Confidence could be uplifted again...not a colossal amount 13000 shares but at a good level no doubt, could rise here again...

Bought myself as a result, as chart appears to give me confidence...

although not holding mks any longer , it appears strange to me that shares magazine recommends a sell on on page 19 today and a buy on page 44

yes i noticed that probably edging their bets at least they wont be wrong.
me ive gone LONG on m&s

Just been e-mailed by MKs concerning their 'Up to 50% 0ff' SALE - so I had a look at what they've got - and I can't find anything at all I'd want to buy and neither can my wife. In fact, other than food, we haven't bought anything from them for months!

http://www.marksandspencer.com/

We both think they have now, both utterly and completely, lost the plot. The MKS 3-month chart also looks as though it has now broken out and to the downside:



What do you think?

up and up

Jeepers, where is everyone? Come back from three weeks holiday and boy am i happy.

Bought shares at 3.32, now at 5.82, keep it going

Im looking to buy in at 710sh area , depending on price movement, closed today at 699.5
good luck to all you holders.
regards

No green light yet , but then no red one either, so still on amber, price has not moved as i would have preferred but still amber. my stop loss, if filled is at 690.
as always just my opinion. please be sure to dyor as i am wrong more often than i am right.
regards

thought i had better post this nice and early before the markets open.( this is early)

I have cancelled this order. it is too risky and dangerous.

the reasons are 2 fold, firstly price has not moved as i would have preferred, which is cautionary, and secondly and most importantly, i think this position is far too dangerous to open today, being Friday and all the inherent extra risk of carrying a newly opened position over the weekend.
maybe there is an element of fear, which is never a bad thing, but i prefer to think of it as sensible caution.

I shall review the situation over the weekend & post if and when i decide to reinstate the order.
regards

jkd - you need to visit here and read back a few days.

Trader Tom

"In the bigger picture I am still expecting a high on the 17th November, give and take a day or so. The problem with this date is that it spans over quite a long time frame and the high may very well be upon us already today. When you are using weekly cycles you can sometimes be cheated a little if the high or low you use as a reference point took place at the extreme end of the week. I think a big top is in the making and we should see a decent correction is coming."

Your thoughts are in line with him for holding off except he expects a correction very soon.

There is always more time to invest on the right date, so take time to make sure the right date for you is not the wrong one for the Market.

MKS@7 seems high to me (Crest of a wave thing) BWTFDIK.

SW cheers for that looks very interesting . will have a good proper look over the weekend.

umm! whats BWTFDIK? scuse my ignorance.
ta
regards

But what the f do I know?

Not a lot.

Just intended to help, I am often worng but in respect of stocks that are currently at the top, I look to see if there is a trough to fall into.

As you see, there may well be.

Judging by todays action TT got a downtrend right, asto wether it will be a correction, we will have to see.

If you have not bought yet, wait and see if there is a correction, we could be looking at another 10% down, then again it could go more.

TT will call the bottom too, near as damn it, so if you don't know what you are doing, take his lead under advisement.

The really brave would short the DOW and FTSE right now

SW
I shulda known that.
your often wrong? me too. wanna do a deal? fade each other and split the profits 50/50. cant lose can we?
i didnt mention earlier, perhaps i should have done, my righters pay for my wronguns several times over. thats why i dont mind being wrong. of course if i knew which 60% of positions not to open and which 40% to open i would have a 100% batting average. but i dont know, at least not until after the event.
have a good weekend and thanks for your help
regards

SW
I shulda known that.
your often wrong? me too. wanna do a deal? fade each other and split the profits 50/50. cant lose can we?
i didnt mention earlier, perhaps i should have done, my righters pay for my wronguns several times over. thats why i dont mind being wrong. of course if i knew which 60% of positions not to open and which 40% to open i would have a 100% batting average. but i dont know, at least not until after the event.
have a good weekend and thanks for your help
regards

In that case jkd, you do better than me.

My right one's are very right, but I select non starters and dump them and start again.

Currently going through the rubbish and outing it but I have a few I like to keep.

I like oilies but whenit gets heavy there, I go for blue chips and play the divi if the chart is right.

Not an expert, just a plodder so I take whatever help I can get.

well in that case i shall have to ask for 60/40. not taking advantage, he! he!

LOL