Get ready as Facebook shareholders are about to experience another round of pain (see video below). Wall Street refuses to press the “Like” Button on Facebook, and probably for good reason. So far Facebook has gone through two important phases: Phase 1 – The Pump and Dump: Wall Street “BS…
Svetoslav Cobachev has written an interesting post on the medium term prospects of the Euro-Pound (EUR/GBP) pair. His angle is mostly on using Elliott Wave Theory. The use of Elliott Waves is a challenging subject which many traders find difficult to grasp. However, Cobachev explains his targets in a logical…
Traders Alessio Rastani and Kevin Burton discuss the outlook on Gold for the coming weeks and months (see above video). One of the topics discussed was that Gold is looking very choppy at the moment and not attractive environment for traders. Gold has also tested a critical support level around…
Alessio Rastani talks to Spanish Talk Radio and gives his frank views on the Spanish Bailout and the European Crisis. He also expresses a controversial view on the outcome of the financial markets in the weeks ahead. During the interview, the interviewer Steve Gilmour, asks Alessio why he said that…
BBC financial expert Alessio Rastani, the trader who according to one Telegraph article was misquoted as saying “I’m an attention seeker, not a trader” appeared on Swiss Financial Television recently to give his forecast for the major currency markets. This is what the Telegraph had to say about Alessio Rastani…
Facebook (FB) stock is down nearly 33% since the day of its launch on May 18th. On that day I wrote an article in Index Trader Magazine about the curse of web IPOs. But I don’t think there was any need for my warning. The extreme excitement and hype surrounding…
If history repeats itself, then we could expect a temporary bounce in the US Market Indices, and perhaps even a market bottom from here. So far this month, the old saying “Sell in May, and go away” has proven to be a good strategy, with most stock markets down by…
As the 800 pound gorilla of social media marketing, Facebook Inc. (FB), gets its launch today on the NASDAQ, we ask what are the biggest risks with investing in this stock. With a valuation of over $100 billion and an initial price set at $38, the Facebook IPO has been…
There seems to be an overwhelming consensus in the media that Greece could well be leaving the Euro. Even bookmakers are placing high odds on the prospect of a Greek exit.
Research In Motion (RIMM), the makers of Blackberry smartphones, arguably has not found much love with Wall Street. The Street’s favourite still remains to be Apple (AAPL). While Apple’s stock price has almost doubled since April 2011, RIMM has been “bleeding like a pig” and is down by 72%. In…