Wednesday, July 02, 2008

Tropical Disturbance on TASE


Yesterday TASE was closed by a strike, and today stocks are falling like hailstone. Also the dollar is cheaper. It is very hot here and we are navigating through a tropical disturbance. The geometric centre of the cloud eye or the wind/pressure centre is Koor, which is falling 6.5%. Koor has been negotiating its sale and also has signed a credit line with Goldman Sachs for 1.5 Billion dollars to buy shares in cheap European financial institutions. People have been expecting the sale with a nice profit, but Nochi Dankner, Koor's owner, decided for the original alternative. Koor already owns 100 million dollars in a big Swiss bank. In nautical terms,
Position good implies a radius of 30 nautical miles (55 kilometres) or less.

Position fair, a radius of 30 to 60 nautical miles (55 to 110 km) and

Position poor, a radius of greater than 60 nautical miles (110 km).
J´s Position fair.

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