We just looked at EFUT’s chart, which suggest that for the traders the party is in full swing, but it wouldn’t surprise us if in the next couple of days, parents return and things cool down for a little while. Our dry-shipper, in the mean-time, is hitting resistance. Look at the chart below.
In Februari we […]
Entries from April 2008
DRYS chart points to resistance
April 30th, 2008 · No Comments
Tags: DRYS
eFuture is getting a little ahead of itself
April 30th, 2008 · No Comments
From a fundamental point of view, we would still say all systems go, but from a technical point of view, it’s time to take a little breather one of these days. Let’s look at the chart. You’ll notice below that the RSI is indicating overbought. This could continue a little while longer, so it could […]
Tags: EFUT
Update on our featured stocks
April 30th, 2008 · No Comments
Our puppies are all in a perky mood this morning. Help came from GDP figures, which (in our view), were surprisingly good. The economy grew by an annualized 0.6%, the official word is out, there is no recession, yet. Wow! As a famous Dutch footballer likes to put it, all advantages have disadvantages, however.
Perception is the new reality
April 29th, 2008 · 1 Comment
The situation of the US economy Is pretty bad, and today’s figures add to the gloom, but the markets seem to take it all in their stride. Very curious. Why are the markets holding up?
Tags: The Markets
Socio-economic benefits from PNG’s coming resources boom are unimaginable
April 29th, 2008 · No Comments
Here is an article by columnist Brian Gomez which appeared in pngindustrynews.net on Thursday, 20 March 2008. I reprint it here, as a subscription is necessary. It shows how the world resource boom is having an impact on Papua New Guinea in general, but a couple of conclusions can also be drawn with respect to […]
Tags: IOC
eFuture’s Short Covering?
April 28th, 2008 · No Comments
It is an exciting day for eFuture, that Chinese business software and services company. It looks like we made a timely call last week, when we advised to buy when it was below $14. We actually have a likely explanation for the timing.
Tags: EFUT
Instant gratification on eFuture?
April 28th, 2008 · No Comments
This is quite funny. We wrote about 20 minutes ago that we think EFUT will break it’s 200 day average, “it may be tomorrow, it may be in a couple of months, but the fundamentals are just too good.” The only thing we didn’t take into consideration is that it might be happening today, but […]
Tags: EFUT
eFuture’s bright future
April 28th, 2008 · 1 Comment
We have covered a little bit already of why we think this Chinese Supply Chain Management (SCM) software maker is a pretty good buy at these levels. However, we’re not entirely without reservations.
The reservations have to do with how the stock price behaves. We have been following this company for months already, and it seems […]
Tags: EFUT
Managing the asset markets? Part I
April 28th, 2008 · 3 Comments
One of the pillars of the ‘new economy’ thesis, popular at the beginning of this decade, was that the traditional business cycle would be flattened and the economy could grow faster without producing inflationary pressures, so central banks did not have to put on the brakes.
Mentioning the ‘new economy’ will meet lots of laughter these […]
Tags: The Markets
Looking for cheap stocks in an expensive market III
April 27th, 2008 · 1 Comment
Here is something we wrote yesterday:
Banks don’t trust one another because risk has been put in a blender and distributed as confetti to all of them, making a proper assessment near impossible. That leaves the central bank, and boy, they have worked the liquidity card ad nauseam, shoveling enormous quantities down the throats of banks […]
Tags: The Markets