Following three days of losses on world stock markets, Apple’s disappointing results after the close last night has pressured futures yet again. As flagged previously, the expectation of a new version of the iPhone later has held back sales in this quarter, and the device now accounts for around 2/3 of profits, but the company…
The chart below needs no intro – 10% down in 3 days, oversold, priced for armaggedon and not a bull in town. Yes please! We’ll have some of that. Long Mib @ 12300 – Tgt – 13000 Here’s another interesting chart – right back to the 2009 lows…
Ali Mustafa, Pardip Saini, Paresh Shah, Neten Shah, Bijal Shah, and Truptesh Patel have been convicted of offences relating to insider dealing between 2006 and 2008. Mitesh Shah was acquitted of insider dealing. The defendants will be sentenced on 27 July. The FSA said it was the longest and most complex prosecution it has ever…
Following our succesful swing buy trade yesterday that was closed out for just shy of 300pts profit on the Ibex, we have re-opened a fresh long @ 6000. Put simply, we think the market oversold, overcooked on the bear tack and presently working through a bottoming formation (albeit a volatile one).
When (not if in our opinion) the announcement comes regarding a takeover/sale, then I sure hope there ain’t too many Jonny come lates to the short story…
WTI-Brent premium back to over $18 per barrel. The WTI Cushing discount to Brent remained at historically elevated levels of about $20/barrel in early April but, as the month progressed, it narrowed noticeably. At the end of April the discount was $14.8/barrel and for the month averaged $17.2/barrel, against $18.4/barrel in March. The pronounced narrowing of the WTI…
Man group looks to be opening up around 6% this morning on a set of interim results that allay the worst fears over funds under management. Below are the highlights – Funds under management (FUM) at 30 June 2012 of $52.7 billion (31 December 2011: $58.4 billion), reflecting sales of $7.2 billion, redemptions of $9.6…
FTSE 100, Daily, Candle Last week we felt that the FTSE was looking set to find support from the lower end of the trading range, red region, so the price action had been broadly in line, that was until today. Today we can see that once the market was called to open lower, on renewed…
Despite all the market turmoil over the last few days as a result of the fears over Spanish and Italian sovereign debt, all appears well in the world of oil and gas mergers and acquisitions with the announcement of two deals yesterday involving North Sea assets. What’s more they are both at significant premiums for…
Given the events of today in European markets and the continuing worries in both Greece and Spain, we recommend that readers take a look at page 62 of our latest edition (Link – http://issuu.com/spreadbetmagazine/docs/spreadbet-magazine-v7_generic) in which we explore potential scenarios in a break up and how you can position yourself for these potential outcomes… Remember,…
