price analysis of CAC40's stocks during the period of earning results

INSIGHT

By observing the variation of stock prices of a company from Day-2 to Day-1 (closing prices), we
either take a buy position (if the variation is positive) or a short position (if the variation is negative).
At Day0, the results are published either in the morning before the Paris Stock Exchange opens, or
after closing of the markets. We separate ourselves from the positions at closing prices of Day+1.

By systematically applying this technique to all the results publications available in 2011 and 2012 of
companies part of the CAC40 index in January 2012, we discovered that we could forecast the
direction of stocks with a 56,66% chance! In 2011, we could forecast the direction of stocks with a
52,28% chance when the CAC had a negative year. In 2012, when the CAC had a positive year, we
could predict the results with a61,22% chance.

Note that the sums of the forecasts’ results in 2011 and 2012are positive.

NEXT STEP

This insight should encourage academics/experts to:

1) Study how stocks on other indexes perform during earnings reporting. Is there a cultural
correlation? An economic correlation? Is there any correlation to sanctions concerning
insider trading per countries?
2) Study the performances much more back in time. Is there a generational syndrome?
3) Use social media monitoring tools such as Radian6 to measure precisely mentions of
companies before publications. Is there a correlation between mentions online preceding
publications online?
4) Analyse more in detailinside buyers. Can they be an indicator of future performances?
5) Observe the regulator’s (Autorité des Marchés Financiers) actions in 2013 and continue to
analyse the variation of stock prices during earnings publications.

We speculate that in the future, we will need to review the transparency of transactions. If
people are taking advantage of insider information, it can potentially put social cohesion in
danger. Indeed, profits with leverage can be considerable if inside trading does exist.

METHODOLOGY

The source of stock prices is Google Finance. We have searched for press releases on the
quarterly/half year/annual results on the website of the CAC40 companies. Some have not been
found.6 variations between D-2 and D-1 are equal to 0. They were not considered for the final
results.

The dates of publications for the following results were not found on the internet website:

- Publicis 2011, 1erquarter
- Publicis 2011, 3èmequarter
- Publicis 2012, 1erquarter
- Publicis 2012, 3èmequarter
- GDF Suez 2011, 1erquarter

- GDF Suez 2012, 3èmequarter

The publication dates for the following results happened on a weekend and so were not taken into
account for the final results:

- Air LiquideAnnual Results 01/10/2011
- PernodAnnual Results 01/10/2011

We hope not to have forgotten anything else. 

2011 :

2012 :

Average :

Results
Forecasts Balance Correct/Wrong 2011 7,00
Number of Forecasts 2011 153
Forecasts Balance Correct/Wrong 2012 33,00
Number of Forecasts 2012 147
Sum of Forecasts Balance Correct/Wrong 40,00
Sum forecastsCorrect/Wrong 300

Company Name Date Position Volatility Correct Position %
Forecast

Accor 23/02/2011 buy -7,10 -1,00 1 -7,10
20/04/2011 buy -1,50 -1,00 1 -1,50
24/08/2011 short 0,35 -1,00 -1 -0,35
18/10/2011 short 2,35 -1,00 -1 -2,35
22/02/2012 buy -0,38 -1,00 1 -0,38
17/04/2012 short 5,36 -1,00 -1 -5,36
29/08/2012 short -3,90 1,00 -1 3,90
16/10/2012 buy -2,16 -1,00 1 -2,16

CréditAgricole 24/02/2011 buy 7,47 1,00 1 7,47
13/05/2011 buy -1,35 -1,00 1 -1,35
25/08/2011 buy 3,38 1,00 1 3,38
10/11/2011 short -2,39 1,00 -1 2,39
23/02/2012 short -2,20 1,00 -1 2,20

11/05/2012 buy -6,57 -1,00 1 -6,57
28/08/2012 buy 0,47 1,00 1 0,47
09/11/2012 short -7,43 1,00 -1 7,43

Alcatel 10/02/2011 buy 27,07 1,00 1 27,07
06/05/2011 buy 1,86 1,00 1 1,86
28/07/2011 short -18,34 1,00 -1 18,34
04/11/2011 buy -23,38 -1,00 1 -
23,38
26/04/2012 buy -18,37 -1,00 1 -
18,37
26/07/2012 short -5,68 1,00 -1 5,68
02/11/2012 buy -3,66 -1,00 1 -3,66

Danone 15/02/2011 buy 3,53 1,00 1 3,53
14/04/2011 buy 3,76 1,00 1 3,76
28/07/2011 short -1,72 1,00 -1 1,72
18/10/2011 short 2,86 -1,00 -1 -2,86
15/02/2012 buy 2,06 1,00 1 2,06
17/04/2012 buy 4,46 1,00 1 4,46
27/07/2012 buy 5,49 1,00 1 5,49
17/10/2012 buy -3,34 -1,00 1 -3,34

