I selected the shares for this week at "UPS" thread Analysis selection

MYH 25.25p

Volume building up last Friday up to 6 times the usual as seller have dry up last couple days

Bouncing well after a 63% retracement, Indicators rising from oversold position

Last Friday news on the date of Interims on a couple weeks time 30th June. Franchisees are being recruited at an encouraging rate. The 16m acquisition of ChipsAway is worth the same as the whole company now

On expectations of 3 Millions for the Year, this represents a P.E. of under 4 the Shares seems well undervalued for a growth company

Chart for MYH

Morning all. Friday's market reports:

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

Saturday

The Financial Services Authority is to force hedge funds and other investors to disclose "short positions" during a rights issue. The unprecedented move - which the FSA plans to implement in just seven days - was widely criticised by traders, although shares in banks and other companies currently in the middle of fundraisings rose sharply.
FSA clamps down on short selling investors

Oil traders on both sides of the Atlantic gave warning that American efforts to extend US regulation to include the London oil market risked simply channelling the trade offshore to Dubai and Singapore.
Oil traders fear for London's position

Silicon Valley is experimenting with bacteria that have been genetically altered to provide 'renewable petroleum'.
Scientists find bugs that eat waste and excrete petrol

The chancellor, in Japan this weekend for a meeting of G8 finance ministers, will get an official letter from the bank's governor Mervyn King if, as expected, inflation is shown to have strayed more than a percentage point above 2% in May when the figure is released on Tuesday.
Darling expects to hear bad news on inflation

The worst is "still to come" for the UK economy as household spending winds down due to credit shortages and more jobs are shed as a result of record oil prices, a top economist warned today. Karen Ward, UK economist at HSBC, said in an analyst note that spiralling oil prices will lead to a series of knock-on effects for the UK at a time when it is already being rattled by the credit crisis.
HSBC warns of worse to come for UK economy

The embattled property sector faces further gloom with a retail report predicting rents will fall by up to 20pc over the next three years. Shop rents are dropping at their fastest rate in 15 years as the retail sector struggles to cope with the "worst retail market since the early 1990s", the mid-summer report from property consultancy Colliers CRE showed.
High Street rents 'to fall 20pc' over three years

Wildly fluctuating exchange rates, with the pound and the dollar slipping downwards and the euro on the rise, will not obey the presidents and prime ministers sitting around a table in a plush resort on Japan's island of Hokkaido. Nor will the financial markets.
From Indonesia to the US governments stand powerless in face of markets

Reports from demonstrations around the world.
Protests spread as prices soar

America's housing crisis is reaching near-catastrophic levels as the number of people losing their homes and those seriously behind on mortgage payments soared last month. One in almost every 500 American mortgage holders now has either lost their home or is on the verge of losing it, as the credit crisis claims victims throughout the US.
US housing crisis deepens as foreclosures soar

Sunday

A group of Britain's biggest institutional investors are working on secret plans to provide direct funding to shore up the beleaguered housebuilding sector.
City plots rescue plan for ailing housebuilders

The number of homes built in Britain this year will plunge to its lowest level since 1945 and plummeting construction activity is expected to lead to the loss of 100,000 jobs. The country's most senior housebuilders confirm that completions will be around 100,000, some 70,000 less than last year.
New homes slump worst since 1945

Investors are bracing themselves for a bloody week on Wall Street, with three of America's biggest investment banks, Goldman Sachs, Lehman Brothers and Morgan Stanley, expected to unveil further writedowns totalling as much as $9bn (4.6bn).
Bid talk swirls round Lehman as US banks face music

BRITISH banking giant Barclays is close to raising 4 billion in a placing with some of the worlds biggest sovereign wealth funds.
Barclays looks to Asia to raise 4bn

FINANCE MINISTERS from the G8, meeting in Japan, have warned that soaring food and energy prices mean the global economy faces significant headwinds. However, ahead of a meeting between oil consuming and producing nations in Saudi Arabia next weekend, they were split on the cause of the surge in crude prices to nearly $140 a barrel earlier this month.
G8 split over cause of record oil prices

