With only the M&S soap opera to break their monotony, traders went on a selling spree on Monday, dragging the FTSE100 down 33 points to 4360. Tuesday was quiet and volumes low as the blue chip index slipped to a two point loss and closed at 4357. Bad vibes from Intel overnight clouded Wednesday’s opening in London. However, after showing red most of the session, a late rally saved the day and hauled the FTSE100 on to a fourteen point gain. It closed at 4372. A bad performance from the financial sector led a retreat on Thursday as the blue chip index staggered to a 31 point loss, closing at 4340.
BB User Events
The next North West Night Out is at Haydock Park horse racing on Saturday July 17th. It is a night racing event and first race starts at 6:40pm. Everyone is most welcome -newcomers especially. This will be a great night out with a great bunch of people.
The next meeting of the South West BBers will be on Saturday August 7th. The venue, as always, will be the Blackbrook Tavern, Taunton, starting at noon. (This is just off the M5 at Junction 25.)
The Weekly BB Review
@@@@Did you see the Daily Telegraph City Diary entry on Tuesday ? It seems that someone persuaded the RSV SAG ISP to censor the site by replacing references to Shore with XXXX. Naughty, naughty. It seems somebody is getting worried about too much of the story coming out…. Keep up with the news and events through the RSV Shareholders Action Group website, maintained by Anomalous.
CockneyRebel sought to reassure the doubters on the MARCHPOLE HOLDINGS>>>THE LATEST INFORMATION (MPH) thread this week ahead of their much anticipated trading statement. Whilst the upbeat remarks were not universally welcomed, Williemanjaro and wbjunior were happy to mull over the company's last financial statement which showed steady progress was being made. With the publication of good first quarter figures on Thursday morning, dan de lion and all of the regulars looked forward to a winning day. @@@@
As the TFC share price stumbled early in the week, the mood on the TRAFICMASTER - Signs Peugeot with Smartnav thread became a bit downbeat. Morjarias was prepared to be patient but boweryboys just couldn't hold back his enthusiasm. There were general concerns that the share price continued to seek a steady support level but most, like CheshireMoggie were pragmatic enough to appreciate that share prices do not generally travel in straight lines. Thursday's trading statement, kindly posted by TOM306 settled the nerves and had C Lau looking forward to a good day. @@@@ (An amusing aside: A Spanish friend of mine bought a new Peugeot 406 Coupe last week and was upset to see that the on-screen instructions on his SmartNav were in English. I have now become his interpreter. :-) )
@@@@ VER - Time for bottom fishing@@@@ Vernalis
ARKO MONEY IN THE BANK (Arko Holdings) @@@@
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@@@@Big thanks to smallchange, BigJacko, rshome and Scripophilist who are doing a great job of helping Marcus as Presenters of the daily Intercast Chat sessions while Patricia has a holiday.
In a re-run of last week, cthompson was again the winner of the Intercast Chat Stock Picking competition with a long on Petroceltic. Congratulations! If YOU would like to enter next week's competition for the chance of winning a really cool prize, visit the Intercast Chat before 12noon on Monday and give in the name of your entry and whether it is a "long" or "short" choice. You will be given the appropriate price reigning at the time of your entry. There are regular competition updates every day of the week so you can check on your progress.
There are also daily competitions to "estimate" the FTSE100 and DJIA closing figures. Winners receive at least a prize from the ADVFN Grotto, courtesy of Marcus with the chance of a trip for two to New York! Entries are free. All you need to do is logon to Chat and let Marcus have your entry. The FTSE competition closes at 3pm each day and the DJIA competition at 5pm. Good luck!
@@@@The ADVFN UD Team is still busily racking up processing time and points in the cause of cracking cancer. Almost 117 CPU years have now been donated by the Team. Why not come and join in yourself? We need YOU to help! The overhead on your PC is next to nothing and it only takes a short time to download the software. Visit one of the Cancer Research threads started by sticky (PBB) or (FBB) where he has updated the links to make it even easier to get started. You can be up and running in minutes.
Good Hunting!
