Michael Michaud is the founder of Invest2Success.com (http://www.invest2success.com/) and the Invest2Success Blog (http://invest2success.blogspot.com/). He has been investing and trading in the financial markets since 1989. He founded Invest2Success.com to empower individual institutional... More
Middle East Market Headlines from Bloomberg: Emerging Stocks Head for Largest Quarterly Loss Since 2008 as Growth Slows. Oman November Oil Price Gains 1.8% as Refiner Demand Rises. Men-Only Election Shows Cash Trumps Votes in Saudi Response to Arab Spring.
Click Here To Watch The Video On How To Maximum Profit on the Short Side It's more proof of what I've been saying for the past 3 years: Volatility is the real “new normal” in the stock market. And the most predictable side of that volatility is the down side. You can either change with the times and get up to 2,000% richer OR get left behind and let the volatility destroy your portfolio. Imagine turning $100 into $5,466 in 31 days... $100 into $6,321 in 46 days... or into $13,600 in 99 days. And turning $2,000 into $82,888... or taking your $7,400 nest egg and exploding it into $226,467 – all in just FOUR MONTHS.
October 02 , 2011 Middle East Stock Market Commentary
We do have some new Middle East stock picks this week, but we still recommend continued caution buying into new long positions with the way the global situation is. Stop-loss recommendation is 8% from your entry point. You can always buy it back at any time. Letting a small loss turn into a big loss is simply foolish.
Bloomberg September 30, 2011 - Oman November Oil Price Gains 1.8% as Refiner Demand Rises
Oman crude’s official selling price for November rose 1.8 percent after refiner demand increased as they prepared to produce more heating fuels ahead of winter.
Oman exports will cost $106.95 a barrel, compared with $105.10 for October cargoes, based on the average of daily futures settlement prices on the Dubai Mercantile Exchange calculated by Bloomberg News. Today’s settlement at 12:30 p.m. Dubai time was $1.11 a barrel, the exchange said in an e-mail.
Open interest in the October Oman futures was 10,531 contracts as of 4:29 p.m. Singapore time, the equivalent of about 10.5 million barrels of crude, or 21 cargoes of 500,000 barrels each, according to data compiled by Bloomberg. That’s down from the 13,826 contracts for the September contract.
Refiners in Northeast Asia boosted their purchases of Middle East crudes to raise their supplies of heating fuels such as kerosene and gasoil before the Northern Hemisphere winter. The surge in buying pushed premiums for grades such as Qatar Marine to 95 cents a barrel, the most since October 2007.
Oman crude for immediate loading decreased 93 cents, or 0.9 percent, to $101.50 a barrel, Bloomberg data showed. Dubai oil for delivery in November fell 0.9 percent to $101.20. Murban dropped 0.9 percent to $105.51.
Oman futures for December delivery hadn’t traded from yesterday’s close of $100.93 a barrel.
The October Brent-Dubai exchange for swaps, which measures the European marker contract against the Persian Gulf grade, widened 23 cents to $4.78 a barrel, according to data from PVM. The exchange for swaps for November gained 5 cents to $3.76.
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Arabian Middle East Stock Market Picks 0 comments
Week of October 02, 2011
Middle East Market Headlines from Bloomberg: Emerging Stocks Head for Largest Quarterly Loss Since 2008 as Growth Slows. Oman November Oil Price Gains 1.8% as Refiner Demand Rises. Men-Only Election Shows Cash Trumps Votes in Saudi Response to Arab Spring.
Click Here To Watch The Video On How To Maximum Profit on the Short Side
It's more proof of what I've been saying for the past 3 years: Volatility is the real “new normal” in the stock market. And the most predictable side of that volatility is the down side. You can either change with the times and get up to 2,000% richer OR get left behind and let the volatility destroy your portfolio. Imagine turning $100 into $5,466 in 31 days... $100 into $6,321 in 46 days... or into $13,600 in 99 days. And turning $2,000 into $82,888... or taking your $7,400 nest egg and exploding it into $226,467 – all in just FOUR MONTHS.
October 02 , 2011 Middle East Stock Market Commentary
We do have some new Middle East stock picks this week, but we still recommend continued caution buying into new long positions with the way the global situation is. Stop-loss recommendation is 8% from your entry point. You can always buy it back at any time. Letting a small loss turn into a big loss is simply foolish.
Middle East Stock Picks
October 02, 2011
Buy Position: Fitaihi Holding Group - Saudi Stock Exchange
PE Ratio 19.94
October 02, 2011
Buy Position: Al Enmaa Real Estate - Kuwait Stock Exchange
PE Ratio 40.60
October 02, 2011
Buy Position: Gulf Bank - Kuwait Stock Exchange
PE Ratio 36.16
October 02, 2011
Buy Position: Samba Financial Group - Saudi Stock Exchange
PE Ratio 9.32
October 02, 2011
Buy Position: Mobile Telecommunications Co. Saudi Arabia - Saudi Stock Exchange
Price to Book Value 1.55
These stocks picks where found using MetaStock Technical and Fundamental Analyzer Trading Software Below
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Middle East GCC Shares Technical Fundamental Data Analysis
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Mad Hedge-Fund Trader John Thomas Free Video on How To Play the Commodities Boom
Bloomberg September 30, 2011 - Oman November Oil Price Gains 1.8% as Refiner Demand Rises
Oman crude’s official selling price for November rose 1.8 percent after refiner demand increased as they prepared to produce more heating fuels ahead of winter.
Oman exports will cost $106.95 a barrel, compared with $105.10 for October cargoes, based on the average of daily futures settlement prices on the Dubai Mercantile Exchange calculated by Bloomberg News. Today’s settlement at 12:30 p.m. Dubai time was $1.11 a barrel, the exchange said in an e-mail.
Open interest in the October Oman futures was 10,531 contracts as of 4:29 p.m. Singapore time, the equivalent of about 10.5 million barrels of crude, or 21 cargoes of 500,000 barrels each, according to data compiled by Bloomberg. That’s down from the 13,826 contracts for the September contract.
Refiners in Northeast Asia boosted their purchases of Middle East crudes to raise their supplies of heating fuels such as kerosene and gasoil before the Northern Hemisphere winter. The surge in buying pushed premiums for grades such as Qatar Marine to 95 cents a barrel, the most since October 2007.
Oman crude for immediate loading decreased 93 cents, or 0.9 percent, to $101.50 a barrel, Bloomberg data showed. Dubai oil for delivery in November fell 0.9 percent to $101.20. Murban dropped 0.9 percent to $105.51.
Oman futures for December delivery hadn’t traded from yesterday’s close of $100.93 a barrel.
The October Brent-Dubai exchange for swaps, which measures the European marker contract against the Persian Gulf grade, widened 23 cents to $4.78 a barrel, according to data from PVM. The exchange for swaps for November gained 5 cents to $3.76.
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Instablogs are blogs which are instantly set up and networked within the Seeking Alpha community. Instablog posts are not selected, edited or screened by Seeking Alpha editors, in contrast to contributors' articles.
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