A fair few stocks are starting to edge up again - maybe the start of a recovery or maybe they'll be squashed flat when the dead cat bounces on them.

Post any charts here.

Qualifiers are - recent uptrend (at least one significant higher high and one significant higher low) current price above a rising 50 day MA.

G

Green Shoots
Maybes
Removed after failing
Removed 6/1/09	Removed 6/1/09
Disasters

ps if you cant remember how to post a chart, cut and paste the following, replacing the epic.

<img src="http://charts.moneyam.com/Chart.aspx?Provider=EODIntra& Code=EPIC&Size=700&Skin=BlackBlue&Type=2&Scale=0&Span=MONTH6& MA=&EMA=50;&OVER=&IND=AreaRSI;&XCycle=&XFormat=&Layout=2Line;Default; Price;HisDate&SV=0">

cynic there is a great deal of chatter about countrys rushing to devalue their currencies to enable them to ride out the recession. Does this mean (flash I saved the world) Gordon will order Merv to start buying gold!

Well its nearly 10 years since he sold it at rock bottom prices.

as i am a thicko, please tell me why devaluing your currency helps you through the recession, or is it merely at the cost of billowing and bellowing inflation 2/3 years hence?

I guess the only upside is to make our exports cheaper.

cynic its a short term "sticking plaster" applied by desperate politicians to enable them to fool the (poorly educated) electorate and achieve re-election.

so i take it that the answer was "Yes"

common sense suggests yes, they are " banking" on a sudden increase in interest rates to head off inflation in a year or so.

But for investors there may well be opportunities in buying gold miners if you can identify actual producers with mines in countrys with low political risk/interference. Unfortunately it seems to us most producing goldmines are located in countrys which are politically high risk.

for a tiddler, it might be worth looking at CEY

CEY looks promising but there may well be teething problems with the start up, Egypt has been reasonably politically stable under Mubarak but he is not getting any younger and the ME is still a simmering pot.

nothing in this life is certain except death and taxes

Speaking as an exporter, I have to say that it is a myth that devaluing our currency makes our goods cheaper. It's the bottom line that benefits. If you trade in the U.S. as my company does, you must fix your prices in Dollars. The bottom line benefits from the appreciation of the Dollar against Sterling, although some of your costs are also fixed in Dollars (office, staff, etc).

Yes but because your sterling bottom line benefits you should be able to price more competitively in dollars.

merely as an aside, though we are a UK based company, about 70% of our biz in $ and a further 25% in ...... we have got so fed up with the wild currency wings that we have now opted to account in $

"Speaking as an exporter, I have to say that it is a myth that devaluing our currency makes our goods cheaper. It's the bottom line that benefits."

I heard the same about people exporting to Europe. They don't change their sales price, they just take more, or less, profit.

A bit like dropping VAT by 2.5%. Most small shops have kept the same sales price and are pocketing the grant from our wondrous Government.

TP

Isaacs: depends what business you are in. My business is software products and services -- if we keep changing the prices with reference to our U.S. competition, it just confuses people. They are mostly large concerns with equally large and beaurocratic purchasing departments.

And why would I give away an increase in bottom line profit? It makes up the time we spent at USD2=GBP1

Why given away an increase in bottom line profit? Because at lower prices you get more business and make more profit overall (or in these tough times hang on to business that you might otherwise lose). I agree doesn't work for all businesses but make sense overall for enough business that does increase exports. That said of course there is a time lag for these things to work through and will only make a difference if sterling stays weak for an extended period.

BLZ heading north today.

Both POG and PURE likely winners.

Nice thread Gausie.

As part of a multinational company the fall in sterling means the company can now tender for new business cheaper from its UK plants than those in Germany , France etc and thats where the new business will go in preference to the others.

Problem is it is still cheaper to produce in eastern europe or China.

I find this one very interesting!!!