Jan 27, 2008
In what could only be described as an outrageous series of events, a single institutional broker's actions last Monday and Tuesday may have triggered an entire world market collapse. Société Générale rushed to unload around $75 billion of bad trades on European stockmarkets placed by a rogue trader, Jérôme Kerviel. These offloads may have contributed to last week's severe decline in European and Asian markets around the world, ...
Jan 24, 2008
Just got back from a week in London and Tokyo, mostly away from watching the markets. I'm sure glad it turned out that way, it simply meant I didnt have to sit through the absolute insanity of watching the market sell off at stupidly low prices only to buy back at higher prices the next day. Also, I didn't have to make any decisions to sell any of ...
Jan 9, 2008
One of my favourite speculative resource stocks on the ASX, Cockatoo Coal (ASK:COK), exhibited some erratic behaviour this week - From a low of 68 cents on 2nd January, it reached a high of $1.135 on 7th January. I'm of the opinion that this event was the result of informed trading. Informed trading, insider trading, illegal trading, feel free to use whatever definition you like. I like the ...
