651 days ago
Clients of OvalX, formerly ETX Capital, have just received an email warning them that the business is being shut down. This is not just in the UK, the owner Monecor, is shutting operations across Europe.
3114 days ago
In this podcast I start with Baby Bear, Graham Neary, and why he is wrong on Fastjet (FJET). The trouble is that he is being too nice. Baby, try to remember that we bears are meant to be complete and utter bastards. I then discuss my own Greek planning woes and those of Minoan (MIN). Then it is onto e-therapeutics (ETX) and today's RNS which stinks to high heaven. This is now an A1 bargepole stock. I then cover Atlas African (AAI), Andalas (ADL) - what price the next placing? - Hague London (HNL) and MX Oil (MXO) again what price its next placing? 0.1p looks about right to me.
3200 days ago
All sorts of crap shares are going up today and some that are not crap but are just insanely overvalued. In a podcast riddled with bad langauge I discuss 88 Energy (88E), Fast Forward (FFWD), Phorm (PHRM), Hornby (HRN) and Glenwick (GWIK) among the risers and among the fallers I look at Auhua Clean (ACE), All Leisure (ALLG), Iofina (IOF), ETherapeutix (ETX), the frauds Jiasen (JSI) and Aquatic Foods (AFG) and finally I ask all the advisors (nomad, broker PR flunkies) to Magnolia (MAGP) just show shabby and dirty they feel today. If I was them I would feel sordid and ashamed. They are all beneath contempt.
3612 days ago
I endorse ETX as a spreadbetter because it allows you to short small caps in a way that other spreadbetting firms do not. I have had a number of folks saying they cannot short Quindell (QPP) with their spreadbetting firms. I have just spoken to ETX where you CAN short Quindell. So, folks SIGN UP HERE & PLACE YOUR BETS AT ONCE.
Then if you make an initial deposit of up to £6,000 to your trading account before close of play today ETX Capital will match this with a sum equivalent of 60% of what you added.
What could be simpler? – you can start right away by apply for an account HERE
* Terms and Conditions are applicable to the promotion, details of which are on the WEBSITE and there are also release criteria applicable to withdrawals.
3991 days ago
I have a bad feeling that it will be me rather than my young apprentice sending a £50 donation to Woodlarks as a result of losing our Christmas spread betting challenge. The force is not with me on this one.
4000 days ago
This is going to shock, horrify and stun you. My seventh trade in my Christmas ETX Trading Challenge with Steve Moore is to buy Aussie oil explorer Range Resources (RRL) at 1.28p at £60 a penny. “What the Castlemaine xxxx” I hear you say, are you not a mega bear?
4000 days ago
Do I think Range Resources (RRL) is overvalued ? Yes. Where are the shares going short term? I am not sure.
Not only are the markets in a fizzy mood making any short dangerous but from what I gather the company might just announce that it is ready to expand its Trinidad operations thanks to a new loan facility and/or it might actually sell its US assets. Either could see the shares spike short term.
Both are ifs not whens and I would certainly not regard this stock as cheap. But I am ahead on this short trade and so why not bank a gain. I am buying back Range to close at 1.356 and so have netted a massive profit of £2.32 on this trade.
That will assist me slight in my little pre-Christmas contest with Steve Moore. Whoever makes the most/loses the least will not send a cheque for £50 to Woodlarks. Any profits either of us make will also go to Woodlarks.
If you want to trade small caps like Range most spreadbetting firms won’t let you do it. ETX will. That is why we have partnered up with them.
4006 days ago
I had never done a spread bet in my life until eight days ago. But I have just completed my fifth trade – selling Cupid (CUP) at £4 a penny at 54p. My stop is set at 64p.
Steve Moore & I have both opened accounts with ETX and been given £50 to trade small cap shares. If we were to trade Forex or indices we could get another £450 free. This is not a special deal for us you too can get your free trades with ETX starting right now.
THIS OFFER HAS BEEN EXTENDED TO DECEMBER 13 SO TO GET YOUR FREE DOSH OPEN YOUR ACCOUNT NOW!
All you need to do to trade is to open an account which you can do in minutes – CLICK HERE
Any profits that I make on my Christmas trading challenge will go to the Woodlarks charity. So far I am afraid to say I am ahead on my Range short but behind on my @UK ( now called Cloudbuy – CBUY) long. So there is no Christmas windfall for Woodlarks. Yet.
Why short Cupid? We have zero earnings visibility here and the recent departure of founder and CEO Bull Dobbie is very odd as Lucian Miers explained here
Anyhow, for me Cupid shares will slump. It is not a matter of if but when.
Most spreadbetters won’t allow you to bet on stocks as small as Cupid. ETX will which is why we teamed up with them.
You can start spreadbetting small caps with ETX right now HERE but to get up £500 free to trade with you need to open an account TODAY
4013 days ago
Well here goes…I had never done a spread bet in my life until yesterday. However, I am challenging Steve Moore to a trading challenge to run until Christmas. And I have just completed my second trade.
4014 days ago
Well here goes…I have never done a spread bet in my life until just now. I am challenging Steve Moore to a trading challenge to run until Christmas. And I am now underway.
We have both opened accounts with ETX and been given £50 to trade small cap shares. If we were to trade Forex or indices we could get another £450 free. This is not a special deal for us you too can get your free trades with ETX starting right now.
All you need to do to trade is to open an account which you can do in minutes – CLICK HERE
My first trade ( using my free £50) was to buy @UK (ATUK) at just over 55p with a 48p stop loss. The Closet Chartist says that the stock is heading to 80p, I like the management – having backed them at c5p a few years ago – and I hope this is a winner.
Any profits that I make on my Christmas trading challenge will go to the Woodlarks charity.
You can start spreadbetting small caps with ETX right now HERE
4022 days ago
We are approached by all sorts of spread-betting firms to partner up with them. After one not so great experience I am very picky about who we deal with. And so I am delighted to say that we have kissed the frogs and without reservation teamed up with ETX.
4034 days ago
We are approached by all sorts of spread-betting firms to partner up with them. After one not so great experience I am very picky about who we deal with. And so I am delighted to say that we have kissed the frogs and without reservation teamed up with ETX.
I have opened an account ( for a Christmas trading challenge with Steve Moore) and you too can do so here
Shareprophets will earn a small percentage of the spread each time you deal with an ETX account opened here so I hope that you do open such an account.
It was pretty much the same deal on offer across the board so why did we pick ETX?
1. They will allow you to spreadbet all the normal bets ( indices, forex, blue-chips, commodities) but almost uniquely they will also allow you to place a bet ( long or short) on small caps with a market cap of as little as £10 million. So you can short like Evil in a way you could not before but also0 place leveraged buy bets on the long tack.
2. ETX is a long established and pukkha firm which won’t be disappearing overnight like some newbies in this market. They are good guys.
3. You get a bonus of up to £500 for just opening an account. Can’t say fairer than that.
I will start my Christmas trading challenge with Steve (any profits we make on that will go to the Woodlarks charity) next week. Spreadbetting is not suitable for everyone, your leverage means that losses are in theory unlimited.
But if you fancy a free bonus for signing up and want to spreadbet small caps I hope that you open an account HERE
Tom Winnifrith