Carrefour 13/01/2011 buy 1,13 1,00 1 1,13
14/04/2011 buy -2,67 -1,00 1 -2,67
13/10/2011 buy -3,69 -1,00 1 -3,69
19/01/2012 buy -2,63 -1,00 1 -2,63
11/04/2012 short -0,80 1,00 -1 0,80
12/07/2012 buy 10,15 1,00 1 10,15
11/10/2012 buy 1,50 1,00 1 1,50

Axa 17/02/2011 buy -2,51 -1,00 1 -2,51
05/05/2011 short 1,27 -1,00 -1 -1,27
04/08/2011 short -3,91 1,00 -1 3,91
27/10/2011 short 11,95 -1,00 -1 -
11,95
16/02/2012 buy 0,65 1,00 1 0,65
11/05/2012 buy -4,04 -1,00 1 -4,04
03/08/2012 short 8,04 -1,00 -1 -8,04
25/10/2012 short 1,33 -1,00 -1 -1,33

Vinci 27/01/2011 short -1,16 1,00 -1 1,16
28/04/2011 buy 2,13 1,00 1 2,13
30/08/2011 buy 2,80 1,00 1 2,80
03/11/2011 buy 0,47 1,00 1 0,47
07/02/2012 short 2,22 -1,00 -1 -2,22
26/04/2012 buy 3,73 1,00 1 3,73

31/07/2012 buy -4,74 -1,00 1 -4,74
25/10/2012 buy 0,15 1,00 1 0,15

EADS 09/03/2011 buy -0,30 -1,00 1 -0,30
13/05/2011 buy 3,57 1,00 1 3,57
29/07/2011 short -1,40 1,00 -1 1,40
10/11/2011 short 11,52 -1,00 -1 -
11,52
08/03/2012 buy 12,00 1,00 1 12,00
16/05/2012 buy -0,93 -1,00 1 -0,93
27/07/2012 buy 5,35 1,00 1 5,35
08/11/2012 buy -3,34 -1,00 1 -3,34

EDF 15/02/2011 buy 0,51 -1,00 1 0,51
12/05/2011 buy 2,20 1,00 1 2,20
29/07/2011 buy -5,48 -1,00 1 -5,48
10/11/2011 short 3,84 -1,00 -1 -3,84
16/02/2012 buy 1,12 1,00 1 1,12
10/05/2012 buy 2,14 1,00 1 2,14
31/07/2012 buy 0,84 1,00 1 0,84
13/11/2012 short -5,97 1,00 -1 5,97

Essilor 02/03/2011 buy -1,63 -1,00 1 -1,63
19/04/2011 short 1,97 -1,00 -1 -1,97
26/08/2011 buy -1,43 -1,00 1 -1,43
21/10/2011 short 3,02 -1,00 -1 -3,02
01/03/2012 buy 1,72 1,00 1 1,72
24/04/2012 short 4,51 -1,00 -1 -4,51
31/08/2012 buy -0,03 -1,00 1 -0,03
25/10/2012 buy 0,32 1,00 1 0,32

Bouygues 01/03/2011 buy 2,12 1,00 1 2,12
16/05/2011 short -4,28 1,00 -1 4,28
31/08/2011 buy 13,39 1,00 1 13,39
15/11/2011 buy -2,43 -1,00 1 -2,43
28/02/2012 short -2,25 1,00 -1 2,25
15/05/2012 short -1,13 1,00 -1 1,13
28/08/2012 buy -11,49 -1,00 1 -
11,49
14/11/2012 buy -0,89 -1,00 1 -0,89

Total 11/02/2011 buy -0,41 -1,00 1 -0,41
29/04/2011 buy 0,09 1,00 1 0,09
29/07/2011 short -3,34 1,00 -1 3,34
28/10/2011 buy -3,32 -1,00 1 -3,32
10/02/2012 buy -0,24 -1,00 1 -0,24

27/04/2012 buy -1,21 -1,00 1 -1,21
27/07/2012 buy 3,68 1,00 1 3,68
31/10/2012 buy 0,33 1,00 1 0,33

France Telecom 24/02/2011 short -1,11 1,00 -1 1,11
03/05/2011 buy -0,95 -1,00 1 -0,95
28/07/2011 short 1,48 -1,00 -1 -1,48
27/10/2011 buy 2,29 1,00 1 2,29
22/02/2012 short 1,40 -1,00 -1 -1,40
03/05/2012 short 1,56 -1,00 -1 -1,56
26/07/2012 buy 7,80 1,00 1 7,80
25/10/2012 short -5,26 1,00 -1 5,26

SociétéGénérale 16/02/2011 buy 6,51 1,00 1 6,51
05/05/2011 short -4,83 1,00 -1 4,83
03/08/2011 short -14,77 1,00 -1 14,77
08/11/2011 short 4,00 -1,00 -1 -4,00
16/02/2012 buy 7,33 1,00 1 7,33
03/05/2012 buy -4,05 -1,00 1 -4,05
01/08/2012 short -6,72 1,00 -1 6,72
08/11/2012 buy 0,12 1,00 1 0,12

