News that Facebook’s IPO is oversubscribed will not surprise readers of this blog (see tab to bottom right for our previous piece on Wall Street’s usual IPO shenanigans). It looks like the company will raise at least $10.6bn with the shares priced towards the top end of the $28 – $35 range and so valuing…
The FTSE 100 closed the week up 32 points at 5,576, but down 1.4% on the week. The Dow Jones Industrial Average finished at 12,821 with Dow component J.P. Morgan falling 9.3% after revealing losses of at least $2 billion as a result of trades gone wrong by the so called “London Whale”, Bruno Michel…
And so the curtain is about to be drawn on a miserable week for most investors. As posted throughout this week it looks to us like there has been a margin washout and todays poor price action on Italian bond yield woes is really squeezing the last vestiges of patience out of the remaining market…
Click here for link from www.squaremiledata.com Company Description Ticker SOL% Index Cove Energy PLC Oil & Gas Producers COV 54.01 FA050 INTERNATIONAL POWER PLC Electricity IPR 24.86 F100 TALVIVAARA MINING COMPANY LTD Industrial Metals TALV 24.15 F250 OCADO Food and Drug Retailers OCDO 22.22 F250 WEIR GROUP PLC Industrial engineering WEIR 20.40 F100 FERREXPO PLC…
Jerome Kerviel, Societe Generale, $7 billion loss Bruno Michel Iksil, JP Morgan, $2.3 billion loss Kweku Adoboli UBS, $2.2 billion loss Nick Leeson, Barings, $1.4 billion loss Contrarian Investor UK
Xcite Energy – 94p Bowleven – 74p Northern Petroleum – 74p Gulfsands Petroleum – 111p Heritage Oil – 134p For those traders with a 6 – 12 months perspective (and free margin!) – the opportunity to build a diversified selection of oil explorers given the respective maket caps of many of these company’s relativ to…
JP Morgan Chase shares were last night down some 7% at $38 in after hours trading after a rather uncomfortable conference call between Jamie Dimon and analysts declaring a completely unexpected $2 billion trading losses in synthetic investment vehicles. The culprit was part of the Banks so called proprietary trading desk. The losses were caused…
After months of activity at the Borders and Southern Darwin East well, the Leiv Eiriksson deep water rig has arrived at the Stebbing prospect. The Darwin well was actually spudded on 31st January 2012, but technical issues with the rig meant that the gas condensate discovery was not announced until 23rd April 2012. Stebbing is in…
UPDATE (1) – 8AM – The 4th print in a week of the Put:Call ration in the US equity only data yesterday has only occurred once before in the last 3 years – rigth before the sharp rallies last August off the lows of last August. This ratio has one of the highest success measures I…
Waiting on the first print of the options volume on the CBOE to guide us as to just how much bearish sentiment is entrenched and so in the price and how many people have been washed out today… UPDATE (1) 1.2 on the equity only Put:Call. We are close…. Just need the Greeks to exit…
