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The Spread Betting Comparison Chart gives insight into the various providers according to the value added services they bring their clients.
Be it market updates, iPhone App's, customers support, technical tools - they judge the providers according to the effort they have put into their offerings. |
| BP Plc shares tipped for 440 by brokers |
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| Written by Will Peters | |
| Tuesday, 02 November 2010 10:55 | |
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Sanford C. Bernstein & Co give their call on the outlook for BP Plc shares in the wake of the companies latest results announcement.
Sanford C. Bernstein & Co have set their target share price on BP at 440, that is only 2% higher than our last quoted price at 431.5. Earlier today BP announced their Q3 results that announced a headline replacement cost profit of $1.8bn despite an additional pre-tax charge of $7.7bn in respect of the Gulf of Mexico spill. Total revenue in the period rose 10% to $74.65bn. The market does appear to have factored in the news already. From a technical perspective the daily technical indicators are bullish and do not show any reversal signs. Our pivot point stands at 418. As long as 418 is not broken down, we favour an upmove with 470 and then 519 as next targets. Alternative a break below 418 would open the way to 397 and to 365. |
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| Last Updated on Tuesday, 02 November 2010 10:57 |
Spread Betting Lessons - Cut out the emotion!
Oh, and also a lesson why the Stop Loss is your Friend !
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Spread betting at a glance
- Spread betting is a financial product that allows retail and professional investors access to the widest possible number and types of exchange traded instruments.
- The spread betting company that you trade through is the market maker, the trader does not actually take ownership of any underlying product. Hence, most jurisdictions do not charge stamp duty on any gains.
- The notion that you don't actually own the product ensures spread betting platforms are able to almost instantaneously execute orders on behalf of their client.
- Spread betting is a leverage product, your money is able to realise you impressive gains as your earnings come in multiples of the actual change in the underlying product that you are trading.
- This is of course where spread betting can also go spectacularly wrong. Losses can be huge, therefore we advise those that are spread betting, or are looking to go into spread betting, to enter each trade with a well thought out strategy. This also means setting a pre-determined stop loss so that losses are cut at a manageable level.
- This website is here to offer more insight into this fascinating trading instrument.