Safran 24/02/2011 short 0,80 -1,00 -1 -0,80
28/04/2011 short 8,80 -1,00 -1 -8,80
28/07/2011 short 3,53 -1,00 -1 -3,53
24/10/2011 short 3,60 -1,00 -1 -3,60
23/02/2012 short -4,72 1,00 -1 4,72
26/04/2012 buy 6,90 1,00 1 6,90
31/07/2012 buy -0,99 -1,00 1 -0,99
25/10/2012 buy -0,63 -1,00 1 -0,63

Lafarge 18/02/2011 short 1,20 -1,00 -1 -1,20
05/05/2011 short -0,02 1,00 -1 0,02
28/07/2011 short -5,82 1,00 -1 5,82
04/11/2011 buy -2,52 -1,00 1 -2,52
17/02/2012 buy 11,47 1,00 1 11,47
04/05/2012 buy 1,73 1,00 1 1,73
27/07/2012 buy 6,33 1,00 1 6,33
09/11/2012 short -0,31 1,00 -1 0,31

Michelin 11/02/2011 buy 3,43 1,00 1 3,43
21/04/2011 buy 5,18 1,00 1 5,18
29/07/2011 short -8,25 1,00 -1 8,25
26/10/2011 short 5,61 -1,00 -1 -5,61
10/02/2012 buy -2,69 -1,00 1 -2,69

23/04/2012 short 3,39 -1,00 -1 -3,39
27/07/2012 buy 11,39 1,00 1 11,39
22/10/2012 buy 1,85 1,00 1 1,85

L'Oréal 10/02/2011 short -2,99 1,00 -1 2,99
19/04/2011 short 5,03 -1,00 -1 -5,03
12/07/2011 short -4,07 1,00 -1 4,07
07/11/2011 short 0,27 -1,00 -1 -0,27
13/02/2012 short 4,12 -1,00 -1 -4,12
12/04/2012 buy 1,90 1,00 1 1,90
26/07/2012 short 6,77 -1,00 -1 -6,77
06/11/2012 short -2,60 1,00 -1 2,60

PPR 17/02/2011 short 1,94 -1,00 -1 -1,94
27/04/2011 buy 2,24 1,00 1 2,24
29/07/2011 short -1,04 1,00 -1 1,04
26/10/2011 short 4,95 -1,00 -1 -4,95
16/02/2012 buy -3,21 -1,00 1 -3,21
25/04/2012 buy 8,14 1,00 1 8,14
26/07/2012 buy 11,24 1,00 1 11,24
25/10/2012 buy 3,74 1,00 1 3,74

Renault 10/02/2011 short -4,08 1,00 -1 4,08
26/04/2011 buy 6,56 1,00 1 6,56
28/07/2011 short 4,08 -1,00 -1 -4,08
27/10/2011 buy 10,31 1,00 1 10,31
16/02/2012 buy 9,94 1,00 1 9,94
25/04/2012 buy 0,06 1,00 1 0,06
27/07/2012 buy 6,69 1,00 1 6,69
25/10/2012 short -2,69 1,00 -1 2,69

Suez Environ- 09/02/2011 short 3,98 -1,00 -1 -3,98
nement
28/04/2011 buy 4,29 1,00 1 4,29
03/08/2011 short -3,82 1,00 -1 3,82
26/10/2011 short -1,86 1,00 -1 1,86
08/02/2012 short 6,93 -1,00 -1 -6,93
20/04/2012 short -2,13 1,00 -1 2,13
01/08/2012 short -4,47 1,00 -1 4,47
25/10/2012 short 4,04 -1,00 -1 -4,04

Saint Gobain 24/02/2011 short 5,86 -1,00 -1 -5,86
28/04/2011 short -0,77 1,00 -1 0,77
28/07/2011 short -0,22 1,00 -1 0,22
25/10/2011 buy -2,86 -1,00 1 -2,86

16/02/2012 short 5,64 -1,00 -1 -5,64
03/05/2012 buy -0,69 -1,00 1 -0,69
26/07/2012 buy -6,69 -1,00 1 -6,69
25/10/2012 buy 1,68 1,00 1 1,68

Peugeot 09/02/2011 buy -2,88 -1,00 1 -2,88
20/04/2011 buy 7,40 1,00 1 7,40
27/07/2011 short -8,37 1,00 -1 8,37
26/10/2011 short -0,94 1,00 -1 0,94
15/02/2012 short -8,13 1,00 -1 8,13
25/04/2012 buy 1,46 1,00 1 1,46
25/07/2012 short -4,49 1,00 -1 4,49
24/10/2012 short -7,89 1,00 -1 7,89

Veolia 04/03/2011 short -3,57 1,00 -1 3,57
05/05/2011 short 1,94 -1,00 -1 -1,94
04/08/2011 short -22,03 1,00 -1 22,03
21/11/2011 buy -7,18 -1,00 1 -7,18
01/03/2012 buy 20,37 1,00 1 20,37
04/05/2012 short 2,30 -1,00 -1 -2,30
02/08/2012 buy -9,44 -1,00 1 -9,44

