One for the "UPS" could be profitable this week

SEY 2.255p

reason - Large volume last Friday with share price moving higher to the point of short term BREAKOUT.
Good news coming from Kurdistan, and on the Takeover front Addax might be a white knight with time.
As oil price again moving north this augurs well for a sale of the US assets to reduce debt.

Intraday Chart

3 month candlestick with volume

3 month

Good morning traders!

In Asia today, the Nikkei was up 79.85 points at 9,847.86, while the Hang Seng
fell 138.27 points at 18,541.26.

Crude oil traded at $67.93 a barrel on Nymex.

Happy Monday!

G.

Morning all. Friday's market reports:

Telegraph
The Times
The Times (Need to know)
FT
The Guardian
The Independent
This is Money

Saturday

The pound tumbled back below $1.60 yesterday, ending a rollercoaster week with a second day of steep losses, as the wave of resignations rocking Gordon Brown's Government put the currency under heavy selling pressure.
Pound slides as Westminster's woes weigh heavily

Mounting concern about the financial crisis in Latvia spilt over into neighbouring European states yesterday as International Monetary Fund (IMF) and European Union officials negotiated a rescue loan with government officials in Riga.
Latvia pressed to push through budget cuts to safeguard neighbours

Sunday

High street sales fell in the fifth month of the calendar year as shoppers continued to rein in their spending, figures will show this week.
Shoppers scarce on the ground during May

Monday

The turmoil engulfing Gordon Brown's government risks creating a "fiscal crisis" by choking off the political will required to repair Britain's battered public finances, City experts have warned.
Pressure on Gordon Brown increases risk of 'fiscal crisis', experts warn

The controversial US toxic asset clean-up plan has fallen behind schedule and may never be fully implemented due to concerns among potential investors and waning interest from the banks themselves.
Doubts mount over US toxic asset plan

Banks and equity groups are taking over cash-poor companies to recoup the money they once threw at them.
New debt-for-equity deals put lenders in charge as companies struggle to meet repayments

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