Saudi Arabia is to boost its oil production by up to half-a-million barrels a day as the world's biggest oil producer becomes increasingly nervous at the political and economic consequences of the current sky-high prices.
G8 warning on slump spurs Saudi oil increase

Monday

Conditions in the money markets remain "stressed", with banks reluctant to lend to each other for longer than a month, the Bank of England has said. In a further sign that recovery from the financial crisis is still at a very early stage, the Bank used its quarterly examination of the markets to warn that many areas are almost frozen, as banks continue to repair their balance sheets.
Bank of England warns that credit crisis far from over as banks hoard cash

Hedge funds have suffered major losses after wrongly betting that market inflation expectations would fall, the Bank of England has said. So significant were the funds bets that they actually distorted the so-called breakevens rate which represents the average level of inflation investors expect over a certain period pushing it up sharply in the months up to May.
Hedge funds badly burnt in inflation expectations bet

Bank of England Governor Mervyn King may have to write four letters of explanation to the Chancellor as the inflation rate stays well above target into 2009, Britain's biggest business lobby group warned, as it slashed its forecast for UK economic growth.
CBI predicts rising inflation and falling growth

Leading housebuilders have blasted the Government for failing to help out the ailing sector amid warnings that just 100,000 new homes will be built this year against the Prime Minister's target of 240,000.
Housing chiefs call for state action

The number of companies being successfully sued in court for non-payment of bills has rocketed in a sign that the economic slowdown and credit crisis are forcing firms to break the law.
Insolvencies 'to rise 20pc' as number of court cases over unpaid bills soars

Retailers in central London bucked the economic gloom last month, boosted by promotions, warm weather and shoppers from the Continent taking advantage of the strong euro.
Strong euro sees retail sales soar by 8.2 per cent in central London

Saudi Arabia has offered to increase oil production, as the worlds biggest oil exporter moves to address global fears that prices are spiralling out of control, it emerged yesterday. The Kingdom, an influential Opec member and a huge force in world oil production, is prepared to raise output by 200,000 barrels a day next month in response to requests from customers, according to Ban Ki-Moon, United Nations Secretary-General.
Saudi Arabia increases oil output after UN pressure

Good morning traders!

In Asia today, the Nikkei was recently up 382.52 points at 14,356.25, while the
Hang Seng index was up 609.09 points at 23,201.39 at midday.

New York's main oil futures contract, light sweet crude for July delivery, was 86
cents lower at $134.00 a barrel.

Happy trading!

G.

NIKKEI 225	AUSTRALIA ASX200	SHANGHAI	HANG SENG

13:30 US Empire Manufacturing June (concensus $63.6B)
18:00 US NAHB Housing Market Index June (concensus 19)

TFN UK calendar and forecasts for todayThomson Financial Europe AM at a glance share guide: Shares up, oil easesTFN economic and business calendar to Friday June 27

Thomson Financial UK at a glance share guide - weekend

Monday: Lehman Brothers results
Tuesday: Goldman Sachs results
Wednesday: Morgan Stanley results

Reuters US Week Ahead

The Monday Press RoundupLondon shares outlook - higher; BoE minutes, CPI data out this week

Thomson Financial UK at a glance share guide

BROKERWATCH Unilever, Cadbury, Danone cut to 'sell' at UBS in sector note

BROKERWATCH Land Securities cut to 'equal-weight' at Lehman Brothers

STOCKWATCH Deutsche Postbank higher on reports Lloyds TSB interested in bid

Tokyo shares close sharply higher, led by exporters on weaker yen

Australian shares close lower on financial sector weakness

UK smallcap opening - Anzon Energy soars on ROC Oil acquisitionUK smallcap opening - Minster Pharma climbs on positive drug test update

STOCKWATCH Barclays jumps at open as investors welcome potential placing newsUK smallcap opening - Geong International gains after bumper FY resultsUK smallcap opening - SCS Upholstery slumps nearly 20 pct on rescue finance blow

UK smallcap opening - Eco City Vehicles up nearly 10 percent on contract win