Think the retrace was purley trading patterns , and as mentiond, profit tsking being a catalyst for a quik pull back. Dont think it has any political relevance although it was a good point made! I see this testing 25 resistance again by the end of the week if im honest.
The year has started off with a rally, looking at the chart perhaps we moved a bit quick, we've had a bit of profit taking today but I honestly feel we will remain in an uptrend this year. With news to come and possible takeover offers coming our way I've set my target at 40-60p
I would be surprised, all I have to say is noble energy, EDF and premier oil, as for half the men and equipment lets face it equally Argentina have an outdated naval fleet, any aircraft that would not be shot down by the aa equipment would be met with further support vessels, this includes nuclear submarines that can cause devastation, so I would worry any time soon about sp fluctuation, in fact I would think after the vote to stay British I would expect a vote of confidence in Falklands. Dyor gl all.
There is no realistic danger of Argentina "taking away" the falklands. Argentina's military capability is vastly reduced since 1982, and of course they have the lesson of 1982. In 1982 they invaded, thinking that britain would not "fight back". Now, although Britain has a reduced navy etc, the situation for the falklands is quite different. First, instead of a couple of dozen marines on the islands (as in 1982), britain has almost 2000 troops, advanced radar and missile batteries, four modern typhoon jets and an airfirld capable of receiving large transport aircraft and jets. Additionally we have an extremely modern warship and submarines on patrol. We may not have a capability to mobilise a naval task force as in 1982, but we would not need one perhaps. We can fly additional aircraft down and fly in troops as needed, to reinforce the place. It is almost unthinkable that Argentina would be able to successfully invade, and ALMOST as unthinkable that they would try. There have been concerns for international companies that doing business with the falklands could hurt their business in S.America or with "Spanish" companies such as repsol. That is still something of a concern that may put off some potential partners. But when Argentina nationalised Repsol's Argentine assets, they lost the support of a major international oil company, and also the support of Spain. There is also not uniform and unwavering support in S.America for Argentina.....even the most recent action to try and deter/prevent cruise ships from visitng Falklands is hurting the tourism economy in several Argentine and Chilean ports.
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