence that the US economy is not as bad as first feared and that US rates might rise further in the near future. Those expectations are driving the greenback up. I suspect that the economic data comprises much smoke and mirrors and it will be a while before a clear picture really starts to emerge.

You've also got a possible revaluation of the Chinese Yuan to digest short term and if oil is high going into the US driving season, that will weaken the dollar.

I would expect cable to find chart support at around 1.85 which is roughly where it's at now. If it goes over the next few days, there's thin air down to 1.78 where it was at last October. It's not an exact science though and doesn't say where it'll be by year end.

Hope that helps.

They got well and truly thumped! A bit embarrassing to say the least for all Evertonians!

Got the last Evo's note, if anyone wants a copy then email me off board.

Be nice if it's the cup final.

too true...a 7-0 victory....maybe that would put the willies up Glazer (so to speak)...

hilary - outstanding posts today here and on DOWN.

Thank you for taking the time.

(No, I do not want something. I mean it.)

;-))

Hilary,

Many thanks once again for sharing your cable thoughts, an excellent and informative post which did indeed help. Plenty there to think about for how cable may move over the next few months at least. Just heard a commentator on cnbc talking about support at 1.8500 going and falling down sharply. Perhaps he had been listening to you!

Anyway, thanks once again.

Cheers

Gav

near the 4000th post...team SEY - quid by xmas?

quid proptrade i think 20p would be good at the moment? -doesn't seem much positivity out their- remain long term hold though.

that is just it Lizard, it is a long term play. when the dust settles on these names in a few months/years it will be the best vertically structured firms that survive. SEY is from top to bottom a very well managed entity.

i know you know that but i needed something to say for post 4000...!

May have been said, but the Management have induicated they may well return money to the sharehoders when the Mauritanian Government loan is paid up in 2 years time.

Speculate as top how that may occur............

I think a share buy back.

works for me...

proptrade - you have post...............

SWW, trying to send a private email but it is not activated...send me your email on the old system. cheers

Sorry, I fiddled and did not put it back.

It's on now and also I hope I am sending you a conventional mail.

Do my eyes deceive me? We appear to have a tick up on the bid and a narrowing of the spread.
Sshhh we don't want to frighten it away.

i don't get it sey seems to only go down- what is this up business?.

Plenty of volume today, will it end.. up or down by the end of trading?