UPDATE (2) 15 FEB – The rap sheet for an inflated market ripe for an out of the blue correction grows ever larger – 2 more charts presented below (note the 2nd chart of the small lag before breakdowns) – UPDATE 15 FEB – After yet another day of no volatility and the market moving…
Below is an excerpt from a piece by Shares Magazine’s contributor Dan Coatsworth that is a stark illustration as to why it is not just “anal”ysts who should be struck out of the industry given the collective value destruction they create (see post below on the Vampire Squid – Goldman Stinks). Here’s what he actually…
SBM’S TAKE (UPDATE 15 FEB) – We might have been wrong on the acquirer re Betfair, but at least out traders nose is still working..! 3 bidders no less interested – this is very positive for shareholders and will mean that there is more likelihood of full value being paid. I also wouldn’t discount just…
Below is the 5 day Heinz chart and needs little explanation… Why oh why does anybody deal with these “people”?! In my opinion they should have been allowed to go the wall back in 2008 as Lehman’s were, but of course the “Goldmanite’s” are everywhere in positions of power… All about looking after vested interests.…
Cable, Weekly From 2009 cable has been in a tightening formation, black lines. Retracement lines calculated from the gains posted in 2009 have proved to be of interest in recent years, particularly the 50% level through 2012, red lines. RSI over this period has stayed above the 40 level, in bull trends the RSI…
14 Feb 2013 Cantor Opening Call The FTSE is seen opening around unchanged on the open today UK Corporate Announcements Rio Tinto announces a wider H2 loss, its largest for 14 years, as it takes a one time charge of $14bn on the value of its aluminium and coal business, but still just ahead…
Below is an excerpt from our Zak Mir & SBM Q1 guide concerning Bowleven (see image below and click on it if you’d like a copy that has a whole load more info) – “Technical overview – Shares of Bowleven have actually been in a mildly rising trend channel on the daily chart since June,…
We have covered Bumi extensively here (see Bumi tab on right) and think it time to take our profit and move on. The stock has hit the price target we set and which is almost exactly at the value of the current transaction on the table. Thank you once more “Mr Market”.
I would hazard a guess as far as the major markets are concerned currently, be they currencies, indices, bonds or commodities, that just about the most difficult amongst them to make a call on at the moment are the precious metals. Ironically, among Gold, Silver and Platinum the difficulties arise for differing reasons… As far…
13 Feb 2013 Cantor Opening Call The FTSE is seen opening at around 6315, AZN, BP and RDSA all going ex div today taking around 17.5 points off the index UK Corporate Announcements Tullow Oil announces 2012 sales gained 2% to $2.3bn with a pre-tax profit of $1.1bn up 4% Reckitt…
