With the FTSE still refusing to make any material move to the downside and so confounding the bears (we also put on a short at the 6270 level), even in the face of the most overbought (on a daily RSI basis – see below) measure since May 1997 and now putting 10 up weeks out…
The Monthly graph above shows the stellar performance of Gold over the past 25 years. From lows of under $300, at the start of the millennium, up to the highs above $1,900 posted late last year. This graph is all the more extraordinary as this is on a semi-log scale, which gives percentage gains the…
EDITOR UPDATE – GUESS WHO WERE PUSHING VMWARE (VMW) AS A CONVICTION BUY INTO TODAY’S 17% PRE MARKET FALL..? You guessed it – the Squid!! It seems that everybody’s favourite investment bank – Golden Sacks – lived upto it’s “cute” reputation again last week, selling just under $30m of six-month structured notes tied to the…
BlackRock, the world’s largest asset manager, has joined hallowed company in Prince Alwaleed bin Talal, DST Global and Kleiner Perkins on the list of venture capital investors in the world’s largest micro-blogging company – Twitter. BlackRock acquired a stake of $80m last week, valuing Twitter at some $9bn. Even though the recent IPO activity for…
Cantor Opening Call The FTSE is seen opening up around 5-10 points higher today UK Corporate Announcements National Grid confirms its full year outlook as it sees a continued solid performance British Land details UK occupancy of 97.7% and that 62% of office developments have been pre-let, under offer PZ Cussons announces H1…
FTSE DAILY In the past few weeks we have kept a close eye on the 2012 highs, as these had been a major resistance area, with added importance due to its close proximity with the psychologically important 6,000 level. We can see how the FTSE has pushed through the 6,000 level and through the cluster…
Apple CEO Tim Cook You’re probably all “Apple’d out” now following the blogs on this site, aswell as the literally thousands of comments from other publications this last week. However you slice it though, the results have not been received well with the stock plumbing 52 week lows and, on this occassion, the so called…
The FTSE is now, on a daily basis, the most overbought on the RSI measure (make sure to read this months School Corner in the latest edition of our mag just out for an explanation of ho to interpret this) since May 1997… Not in itself a reason to reverse but another cautionary element to…
A small update just out from Edison Investment Research which concurs with our view of the sector for 2013. Oil and gas stocks failed to keep up with the recovery in equities seen across most other sectors in 2012, driven by both downside commodity price pressure and a less-than-stellar exploration success rate. This leaves an…
South Falkland oil and gas explorer, Borders and Southern (BOR) are up 13.5% to 27p this morning after an operational update RNS giving some extra facts on figures relating to last year’s drilling campaign. The company’s analysis appears to show that its Darwin East discovery is commercial at $65 per barrel and above, the quality…