Cap Gemini 17/02/2011 buy 7,25 1,00 1 7,25
05/05/2011 short 1,43 -1,00 -1 -1,43
28/07/2011 short -11,30 1,00 -1 11,30
08/11/2011 buy 4,38 1,00 1 4,38
10/05/2012 buy 1,49 1,00 1 1,49
26/07/2012 buy 9,51 1,00 1 9,51
08/11/2012 short -4,10 1,00 -1 4,10

STMicroelectronics 24/01/2011 buy -5,10 -1,00 1 -5,10
04/04/2011 buy 1,93 1,00 1 1,93
20/07/2011 buy 0,79 1,00 1 0,79
19/10/2011 buy -3,95 -1,00 1 -3,95
23/01/2012 short -5,19 1,00 -1 5,19
23/04/2012 short -12,20 1,00 -1 12,20
17/07/2012 short 5,70 -1,00 -1 -5,70

Schneider 17/02/2011 buy 3,58 1,00 1 3,58
20/04/2011 buy 5,01 1,00 1 5,01
29/07/2011 buy -2,59 -1,00 1 -2,59
20/10/2011 short -5,51 1,00 -1 5,51
22/02/2012 short 5,54 -1,00 -1 -5,54
20/04/2012 short -4,89 1,00 -1 4,89
01/08/2012 short 1,02 -1,00 -1 -1,02

25/10/2012 buy -0,76 -1,00 1 -0,76

Technip 17/02/2011 short -1,06 1,00 -1 1,06
28/04/2011 buy -0,90 -1,00 1 -0,90
28/07/2011 short 3,43 -1,00 -1 -3,43
27/10/2011 short 5,59 -1,00 -1 -5,59
16/02/2012 buy 1,46 1,00 1 1,46
26/04/2012 buy -3,05 -1,00 1 -3,05
26/07/2012 buy 3,45 1,00 1 3,45
25/10/2012 buy -1,35 -1,00 1 -1,35

Unibail 09/02/2011 buy 2,21 1,00 1 2,21
26/04/2011 buy 0,68 1,00 1 0,68
20/07/2011 buy 3,22 1,00 1 3,22
28/10/2011 buy -1,37 -1,00 1 -1,37
01/02/2012 short -0,27 1,00 -1 0,27
23/07/2012 buy -0,50 -1,00 1 -0,50
26/10/2012 buy 1,39 1,00 1 1,39

Vivendi 01/03/2011 buy -3,00 -1,00 1 -3,00
12/05/2011 buy -0,05 -1,00 1 -0,05
31/08/2011 buy 6,80 1,00 1 6,80
16/11/2011 short 2,58 -1,00 -1 -2,58
01/03/2012 short -10,92 1,00 -1 10,92
14/05/2012 short -0,78 1,00 -1 0,78
30/08/2012 short 3,18 -1,00 -1 -3,18
13/11/2012 short 6,01 -1,00 -1 -6,01

Vallourec 23/02/2011 short -7,23 1,00 -1 7,23
12/05/2011 short 5,86 -1,00 -1 -5,86
27/07/2011 short -18,66 1,00 -1 18,66
09/11/2011 buy -0,26 -1,00 1 -0,26
22/02/2012 short -5,56 1,00 -1 5,56
10/05/2012 buy -18,82 -1,00 1 -
18,82
26/07/2012 short -3,57 1,00 -1 3,57
07/11/2012 buy 4,24 1,00 1 4,24

ArcelorMittal 08/02/2011 buy 0,92 1,00 1 0,92
11/05/2011 buy -3,52 -1,00 1 -3,52
27/07/2011 short -0,90 1,00 -1 0,90
03/11/2011 buy 1,73 1,00 1 1,73
07/02/2012 short 7,67 -1,00 -1 -7,67
10/05/2012 buy 1,29 1,00 1 1,29
31/10/2012 short -3,76 1,00 -1 3,76

LVMH 04/02/2011 buy -0,43 -1,00 1 -0,43
19/04/2011 buy 7,24 1,00 1 7,24
26/07/2011 buy -0,57 -1,00 1 -0,57
18/10/2011 short -0,48 1,00 -1 0,48
02/02/2012 buy 1,97 1,00 1 1,97
18/04/2012 buy -5,67 -1,00 1 -5,67
26/07/2012 buy 3,19 1,00 1 3,19
15/10/2012 short 4,40 -1,00 -1 -4,40

Sanofi 09/02/2011 buy -1,47 -1,00 1 -1,47
28/04/2011 buy 0,26 1,00 1 0,26
28/07/2011 short 0,91 -1,00 -1 -0,91
03/11/2011 buy -1,06 -1,00 1 -1,06
08/02/2012 buy -0,74 -1,00 1 -0,74
27/04/2012 short 1,55 -1,00 -1 -1,55
26/07/2012 buy 5,74 1,00 1 5,74
25/10/2012 buy 3,40 1,00 1 3,40

