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[supertourer] 06/11/2002 10:34

Could have implications for BAY.



Terror on Concorde as jet plunges 27,000ft

An Air France Concorde developed engine trouble during a flight from New York to Paris and plunged 27,000 feet.

Air France says one of the plane's four engines began to malfunction as it crossed the Atlantic on Monday.

The pilot shut down the troubled engine and descended from 60,000 feet to 33,000 feet and slowed to subsonic speed.

The pilot continued the flight using the plane's three remaining engines, an Air France official says.

None of the 67 passengers on board were injured, the official says. The cause of the engine trouble is not immediately known.

A passenger on the flight, Amar Belgacem, says the plane plunged fast and passengers panicked.

"All the plates, glasses, all the food crashed to the ground," Belgacem told France-2 television. "We grabbed onto our neighbours... everyone was saying prayers. I had the fright of my life."

[big al 39] 06/11/2002 10:28

forwood - premature again!! ;-))

razorgirl - 4200 may well prove a problem, but the early morning effort was fairly pathetic. Wouldn't be surprised if it has another go later. Prepared to wait.

rich - aye. Noted. Late US rally may well follow through. Only 2 positions at present. Looking at others if pullback continues. BARC looking poorest, but short term o/s.

[random] 06/11/2002 10:23

got out of short position

did not feel comfortable.

[tonyjackson@ireland.] 06/11/2002 10:21

got to go out now,feel/hope we are going to retrace to bottom of recent trading range.the big hitters are going to walk us up and down as usual.

[ed 123] 06/11/2002 10:19

CRST look about to break upwards.

[tonyjackson@ireland.] 06/11/2002 10:18

short av. 548,stop552

[random] 06/11/2002 10:14

my own feeling is the US markets are looking toppy, but a blow off top could occur.

[richgit69] 06/11/2002 10:09

BIG AL, signals are pointing down becareful ;-)

[razorgirl] 06/11/2002 10:08

forwood, it doesn't like 4200!

[foale] 06/11/2002 10:08

Confused!!! Did not expect such as pullback from 4200 ish..
Closed 50% of long positions

Technically its looked toppy and was obvoius that it was not happy up there but expeected more support from the market at 4160 ish...

Dow is falling but still at 8700. Ftse fall looks overdone
but not sure

Really needs to rally from 4130 to sustain bullish posture

This trading ...its not easy !

[razorgirl] 06/11/2002 10:07

Big Al, I'm not looking for this move to run out of steam until after 11am, then I'll start looking for longs

[forwood] 06/11/2002 10:05

Guess not Big Al :-(

[forwood] 06/11/2002 10:03

False alarms notwithstanding, is mighty strange FTSE behaviour. DOW ended up on us last night and showing further rises today. Any views?

[paulismyname] 06/11/2002 10:02

Lmc closed 107 +3 :) a profit is a profit

[big al 39] 06/11/2002 09:59

Long BP. 402.5
Long BARC 474.25

Hope my timing is better than yesterday!! Stops are better placed anyway.

[balthazar b] 06/11/2002 09:58

A short circuit apparently

[david2000] 06/11/2002 09:58

No injuries, caused by a short circiut.

[tonyjackson@ireland.] 06/11/2002 09:58

stan off nicely now moved stop to break even,good to get into that position first time this week!

[david2000] 06/11/2002 09:56

Explosion at Milan train station, just reported on Bloomberg.... maybe caused pull back

[random] 06/11/2002 09:53

points falling fast off the ftse, almost to the point where I shorted it last night ...... ;) trying a slightly longer time window for trades and it is not working well yet ..... ooops.

[forwood] 06/11/2002 09:42

dailos - you still in SHP? And are you still sanguine about being long?

[axdpc] 06/11/2002 09:39

forwood,

I guess we can now narrow down the possible candidates to a few hundred,
institutions or individuals :-)

[trader2] 06/11/2002 09:36

TSCO - up against wall of resistance at 207/8 - anyone any reasons why it might break through this time?

[forwood] 06/11/2002 09:34

Yes I know. And it wasn't the only one in ISYS but more generally, with the P trades it suggests an institution adjusting its portfolio, perhaps agreed deals with other institutions. So rather than selling in open market, you find buyers prepared to take on your stock. Mind, am not an expert in such matters.