Electrocomponents Share Discussion Threads

[richgit69] 06/11/2002 15:00

forwood, on the other hand if fed cut rates more than .25% means we get one tomorrow with europe

[forwood] 06/11/2002 14:55

Take on this - US election won, no need for fed support now. Market falls to ensure rate cut.

[forwood] 06/11/2002 14:54

Closed Lloy and Barc longs. Short AVZ

[forwood] 06/11/2002 14:46

Closed Rbos long minus 7 pts. Now short

[halfday] 06/11/2002 14:44

chaspebble: Thanks for the reply, only just started using it, but mainly toying with the dow. Can help but feel that BP are due a bounce (I'll wait until under 390) and MKS are heading down to 300. We will see.

halfday

[richgit69] 06/11/2002 14:43

don't forget after wall street closes CISCO results

[matthewa] 06/11/2002 14:36

LFS - Mentioned yestetday is going higher. I think this is MUCH more likely to be on the receiving end of a bid It has no debt High member retention Better profits.

[latestarter] 06/11/2002 14:22

anyone follow HOF? sudden turnaround continual MM activity, merrils pushing up the bid, no stock avail electronicaly, any rumours?

[richgit69] 06/11/2002 14:13

I think the dow is just going to drift until 7:15 when fed rates are known ;-)

[big al 39] 06/11/2002 14:10

rich - I thought that earlier! Looks better now, but then I'm biased.

[richgit69] 06/11/2002 14:01

big Al, is BP a long yet???

[big al 39] 06/11/2002 13:58

Skinny - out too for -22. Not pretty, but the only one I've run past a stop. Says it all really!

I get the idea sentiment has been altered by the sharp reversal at 4200, but still think we'll see it sooner rather than later. Much depends on 19:30 tonight. 0.25 priced in, but 0.5 might cause alarm bells to ring that the US economy is in worse shape. Interesting comment on Bloomberg this morning that a Republican congress would allow more tax cuts and therefore only 0.25 would be necessary if they got in. Difficult.

[big al 39] 06/11/2002 13:58

rich - SNAP!!

[richgit69] 06/11/2002 13:52

forwood, IMO if US cuts rates more than .25% I think US will panic ;-)

[chaspebble] 06/11/2002 13:47

Halfday - rolling bets with Fins are very good. FT100 prices are the same as the market, with no commission. I use them a lot now, although I still trade CFDs. No commission, no stamp duty, no CGT - lovely!

[skinny] 06/11/2002 13:46

Big Al - out of MKS & now short. - generally playing smaller stakes and letting things run a bit.

[forwood] 06/11/2002 13:41

Lot of negativity about. GNI's RAW saying 'only' a 50bp drop in US interest rates will push the market higher. Think that .25 will be enough for the short term personally but there we are - everyone can have an opinion.

[supertourer] 06/11/2002 13:41

MKS slipping again......

Also, GSK well up, been waiting for the daily price sink....still waiting :-(

[dazzleer] 06/11/2002 13:37

I would say that 295 -305 should act as resistance, but also a end of day close at or above these numbers would mean a potential breakout. If bounces down, expect only a target of around 270, roughly where the 50 day moving average is.

Resistance after that will be the previous high in August at 330.

Well this is how I interpret the chart.

As far as I`m concerned my view has not changed, it is a definite short based on fundamentals, but I`m usually wrong. Chart suggests otherwise.

Should I close !!!!! Sods law the minute I do it`ll tank.

[foale] 06/11/2002 13:27

out of AVZ for 430.25 ( paid 391) few days ago.
been a bit of a rollercoster along the way though
seem to have hit tempp resistance at 430ish


FTSE making us sweat this am certainly we are in a break out area at 4140 ish
just cannot see us back at 4100..so assuming this is a test before we try 4200 again

Long SGE VOD PRU OOM III BT LOG MSY

Sold yesterdays long in PRU at 510 first thing bought back at 496
was not quick enough with the other positions as the retreat from 4200 this am took me by suprise

[big al 39] 06/11/2002 13:26

Skinny - how you doing today? Just saw your late post on yesterday's thread re MKS.

[halfday] 06/11/2002 13:13

Quick question, does anyone use the rolling bets with Finspreads and would anyone advise them.

[skinny] 06/11/2002 13:09

Thanks forwood.

[harleymaxwell] 06/11/2002 13:07

cheers for the graph - what should we read into it??