MARKS & SPENCER (MKS) Very Top Heavy - Short from £4.01p Oct 2005

made1686,

Sell 2 MKS shares and buy a new keyboard. That old one is doing you no favours, mate.

Yotter,

Whilst Mr Green has been interested in buying MKS for years, I don't think he'll be back with another bid. He offered 400p per share because he believed MKS were worth more, or had the potential to be worth more. You don't get to be a billionaire by buying at true value. I think he was miffed everyone didn't just say, "Hurrah for Mr. G, he's our savior, let's accept." That's why I don't think he'll be back. I've been wrong before though, so...

Crontab,

I think you're wrong about 510 being the top. Yes there will be some selling BECAUSE they've hit 500, but it's just a slow down rather than a halt. Where will they stop? My guess is 540/545 in late Feb or early March. Ramp, ramp, but then what difference do I make?

FlatEric,

Wise words. The market sentiment and the trend seem to be against shorting MKS atm. I'd say pretend it doesn't owe you 5p, and you'll probably make a better decision as to when to get back in.

ALL IMO, good luck all.