As readers are no doubt aware, OPEC recently agreed a production cut from its August output of 33.2 mb/d (million barrels per day) to a new target of between 32.5 mb/d to 33.0 mb/d. With OECD oil inventories expected at 3,090 million barrels by the end of this year, the agreed production cut is unlikely…
Focusing on the overall chart pattern can very often be the best way forward with regard to volatile small caps such as Sovereign Mines of Africa. Sovereign Mines of Africa (SMA): Bull flag above previous resistance points towards 1.2p While it may be something of an exaggeration to suggest that in terms of the price…
If only we could all discipline ourselves to only picking on companies with charts like Cloudtag… Cloudtag (CTAG): Technical target as high as 30p Cloudtag has the current honour of being the most followed/trending and just plain loved small cap on the London stock market at the moment. It has achieved multi-bagger status and offered…
I went short Canadian dollars yesterday and, this morning, shorted Japanese yen at 100.78 (i.e. bought it versus USD) on the basis of a Goldman Sachs note. It is astonishing that JPY have held up so long. I bought back my FTSE short since quite a lot of hysteria seemed to have built up by…
The world’s population is forecast to increase from 7.3 billion today to 9.7 billion by 2050. That’s a rise of 33% in just 34 years and this brings a significant challenge. That is how to balance the increased energy needs of a larger population of people with a required reduction in carbon dioxide emissions. Shell…
It is normally the case that director buying or selling is significant as a signal of confidence or woe. We are reminded of this in the aftermath of the latest selling at Plus500. Plus500 (PLUS): Support above 200 day moving average There are a couple of major points of interest regarding the recent history of…
Getting into the second home market is the Holy Grail for baby boomers. Having a buy to let has come easy to them, as they’ve paid off their own mortgages and have had ample income in the decade before retirement to pump money into property. However, it is not just the baby boomers that have…
It may appear to be somewhat churlish looking at an oil & gas explorer on the same day as the latest OPEC meeting in Algiers, but it would appear that the set up at Tullow Oil does merit investigation on a technical basis. Tullow Oil (TLW): Trend channel target at 300p One of the clichés…
I dubbed Wolseley shares an appealing post-Brexit play last June when the share price was 3,781p. I see no reason to alter that fundamental judgement even now that they are 4,244p. The latest annual results suggest that life remains tough at the operational level, with margins scarcely improving. However, outside the US the company has the…
Yesterday evening BBC Radio 4 considered fraud at AIM. Apparently AIM has raised circa £100bn since it kicked off in the mid nineties. Accordingly, one can imagine why its progenitors within the LSE are not much minded to clamp down on fraud. However, unless frauds are stamped on the only eventual effect must be to…
