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…
I hope the pic above does not signify the feelings of any of our readers today – if it does then please re-read the school corner from our Feb/March issue all about leverage – http://issuu.com/spreadbetmagazine/docs/v03 (Page 18) Always, always, always maintain a 30% free cash to equity in your account and when bargains like today are…
There was some respite in the stock market falls on Wall Street last night with the US indices coming back from their lows late in the session. The Dow Industrials fell 76 points to 12,932 after dropping close to 200 points at one stage on fears about the exit of Greece from the Eurozone. The…
From last months magazine we opined upon the potential retracement levels in the FTSE & S&P 500… Both duly hit today. “S&P 500 – With the MACD lines now also rolling over and the index recently piercing the 20 day moving average to the downside, and not having touched the 50 day since December of last…
I’ve been adding some choice AIM oil and gas stocks to my account today….Chariot, Bowleven, Gulf Keystone. For a medium term view plenty of value to be had for those with patience. When everyone else is selling, particularly on forced margin selling, this is the time to be buying. Its a blood bath out there…
A sobering chart if ever I saw one… Pity the poor Greek private sector pension funds and buy and hold merchants…. Anyone for a Greek island holiday this year (particularly when the Drachma refloats with a 60% drop against the pound….)?
From todays CNN site – “It’s hard to find a stock that is hated more on Wall Street — and, for that matter, on Bay Street in Toronto — than Research in Motion. Shares of the Waterloo, Ontario-based maker of the BlackBerry phone and PlayBook tablet are down nearly 20% this year. That follows a…
