Tuesday, 2 December 2008

High volume breakouts

These are high volume breakouts today

RBS - after US broker Merrill Lynch resumed coverage with a “buy” recommendation and a price target of 93p.

Tesco - Third quarter sales better than expected especiallty in the current market conditions

British Airways - Merger talks with Quantas. Remeber they had been merger talks with Spanish carried Iberia in past.

In normal market conditions these shares would have been a good bet. In current market condition I would say "trade with caution".

BA has been on my watch list when it was 108p. I guess it might be too late now.

There will loads of opportunities to make money when market stabilises....

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