Tag Archives: bear market

Should we sell short JPM?

Posted on November 30, 2008 by Ramki

David has added JPM to his short watch list, and has asked what I thought. On 18 Nov, this stock had closed at $32.14. On 21 Nov, it posted a low of 19.69, a loss of nearly 39% in 3 sessions! And just four days later, it has traded at 31.93, a gain of 62%. Wow! After such incredible moves from a giant in the banking industry, one need to look carefully before taking a position. Continue reading →

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Euro rally is still a bear market correction

Posted on November 26, 2008 by Ramki

The EUR/USD rally that we are currently witnessing is capable of going back above 1.3200, but I would urge caution above 1.3215 Continue reading →

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Dubai Index

Posted on November 11, 2008 by Ramki

On 15th October, when Dubai was trading at 3427 I warned that we could see 2760 if it started to come off quickly. Today it reached 2343, and a lot of investors are worried. Continue reading →

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Next dip in Sterling is a buy!

Posted on October 22, 2008 by Ramki

The sharp sell-off in GBP/USD this morning was on the back of comments from Bank of England Governor Mr. Mervyn King that the UK was probably entering recession for the first time in 16 years. The high for Sterling yesterday … Continue reading →

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Gold likely to regain some sheen

Posted on October 20, 2008 by Ramki

Well, well. The decline in Gold from $931 down to $771 was quite a surprise to many traders, but you were forewarned of the impending sell-off. However, we are now faced with a situation. The speed of the decline is making me a bit nervous about staying short. Remember the time when it gapped down from around $876? Continue reading →

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Dubai’s main index still weak

Posted on October 15, 2008 by Ramki

Back in January 2008, Dubai’s main stock index, DFMGI, was at 6320. Last week it traded at a low of 2991, a loss of over 50%. Investors have been badly hit. After the regulators announced several concessions and guarantees, we saw a smart rebound that lasted exactly two days. Continue reading →

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