Following on from my posts last week where I stated that I think the Ibex is making an important low, todays opening move to scratch the lows of 2009 is my trigger to go “balls to the wall” long. Am in for a 2-3 weeks swing trade now and looking for a move to…
Q: Will the markets continue to be slowed by the muddy track of the past month, when the investment weather turned less friendly? Or will they regain their footing to reaccelerate in the second half of the year, again confounding the gloom merchants, who keep repeating the looming risks that are both real and well understood?…
According to newspaper reports in the Kuwait al-Seyassah newspaper, the Kuwaiti national oil company has pulled out of talks with North Sea focused and Canadian TSX/UK AIM listed oil company Ithaca Energy. The company’s RNS in March stated they were in discussion with several bona fide bidders presumably including the Kuwaiti’s. So what now for…
The political landscape dramatically changed in Europe yesterday with a sea change in France following the departure of incumbent centre right President Nicolas Sarcozy to be replaced with socialist François Hollande. Sarcozy is the first French President since Valéry Giscard d’Estaing lost power in 1981 not to serve two consecutive terms illustrating that the sentiment of…
Just a little bit of Sunday afternoon food for thought for you all – the chart above is about to give – either we break to the upside or we break to the downside. The size of the wedge dictates a move of 70p so we are either going down to 30p or we…
Good read from David Einhorn in the Huffington Post (http://www.huffingtonpost.com/mobileweb/david-einhorn/fed-interest-rates_b_1472509.html) Einhorn is one of the great Hedge Fund investors. Wikipedia: David Einhorn (born November 20, 1968), an American hedge fund manager, is the Founder and President of Greenlight Capital, a “long-short value-oriented hedge fund”. He started Greenlight Capital in 1996 with $900,000. Greenlight has generated…
Yesterdays RNS put out by Simon Fox stating that the company would produce a pre tax profit of “at least” £10m for 2013 (and catching pretty much all analysts who still cover HMV out – the majority predicting losses of upto £10m through 2013) was interesting. If I had a pound every time Mr Fox…
The news that Webush Securities had slapped a price target of $44 per share on the soon to list social networking giant raised a wry smile with me this weekend. I wonder where Wedbush stand in the pecking order of fees to be made out of Facebook? The pricing of Facebook’s shares towards the ‘lower…
It was a rough end to the week for the markets following the crucial US non-farm payroll employment data for April. The FTSE 100 ended Friday at 5,655, down 111 on the day and down 2.1% for the week. The index is now only up 1.5% year to date (5,572 start to 2012) The Dow…
After a seven year fight, former MG Rover workers are getting just £3 each following the collapse of the company in 2005, UK’s last major car maker. The management team who bought out the Birmingham based company for £10 in 2000 from BMW, the so called “Phoenix Four’”- John Towers, Nick Stephenson, John Edwards and…
