Tuesday, May 29, 2007

I see short trade with CEZ (BAACEZ)

Earnings calls for czech blue chip stocks is almost over. We had nice beating with Unipetrol but also disappointing for Erste. Trading in following days on czech stock exchange will be influenced mainly by directions in US and Germany.
Czech government is selling 7% shares of energetic company CEZ within one year. Currently state ownership is 67.6%.
From short term technical perspective shares are overbought and there are more downside risks.
You can trade CEZ either in Prague Stock Exchange or also in Frankfurt (WKN:887832).


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