Following on from my posts last week where I stated that I think the Ibex is making an important low, todays opening move to scratch the lows of 2009 is my trigger to go “balls to the wall” long. Am in for a 2-3 weeks swing trade now and looking for a move to…
Q: Will the markets continue to be slowed by the muddy track of the past month, when the investment weather turned less friendly? Or will they regain their footing to reaccelerate in the second half of the year, again confounding the gloom merchants, who keep repeating the looming risks that are both real and well understood?…
Just a little bit of Sunday afternoon food for thought for you all – the chart above is about to give – either we break to the upside or we break to the downside. The size of the wedge dictates a move of 70p so we are either going down to 30p or we…
Yesterdays RNS put out by Simon Fox stating that the company would produce a pre tax profit of “at least” £10m for 2013 (and catching pretty much all analysts who still cover HMV out – the majority predicting losses of upto £10m through 2013) was interesting. If I had a pound every time Mr Fox…
The news that Webush Securities had slapped a price target of $44 per share on the soon to list social networking giant raised a wry smile with me this weekend. I wonder where Wedbush stand in the pecking order of fees to be made out of Facebook? The pricing of Facebook’s shares towards the ‘lower…
Following yesterdays posts where we opined on the implications of the Put:Call ratio making a rare print over 1 (1.1 at its peak) and the deeply oversold status of Spanish equities in particular, it is not surprising to see the Ibex in the vanguard of European equity strength today. With the index scratching against the…
Data provided by CBOE website. http://www.cboe.com/data/IntraDayVol.aspx One of my favourite indicators with regards to providing a lead indicator for a rise in the market, particularly when in an oversold situation, is the so called Put:Call ratio and more specifically, the equity only component. The print today of 1.1 is very rare and almost without fail…
Spanish stocks have endured a 5% swing lower from the open this morning at just over 7100 to 6700 at last look. The chart above is the intraday chart of the Ibex index and shows a large wedge formation that its now probing to the upside just now and so breaking the strong & determined…
With Cable & Wireless shares now trading at a 4.5p discount to the 38p cash offer by Vodafone, the shares are beginning to look interesting, particularly if a long bet is taken with a guaranteed stop 10% away. The odds of the bid not going through look to be less than 20% and so a…
At the current price of $3.73 (US list) Nokia looks to us to be a classic value purchase opportunity on a price to book (tangible), price to cash, yield and also on a contrarian sentiment basis – almost universally negative. Something has to give soon and we wouldn’t bet against Microsoft finally moving to swallow…
