Michael Gable

Get ready to buy the dip in Santos

Sentiment towards Santos has improved a great deal recently. The company has reduced costs and the price of oil seems to have stabilised for now. The interim update in August even managed to beat expectations. We looked at Santos a couple of times in the last few months, noting the bullish nature of the chart. The rally in the last few weeks further confirms our view. It now becomes clear that the stock has much more upside from here and …

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A beginner’s guide to writing covered calls

INTRODUCTION A call option gives the holder the right to buy a security at a certain price (the strike price) by a certain date (the expiry date). Writing (selling) options is a strategy used to protect portfolio’s and also pick up additional income. It is ideal for long term investors who want to protect their shares without selling them. Only 15% of options are exercised and the rest are either closed early or expire worthless. An option is a decaying …

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Xero is about to rally even higher

Xero (XRO) is a chart that we have followed a few times this year and the stock continues to climb. Price action is once again indicating that there from current levels, we should expect even more upside for Xero. It first came to our attention in April when it finally broke through resistance in the mid $19’s. This breakout was on high volume. This means that the stock was likely to go on a run. And go for a run …

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Video: My latest view on the CBA chart

Video: My latest view on the CBA chart Michael Gable is an expert guest commentator for the Finance News Network. This video is dated 25 September 2017. Click on the image below to access the video:   Did you like this video? Share this page on Facebook and Twitter! Sign up to our newsletter. It comes out every week and its free! You can leave your email with us via the form on the right-hand side of this page. Otherwise you can email …

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Transurban (TCL) chart to take the scenic route

There’s a lot to like about Transurban (TCL), but not the way that has traded in the last few days. This begs the question that, despite all the pundits loving it, do we buy it at $12, or can we get it closer to $10? Imagine that, grabbing TCL when it is trading near $10 with a yield of over 5 per cent. Most of the major broking houses believe TCL to have more upside from here. As recently as …

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