Member Info for TandH

me too re' the nakedtrader website offers! I like free dough to gamble with - lol!

yeah - talk it thru with cantor but remember they're bookies at the of the day :0)

sounds like you had a fab time!

Forgot to add........ try and avoid the FSTE Daily bets, go for FTSE futures and check the date it expires before you place your bet too - then you know how long you have to achieve your target! :0)

hope you enjoyed Barcelona! Re' the short, I use Cantor Index (www.cantorindex.co.uk) - if you sign up, ask them if they'll give you an introductory £100! My advice would be to play with that as a practice before using your own money!!! I've been watching for the FTSE to break out of it's previous range (which I believed to be 5800-6000, although please note I am no expert!) and then I placed my short at the highest point possible - I'm in at similar to Wilbur (6090) although I would have actually felt more comfortable getting in at yesterdays high of arounf 6134, but you can't win 'em all :0) My logic for shorting the FTSE has been explained in previous posts on here and on BARC, but I could be wrong - i.e. we could be at the starting phase of a Bull run. I do think the market doesn't really want to go down (I've said that before) but there are so many negatives on the horizon that I'm relying on human nature and that fear factor creeping back into the market to wobble it again before perhaps it steps up proper into another range of say 6100-6250ish. All my opinion and totally no-pro, so please go with caution if you go into spread-betting. The FTSE index swings wildly sometimes ...

I think the likes of BP and Royal Dutch Shell are buoying the FTSE today as not surprisingly their results were v. good! No idea why HBOS is rallying though and think this should fizzle out later... Mortgage Approvals data (UK) due out about 9.30am I think, so that could put the dampers on things and can't see any of the later US data (consumer confidence etc.) adding to the rally party.....so we shall see I guess.

When you get your "short" signal, would you post it on here please? What chart system are you using? I too am looking at oil, but I really am a novice at it :0)

I have a May future FTSE short on at present and although there was a bit of a rally yesterday (like I said I thought there would be on a previous BARC post) I'm wondering if today is the first day it may well wobble? I think when the HBOS news sinks in, the UK market will get the jitters........I mean reading between the lines about HBOS, I think they're bracing themselves for the downturn in mortgage business and I was really surprised they had a write down - what the hell are they doing at HBOS? BARC has more exposure to the US Subprime than they do but they seem to have successfully hedged their problem areas .....I know BARC may do the same thing later but at least in my book, they have reason as did RBS, but really what's up at HBOS? Anyway I'll stop rattling.....BARC is being beat up more than HBOS at present.......lol and the FTSE is going up...........but for how long though??????

enjoy Barcelona! - I'm watching it on TV.......still not as good without Shuey though :0)

Looks like the FTSE has ended the week around the 6100 mark!! What's interesting is this has seemigly been achieved without the banking, retail and builders sectors..........? If they put any meat on, could we see a push upwards? I was thinking of shorting the FTSE when it got over 6100....but wonder if we might see 6150/6200 next? Any views?

Anyone daring to go long at this stage?? I 'm thinking about it after reading this - see below (but I do wonder about Merve and Co.....don't think we'll see a rate cut next month too - any views? MARKET TALK: Persimmon Update Reads Worse Than Expected News update 2008-04-24 10:19 0919 GMT [Dow Jones] Persimmon's (PSN.LN) update "reads a little worse than we had expected," says Panmure Gordon. The brokerage lowers 08 EPS forecast to 74.0p from 84.78p and 09 EPS forecast to 67.5p from 78.01p. "While we believe that the shares will react negatively this morning, on a longer-term view we believe that this bad news is fully factored in to the current valuation." Keeps buy rating and 787p target. Shares -8.4% at 596p. (ISD) Contact us in London. +44-20-7842-9464 Markettalk.eu@dowjones.com

I'll watch it with interest then :0) Like you, I don't act on opinion as you know.....and theres too much to loose on oil bets if you get it wrong :0)

It's so tricky this 'ere FTSE......... I always believed the markets "didn't want to go down" but I am still very cautious about things....If the Dow and S&P stay up in this range or higher by the close, we could see the FTSE pop over into the 6100s tomorrow....but I'm not certain about the US markets for the rest of the trading day at the moment as they've had a lot of earnings to digest and it really was a mixed bag. Have you seen the Boeing SP for example? I think this alone is holding the Dow where it is - what do you think? Anyway, I have a tiny (£1!) stake on a FTSE short - May Future at the mo, my plan being that if the FSTE jumps past say 6150 with any vigour, I'll dilute it heavily by sticking another short on of about £5/6 ish as at the end of the day, nothing has changed has it? The near term outlook is still pretty gloomy..... Gold doesn't seem to want to go sub-900p again and I'm surprised oil is still where it is, given the inventory in the US had increased by more than thought.

www.cnbc.com is excellent for US earnings - see Earnings tab on index across the top. You will also see the latest news via a "latest newswire" stream and so much more. I also use Barclays stockbrokers for their Market Diary (re' when Economoc indicators are out etc.) and Cantor Index Financial news which is usually even more up to the minute re' "trader speak" Hope this helps

big earnings season in the US well underway now........lots last week, over 240 companies reported yesterday and some major Dow components today...I've missed a couple but think Dupont and MacDonalds had good figs...if this momentum continues and providing the US economic data isn't too bad, this could help shift our FTSE up....Plus if the banks do get through this week and the RBS/Barc Agms etc., this is another momentum upwards... I agree about the miners stocks and I wonder if they'll come off the boil soon. IMO, the FTSE would have to break through 6100 fairly strongly before I would take a short position. For now, I'm watching as anything could happen dependant on all the things we're talking about :0)

Hey, you did go long!!! I said the market didn't want to go down.......

I agree but the market has reacted to this news and the good Johnson and Johnson results, so it's something to be mindful of for now

Just in case you weren't aware see below from Dow Jones Newsire:- "Bunds and gilts fall sharply in reaction to strong economic data out of the US. March PPI rises by 1.1%, versus a forecast gain of 0.6%. The core component, ex-food and energy, holds steady at 0.2%. Meanwhile, the NY Fed manufacturing index rebounds in April to 0.63 from -22.23 in March, and above forecast -16.8". Fine if you think DOW will still end in the red, but my humble opinion says it might not.......thought this data might be good for your decisions re' stop losses etc. DonACE - would you only short the June oil contract at the moment and not the May one?

Which contract ends this week then? I thought one ended around the 11th/12th?

The SP was doing really well on DGO, particularly as it was tipped by Robbie Burns (Naked Trader) an age ago.......the guy has bought into this share many times over. However, for an understanding of what might have caused the recent drop back - see his wesbite and look at Weds 26/3 info - he mentions that some spread firms have rang round asking for traders to put up more dough as they have increased their margin call rates. He reckons this would have made a lot of traders close out of trades and so the price dropped. Makes sense I guess.