ADVFN Morning London Market Report: Wednesday 28 September 2016

28 Sep 2016 @ 11:11

London open: Stocks move higher on oil price gains Stocks in London began the session higher, with investors busy scanning the conflicting headlines coming out of Wednesday’s OPEC meeting in Algeria ahead of a raft of US central bank speakers scheduled for later in the day. As of 0840 BST on Wednesday the FTSE 100 […]


Guardian Stockbrokers Key Economic News Wednesday 28 September 2016

28 Sep 2016 @ 08:50
The key points from today’s economic news, brought to you by Guardian Stockbrokers. UK CBI distributive trade survey’s retail sales balance declined in September The CBI distributive trade survey’s retail sales balance registered a drop to 8.00% in the UK, in September, compared to a level of 9.00% in the prior month. Market anticipation was […]

Buffett and Munger’s Wesco – the start of the transformation

27 Sep 2016 @ 17:12
Just in the nick of time Buffett, Munger and Koeppel took a large proportion of the money devoted to supporting Wesco’s savings and loan business and made it available for investment elsewhere. Some of that money was sent up the ownership chain. Indeed, by early 1982, almost as much as Blue Chip had paid for […]

ADVFN Morning London Market Report: Tuesday 27 September 2016

27 Sep 2016 @ 11:21
London open: Stocks edge higher following US election debate London stocks edged higher on Tuesday as investors digested the outcome of the first US presidential debate, with Hillary Clinton seen to have come out on top versus her rival Donald Trump according to currency and gold markets. As of 0820 BST the FTSE 100 was […]

Guardian Stockbrokers Key Economic News Tuesday 27 September 2016

27 Sep 2016 @ 09:49
The key points from today’s economic news, brought to you by Guardian Stockbrokers. UK BBA mortgage approvals dropped in August BBA mortgage approvals in the UK registered a drop to 37.00 K in August, lower than market expectations of a drop to a level of 37.10 K. BBA mortgage approvals had registered a revised reading […]

Buffett and Munger’s early struggle with Wesco

26 Sep 2016 @ 14:38
Buffett and Munger joined the Wesco board in 1974, while Blue Chip continued to purchase shares – by the end of 1974 it had 64% of Wesco. It wasn’t until 1977 that it held 80%, the limit agreed with Betty Caspers Peters. Wesco performed well, for example, the 80% of its profits after tax attributable […]

ADVFN Morning London Market Report: Friday 23 September 2016

26 Sep 2016 @ 11:16
London open: Stocks in the red as investors eye OPEC Stocks in London were weaker at the open, taking their cue from a downbeat session in Asia as investors looked ahead to this week’s OPEC meeting in Algeria and a debate later in the day between Hillary Clinton and Donald Trump. At 0825 BST, the […]

Guardian Stockbrokers Key Economic News Friday 23 September 2016

26 Sep 2016 @ 08:48
The key points from today’s economic news, brought to you by Guardian Stockbrokers. Euro-zone manufacturing PMI climbed unexpectedly in September The flash manufacturing PMI rose unexpectedly to 52.60 in September, in the Euro-zone, compared to a level of 51.70 in the previous month. Market expectation was for the manufacturing PMI to ease to 51.50. Euro-zone […]

Warren Buffett’s takeover of Wesco Financial

24 Sep 2016 @ 08:07
To stop the directors of Wesco giving away too much of the company to shareholders of Santa Barbara savings and loans Buffett and Munger came up with a two-pronged strategy. First, Blue Chip needed to increase its voting rights. It bought more shares, paying up to $17, until it had 17% (The regulators prevented an […]

Warren Buffett’s investment in Wesco Financial

23 Sep 2016 @ 14:55
(All the earlier Newsletters on the Buffett investment journey are available – just search under “Buffett”) The Wesco story is most interesting, not for the subsequent success of the original business, but for the clever things that Buffett and Charlie Munger did with the resources held within the firm over the following 30 years outside […]


Gulf Keystone – a Trap for Pig-headed Buyers

07 Sep 2016 @ 01:35
Gulf Keystone shares (LSE:GKP) are a trap for pig-headed buyers, who would continue to suffer as they hold onto their investment, which is bound to become worthless over time. Only sellers can make something meaningful out of this market. Price is below the EMA 21 and the Williams’ % Range period 20 is in the […]

Monthly Technical Reviews on Gold, Silver and Bitcoin (September 2016)

01 Sep 2016 @ 15:41
GOLD (XAUUSD) Dominant Bias: Bearish Gold generally consolidated from August 1 to 19, 2016; and then began moving south perpetually. The southwards movement was significant enough to have brought about a bearish bias on the market. Price has gone down 3500 pips since August 22, making it illogical to seek short trades right now. Further […]

Global Energy Development: BUY

25 Aug 2016 @ 00:47
Global Energy Development stock (LSE:GED) has started going upwards, and this has led to a bullish signal in the chart, which would hold out for the next several months. From March till the end of July 2016, price was coming down, but things have changed right now. Price is above the EMA 21 and the […]

88 Energy: Plenty to ponder in the interim results

22 Aug 2016 @ 21:17
88 Energy (LSE:88E) announced keenly-read interim results on Monday morning. While it’s hard to put a value on the shares at the company’s current stage of development, there are clear milestones ahead for future changes in valuation. For anyone unfamiliar with the business: it has a 77.5% working interest in Project Icewine, on the North […]


Recommended, Top Performing Stock (5): Huttig Building Products

27 Sep 2016 @ 23:25

Huttig Building Products stock (NASDAQ:HBP) is bullish in the long-term, but neutral in the near-term. The market is generally in an uptrend, and so, the current consolidation in the market is just another opportunity for bulls to find some breath before they continue pushing price upwards. Price has gone above the upper Trendline. A movement […]


Recommended, Top Performing Stock (6): Atlassian Corp

27 Sep 2016 @ 23:13
Atlassian Corp shares (NASDAQ:TEAM) are in a bullish mode, and in spite of the perceived volatility in the market. This month, price topped at 35.00 and retraced sharply. However, that resistance level would soon be breached and even exceeded. 4 EMAs are used for this analysis, and they are EMAs 10, 20, 50 and 200. […]

Daily analysis of major pairs for September 26, 2016

26 Sep 2016 @ 01:01
The GBP/USD is bearish in the 4-hour and daily charts. Price declined further last week, in spite of bulls’ opposition, and their footprints can be seen in the chart. On the GBP/USD (as well as other GBP pairs), the outlook is bearish, and therefore, further decline is anticipated, which may take price towards the accumulation […]

Weekly Trading Forecasts on Major Pairs (September 26 - 30, 2016)

24 Sep 2016 @ 11:21
Here’s the market outlook for the week: EURUSD Dominant bias: Bullish EURUSD is bullish in the short-term, but neutral in the long-term. Against the volatility contraction in the higher time-frames, bulls managed to push price above the support line 1.1200. The next targets are around the resistance lines at 1.1250 and 1.1300, which would require […]
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