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Marks & Spencer £20 coming soon (MKS)     

tobyboy - 05 Jun 2007 16:10

anything under 7 cheap cheap cheap. good div. just paid. chart looks sick

chocolat - 06 Jan 2009 09:51 - 527 of 974

I just like playing devil's wotsit ;)

The market already knows the sales were a misfire, so this is either a trap ahead of the figures - or they're striking out for 250+.

skinny - 06 Jan 2009 09:53 - 528 of 974

Yes there goes 4600 and I find myself short! ho hum!

tabasco - 06 Jan 2009 10:01 - 529 of 974

Chocospot on!cynicyou have misquoted me on more than one occasion which I have graciously excepted your mistakesI did say that their Xmas stock had sold very well. better to sell out at 20% discount..which in fact was hiked up in the first place.. than 50% or more after XmasI know where the staffing is being trimmed and it will help the splisten to chocoshe is very rarely wrongas opposed to some on here..

Strawbs - 06 Jan 2009 10:02 - 530 of 974

Next and Debenhams have both moved up today despite bad news. Perhaps a case of "short on the rumour, buy on the fact". :-)

Just an observation....I don't hold (long or short).

In my opinion....

Strawbs.

skinny - 06 Jan 2009 10:03 - 531 of 974

ROFLMAO

cynic - 06 Jan 2009 10:03 - 532 of 974

depends whether the annoucement will be sufficient sweetener for the bitterness ahead ...... one can never tell

overall, i really do not remotely believe we have seen the bottom of the market, so that would include MKS sp

tabasco - 06 Jan 2009 10:18 - 533 of 974

CynicI completely agree with youMarks will imho have a reasonably good January and although our company shares are locked in I will be trading our other shares later this monthftse to hit 3600-3700 by May is my guessthere you go cynic that surprised you!

Gausie - 06 Jan 2009 11:31 - 534 of 974

Added 240.75

tabasco - 06 Jan 2009 13:59 - 535 of 974

I see we are all doing spiffing with the mks shorting?...lend us another tenner mummy.

skinny - 06 Jan 2009 14:01 - 536 of 974

Well by your 'tolerances' I could let this go to about 20 and then hedge it and still be a winner!

tabasco - 06 Jan 2009 14:37 - 537 of 974

Do your shopping at M&S and you wont be skinnybut listen to the cartoon boy and you might end up skint!

Haystack - 06 Jan 2009 15:55 - 538 of 974

The news that M&S are to sack around 1,000 employess seems to be pretty widespread today. Sky News said that many staff have been informed that the jobs cuts will be announced tomorrow.

Strawbs - 06 Jan 2009 16:13 - 539 of 974

May (or may not) be of interest ....

General retail rather than M&S specifc.....

MoneyWeek: Don't be tempted by cheap retail stocks

Strawbs

cynic - 06 Jan 2009 16:35 - 540 of 974

thoroughly agree ...... and i think advertising (WPP) is in for an even more torrid time, especially with digital advertising taking huge chunks out of the "traditional" market

Haystack - 06 Jan 2009 16:36 - 541 of 974

That would then have a knock on effect on the commercial TV companies as advertising revenue dries up.

Treblewide - 06 Jan 2009 21:45 - 542 of 974

was very tempted to short MKS today at 240...wish i had and i plan to short tomorrow

cynic - 06 Jan 2009 21:46 - 543 of 974

i hope you are right, but think you probably are .... i certainly don't see much upside

tabasco - 06 Jan 2009 21:53 - 544 of 974

Big mistake to short mks tomorrow trigbut what do I know?...And you are a geniusso you tell me...

cynic - 06 Jan 2009 21:59 - 545 of 974

but perhaps not so dumb shorting today ..... tabby speaks with something of a forked tongue

tabasco - 06 Jan 2009 22:07 - 546 of 974

CynicI believe mks will hit 2-80 by the end of Janthat has always been my view.I will sell a chunk at around that figurethey could hit around 2 from then up until Mayno forked tonguejust my point of view for what it is worthshort it tomorrowthats your choicewe aint got to wait long to find out who is right?
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