The markets started the week with varying results, despite the news that credit rating agency Standard & Poor’s outlook for the United States increased from negative to stable. And yet despite the benign unemployment figures last week.
If I back read my columns this year I find myself quite a sourpuss, but given the performance of this year is that more rightly than wrongly been.
ASML short
chart ASML tells me that it is about the fun. The top just above the 65 euros as a rock, but the signals last week came forward to say that we do not go over the coming months.
The trend is pointing down and the momentum has plummeted at full volume. I use a price target of 50 euros for my short positions.
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Aperam short
Aperam seems to get in trouble again. The beginning of this year was characterized for the share by a decline of nearly 12 euros to 8 euros. The trend was then extremely negative, but investors did these plunge from top to mid-April.
The course ran in the spring to nearly 11 euros and the recovery seemed nice. That recovery is the last days come to an end. The share price has plummeted and all signs point to a continued decline.
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Baidu lung
While sifting through my charts I suddenly share Baidu weather. The share is quoted every day a little higher.
the weekend is the limit of the $ 100 broken and that gives me sufficient reason to step in now. Against the trend of the market is able to Baidu higher rates and that is a strong signal.
class=”c19″ src=”http://img.iex.nl/content/2013/columns/SD_1106_Baidu.gif”
Blackberry lung
We must share equally the dust come out, but there is indeed a position Blackberry in my portfolio. At the time I bought the share at the same time with Nokia. Both stocks draw little attention to the overall market sentiment and go their own way.
Nokia and Blackberry have huge parties at which shares are short sitting with huge quantities. If there is an increase, it can go very hard by a short squeeze in the market. This explains the risk-return ratio in favor of the old-tech giants.
There is still a sturdy steed soil zone around $ 13 and as long as the price remains above note there is no reason for panic.
class=”c19″ src=”http://img.iex.nl/content/2013/columns/SD_1106_BB.gif”
At the time of publishing has Duijvestijn positions in ASML, Baidu, Blackbery and Aperam. He may have other positions where not written .
Selwyn Duijvestijn is an active stock market trader and assesses underlying values ??through a unique method of sale dignity and potential return. On BeursBazaar.com investors can subscribe to his free newsletter full of opportunities and pitfalls noted in several markets. For questions, please send an email to info@beursbazaar.com.
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We are also positive on BlackBerry (BBRY) and if the short squeeze is state’s share as $ 20.
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