i'm buying on the blips

Greeek elections announced for 17 June, so retreat inevitable.

.

I did ask Ian top put a chart in the header of the other, more current thread - no mind.


And here they are :-

.

This thread with the header to be OK.
DLAR seems to be the silver lining amidst volatility these days.
This blog item, posted, a week earlier thAn the
Reuters report, says the same.`Should return to 1000+ before prelims.
Spain, I imagine, would have pesetas printed by Oberthur if it
came to the crunch:

http://www.ritholtz.com/blog/2012/05/de-la-rue/

Skinny, you have to admit your Drachma notes are far
more attractive than the Euroland ones.

.

Falling FTSE means rising DLAR.
Elementary, my dear Warson...I mean mnam!

.

.

In a nutshell:

http://www.guardian.co.uk/business/2012/may/29/greek-drachma-rumours-banknote-printer

28.2p divi maintained, payable on 2 August.
I think sp might retreat somewhat before Greek election, as
stiill over two weeks to go.

Retracement active now, as I thought an hour ago.

Pundit on Radio 4 Today thought it was way over-bought

I think so, too, and I am not a pundit or a guru.
My short term target would be 968.

Panmure Gordon reiterate; Hold.

Short-term target realised in double quick time.

.

mnam, I am inclined to think, after the low 960s buying
opportunity this morning and the subsequent heavy drop
in the FTSE, it should be heading towards 1000 very soon.
990s on the cards for today, after or even before Wall St opens,
I think!

.

mnam:

Questor/Telegraph said 'Avoid' yesterday and the sp did
declined in the morning. I think DLAR has more going for it
than the article states, but I do agree that it is too
'toppy' now and too late to buy now. Johny come lately
may 'rue' doing so.

http://www.telegraph.co.uk/finance/newsbysector/supportservices/9298723/Questor-share-tip-resist-the-urge-to-buy-a-wad-of-De-La-Rue-shares.html

mnam:

Yesterday, I think, was indicative of where this is now going
very short-term.
For the first time in weeks, it kept pace with the FTSE
when it was rising, then did not retreat when the FTSE fell
back. However, seems to react more to Wall St than FTSE of late.

Good rise this morning too. I think, if it stays at
that level, 1020s again is a distinct possibility.
Looming Greek elections a consideration, of course.