Here was our blog on the short position implemented – http://www.spreadbetmagazine.com/blog/2012/9/14/2-sbm-trading-positions-entered.html Target hit, profit banked. Take a look at our record on the About Us page – this year we have achieved over a 95% (that’s right 95%!) success rate on our Calls. We have seeded 3 dedicated “follow me” funds that are managed in…
An RNS this morning by Lonmin, hopefully brings to an end what has bee a violent six-weeks in the NW Province of SA. A strike atthe worlds No. 3 platinum producer has come to an end with a hefty wage settlement that could stir more strife in South Africa’s restive mining sector. The 11-to-22 percent pay…
On an earnings conference call this week, FedEx CEO Fred Smith seems to pour fuel on the fire to the argument that China’s performance isn’t rebounding any time soon, “The locomotive that has driven China’s growth is its export industries. And with the situation in Europe and, to a lesser degree, in North…
For more interesting research & professional Technical Analysis from Cantor Index click here to register for free. UK Corporate Announcements Smiths Group announces full year revenues of £3.04bn just ahead of the forecasts and an operating profit of £407m and states that the economic environment remains uncertain and that pressures on government spending continues Redrow reports a full year…
Kurdistan focused oil explorer Gulf Keystone Petroleum was up 9% today to 252p on reports of the initial ratification of a new export deal between the KRG (Kurdistan Regional Government) and the Iraqi central government, allowing a new oil and gas law to be enacted early next year. Such a law will allow the formalisation…
FTSE DAILY CANDLE Last week we felt that the FTSE was looking solid in the near term trading range, red region, and that the probability looked highest for a continued move to the upper end of this channel. So the moves in the past few days have been largely as expected. What is interesting is…
We suggested a short position in Kazakhyms on Friday. The target was hit this morning and so this completes this trade. We remain short the EURUSD pair with our stop pulled down to 1.3128 and so guaranteing a profit. Additionally we raise our stop on our GBPJPY position to 1.2640. Our opening trade on the…
Kweku Adoboli It looks like UBS’s infamous rogue trader Kweku Adoboli who managed to lose $2.3 billion for the bank after a series of undeclared and bad bets in exchange traded funds, wasn’t only bad at trading in his work life but managed to do the same with his personal money! So much for being…
The RNS out this morning (full text below) provides continued encouragement for Ceres shareholders, key line from an independent expert being – Ceres has the potential for cost leadership in mass manufacturing of cells and stacks. The Company has developed a low-cost manufacturing sequence that can be conducted in a conventional factory environment using simple…
For more interesting research & professional Technical Analysis from Cantor Index click here to register for free. UK Corporate Announcements Debenhams announces it sees a full year pre-tax profit in line with the expectations, and that its strategy is starting to work and that its modernised stores are performing well, and its profit is ahead of last…
