Archive for the ‘Uncategorized’ Category

Well the short ban in the UK did a lot…

Wednesday, January 7th, 2009

I can’t remember the exact day it came into effect but that’s not really important once you’ve seen the graphs. I’ve used september the 20th anyway

Lloyds share price down nearly 60%
http://finance.google.com/finance?chdnp=1&chdd=1&chds=1&chdv=1&chvs=Logarithmic&chdeh=1&chdet=1231286744957&chddm=65919&q=LON:LLOY&ntsp=0

Barclays down nearly 60% too
http://finance.google.co.uk/finance?chdnp=1&chdd=1&chds=1&chdv=1&chvs=Logarithmic&chdeh=1&chdet=1231286882602&chddm=38325&q=LON:BARC&ntsp=0

HSBC down nearly 30%
http://finance.google.co.uk/finance?chdnp=1&chdd=1&chds=1&chdv=1&chvs=Logarithmic&chdeh=1&chdet=1231287011850&chddm=38325&q=LON:HSBA&ntsp=0

RBS down over 75%!
http://finance.google.co.uk/finance?chdnp=1&chdd=1&chds=1&chdv=1&chvs=Logarithmic&chdeh=1&chdet=1231287057025&chddm=38325&q=LON:RBS&ntsp=0

HBOS down nearly 70%
http://finance.google.co.uk/finance?chdnp=1&chdd=1&chds=1&chdv=1&chvs=Logarithmic&chdeh=1&chdet=1231287099893&chddm=38325&q=LON:HBOS&ntsp=0

Well done to the authorities. What do the ignorant naive short whiners have to say now? These people have the mind set that banning shorts means stocks can only go up! Doesn’t look that way to me!

Renesola (LON:SOLA / NYSE:SOL)

Tuesday, December 30th, 2008

My average is around 109 pence per share now and this baby is going to open at ~170 pence tomorrow. Will probably sell 250 shares and keep 750. I want more of this company :)

I still maintain my short WalMart idea however it’s not risen high enough to get in yet.

Markets seem to be staying up at the moment. I still maintain they will start to drop between xmas and January. I’m wondering if people are covering shorts for tax reasons? I’m not completely sure on how things work in the USA. I see a lot of people saying “I sold for tax reasons”, I guess it works the other way around too although shorts aren’t an asset.

Meanwhile on the other side of the pond…

Wednesday, December 24th, 2008

…China are sculpting the worlds largest santa…

http://news.bbc.co.uk/1/hi/world/asia-pacific/7798718.stm