See our previous blogs on the tab bar on the right but to us, Hoil was, and remains pretty much the cheapest Oil explorer out there and remains firmly in our Dream portfolio. The shares are now almost 40% higher than their pre OML30 suspension price It is encouraging to see the stock back towards…
Our short call at 3510p is making the first signs of coming into play – the stock needs to crack the 3473p to the downside at which point we’d expect to see an acceleration of the momentum, hopefully opening up 3300p early next week and the gap closure – on the weekly chart the RSI…
In 1997, Laszlo Birinyi of Birinyi Associatates announced his top stock picks for the year, including the fledgling Apple Computer Inc. among his five choices. At the time, Apple had a steadily declining market share and was nearing bankruptcy, yet still Birinyi commented that it would turn around because it “has its fans and its…
UPDATE (2) – Balance position closed @ 1340p for a combined profit including the dividend receipt of £1.36 – thank you “Mr Market”! UPDATE – Stop raised to 1247p – just below todays low. PLEASE NOTE – STAN ARE ACTUALLY XD THIS MORNING TO THE TUNE OF 17P (NET) – SO IF YOU FOLLOWED OUR…
Below is the 2 monthlys chart that shows the relentless downtrend of GBPAUD. We opened a swing long trade a week ago @ 1.4900 and today at the 2nd part (and final) of this trade @ 1.4780 to give us an average of 1.4840. Our target is $1.53 over the next few weeks. The RSI…
There have been some decent dividend payments in the FTSE 100 today that is worth around 26 pts on the index (so you need to add this back to get the true move today). Looking at the FTSE relative to the S&P 500 below over the last 10 days I think that a reasonably high…
UK Corporate Announcements Cobham announces an H1 pre-tax profit of £90m from £99m on revenues of £843m from £892m and states it remains positive on the outlook for commercial businesses Quintain states that it has made good progress in reducing gearing Old Mutual announces an H1 net profit of £931m from £738m and an ROE…
Standard Chartered is the third British bank to be the target of the US regulator this summer. After coming through the Great Financial Crisis much better than most other global banking peers, Standard Chartered was well & truly hammered today as investors in the Asia focused bank ran for the exit following a threatening warning…
FTSE 100, Daily, Candle Last week we still felt that the bearish argument had not been entirely won, and that as a result the FTSE was looking vulnerable to some short term profit taking. So the continued strength in recent days, pushing the FTSE 100 up to fresh near term highs, has been more bullish…
In short, reaction overdone. 1st Target 1270p intra-day on 50% of position. End week target – 1400p UPDATE – 2nd and final tranche added @ 1152p.
