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Tradrers Thread - Tuesday 27th April (BP.)
Crocodile - 26 Apr 2004 21:40
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U.S indexes fell back as profit taking & interest rate worries depressed the markets. BP's first quarter has come in higher than market expectations with the U.K underperforming the U.S & Asia. They are going to sell half of their the petrochemical business and are considering an IPO on the refining part of the company. Extra output from its newly acquired Russian assets helped it to boost its daily production to just over 4 million barrels a day. Tesco said its Tokyo unit hopes to take over an indebted Japanese supermarket chain after recently giving it some help. Westbury housebuilder said annual profits rose 24 percent to 115.6 million pounds, in line with market estimates, delivering an 11th straight year of profit and dividend growth Game Group reported an annual 4.5 percent rise in profit to 34.7 million pounds in line with expectations and said it was doubling its dividend to 2.0 pence. Turnover rose 8.3 percent to 607 million pounds but the firm sales fell 9.0 percent in the 11 weeks to April 17, they said they aim to beat a difficult market in 2004 British American Tobacco reported a three percent dip in first-quarter profits hit by the strength of the pound but said momentum in 2004 will continue. This profit of to 454 million pounds was well below market expectations |
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Calendar: United Kingdom |
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United States (GMT) |
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Europe & World (GMT) |
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Amvescap (I), BP (Q1), SurfControl (I), Ferraris (I), Alexandra (F), Game (F), Robotic Technology Systems (F), Solitaire (F), Westbury (F), C.I. Traders (F), BAT (Q1) Aviva (AGM), Bradford & Bingley (AGM), HBOS (AGM), Northern Rock (AGM), Benfield (AGM), Personal Holdings (AGM), Rank (AGM), Royalblue (AGM), Singer and Friedlander (AGM), UK Coal (AGM), 10:00 CBI quarterly industrial trends survey |
DuPont , McDonald's, Verizon 15:00 Existing Home Sales (6.2M) 15:00 Consumer Confidence (88.3) |
Vossloh, Software AG Essilor International, Renault, |
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roma - 27 Apr 2004 07:50 - 6 of 40
Crocodile - 27 Apr 2004 07:55 - 7 of 40
Crocodile - 27 Apr 2004 07:56 - 8 of 40
Druid2
- 27 Apr 2004 07:57
- 9 of 40
jj50
- 27 Apr 2004 08:01
- 10 of 40
Melnibone - 27 Apr 2004 09:19 - 11 of 40
Wonder how long this desultory trading from barely Bullish
to barely Bearish will continue. Maybe we'll range until the
initial jobless claims and GDP figures at the end of the week.
If GDP growth is too big it will spark fears of higher, sooner
interest rate rises. If it's too small then it will spark fears
of a slowdown in growth and corporate profits with too much
already priced in. A fine line for the FED to tread.
Don't forget, as I mentioned earlier this week, we're coming up
to the old 'Sell in May and come back on St. Legers Day'.
What I'd like to see is a nice blow off high on the US and UK
Indices, and then a nice short for a decline through the summer.
Didn't happen last year though, in fact we got the reverse.
Decisions, decisions. Lol!
Melnibone.
ThePlayboy
- 27 Apr 2004 09:24
- 12 of 40
little woman
- 27 Apr 2004 09:31
- 13 of 40
I've gone long SCTN
ThePlayboy
- 27 Apr 2004 09:36
- 14 of 40
Melnibone - 27 Apr 2004 09:39 - 15 of 40
But cautiously making money, a little and often. :-)
Never yet been caught out by the big drops. (Touch wood).
I still go long on Blue Chips every week, take the money
and drop out again. So I've not missed any of the Bullish action.
Maybe an old wives tale, TP. But if enough people believe it then
it becomes self-fulfilling, same as I believe some of TA works.
We're still a natural herding species. :-)
Melnibone.
ThePlayboy
- 27 Apr 2004 09:42
- 16 of 40
Melnibone - 27 Apr 2004 09:51 - 17 of 40
If I ever fix the Delorean then I'll follow my own ideas on
direction, until then the Market direction will suffice.:-)
By the way, in August 03, the FTSE nearly hit 4300.
Here we are, 8 months down the line and only about
250 points higher. In fact we recently dropped back
down below 4300.
Where's the fire? ;-)
Melnibone.
ThePlayboy
- 27 Apr 2004 09:54
- 18 of 40
Crocodile - 27 Apr 2004 10:19 - 19 of 40
Melnibone - 27 Apr 2004 10:25 - 20 of 40
This is one of the reasons why I'm still cautious.
I've multiplied the 200Day MA by 5 to give a 1000 Day MA which should
work as a 200Week MA on a weekly chart. It comes out the same on a proper
weekly chart on BigCharts.com with a 200 MA, but I can't seem to post one
of them, I always seem to screw it up.
I like to keep an eye on the really big picture. Note the overall
direction of the market and the MA.
Of course, trends don't go on forever, so maybe we will enter a new
period of Nirvana, where everyone is paper rich with prices that new
buyers MAY pay the holders for their wares if they decide to sell.
Until then, I think I'll just stick to short term trading and putting
cash in the bank each week. Not paper profits in a portfolio. :-)
Melnibone.
Melnibone - 27 Apr 2004 10:51 - 21 of 40
Here's a one year chart of HBOS.
Note the price 12 months ago and the price now.
Where's the difference?
How much have LTBH buy and forget holders made this Year?
How much have short term traders made this Year?
Melnibone.
Melnibone - 27 Apr 2004 10:56 - 22 of 40
GSK over 12 months.
Again, how much would I have made by holding?
Melnibone.
Fundamentalist
- 27 Apr 2004 11:05
- 23 of 40
Anyone would think you were having a pop at me lol.
As for LTBH I have had a good year on 2 stocks and a flat year on 2 stocks so partly backs up the theory but as ever depends on which share. As for GSK I am currently short (from 1170p) prior to results later in week and am nervously awaiting SKP results announcement thursday -i may be LTBH no longer on this one.
anyone else trading GSK currently?
Melnibone - 27 Apr 2004 11:13 - 24 of 40
Another investor's favourite.
SHEL over one year.
Shares are for trading, not squirreling away.
Companies that want your money, say you should invest for
a minimum of 5 years.
Don't get me posting 5 year charts, they'll make you ill. :-)
OK, look longer term. Looks good?
Now factor in inflation and fees.
The financial industry is there for them, not you.
They're constantly working out ways to re-package the same
tired old stuff and part you from some your money.
It's been going on since Job was a lad.
You can't have a world full of winners and no losers.
There's no easy money for everyone.
Just for those that already have it.
And the finance industry has yours.
Rant over. Can you tell I'm bored. ;-)
Melnibone.
Melnibone - 27 Apr 2004 11:18 - 25 of 40
Nothing intended, just using a big favourite investors stock as an example.:-)
Think I'll go for a coffee until the US opens.
Otherwise, no telling where this thread will take me today! :-)
Melnibone.
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