The ISEQ Thread Part I - March 2008 - October 2008 **LOCKED**

Down over 100 points. Crikey!

The ISEQ did very well today, significantly out-performing the European average this Monday evening.

Anglo did particularly well, rallying more than 7%. A sign that the worst is over?

The ISEQ did very well toda, up 143 points according to ise.ie. I feel a sense of calm is starting to become entrenched.

The ISEQ has gone up in each of the last 5 days. I haven't seen such a streak in quite some time as this. Could we be seeing the up-turn in the cycle and is this the time to get in before take-off?

Ever ready to be the optimist A-T? Imo, it's much too early and the near term future outlook too uncertain to make any valid probablistic assumptions about the ISEQ's overall price direction. One thing that is certain, however, is that the ISEQ has finally broken away from its own sorry downward trend and re-joined the directon of the major indexes (indicies). Even if it follows a downward trend in tandem with the other indexes, as long as it doesn't fall quicker, it can be safely assumed within limits that it has broken out of its own trend. Imo, this would indeed be a significant event. I already have an eye out for the Irish financials and will follow a couple of blue chips for the next several months looking for profit opportunities.

rockyracoon wrote:

Ever ready to be the optimist A-T?

Yep, I see the world from a positive angle and look to the up-sides in every story.

Quote :

Imo, it's much too early and the near term future outlook too uncertain to make any valid probablistic assumptions about the ISEQ's overall price direction. One thing that is certain, however, is that the ISEQ has finally broken away from its own sorry downward trend and re-joined the directon of the major indexes (indicies). Even if it follows a downward trend in tandem with the other indexes, as long as it doesn't fall quicker, it can be safely assumed within limits that it has broken out of its own trend. Imo, this would indeed be a significant event. I already have an eye out for the Irish financials and will follow a couple of blue chips for the next several months looking for profit opportunities.

There's been a great re-balancing of the ISEQ over the past 12 months. The banks have ceded significant weighting to oil companies like Tullow and Dragon which leaves the market on a more even keel.

I feel the fire has gone out of the bearish trend we've been in the past 12 months and a bull run is only a matter of months away.

Another positive day for the ISEQ, with the 58 point advance more than compensating for the 52 point fall on Friday. Comparatively, we're in a fairly purple patch this weather on the ISE.

The ISEQ is up a few points as we draw towards the close of trading this weekend. Seriously lads and lasses, this calm is catching!

What does calm come before.

youngdan wrote:

What does calm come before.

A big boom!

This is the Boom Boom and a KO that would land you in Moycullen is headed for the Irish economy http://video.google.com/videoplay?docid=5364828766155528266&q=boom+boom+mancini&ei=578tSOb8FoS4rgLViaySCg&hl=en

Wrong video ?

So many videos so few places to put them

The ISEQ registered large activity today, falling by about 140 points, perhaps in anticipation of a loss by Dustin tonight!

I know nothing about stocks... but I know Austin Hughes says the backbone is fundamentally sound... whatever that means...

I know someone who had him speak at something the other day and that was the sum of it.

Iceland... now that's a different kettle of fish.

johnfás wrote:

I know nothing about stocks... but I know Austin Hughes says the backbone is fundamentally sound... whatever that means.

Well, today the backbone got hammered, with most major indices registering significant losses, the ISEQ was not alone in this regard.

It's still well up from its lows and has been largely positive of late. It can rally from this position to finish the week on a higher note.

The only ones on a higher note wil be those who have their balls handed to them when this market crashs. I still call for it to go to a thousand.

What a doozy! The ISEQ fell about 170 points today with BofI reporting a 6% rise in profits for the financial year to March 31st 2008.

Buy Sarat.. I mean Ard-Taoiseach.

youngdan wrote:

Buy Sarat.. I mean Ard-Taoiseach.

Sarat? The new and used Ford car sales company of Massachusetts?

You are losing it Ard. It was a reference to me mistaking you for a moment for poor Saratoga. We know how his optimistic call worked out.

youngdan wrote:

You are losing it Ard. It was a reference to me mistaking you for a moment for poor Saratoga. We know how his optimistic call worked out.

Oh I see, saratoga was stung with his punt on Bear Stearns. Badly.

I told him to sell at 104 dollars and he called me an eejit. I am well used to being called an eejit.

6000 is turning into quite the resistance line for the ISEQ, any time we've been in down-draughts, it just doesn't seem to crack the 6000. Today the ISEQ closed up 12 points, having gone close to 6000. Very encouraging.

The ISEQ is down over 100 points today. Very big falls today. Financials are especially under pressure.