In last 6 weeks, market have risen more than 25%. There is still debate about where this is a bull market or whether this is a bear market rally. People who got in early in this rally have made some heatlthy profits. Miners and finance sectors have seen the biggest gain.
There is still some steam in this market. However some correction might be around the corner which is good for this rally. Some correctin will help for the next leg of rally...
Sunday, 10 May 2009
Thursday, 26 March 2009
M&A SAATCHI
Earnings breakout.
Advertising agency M&C Saatchi posted an annual profit of £14.1m, up 14% from the year before and said trading for the first three months of 2009 was in line with company expectations.
Advertising agency M&C Saatchi posted an annual profit of £14.1m, up 14% from the year before and said trading for the first three months of 2009 was in line with company expectations.
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.
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.
Thursday, 5 February 2009
British Gas - Earnings Breakout
British Gas had a high volume breakout of more 10% on good earnings report. This could be a good buy if there is follow through...
Mothercare - Earnings breakout
This share has rallied 40% in 3 months on earnings breakout. This is the kind of breakouts we should be looking for. Look at the smooth curve. It seems after a pause it starting its second leg up.
Wednesday, 21 January 2009
Autonomy and Wynnstay
Search software specialist Autonomy made a strong finish to 2008, despite facing currency headwinds. Fourth quarter revenues rose to $145.4m from $111.1m in the fourth quarter of 2007, making full-year revenues $503.2m, versus $343.4m the year before. Profit before tax in the fourth quarter more than doubled to a record $70.5m from $32.9m, while full-year pre-tax profit jumped to $185.7m from $91.5m.
Welsh agricultural products supplier Wynnstay posted a 61% surge in pre-tax profit for the year ended 31 October 2008 after 'very strong trading' across its agricultural and retail activities. Pre-tax profit rose to £5.22m from £3.25m in the period on revenues that increased by 49% to £234.6m. Agricultural business revenue increased 52% and operating profit up 112%, while specialist retail arm rose 42% with operating profit rising 45%.
Welsh agricultural products supplier Wynnstay posted a 61% surge in pre-tax profit for the year ended 31 October 2008 after 'very strong trading' across its agricultural and retail activities. Pre-tax profit rose to £5.22m from £3.25m in the period on revenues that increased by 49% to £234.6m. Agricultural business revenue increased 52% and operating profit up 112%, while specialist retail arm rose 42% with operating profit rising 45%.
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