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

Deniscaff, not having a good time is he ?

Careful, Next and John Lewis have both tossed in a couple of very positive grenades so there is some significant spend somewhere in the retail market. Not that only sales matters,new car sales are apparently at their lowest for sometime but the "Motors" sector roars ahead on consolidation and out-soucing services.

I accept that the bulls may be getting tired and I have sold 50% of my holding but I would be wary of taking a very large position in front of a trading up-date all the more so as the MKS story is more than just the front end.

Like MKS , Next was rising steadily throughout the last month or so in spite of the gloom and now has jumped 8% today or 1.20p.

I accept that anything short of very good will justify your reasoning