BNP 17/02/2011 buy -1,24 -1,00 1 -1,24
04/05/2011 buy 0,99 1,00 1 0,99
03/11/2011 buy 4,04 1,00 1 4,04
15/02/2012 short 6,98 -1,00 -1 -6,98
04/05/2012 short 3,81 -1,00 -1 -3,81
02/08/2012 buy 4,23 1,00 1 4,23
07/11/2012 buy 2,38 1,00 1 2,38

Alstom 04/05/2011 buy -3,39 -1,00 1 -3,39
20/07/2011 buy 1,64 1,00 1 1,64
03/11/2011 buy 4,35 1,00 1 4,35
19/01/2012 buy 13,93 1,00 1 13,93
19/07/2012 buy 0,35 1,00 1 0,35
07/11/2012 buy 3,95 1,00 1 3,95

Pernod 17/02/2011 buy -5,13 -1,00 1 -5,13
05/05/2011 short 3,02 -1,00 -1 -3,02
20/10/2011 buy 4,78 1,00 1 4,78
16/02/2012 buy -4,13 -1,00 1 -4,13
26/04/2012 buy 0,75 1,00 1 0,75

Air Liquide 15/02/2011 buy -2,06 -1,00 1 -2,06
26/04/2011 buy 1,25 1,00 1 1,25
01/08/2011 buy -2,03 -1,00 1 -2,03
26/10/2011 short 3,66 -1,00 -1 -3,66
25/04/2012 buy 1,88 1,00 1 1,88

30/07/2012 short -0,79 1,00 -1 0,79
25/10/2012 buy 1,06 1,00 1 1,06

GDF Suez 03/03/2011 short -1,03 1,00 -1 1,03
10/08/2011 buy -2,00 -1,00 1 -2,00
27/10/2011 buy 4,11 1,00 1 4,11
09/02/2012 short -8,30 1,00 -1 8,30
23/04/2012 buy -2,25 -1,00 1 -2,25
02/08/2012 buy 4,48 1,00 1 4,48

Publicis 18/04/2011 buy -1,00 -1,00 1 -1,00
03/08/2011 short -5,37 1,00 -1 5,37
20/04/2012 short -1,87 1,00 -1 1,87
03/08/2012 buy 2,37 1,00 1 2,37

Active Selection

Company Name Date Position Volatility Correct Position %
Forecast

CréditAgricole 24/02/2011 buy 7,47 1,00
13/05/2011 buy -1,35 -1,00
25/08/2011 buy 3,38 1,00
10/11/2011 short -2,39 1,00
Forecast Balance 2,00
2011
23/02/2012 short -2,20 1,00 -1 2,20
11/05/2012 buy -6,57 -1,00 1 -6,57
28/08/2012 buy 0,47 1,00 1 0,47
09/11/2012 short -7,43 1,00 -1 7,43

Alcatel 10/02/2011 buy 27,07 1,00
06/05/2011 buy 1,86 1,00
28/07/2011 short -18,34 1,00
04/11/2011 buy -23,38 -1,00
2011
26/04/2012 buy -18,37 -1,00 1 -
18,37
26/07/2012 short -5,68 1,00 -1 5,68
02/11/2012 buy -3,66 -1,00 1 -3,66

Danone 15/02/2011 buy 3,53 1,00
14/04/2011 buy 3,76 1,00
28/07/2011 short -1,72 1,00
18/10/2011 short 2,86 -1,00
2011
15/02/2012 buy 2,06 1,00 1 2,06
17/04/2012 buy 4,46 1,00 1 4,46
27/07/2012 buy 5,49 1,00 1 5,49
17/10/2012 buy -3,34 -1,00 1 -3,34

Vinci 27/01/2011 short -1,16 1,00
28/04/2011 buy 2,13 1,00
30/08/2011 buy 2,80 1,00
03/11/2011 buy 0,47 1,00
2011
07/02/2012 short 2,22 -1,00 -1 -2,22
26/04/2012 buy 3,73 1,00 1 3,73
31/07/2012 buy -4,74 -1,00 1 -4,74
25/10/2012 buy 0,15 1,00 1 0,15

EADS 09/03/2011 buy -0,30 -1,00
13/05/2011 buy 3,57 1,00
29/07/2011 short -1,40 1,00
10/11/2011 short 11,52 -1,00
2011
08/03/2012 buy 12,00 1,00 1 12,00
16/05/2012 buy -0,93 -1,00 1 -0,93
27/07/2012 buy 5,35 1,00 1 5,35
08/11/2012 buy -3,34 -1,00 1 -3,34

Bouygues 01/03/2011 buy 2,12 1,00
16/05/2011 short -4,28 1,00
31/08/2011 buy 13,39 1,00
15/11/2011 buy -2,43 -1,00
2011
28/02/2012 short -2,25 1,00 -1 2,25
15/05/2012 short -1,13 1,00 -1 1,13
28/08/2012 buy -11,49 -1,00 1 -
11,49
14/11/2012 buy -0,89 -1,00 1 -0,89

