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

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.

Marks and Spencer bouncing off a strong support line going back over a year. Trading range set up.

Going well today, lovely bounc off support line.

Broker Upgrade.....


Marks & Spencer Group
FTSE 100
Consumer, Cyclical
Buy
475
340.9
39.3%
Execution Noble

Target SP 475p 39.3% upside.

M&S have hit around the same bottom four times in the last year...my guess is this will only be going one way over the coming year...and I am fairly confident...

MKS on a bit of a run.

Final Results.

-- Final dividend 10.8p, up 13.7%; total dividend 17.0p up 13.3%

-- Net debt GBP1.9bn down GBP167.5m (3 April 2010 GBP2.1bn)

Statutory results:

-- Profit before tax GBP780.6m (last year GBP702.7m)

-- Basic EPS 38.8p (last year 33.5p)

Business highlights:

-- Increase in Clothing market share of 50bps(2) to 11.7% with growth across all areas

-- Increase in Food market share of 10bps(3) to 3.9%; 1,900 new lines launched

-- More choice in stores through innovation

-- International sales up 6.1%(4) to GBP1bn; 49 new stores opened

-- Direct sales up 31%

-- Early progress against the three year plan