Tuesday, 19 May 2009

BA.... what's the story!

Honing my newfound L2 skills I thought i'd take another look at BAY this morning... why o why they are still moving upwards I can't figure out.....

Normally you would see the smart money coming in now setting a new level of support or resistance for after the results have emerged. I wanted to short these and looking at L2 they are still very much a buy! I'm going to keep watching but maybe these results will shock us all!

On the results front, TEP release first quarter results tomorrow - i am nicely into profit at the moment... about 200 quid up... I'm still targetting 330p for this trade so hopefully another few quid before i cover on this one!

Looking at some new trades in the pipeline, Northern Foods is looking very good and a couple of others on my watchlist... will update further tomorrow around this!

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