Total 11/02/2011 short -0,41 -1,00
29/04/2011 buy 0,09 1,00
29/07/2011 short -3,34 1,00
28/10/2011 buy -3,32 -1,00
2011
10/02/2012 buy -0,24 -1,00 1 -0,24
27/04/2012 buy -1,21 -1,00 1 -1,21
27/07/2012 buy 3,68 1,00 1 3,68
31/10/2012 buy 0,33 1,00 1 0,33

France Telecom 24/02/2011 short -1,11 1,00
03/05/2011 buy -0,95 -1,00
28/07/2011 short 1,48 -1,00
27/10/2011 buy 2,29 1,00
2011
22/02/2012 short 1,40 -1,00 -1 -1,40
03/05/2012 short 1,56 -1,00 -1 -1,56
26/07/2012 buy 7,80 1,00 1 7,80
25/10/2012 short -5,26 1,00 -1 5,26

SociétéGénérale 16/02/2011 buy 6,51 1,00
05/05/2011 short -4,83 1,00
03/08/2011 short -14,77 1,00
08/11/2011 short 4,00 -1,00
2011
16/02/2012 buy 7,33 1,00 1 7,33
03/05/2012 buy -4,05 -1,00 1 -4,05
01/08/2012 short -6,72 1,00 -1 6,72
08/11/2012 buy 0,12 1,00 1 0,12

Lafarge 18/02/2011 short 1,20 -1,00
05/05/2011 short -0,02 1,00
28/07/2011 short -5,82 1,00
04/11/2011 buy -2,52 -1,00
2011
17/02/2012 buy 11,47 1,00 1 11,47
04/05/2012 buy 1,73 1,00 1 1,73
27/07/2012 buy 6,33 1,00 1 6,33
09/11/2012 short -0,31 1,00 -1 0,31

Michelin 11/02/2011 buy 3,43 1,00
21/04/2011 buy 5,18 1,00
29/07/2011 short -8,25 1,00
26/10/2011 short 5,61 -1,00
2011
10/02/2012 buy -2,69 -1,00 1 -2,69
23/04/2012 short 3,39 -1,00 -1 -3,39
27/07/2012 buy 11,39 1,00 1 11,39
22/10/2012 buy 1,85 1,00 1 1,85

L'Oréal 10/02/2011 short -2,99 1,00
19/04/2011 short 5,03 -1,00
12/07/2011 short -4,07 1,00
07/11/2011 short 0,27 -1,00
2011
13/02/2012 short 4,12 -1,00 -1 -4,12
12/04/2012 buy 1,90 1,00 1 1,90
26/07/2012 short 6,77 -1,00 -1 -6,77
06/11/2012 short -2,60 1,00 -1 2,60

PPR 17/02/2011 short 1,94 -1,00
27/04/2011 buy 2,24 1,00
29/07/2011 short -1,04 1,00
26/10/2011 short 4,95 -1,00
2011
16/02/2012 buy -3,21 -1,00 1 -3,21
25/04/2012 buy 8,14 1,00 1 8,14
26/07/2012 buy 11,24 1,00 1 11,24
25/10/2012 buy 3,74 1,00 1 3,74

Renault 10/02/2011 short -4,08 1,00
26/04/2011 buy 6,56 1,00
28/07/2011 short 4,08 -1,00
27/10/2011 buy 10,31 1,00
2011
16/02/2012 buy 9,94 1,00 1 9,94
25/04/2012 buy 0,06 1,00 1 0,06
27/07/2012 buy 6,69 1,00 1 6,69
25/10/2012 short -2,69 1,00 -1 2,69

Suez 09/02/2011 short 3,98 -1,00
Environnement
28/04/2011 buy 4,29 1,00
03/08/2011 short -3,82 1,00
26/10/2011 short -1,86 1,00
2011
08/02/2012 short 6,93 -1,00 -1 -6,93
20/04/2012 short -2,13 1,00 -1 2,13
01/08/2012 short -4,47 1,00 -1 4,47
25/10/2012 short 4,04 -1,00 -1 -4,04

Saint Gobain 24/02/2011 short 5,86 -1,00
28/04/2011 short -0,77 1,00
28/07/2011 short -0,22 1,00
25/10/2011 buy -2,86 -1,00
2011
16/02/2012 short 5,64 -1,00 -1 -5,64
03/05/2012 buy -0,69 -1,00 1 -0,69
26/07/2012 buy -6,69 -1,00 1 -6,69
25/10/2012 buy 1,68 1,00 1 1,68

Peugeot 09/02/2011 buy -2,88 -1,00
20/04/2011 buy 7,40 1,00
27/07/2011 short -8,37 1,00
26/10/2011 short -0,94 1,00
2011
15/02/2012 short -8,13 1,00 -1 8,13
25/04/2012 buy 1,46 1,00 1 1,46
25/07/2012 short -4,49 1,00 -1 4,49
24/10/2012 short -7,89 1,00 -1 7,89

