Guest Posted December 18, 2003 Report Share Posted December 18, 2003 Up but going nowhere today. All Ords +0.2% and moving in a narrow trading range but BIG volume for this time of day. Could be a distribution setup although I'm finding it hard to make any sense out of the action. Might be clearer this arvo. Oils mixed, banks mixed, you get the picture. Newcrest and Newmont +2% and Lihir flat. Similar lethargy in Asia with Nikkers and Singers +0.2% and 0.3% respectively. Link to comment Share on other sites More sharing options...
Guest Posted December 18, 2003 Report Share Posted December 18, 2003 Bit of an odd one today. Buying dried up in the middle of the day and then whoopsies down we went into close. All Ords closed -6 (-0.2%). Still very much a mixed day but the leaders, ie banks, Newscorp, Telstra died a slow death. Still looks good for da bearz imo. Brown One thanks for that Shell/Woodside info you sent. Woodside actually dived 2.8% today so there might be a follow up on that. Golds did well: Lihir +0.7%, Newcrest +2.5% and Newmont +2.1%. Nikkers up but struggling, +0.3%, Singers oscilllating, -0.1% and Honkers +0.6% and in the lunchbreak, things could change after the market reopens. Seems to me the markets getting very swingy and erratic: with a bit of luck we'll get a big move shortly, preferably down of course. Link to comment Share on other sites More sharing options...
alceringa Posted December 18, 2003 Report Share Posted December 18, 2003 Yoo-hoo world markets Uncle Buck Spoo-Hoo's- Nasty- Globex Flash Quotes Link euroland Jo-burg Miners Here After Hours-USA Island AM Market Call By CNNMoney From Bloomberg 0135 AM Stool HQ Time China Life Shares Surge in Hong Kong After the World's Biggest IPO of 2003 Shares of China Life Insurance Co. surged as much as 25 percent on the first day of Hong Kong trading, after investors ordered more than 27 times the $3 billion raised in the year's biggest initial public offer. Japanese Stocks Advance, Led by Toyota; China Life Shares Soar in Debut Crude Oil Rises to Highest Since Iraq War on Lower U.S. Supplies, Weather Bloomberg Link to comment Share on other sites More sharing options...
The brown one Posted December 18, 2003 Report Share Posted December 18, 2003 AEX is now in the pre-Christmas faffin' about stage.Da Dutch boyz would love to ramp it up and give themselves some Yuletide spending money,I'm sure but everything is against them especially the euro.Everyone here has been cutting back on spending for both 5th December and for Christmas.Fewer people going out for a binge in restaurants,preferring to stay at home and cocoon with more spending on Xmas lights and decorations. Only stock here that's doing well of late is Shell.Just heard a guy on Crapvision say that Shell would be a better choice than BP 'cos BP pays divi in USD and Shell doesn't.Also,Shell has been weak until now compared with BP and Exxon and so has more upside potential. One observation of his,talking about Christmas parties etc,was that he sees everyone with a cigarette in their mouths.Forget all the stuff about everyone having quit,people are smoking again--buy shares in the super polit incorrect baccy co's! Got go for a few hours but will look in later. Link to comment Share on other sites More sharing options...
Bird D Durr Posted December 18, 2003 Report Share Posted December 18, 2003 Our US Dollar is "paper confetti".......... All their currencies are "paper confetti"............. This has to end badly............... Link to comment Share on other sites More sharing options...
Guest Posted December 18, 2003 Report Share Posted December 18, 2003 Footsie steaming up....4400 or bust! Another excuse to jam the US futures (not that they need one judging by the action lately) Link to comment Share on other sites More sharing options...
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