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

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.

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

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

MoneyWeek: Don't be tempted by cheap retail stocks

Strawbs

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

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

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

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

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

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

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?

so tabby, would you describe the figures as anything other than truly awful?

Yes but Bloomberg reckon they will open up 2%!

Could depend on the market today.

Tabby
If you truely believe the FTSE will be 3600-3700 by May then I would expect you to be selling all your stocks with a view to buying back later at a lower price. Is that the plan?

tabasco - 06 Jan 2009 10:18 - 533 of 548
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!

All bad news for M&Sawful! the sp should sink like the titanicshorters pile inIm just a little pi that knows nothing and has kept buying.check the price today cynic!.I will be selling when I told you

Bit of a surprise that they are closing stores

Marks and Spencer plans to close 25 of its small Simply Food stores and another two of its normal stores.

Jeffdont expect anything from me!

CynicI dont disagree with you for the hell of it.your assessment of wpp is spot on imhoI was told from someone that knows last year that it would end 08 @ 3.and much lower this yearhe cant understand the current sp and neither can I. I have noticed your view on this company a number of times and have always agreed.I say it how I believe itirrespective of what the groovy gang think

and amazingly MKS sp is currently up!

The key items are

"UK like for like sales down 7.1%; General Merchandise -8.9%".

Most of M&S stock made abroad and costs will rise now due to weak pound, cutting margins even more. It can't be long before MKS take a dive.

I get lucky more often than not cynic...And that annoys the gang!

End of the month haystack