Fln Angl Hy Cp Discussion Threads

[matthewa] 11/2/2002 10:37

IOT - 535,000 Sell just went thru 2.84

[ruth] 11/2/2002 10:31

Dave,pson and rtr on the same day! youre not turning into a techie are you?lol

[matthewa] 11/2/2002 10:31

CMG - Been trying to work out hows this stock trades for quite a wile But its intra day patterns and movements never seem to follow any logic. Does anyone here trade it?

[matthewa] 11/2/2002 10:31

CMG - Been trying to work out hows this stock trades for quite a wile But its intra day patterns and movements never seem to follow any logic. Does anyone here trade it?

[sue42] 11/2/2002 10:00

Hmm. Sorry for all this off message stuff, but I just discovered another interesting fact about CMC, if you click to get an order set up (but do not send it) it flashes up green - even if nothing is happening on the actual trades. Odd? - maybe a way to encourage you to place the trade!

[dodddy] 11/2/2002 09:58

hbr on the move again im already long

[phil_silver] 11/2/2002 09:52

SerratedEdge - 'stop outs' are there for good reason and like you say it's always 'Murphy's Law' that it'll bounce. Still - looking at TWT right now bet your glad you had it in place.

[alchemy] 11/2/2002 09:50

Long RTR March
Twice as short June

thanks for the catalyst Croc!

[sd] 11/2/2002 09:49

closed long msy for +15pts feel good must not get carried away

[crocodile] 11/2/2002 09:46

Long PSON 762

[crocodile] 11/2/2002 09:42

Long RTR 605

[serratededge] 11/2/2002 09:40

Oh look, after stopped out at 28.5, TWT is now 29-29.5 on CMC. What did I say? ;-) Always seems to bounce after getting stopped. Must be Murphy's Law in action!

[serratededge] 11/2/2002 09:39

TWT got stopped out of half my (long) position at 28.5. Now watch it bounce?

If this goes down to 20p I will go seriously long I think. Last results were good on the operating side (though debt is still a big issue) and I bet more people will have signed up to their BlueYonder fast internet service since then (and some going for the TV package too).

Only downside I can see is recent release of cheap "do it yourself" ADSL packages e.g. Pipex Xtreme Solo for 25 + VAT per month. The broadband market is strating to get competitive!

Results in March can't be as bad as 28.5 p surely?

[phil_silver] 11/2/2002 09:34

TWT very weak - very quickly.

[gopi] 11/2/2002 09:34

Thanks Croc,
I have now got out. Should have done it on Friday, but made the usual mistake of hoping and holding on for too long.In fact, since I got out, it is going up, so I am very grateful to you for giving me the needed impetus.

[alexx] 11/2/2002 09:33

gopi

not sure about Sage but some rules from a book

never average down
never meet a margin call
if you must lighten up, liquidate your worst position
the first mistake is the cheapest

general advice from me

if you've invested so much that you cannot meet a margin call then you must be investing too much, then one gets too emotional, then you must lose

[crocodile] 11/2/2002 09:28

gopi
The only advie I would like to offer is that if a position is going against you get out ASAP
Best of luck.
D.

PS Looking at L2 at 230.5p I would be a lot happier to be long than short.

[smallchange] 11/2/2002 09:25

Gone Short AMEC and ISYS..

Watching the PRU happily...

[gopi] 11/2/2002 09:25

Good morning everyone,

I dont normally post on here, but read the thread regularly, and would appreciate some advice. I shorted Sage on Friday, and am in the uncomfortable position of not having the margin to wait for it to come down. Anyone with access to L2, and experience in trading Sage, I would appreciate what your thoughts are on it for today. Many thanks.

[gopi] 11/2/2002 09:25

Alex,
Thanks for those words of wisdom. I must force myself to apply them.

[vinie] 11/2/2002 09:20

Is ICI a good short from here ???

The chemicals group once had a reputation as the bellwether of the British economy, but it is now saddled with debt and has been forced to launch a rights issue to raise money.

ICI will issue £800m worth of new shares, and investors will be able to buy seven for every 11 they already own. The new shares will cost 180p, a discount of nearly 50% on the current price of 351¾p. The price will be adjusted on February 26 to take account of the new issue. If this adjustment had taken place on Friday, the shares would now be about 284½p.

Gerrard is advising clients to sell ICI shares before February 26. Wood-Smith says: "It is asking shareholders to stump up more money to dig it out of a hole of its own making. I think this is too much to ask." He prefers BOC, the gas and chemicals company, whose shares are now trading at £10.15.

If you hang on to your shares, you must decide whether to take part in the rights issue by March 20. If you do not buy the new shares, they will be sold on your behalf. You will get the difference between the readjusted ICI share price and 180p. If the readjustment had taken place on Friday, you would have received 104½p per share.

[byrdsong] 11/2/2002 09:15

vinie lol! I guess with the tech bubble it was 1 bull to 20 cows - paradise!

[sue42] 11/2/2002 09:13

Morning. Just had a wierd thing happen with CMC, went long on ARM at 303.5, got a requote at 304, which I ignored, but it went through anyway at 303.5. First time that has happened.

[bristolbaz] 11/2/2002 09:05

seems to be doing the rounds - that one :P

[vinie] 11/2/2002 09:04

Found this over the weekend

If you have been having difficulty understanding what the Enron affair is all about, The Mirror reproduces this simple guide, sent to the paper by e-mail from the office of an unnamed Labour MP. It goes like this:

"Normal capitalism: You have two cows and buy a bull. Your herd multiplies and the economy grows. You sell them and retire.

"Enron capitalism: You have two cows. You sell three of them to your publicly listed corporation, using letters of credit opened by your brother-in-law at the bank. You then execute a debt/equity swap with an associated general offer so that you get all four cows back, with a tax exemption for five cows. The milk rights of the six cows are transferred via an intermediary to a Cayman Island company secretly owned by your chief financial officer who sells the rights to all seven cows back to your listed corporation. Your annual report states that your corporation owns eight cows, with an option on six more."