12th October 2017

This post was written by Zak Mir, a Technical Analyst, Events Host, Presenter, CEO Interviewer and established Market Commentator

All work and no play make life a dull affair, and therefore today’s fayre is delayed by some 24 hours. During  this time Qiagen has started to move. What we were going to say is that the DNA sequencing space the company occupies is clearly of major interest to several parties, with hedge funds and other short term operators (wealth “managers” joining the fray.

As far as Advanced Accelerator Applications is concerned, talk remains that a deal here for $85 a share could be forthcoming by the end of this month. Decent support in the mid $60’s even after attempts at flushing out weak M&A hunters.

Charter Communications is also said to be a hedgies favourite at the moment. It is helped along by the way there is currently a lot going on in its space, with names such as Softbank and Sprint. What one would expect to happen here is the Japanese stepoing up to the plate.

Finally, the latest name to get on the M&A watchlist is Aldermore, one of the newer entrants to the Great British banking cartel which were are too sheeplike to do anything about. The top of a rising March channel at 280p could be achieved on any prompt break of the main 260p resistance.

ald

Disclaimer:

Zakmir.com is a purely journalistic website – Zak Mir is a member of the NUJ. There is no intention here of providing financial advice and absolutely no interest in speculating in the companies mentioned. It is  recommended you seek an independent professional opinion before deciding whether or not to take any action with regard to anything written here.

Zak Mir

Zak Mir

About Me

Zak Mir is a Technical Analyst, Events Host, Presenter, CEO Interviewer and established Market Commentator. Zak presents the daily Bulletin Board Heroes which can be seen here at Share Talk

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