Veolia 04/03/2011 short -3,57 1,00
05/05/2011 short 1,94 -1,00
04/08/2011 short -22,03 1,00
21/11/2011 buy -7,18 -1,00
2011
01/03/2012 buy 20,37 1,00 1 20,37
04/05/2012 short 2,30 -1,00 -1 -2,30
02/08/2012 buy -9,44 -1,00 1 -9,44

Cap Gemini 17/02/2011 buy 7,25 1,00
05/05/2011 short 1,43 -1,00
28/07/2011 short -11,30 1,00
08/11/2011 buy 4,38 1,00
2011
10/05/2012 buy 1,49 1,00 1 1,49
26/07/2012 buy 9,51 1,00 1 9,51
08/11/2012 short -4,10 1,00 -1 4,10

STMicroelectronics 24/01/2011 buy -5,10 -1,00
04/04/2011 buy 1,93 1,00
20/07/2011 buy 0,79 1,00
19/10/2011 buy -3,95 -1,00
2011
23/01/2012 short -5,19 1,00 -1 5,19
23/04/2012 short -12,20 1,00 -1 12,20
17/07/2012 short 5,70 -1,00 -1 -5,70

Schneider 17/02/2011 buy 3,58 1,00
20/04/2011 buy 5,01 1,00
29/07/2011 buy -2,59 -1,00
20/10/2011 short -5,51 1,00
2011
22/02/2012 short 5,54 -1,00 -1 -5,54
20/04/2012 short -4,89 1,00 -1 4,89
01/08/2012 short 1,02 -1,00 -1 -1,02
25/10/2012 buy -0,76 -1,00 1 -0,76

Unibail 09/02/2011 buy 2,21 1,00
26/04/2011 buy 0,68 1,00
20/07/2011 buy 3,22 1,00
28/10/2011 buy -1,37 -1,00
2011
01/02/2012 short -0,27 1,00 -1 0,27
23/07/2012 buy -0,50 -1,00 1 -0,50
26/10/2012 buy 1,39 1,00 1 1,39

Vallourec 23/02/2011 short -7,23 1,00

12/05/2011 short 5,86 -1,00
27/07/2011 short -18,66 1,00
09/11/2011 buy -0,26 -1,00
2011
22/02/2012 short -5,56 1,00 -1 5,56
10/05/2012 buy -18,82 -1,00 1 -
18,82
26/07/2012 short -3,57 1,00 -1 3,57
07/11/2012 buy 4,24 1,00 1 4,24

ArcelorMittal 08/02/2011 buy 0,92 1,00
11/05/2011 buy -3,52 -1,00
27/07/2011 short -0,90 1,00
03/11/2011 buy 1,73 1,00
2011
07/02/2012 short 7,67 -1,00 -1 -7,67
10/05/2012 buy 1,29 1,00 1 1,29
31/10/2012 short -3,76 1,00 -1 3,76

LVMH 04/02/2011 buy -0,43 -1,00
19/04/2011 buy 7,24 1,00
26/07/2011 buy -0,57 -1,00
18/10/2011 short -0,48 1,00
2011
02/02/2012 buy 1,97 1,00 1 1,97
18/04/2012 buy -5,67 -1,00 1 -5,67
26/07/2012 buy 3,19 1,00 1 3,19
15/10/2012 short 4,40 -1,00 -1 -4,40

BNP 17/02/2011 buy -1,24 -1,00
04/05/2011 buy 0,99 1,00
03/11/2011 buy 4,04 1,00
2011
15/02/2012 short 6,98 -1,00 -1 -6,98
04/05/2012 short 3,81 -1,00 -1 -3,81
02/08/2012 buy 4,23 1,00 1 4,23
07/11/2012 buy 2,38 1,00 1 2,38

Alstom 04/05/2011 buy -3,39 -1,00
20/07/2011 buy 1,64 1,00

03/11/2011 buy 4,35 1,00
2011
19/01/2012 buy 13,93 1,00 1 13,93
19/07/2012 buy 0,35 1,00 1 0,35
07/11/2012 buy 3,95 1,00 1 3,95

GDF Suez 03/03/2011 short -1,03 1,00
10/08/2011 buy -2,00 -1,00
27/10/2011 buy 4,11 1,00
2011
09/02/2012 short -8,30 1,00 -1 8,30
23/04/2012 buy -2,25 -1,00 1 -2,25
02/08/2012 buy 4,48 1,00 1 4,48

Publicis 18/04/2011 buy -1,00 -1,00
03/08/2011 short -5,37 1,00
2011
20/04/2012 short -1,87 1,00 -1 1,87
03/08/2012 buy 2,37 1,00 1 2,37

