Trading is all about probability. If we want a good chance of succeeding then we need to take opportunities that offer as many elements as possible to help us succeed. This is why I tend to trade indices in preference to companies, and big companies in preference to small companies. Liquidity is our friend for…
Market Position: Sterling / Dollar below $1.4350 Risks $1.40 Again Cairn Energy (CNE): 235p 2015 Price Channel Target It has been the case for quite some time that Cairn Energy shares have been on my radar as a possible extended bullish situation. Unfortunately, for much of the past year and a half conditions for this…
Market Position: Euro/Dollar Likely Top towards $1.1050 Antofagasta (ANTO): Initial 200 Day Line Bull Trap It may be said without fear of contradiction, that the stocks which have been hauled in today are very much the more difficult of their respective classes. In the case of Antofagasta we are looking at a situation where we…
Investing is not another science. It is not physics where actions can cause pre-determinable reactions. Some people would like to persuade you that it is; but they are wrong. If you wish to compare it to anything, it is more like tracking in a great wilderness of possibilities. There are fundamentals and market sentiment! Occasionally…
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Pantheon (PANR) have raised $25m at 115p. This looks fairly bullish to me since there has been quite a short position awaiting this event. Now 130p. ***** I got hold of David Cowen the FD of Molins (MLIN) and he very kindly let me have the only two circulars pursuant to MLIN’s results for the year ended 31st…
It’s easy to focus on the same markets all the time and forget to look for opportunities elsewhere. Screening is a useful tool that’s available through most charting packages and online services, but you still may miss some big ones. Nothing beats having an actual browse from time to time. So here are some places…
Sterling may fall to parity with euro declared a header in the Daily Mail City pages last week[i]. It was one of many stories reporting the warnings of the throng of professional Jeremiahs unleashed by the government-orchestrated IN campaign. Apparently, the gnomes (“strategists”) at UBS had spoken. Other queer fish at Goldman Sachs, HSBC and…
Niki Adams of the Collective of English Prostitutes and self-declaredly a prostitute appeared on C4 news last Friday evening arguing for legalisation of the “game”. Sadly, the conduct of C4’s enquiry was so fast and superficial that the value of this piece was largely lost. But, increasingly, there seems to me to be a strong…
Market Position: Break of $35 Opens Up $43 on WTI Crude Berkeley Group (BKG): Questioning the Bull Argument? While of course on a fundamental perspective it can be said that the housing market and housebuilders are supposed to be a one way bet, housebuilders shares are not looking so sprightly. The latest developments here on…
