STILL BULLISH....BUT BE READY TO COVER THE LONG POSITIONS SOON

We are investing with the idea that markets will reach new highs FIRST WEEK OF OCTOBER.

However the "futures" liquidation next 18/9 con be quite relevant and can put under pressure the market.

In addition to that look at the gold and the dollar. Dollar weak and Gold over 1000 are important indicators that starts to put some worries to the investors.

Piaggio continue to remain in our shopping list (but we did not buy any share so farand today we will not put any order). De Benedetti continue to raise the interests of the investors.

We are looking to an italian Bank and company based in Bergamo. During the morning we will tell you the names if the market will be positive.





WE INVEST ON TELECOM ITALIA FOR A FINAL TARGET OF 1,5 (medium term)!!! Top pick!


OPEN TRADES
Telecom bought at 1,14. Target price 1,28 .- stop at 1,12

Tenaris bought at 10,15 Target 11,03 . Stop Loss 10,40

PIRELLI bought at 0,32 SL at 0,315 TP 0,35

Eni bought at 16,40 Take Profit at 17,80 stop loss at 16,55

MEDIOLANUM Bought at 4,20 Take Profit at 4,90 stop loss at 4,25

Rcs bought at 1,01 take profit at 1,28 stop loss at 1,05