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">

Have you read the comment from Mr Euro on the Mike / B'share thread: I'm at the front end of blue chip European business, a leading indicator if ever there was one, and things are bad, very bad. I dont want to go overboard but to say big business is suffering is a huge understatement.

Not sure about the higher low on TSCO

Tesco the High St Bank ? see RNS, certainly on a breakout today.

personally, i am very happy that my portfolio overall is probably short, and certainly is if i strip out IEC ..... though ther markets always look 6/12 months forward, i think there is so much bad news in the offing, that it cannot conceivably all have been discounted ...... for instance, even if US car makers get bailed out, as will almost certainly happen, it will be at the cost of huge cuts in their workforce (unions are too strong, but that is another story) and no doubt their suppliers will be told they will only get paid at say 120 days ...... uk unemployment is still rising sharply, and euroland bureaucrats still refuse to own up to the total shit their own empire is in.

the above will do as examples

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