Monday, July 30, 2012 UK Reporting:- Arm Holdings Plc, ARM, (SM), Diageo Plc, DGE, (Pr), Fidessa Group Plc, FDSA, (R), Gem Diamonds Ltd, GEMD, (R), Hiscox Ltd, HSX, (R), Hsbc Holdings Plc, HSBA, (R), Hsbc Holdings Plc, HSBA, e, (CC), Keller Group Plc, KLR, e, (CC), Keller Group Plc, KLR, (R), National Grid Plc, NG,…
One of the main causes of the UK recession is, ironically, our attempt to prevent a depression. By lowering interest rates we have stopped the property bubble from being pricked. Thus people are paying the low interest rates on their mortgages and not selling their houses. Lack of supply means that pent-up demand coupled with low building rates is…
August is always a tricky time in the markets. Normally in August volumes drop right off as traders and investors are busy enjoying more exciting things than staring at computers. However, the last few years have been anything but normal. The quixotic state of the world economy and very shaky base of the Eurozone has…
Finally, some years later and after much pain has been inflicted upon the Eurozone, someone finally spoke with conviction on the Euro and the monetary area. Mario Draghi, at a London conference, said the ECB will do “whatever it takes” to save the Euro and has ignited an explosive rally in equity markets and sharp…
What a difference a week makes! This time last week I was up about 10%, I could have, should have, taken profits and stopped for the rest of the month (wonderful concept of hindsight eh?). The strategies that I were using were doing really well, every signal was producing the desired effect and I was…
This week our trading calls have begun to really motor with the following positions putting good profits on the table, in particular with our Italian equities call (a rare thing for many in this current environment) – 5. Ibex 35. Trading Buy @ 5903 – Jul 23 2012. Closed @ 6190 – Jul 23 2012…
See chart below that looks increasingly constructive for our Bumi Trading Buy call earlier in the week. A decisive break of 320-330p will take us swiftly towards the 400p threshold. Keep buying
Red Emperor Resources, Range Resources and Horn Petroleum today announced a further update from the Shabeel North Well in Puntland, Somalia. With a follow up to the recent “water not oil” announcement (!) which sent the shares plummeting, the well reached a depth of 2,200 meters with the logging indicating “that the most prospective looking…
FaceBook shares fell 8.5% in the regular trading session yesterday to $26.85, following game developer Zynga’s disappointing earnings which sent their shares down 38% (Zynga produces games for the FaceBook platform). Then came FB’s earnings report after Wall’s Street close and the shares tumbled another 11% to $23.97, an all time low after failing to…
