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…
So far our Dream Oil Explorers portfolio has gone swimmingly. The real outliers in terms of valuation are Ruspetro (which we cover in this months edition of our magazine out this Friday) and Gulfsands Petroleum. Aside from the valuation underpinnings for Gulfsands, we like the chart set up below, where it looks as if there…
Interesting to see Borders & Southern shares rising this morning following the drubbing of recent weeks on analysts re-appraisals of the costs of commercialising their gas find at their Darwin prospect. Although FOGL shareholders are no disappointed that the liquid black stuff was not struck, make no mistake that the presence of strong gas shows…
EDITOR NOTE – There is a very heavy short position in this stock with many spread bet firms refusing new shorts late last week. Additionally, a lot of nervous holders exited on rumours of a duster. In short, the ingredients are there for a short squeeze in FOGL and the first 10 mins of trading…
For more interesting research & professional Technical Analysis from Cantor Index click here to register for free. Monday, September 17, 2012 UK Reporting:- Aberdeen Asset Mgmt Plc, ADN, (SM), Exillon Energy Plc, EXI, (Pr), International Ferro Metals, IFL, (R), Royal Bank Of Scotland Group, RBS, (Pr), Standard Chartered Plc, STAN, (SM) S&P 500 Ex Dividends (gross):- Allegheny Technologies Inc,…
Following the Fed’s announcement of (yet) another round of quantitative easing, global stock markets responded with a resounding “yes, thank you” at the end of last week. The chart below shows the S&P 500 since September 2008 and the yellow areas mark the beginning to end of the prior quantitative easing programs. Even though two…
Peter Cumming, formerly of HBOS It is very lucky today that I am going to work early enough to avoid breakfast, otherwise on reading the paper I may have choked on this from the Telegraph: “In a statement Mr Cummings said he rejected the FSA’s findings but would not be appealing the fine. He said: “Many…
