Marks And Spencer Share Discussion Threads

[wernluck] 17/4/2014 09:10

Hi Spinner
time will tell..
but with stops so close it has to attract some money.

[spinner] 17/4/2014 08:47

Hi Wernluck

Very interesting. I sold out at 5.06 last time but entered too early this time at 4.44. I hope that you are right that it will test new highs.

[wernluck] 16/4/2014 17:25

spinner
stops under the last swing low(413.9 plus some noise...maybe look to ATR etc.)
entry NOW!
target new highs....but lets not be greedy!
price got rejected twice around 510
so say 500(you may have something different)
so risk at moment 13 plus 9 for noise=22
profit target=73
R/R 3.3/1
not too bad!

--------------------------
my success rate is about 50/50.
With R/R > 3:1 all good!
with R/R < 3:1 doomed:(

[spinner] 16/4/2014 16:58

Hi Wernluck.

So if the chart becomes reality what is your strategy ?. Long at what price and then out/short at what price ?

Whats your success rate as a chartist ?

[wernluck] 16/4/2014 13:02

looking at the daily chart,price now got very close to the last swing low.
This means there is a decent stop very close at hand.
From a R/R perspective a long trade from here is tempting:
Trend is still up on daily until last swing low is taken out.
Also i like the pattern that has set up...price has taken out a minor swing and heads down into major swing low.

[casholaa] 15/4/2014 19:30

Awful day for me.

[spinner] 15/4/2014 16:32

This is becoming depressing....logically, all these short positions have to be covered at some stage but it just keeps sinking on relatively thin volume.

[qantas] 14/4/2014 07:56

Stick with shares of Marks & Spencer and consider what the company could achieve if all its businesses performed well, Questor said in the Sunday Telegraph. M&S's food business has continued to do well while supermarket rivals face price pressure. M&S reported clothing separately from its other non-food products at last week's trading update, showing clothes sales up 0.6%. That is not great but Chief Executive Marc Bolland said womenswear was encouraging. The question for M&S is whether increased sales are at the expense of lower prices. Until that matter is resolved the shares are a hold.

[casholaa] 11/4/2014 20:01

Hmm... better to wait for british retail consortium to give stats next week.

[wernluck] 11/4/2014 18:13

update 11/4/14
swing low now been taken out
target hit for shorts...could hold for a test lower parallel of pitch fork:
Decent odds on getting there....
but no point in getting greedy ;)
as the last swing low has now been taken out,i will be looking to short this beast
after a decent rally.
Perhaps where the two horizontal black lines and the upper parallel of the PF coincide

[deanforester] 11/4/2014 17:28

I hold MKS in an ISA and get the vouchers each year.

[leadersoffice] 11/4/2014 12:53

Topped up below £4.40 which I'm happy about.

There's clearly issues here but if nothing else, it seems a good stock to trade and get the divi and when they climb back up to £5 or above, sell em.

Question: Anyone hold stock in nominee and get sent the M&S Vouchers they send??
It states that there happy to send if the brokers send the clinet's details. Just wondered what is the usual pattern?

Thankls in advance

[chutes01] 10/4/2014 15:58

It's just the market, stupid ; )

[smartypants] 10/4/2014 15:56

FTSE 100 trades 0.3% higher at 6655.54, helped by the more dovish tone emanating from the minutes of the latest Federal Reserve meeting. The Bank of England kept rates on hold as expected. Hays climbs over 5% after a bullish trading statement, but Marks & Spencer slumps 3.3% despite reported a 1.9% rise in fourth-quarter sales, slightly above the 1.8% rise in the third quarter.

[smartypants] 10/4/2014 15:37

"should recover 10% in next few days. good value"..
So where is the logic for the 3.5% fall in one day ????

[chutes01] 10/4/2014 15:33

should recover 10% in next few days. good value

[bili1946] 10/4/2014 15:18

I awoke this morning to be told the share price rose 3% on fair results...tune in now down 3%?

[smartypants] 10/4/2014 15:16

Back in them there good old days..
Companies would post results..good or bad...peeps would look at the results..and put a value on the company giving a share price value....

Now these "experts"..(degree in sociology) predict what they think the result are going to be or should be..
Company post results...good or bad, and the share price value is based on how well they match the predictions..
You can not beat them

[jeffian] 10/4/2014 10:23

Stunned silence?!

Clothing not down - shock, horror.

[casholaa] 08/4/2014 20:36

Food flat according to the telly earlier with late Easter blamed. Perhaps the telly got it wrong.

[double6] 08/4/2014 20:30

Bit of a concern that they're moving staff out of the clothing departments, trying to push forward the cafe/food departments. (Newcastle).
Poor results coming ???

[casholaa] 07/4/2014 19:07

But that's normal as people shot their wads over xmas.

[miata] 07/4/2014 15:35

M&S is expected to underwhelm with its latest trading update on Thursday. The company is widely expected to post a decline of 1% in its clothing division in the first three months of the year, while sales within the Food division are forecast to be flat.