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Fundamentals drive the bus.
TA shows you the bus stops.
Whether the bus will drive on or reverse at a stop no one knows .
out today 366
GL
Glad to see the number of cars affected greatly reduced on the original estimates.
Your printer is cack.
Cheers for that info, going by my chart I would have it at just under 1500 tops.
Potential bull blag, target would be top of rhs blue arrow IF it plays out. If the Financials or Indices turn that will dictate the direction and momentum but as long as no major cack hits the fan tomorrow I 'd have said up towards restored value from the recent drop. Room to go up on the Stoch and RSI though it does look like bearish divergence on the MACD for the last few days which TA wise doesn't bode well for a rise. http://www.screencast.com/t/0s6lIb1Ku4 That would take it pretty much back to where it was and I would guess the event will be forgotten quickly. Unless theres a further pumping of the markets by the Fed or ECB I think the financials rally is about of steam. According to zerohedge yesterday was the lowest trading volume in 10 years. The bots are still bidding the price up it seems. PS Howdy Alexios, hope you're well.
What's most farcical is thinking a debt or insolvency problem can be solved by adding further debt, the maths are basic. The resulting increasing debt as the debt interest repayments grow will only be ultimately resolved by either being written off ( sovereign and bank defaults ) or decades of taxing to the hilt and austerity with strangled growth. The markets want to know their money is safe and are demanding backing, politicians only follow, there will be no printing of Eurobonds until the market demands it by crashing, the options are shrinking, everything so far has been talk of what will be done when Spain for example asks for a bailout, wait until that bailout has to be actually financed and see what happens. Anyway, I'm a TA-er so really I should just be ignoring all this but right now the charts don't say buy either for any of the FTSE stocks I monitor unfortunately
Er sure, whatever you say Guv
Farce, crisis, Euro breakup, Sovereign default, terminology's not important.
http://uk.reuters.com/article/2012/08/11/uk-standardchartered-iran-settlement-idUKBRE87916Z20120811 Highlights division Stateside that caused this jumping the gun by Lawsky. Can't see this holding the bank back too long. If I was an investor I'd have kept hold of mine but I'm still to fearful of the European crisis destroying my pension fund so I'm only hit and running, GL All.
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I got stopped out today at 1146 so no longer holding. Iif the outcome of these negotiations is good could be game on. Gl All http://uk.reuters.com/article/2012/08/10/uk-standardchartered-iran-settlement-idUKBRE87916Z20120810
Adios amigos & GL.
http://www.guardian.co.uk/business/2012/aug/08/standard-chartered-chief-defends-bank
Forgot to post the link http://uk.reuters.com/article/2012/08/07/uk-standardchartered-iran-idUKBRE8750VR20120807
something along these lines transpired. Lawsky was investigating away as he had been for a couple of years when suddenly he came upon the email from one of the banks then directors in 2006 "You f---ing Americans. Who are you to tell us, the rest of the world, that we're not going to deal with Iranians." Well that just about did it for ole Lawsky, nobody but nobody was going to diss the U S of god-dam A. So it wasn't 250bn but 14 million and was under discussion anyway, makes you wonder about the timing, who knows whats going on in the dirty war eh? Still there is the possibility they do actually suspend their banking licence but I doubt it considering that 4 other banks have already been fined "Barclays Plc, Lloyds Banking Group Plc, Credit Suisse and ING Bank NV have agreed to fines and settlements totalling $1.8 billion, while regulatory filings show that HSBC Holdings Plc is under investigation." Then there's always the matter of cutting of your nose to spite your face, doing everything possible above and below board to prop up the banks and financial sector whilst suspending STAN's licence and send a massive shock wave through the sector?
Agreed, could be further carnage when US opens but over the next couple of days I expect it to settle down after the funds have played it. Obviously a complete punt as things stand as no-one can say where it's going short term.
Bit of a gamble but I'm guessing there won't be any suspension as the worlds banks are unstable enough without adding to the melee. I would imagine that as with libor fiasco, more banks will ultimately be involved and suspensions of banks would cause massive market turmoil which the powers that be can do without unless of course they have more significant financial interests that would benefit from the wounding of STAN. GL all
sorry, same post , charts in correct order http://www.marketwatch.com/video/asset/europes-week-ahead-burberry-carrefour-reports-2011-10-07/4AD0FEEF-E611-4440-A1F2-6259A4C42B2E#!4AD0FEEF-E611-4440-A1F2-6259A4C42B2E Seem to expect strong growth? Will post TA after results to see the effect, at the minute the price seems to have closed just above this horizontal support ( 3 bands define approx range ) with the next resistance being where i extended the channel 2 line in blue as it becomes the next significant resistance at between 1325-1348 were it to hit it this week which I imagine it will if results are good. http://imageshack.us/photo/my-images/42/brby20111009resultsanno.jpg/ MACD, Stoch and RSI are also all heading upward. http://imageshack.us/photo/my-images/442/brby20111009resultsanno.jpg/ Lets see how it goes... I'm not in, not until the Sovereign debt fiasco is resolved but this is a stock that hopefully will be insulated reasonably well against Europena problems as long as those do not in turn significantly affect China. I'll leave the fundamentals to mulledwine who's doing a sterling job. GL