I have been asked by a reader on my opinion on the price action of Magnolia Petroleum (MAGP), rather intriguingly, with the added comment that they believe the stock is a “manipulated market”. While such an accusation may or may not be true, it can be said that anyone waiting for a return to the…
When it comes to buying stocks, one question I am often asked is: what is one of the most overlooked factors that investors miss? While some people might create an investment strategy for buying stocks based on valuation or growth levels, one common variable that is crucial for long-term success for any investment strategy is…
Gold prices have bounced back, jumping above $1,350 an ounce; but I contend that the advance will not be sustainable as the metal remains in a bear market. The problem we are seeing is that the mining sector is under duress, especially the junior miners who are struggling to maintain costs while gold prices and…
Labor Day is coming up. On September 2, the North American key stock indices will be closed for business—no trading will take place. Not only will it mark the end of summer, but it will also be the last long weekend before the Thanksgiving weekend in November. That said, one question comes to mind: why…
Hugh Hendry is one of the few fund managers we really respect here at Spreadbet Magazine. A man of considerable intellect and the ability to see through markets and what is on the other side of the horizon (the only real way to make money on a sustained basis). As such, his insights in to…
Emini S&P Sep13 continued higher as expected to hit the target of 1668/69. We predicted a high for the day to exit longs & try shorts & this trade worked perfectly as we sold off to our 1652/51 level. The short term outlook remains negative so we look for 1649/48 & possibly as far as 1646/45. A low…
By Ben Turney I’m hard pressed to think of a company, which has attracted more negative headlines over the last few years than BP. Admittedly much of this is deserved after the woeful operational failings, which led to the Deepwater Horizon disaster in 2010, but the recent coverage has been increasingly dramatic. And as such…
US markets sank yesterday on a subdued UK bank holiday after US Secretary State John Kerry said the president will hold Syria’s government accountable for using chemical weapons. Investors dumped shares, sending the markets lower on light volume on concerns the US was inching towards possible military action against Syria. The negativity will continue into…
Ol Caaawky seemingly trying to get his “point” across..! UPDATE – 26 AUG – SUPRISE, SURPRISE, WE ARE STILL WAITING FOR THE GREAT MAN’S EMAIL..! It seems our old “friend” Mr Cawkwell believes we defamed him in reporting that rumours were circulating that he was long Sefton and that we also highlighted what we believe…
It is probably just as well that the taxi that was to take me to CNBC on Friday did not arrive on time given the new macro revelations I was about to make. They are very topical in terms of this week’s financial news headlines, over and above the way that the annual Jackson Hole…
