|
|
|
|
|
Open A Buy Bet In March Sportingbet The Bet: We recommend opening a buy bet in March Sportingbet (Expiry March 19th) at £50 a penny when the quote is standing at 42p - 44p.The target is 70p initially and the stop loss is at 33p for a loss of £550 at our suggested wager. The Fundamental View: Now and again in Topspreadbetting it is worth going for what can only be described as a pure punt, although buying Sportingbet does have technical merits, the fundamental argument relies on rumours doing the rounds that the gaming group could be the subject of a 70p a share takeover. The alleged bidder is Austrian counterpart Bwin, which held ultimately unsucessful talks regarding a takeover in the summer. It may be that second time around the would be suitor is more successful. The Technical View: This bet is just as much a technical one as a fundamental one, perhaps even more so. The reason for saying this is that there has been an ascending price channel in place since July, one with its support line at 42p. Above this on an end of day close stop loss basis the upside should be as great as the price channel top at 62p. The stop loss of 34p is chosen to ensure that we are not dragged out of the bet on any unwanted pre bid volatility.
Conclusion: Open a buy bet in March Sportingbet as takeover talk emerges once more. With t1pspreadbetting, you can be trading within minutes - click here to sign up Spread bets carry a high level of risk so you should only speculate with money you can afford to lose. You can lose more than your initial deposit and stake. Before you open an account, please ensure you familiarise yourself with the risks involved and if necessary seek independent advice. The FTSE Rolling Daily Spread is 1 tick during market hours and 4 ticks out of hours. 1 Tick is defined as a full FTSE point. **Tax Law can change. TopSpreadBets.com is owned by t1ps.com Ltd which is authorised and regulated by the FSA and can be contacted at 5-11 Worship Street, London EC2A 2BH or on 020 7562 3370. Where’s the FTSE going? Bet with 1 tick FTSE Rolling Daily spread at t1pspreadbetting.com. t1pspreadbetting.com offers you some of the tightest spreads around. Trade multiple markets with spread betting from £1 per point. Low margin requirements. And the profits you make from financial spread betting are tax-free.* |
|
