The stocks been on quite a tear recently and given our overall bullish leaning on the market, think this is an interesting hedging short to have out based upon the overbought status and susceptibility to a snap back.
Heritage Oil provided further details this morning about its planned rights issue to help fund the 850 million dollar purchase of Royal Dutch Shell PLC’s most prolific oil block in Nigeria aswell as reporting higher oil output during the first half of the year in its dual interim results release. Shoreline which is 45%-owned Heritage, will buy…
We exited our Lonmin trading call at the open today for a useful (pre geared) 10% return in just over 2 weeks & so completing almost a 100% strike rate on our Trading Calls this last 6 weeks. Lonmin 10 day chart (hourly) Take a look at our record on the About Us page. We…
The much maligned Blackberry maker Research in Motion actually could in fact be a very interesting target for Baidu, certainly if the “Chinese Google” were to follow the same strategy that led to Google buying Motorola Mobility not so long ago. Buying RIM would allow Baidu and China to gain valuable technology and patents,…
The above headline this weekend stood out like a beacon on a dark night to me. In an environment of constant negative economic headlines emanating out of Europe and the UK, it is worth re-visiting the resolutely bullish stance we have taken at this magazine in recent weeks and check once more the underpinnings of…
Monday, August 6, 2012 UK Reporting:- Catlin Group Ltd, CGL, e, (CC), Catlin Group Ltd, CGL, (R), Easyjet Plc, EZJ, (R), Morgan Sindall Group Plc, MGNS, (R), Telecity Group Plc, TCY, e, (CC), Telecity Group Plc, TCY, (R) S&P 500 Reporting:- AES Corp/The, Q2, 0.272, Berkshire Hathaway Inc, Q2, 1776.64, Boston Properties Inc, Q2, 1.243, CF Industries…
Conor Foley CEO of Worldspreads days before the collapse From this mornings Telegraph – not pretty reading for the former ‘Directors’ of Worldspreads:- The creditors of WorldSpreads are set to pursue the former directors and advisers to recoup some of the money from the failed spread betting company, which was placed into special administration in…
A terrible end to July and then a whippy start to August. If I was to summarise July in one word, it would be “wasted”. So in order to make a bad month good (!) I need to make good my wasted opportunities of which I will detail below – Looking back across my trading diary, if…
UPDATE – $22 JUST HIT. That’s our trading boots hung up for this week. Hope you all managed to turn a profit! Hold tight for $22.
