Like most European majors, the FTSE had a shocker, doing even...

Like most European majors, the FTSE had a shocker, doing even worse than Japan and the U.S. by the close.

BI(L) was knocked down as featured news included CBA no longer a substantial share holder, which is ironic given CBA's investing record should suggest this was a positive.

By the close, strong upside volume saw the BI(L) price virtually unchanged, remaining one of the best FTSE 100 performers, thus strengthening its claims to remain in the index, which is rebalanced next week. This is even better given today's upbeat head honcho comments apparently didn't make their way to the Old Dart ie. "America to offset any drag on CHEP" http://www.smh.com.au/articles/2002/09/03/1030953437989.html

http://uk.finance.yahoo.com/q?s=bi.l&d=c

http://www.fmlx.com/cgi-bin/QuotesXtra.cgi?cat_idx=648;display_cols=YYNNYYNYYNYY;select_id=0;duri=%2FEquity_Indexes_Member_Companies%2FLondon_Stock_Exchange_%28LSE%29%2FFTSE100%2Fdetail.shtml;sort_by=Percent;x=6;y=6

According to this morning's SG matrix for the most popular BIL call warrant of late, BILWGG should have closed up today on at least 7.5 cents, given the rise in the mother stock. However, traders dumped significantly outside the matrix.

Meanwhile, WOW has recovered nearly all its losses since its report a bit over a week ago.

Tomorrow's another day.

Disclaimer: As before.