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

Its Marks And Spencer mks for me just before and after the festive season and looking forward to a positive update to the market on the 6th of January re- the 3/4tr.

Bought the stock late friday at 402p and glad to se the stock remaining above the 400p psychological level at close.

"

If we look at the longer term chart we find that we have firstly 440p ish resistance to overcome followed by 450p resistance as shown on the chart.....



lastly we take a look at the short term action and short term chart which is showing a pleasing rise away from a horizontal trading range.

Marc Bolland looks set to join Marks and Spencer earlier in the new year than anticipated.


As The Independent on Sunday predicted a fortnight ago, the directors of supermarket group William Morrison decided he should take "gardening leave" until starting as chief executive of M&S. Just when that will be depends partly on how soon he can thrash out his leaving terms.

Bolland earned 1.7m last year and has a 12-month contract which includes some long-term incentives and around 4m of shares which he is expected to forego, "In these situations, it is normal for the recruiting company to pick up the tab for what their new man will have to give up," said one head-hunter implying a generous "golden hello".

The news helped push M&S shares through 400p the price that Philip Green had offered to pay in 2004.

At Morrison, head-hunters MWM is searching for a chief executive. But support is said to be growing for the finance director, Richard Pennycook, to step up.

Tipped on uk-analyst

I cant see the reasons for this fall todayother than reverse psychology by the numbnuts The share price can only go one way imo

And it has!what a good bet MKS was in Aprilstill more to come this year imo

Getting hammered today. Historically, good for Xmas rally may have a punt long towards the close today target at least 410?

Mks received quite a negative write up in the Times last Saturday. The general gist of which was, will it grow? No. Can it maintain profitability / SP? Maybe not. I have no position either way.

Probably the best buying signal you can get then imo! If they were being tipped then I would be short. :O)

Wee Punt (SB) Long @ 382.2

MKS raised to Buy from Neutral at Arden, whose right, Times or Arden? Historically my moneys on Arden, come January short, Times win it. Knobheads the lot of em :O)

Stop to entry for risk free trade.

Re - Entry triggered 382.2 (SB) triggered.

Christhis is another Royal Flush at these pricestake it from meIm lucky!

Cheers Tabby, hope that's not the kiss of death mate! :O)

Sincerely hope this is not a dead cat bounce. Stop to entry for risk free trade.

Closed @ 387.3 + 5.30
Broker downgrade (Ing) hasn't helped the cause.
Limit Buy @ 392.0

Interim Mangement Statement.

QUARTER 3 2010/11 - INTERIM MANAGEMENT STATEMENT

13 weeks to 1 January 2011


Group sales +4.0%

Total UK sales +4.0%: General Merchandise +4.4% (Clothing +4.7%; Home 2.7%);

Food +3.5%

Like for like UK sales +2.8%: General Merchandise +3.8%; Food +1.8%

6p down.I fancy them to end the day uptrading statement as usual low keybut Bolland knows how to save a few quid

With a Divi payment coming up on Friday and current market sentiment can only go one way now imo. Think your right about Bolland Tabby, will be a good recovery play eventually.