FTSE 100

TandH
11 Jun '08

Wow, looks like FTSE 100 sliding into 5700s again........?Anybody shorting at this level or going long? Grateful for views .

TandH
11 Jun '08

Me again! Looks like I was right - FTSE at 5793...... where will this go from here?

TandH
11 Jun '08

well looks like we're in freefall mode ;0( Didn't put a short on as I was not sure which way things would go today!

JohnLiquid
12 Jun '08

TandH, the markets in caos at the moment, I think. Personally the overview of the market I think is for it to test new lows, but can't guarantee anything as I would be rich if it was that easy. As the FTSE is not to far from it's last low, I have decided to go long and then scalp with shorts to cover the long positions if the FTSE falls further. If it will work I'm not sure, but hope it does. I've lost a good bit over the last month on stocks. With indices I've made some money, but lost it all and more due to my equities. So I've finished equities and will just do the indices now as they are much easier to daytrade than stocks and have a nice tight spread.

TandH
12 Jun '08

I think you might be right and I'm pondering going long on the FTSE today too perhaps on a July future, in case theres a bit of downside before it turns back up.... Not gone in yet though - I do ponder for rather a long time!

rodhull
12 Jun '08

Sorry didnt read this sooner! Went long on FTSE & DOW from 8am this morning. Quids In $$! Hope you did likewise... 5700 are too low without any major disaster...banks and housing taking a hit again but never expected as low as earlier in the year, pressure on from the US, just a combination of bad news but the markets will pick up after this little kicking... I expect long to about 6200+ over the next month..

TandH
12 Jun '08

hey rodhull - glad you've joined us, we're a gang of three now lol!
Yep I've got a long on a FTSE future at the mo, not mega quids in, but quids in :0)

rodhull
12 Jun '08

took 215 points today on ftse and dow :) nice little tax free £1000!!

rodhull
12 Jun '08

Think i will prob play tomorrow. Looks right now like long against 12050 and go long on the Nikkei tonight think theres another rebound to be had there....GL

rodhull
12 Jun '08

long against 12050 dow!!

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