Thursday 26 March 2009

Long and Short

Looking at the high volume breakout today, AQP and ENRC look convincing. Miners rallied on back of news from Rio that metal will rally in second half this year. Rio itself has doubled in last 6 months. These look a good bet for short to medium term.

BARC has trebelled in less than 1 month. Tomorrow's FT carried the headline that BARC will need raising cash soon. Time to short the stock.

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