THE TIPSTER February 27, 2011 FTSE 250 house builder Barratt Developments released a statement that sales have been strong since the start of the year, and losses amounted to £4.6m compared to £178m losses last year. The firm has cut its net debt by 11 per cent to £537m. It is forecast to fall to £400m within a few months. [...]
Triangulating what you see in the charts February 27, 2011 PYTHAGORAS and his chums used to worship triangles. They believed that the magic of numbers was the ultimate in human wisdom. Traders might find they will too, once they learn how to spot a triangle pattern forming on their trading charts, since it is one of the most common patterns to develop before a breakout. [...]
FOLLOW THESE TWO TRADING RULES TO WIN February 27, 2011 CONSULTING ANALYST, INTERTRADER WELCOME to this eight-week course on profitable trading. Let’s begin with a recommendation. “Phantom of the Pits” is probably the greatest trading book ever, and it’s available for free online. Authored by Art Simpson, it is an interview with “The Phantom”, an anonymous super-trader from the pits of Chicago. He is rumoured [...]
Energy stocks rally but RBS leads the FTSE downwards February 24, 2011 UNREST in the Middle East and North Africa hit Britain’s top shares again yesterday, though rising crude prices and upbeat comment from oil major BP on its Indian activities lifted energy stocks. The FTSE 100 closed down 3.55 points, or 0.1 per cent, at 5,919.98, pinned just below a seven-month technical support level of 5,920. [...]
Wall St falls again on Libya concerns February 24, 2011 US stocks fell for a third day yesterday as US crude oil prices hovered near $100 (£61.73) a barrel on violence in Libya. Oil’s sharp rise this week has fuelled worries about the effect of energy costs on consumers and business. US crude oil futures were at their highest since late August 2008, as the [...]
The entrepreneur who has found just the ticket February 24, 2011 IAM worried about the Olympics.” Joe Cohen, the founder and CEO of Seatwave, leans forward to explain. “They are capping the cost of all the tickets at face value, which is a stupid idea. It’s simple economics that whenever you have a situation where demand exceeds supply and you have a price cap, a black [...]
UK GRADS ARE NOT MOTIVATED FOR REAL WORK February 24, 2011 FOUNDER AND CEO OF LINKDEX WE’RE on the receiving end of a tidal wave of bad news about the economy. From government debt, to the jobs shortage and rising fuel prices. This, however, doesn’t worry me. What worries me – no, terrifies me – is the way we have, in the last 12 years, managed [...]
FTSE 100 sinks again over fears of Middle East unrest February 23, 2011 POLITICAL turmoil in Libya and the threat of contagion across the Middle East and North Africa sent Britain’s leading shares lower yesterday, testing seven-month technical support levels. The FTSE 100 index was 73.23 points, or 1.2 per cent, lower at 5,923.53, extending its declines to more than 2.5 per cent on the week. London’s blue [...]
US stocks drop on volatile oil prices February 23, 2011 US stocks dropped for a second straight session yesterday as Libya’s violence sent oil prices up briefly to $100 (£61.69) a barrel and tech shares sank, adding credence to calls for a market correction. The Dow Jones industrial average fell 107.01 points, or 0.88 per cent, at 12,105.78. The Standard & Poor’s 500 Index lost [...]
Choppier waters sailed in quest for high returns February 23, 2011 WITH the UK equity income sector underperforming over recent times, equity funds have struggled to attract the same interest as fixed income funds. However, with the base rate so low, investors are increasingly leaving the safe waters of bond based fixed income funds in favour of the choppier waters of equity income funds, lured by [...]