Santa Claus update

Bookham continues to fall with no real floor in sight. It dos not help that the CEO has retired due to i'll health. But this is still a good stock and once Nasdaq volatility settles down and investors begin to bargain hunt these TMT w could see BHM rising to around the £14.00 mark.

Justin Alquart-Stewart of Barclays stockbrokers aired a cautious warning today saying that we may be in for some false rallies this half of the year with an ever slowing US economy. But the good news is that there will be a soft landing and soon to see interest rates falling with interest rate sesitive industries such as IT and banking coming back in fasion.

Ciao

M