Trading tight range.Jury still out on direction short term.Interesting differences of stocks,investing & trading strategies.o/t TAN on monitor my view remains unchanged,don't like the look of it short term.DGO doing rather well!

All eyes on the DOW which closed on 12,800. DOW Theory downtrend confirmation level.So IF it does close below, suggests a primary bear market is confirmed & all stocks will suffer.In my opinion one exception,PET! Anyone currently trading stocks on margin (risky) likely to get hit across number of stocks.Further forced selling automated stops & forced selling good stocks to cover bad calls.Much safer bought & paid for,investing money you can afford to tie up & lose.Times like this cash is king.

So why should PET be immune to your Bear market theory? (Well, actually someone else's theory because you rarely form your own opinion as evidenced by the amount of copying and pasting you indulge in).

Seems you have gone from a bullish breakout, with no TA evidence whatsoever to a tight trading range with the jury out! LoL

The jury is indeed out, could go either way, no reason to buy at this level.

Peter .... my memory is that key number on Dow is 12650 ..... what do your charts say?

ptholden,encouraged by progress being made in Iraq,positive weekend news & imo contracts not too far away.You do not include full quotes in your post but hey ho what's a "potentially bullish reversal...wait for confirmed break...& LOL" between friends.
At least we both agree on one stock TAN, fudge or no fudge! Take care & good luck next week.

bastards the pair of you! ..... just cos i'm having an affair with CEO of TAN, there's no need to get jealous!!

cynic,all is not lost both stocks holding this morning! All eyes Dow open.

:):):):):):):):):):):):):):):):) and i thought it is going to be sad Monday :):):):)

PET holding above 112.5p mid.Keep an eye on this for news when it comes...

lex me old china...it's a daily occurence..

watcher

lex----------Well you certainly put the KOD on that, any remotely favourable comment I make about a co always comes back to bite me in the bum, so it's not a unique talent you have lex, ha!ha!
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don't feel like the lone (loan?) ranger ..... there are few really bright spots today anywhere .... DGO was one and a surprising one VOG, but they are pretty thin on the ground

Few indeed cynic, I notice one of your most loved co's finished blue, namely GOO and your second favourite outperformed the market by remaining unchanged. As for PET it's a waiting game, and the longer the wait for news the more loose holders depart.
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Does it matter if they depart as long as the news is positive.

halifax-----I suppose the answer is yes and no, and very dependant on how positive or otherwise the news is, yes in as much that the sp will be starting from a lower point than it would had they not departed, and no because IF the news is very positive then the sp rise would make that fall insignificant. All imo of course.
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the word is dependEnt ... a dependAnt is something completely different

As someone who generally tries to make an effort into the spelling and grammar of my posts I find it rather churlish of you to find fault, may I suggest you concentrate on your own short comings, there is no such word as whingEing (VOG thread) it is whinging.
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you may well be right, for i confess neither spelling looked right to me .... however, i readily confess to being slightly pedantic about things like independent and independant, getting off (not off of) a bus and even more so about different from ..... one really cannot be different to!

have now checked out via internet, and both whinging and whingeing are apparently accepted as correct ..... whether or not these are national perferences - e.g. australian or english or amercan - i cannot tell

Shouldn't that be Australian, English or American???????????

And stop whingeing or whinging :)

Wall Street falls on Iran worries
AFX


NEW YORK (AP) - Wall Street pulled back Monday after the Bush administration warned Iran following an incident involving that country's forces and three U.S. Navy ships in the Strait of Hormuz.

Stocks, which had opened higher amid speculation about future interest rate cuts, turned lower after reports of the administration's comments appeared on news services .

U.S. forces were on the verge of firing on the Iranian boats in the early Sunday incident, when the boats ended the incident. The U.S. government 'will confront Iranian behavior' if it threatens the U.S. or its allies, the State Department said Monday.

In midmorning trading, the Dow Jones industrial average fell 47.97, or 0.37 percent, to 12,752.21.

Broader stock indicators also tumbled. The Standard & Poor's 500 index dropped 5.31, or 0.38 percent, to 1,406.32, and the tech-heavy Nasdaq composite index fell 23.04, or 0.92 percent, to 2,481.61.


Copyright 2007 Associated Press. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed.

http://www.moneyam.com/action/news/showArticle?id=2561652