Spreadbet short on M&S... certain to announce dividend cut. I also expect a retracement to the 50 day MA which is under the 300p mark where I'll take my first cover depending on how L2 is looking.
Long ATD - I'm actually going to wait for a dip here as I expect there to be a lot of movement on Monday with a small sell off.. this will be a longer term hold for me so I am happy to buy my time and take a good entry again; There is nice support at the 25-26p mark (director buy) so i'd like to get as close to that as I can.
I'm still watching Inchcape - annoying it has moved up from 14p when I started following it to 19p today.... i still think this is a very risky play given the state of the economy (Inchcape is heavily involved in automobile manufacture and distribution and have been battered like crazy from their 52wk highs... just take a look at the charts!)
Exchanging Plc - one from the seminar but one that I am going to sit out on and watch (probably with dismay as I count the money I could have made...)
Another one I intend to watch with interest are BA again... they are due to release results this week and I don' think the picture is going to be all that rosey... a potential short but I will update my thoughts once i have looked into this one more as big willie is never one to underestimate and i have been impressed with the recent drive to hedge on expected oil increases as well as filling up 1st / business class seating!
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