Raw Data

Accor

2010 Annual Results

Date Close Variation

25/02/2011 33,68 3,00%

24/02/2011 32,7 -3,54%

23/02/2011 33,9 -3,69%

22/02/2011 35,2 0,40%

21/02/2011 35,06

buy
-7,10

2011 - 1st Quarter


26/04/2011 30,04 -0,53%

21/04/2011 30,2 -3,97%

20/04/2011 31,45 2,58%

19/04/2011 30,66 1,25%

18/04/2011 30,28

buy
-1,50

2011 - Half-Year Results


26/08/2011 23,26 0,26%

25/08/2011 23,2 -1,32%

24/08/2011 23,51 1,69%

23/08/2011 23,12 1,00%

22/08/2011 22,89

short

0,35

2011 - 3rd Quarter


20/10/2011 21,84 -3,45%

19/10/2011 22,62 2,45%

18/10/2011 22,08 -0,09%

17/10/2011 22,1 -2,64%

14/10/2011 22,7

short

2,35

2011 Annual Results


24/02/2012 26,13 0,11%

23/02/2012 26,1 -2,76%

22/02/2012 26,84 2,44%

21/02/2012 26,2 -0,91%

20/02/2012 26,44

buy

-0,38

2012 - 1st Quarter


19/04/2012 26,03 0,35%

18/04/2012 25,94 0,39%

17/04/2012 25,84 4,96%

16/04/2012 24,62 -1,52%

13/04/2012 25

short

5,36



31/08/2012 25,21 -0,75%

30/08/2012 25,4 -0,78%

29/08/2012 25,6 -3,14%

28/08/2012 26,43 -0,34%

27/08/2012 26,52

short

-3,90

2012 - 3rd Quarter


18/10/2012 24,68 -1,16%

17/10/2012 24,97 -3,29%

16/10/2012 25,82 1,18%

15/10/2012 25,52 0,95%

12/10/2012 25,28

buy
-2,16

CréditAgricole

2010 Annual Results


28/02/2011 12,72 0,47%

25/02/2011 12,66 2,18%

24/02/2011 12,39 5,18%

23/02/2011 11,78 1,29%

22/02/2011 11,63

buy
7,47

2011 - 1st Quarter


17/05/2011 10,76 -1,56%

16/05/2011 10,93 -1,26%

13/05/2011 11,07 -0,09%

12/05/2011 11,08 0,54%

11/05/2011 11,02

buy
-1,35



29/08/2011 6,64 3,43%

26/08/2011 6,42 -1,38%

25/08/2011 6,51 4,83%

24/08/2011 6,21 2,48%

23/08/2011 6,06

buy

3,38

2011 - 3rd Quarter


14/11/2011 4,84 -1,22%

11/11/2011 4,9 0,00%

10/11/2011 4,9 -2,39%

09/11/2011 5,02 -2,52%

08/11/2011 5,15

short

-2,39

2011 Annual Results


27/02/2012 4,73 -3,47%

24/02/2012 4,9 1,87%

23/02/2012 4,81 -3,99%

22/02/2012 5,01 -3,84%

21/02/2012 5,21

short

-2,20

2012 - 1st Quarter


15/05/2012 3,04 -7,03%

14/05/2012 3,27 -5,49%

11/05/2012 3,46 -1,14%

10/05/2012 3,5 4,79%

09/05/2012 3,34

buy

-6,57



30/08/2012 4,31 0,23%

29/08/2012 4,3 0,70%

28/08/2012 4,27 -0,23%

27/08/2012 4,28 0,94%

24/08/2012 4,24

buy

0,47

2012 - 3rd Quarter


13/11/2012 5,65 3,10%

12/11/2012 5,48 -1,62%

09/11/2012 5,57 -5,91%

08/11/2012 5,92 -0,50%

07/11/2012 5,95

short
-7,43

Alcatel

2010 Annual Results


14/02/2011 3,46 2,37%

11/02/2011 3,38 6,96%

10/02/2011 3,16 18,80%

09/02/2011 2,66 2,70%

08/02/2011 2,59

buy
27,07

2011 - 1st Quarter


10/05/2011 4,38 0,23%

09/05/2011 4,37 3,80%

06/05/2011 4,21 -1,86%

05/05/2011 4,29 3,62%

04/05/2011 4,14

buy
1,86



01/08/2011 2,62 -5,07%

29/07/2011 2,76 -3,50%

28/07/2011 2,86 -15,38%

27/07/2011 3,38 -6,89%

26/07/2011 3,63

short
-18,34

2011 - 3rd Quarter


08/11/2011 1,53 -0,65%

07/11/2011 1,54 -7,78%

04/11/2011 1,67 -16,92%

03/11/2011 2,01 5,79%

02/11/2011 1,9

buy
-23,38

2011 Annual Results


14/02/2012 1,75 6,06%

13/02/2012 1,65 -1,79%

10/02/2012 1,68 12,00%

09/02/2012 1,5 0,00%

08/02/2012 1,5

neutral
10,00

2012 - 1st Quarter


30/04/2012 1,16 -3,33%

27/04/2012 1,2 -1,64%

26/04/2012 1,22 -17,01%

25/04/2012 1,47 5,00%

24/04/2012 1,4

buy
-18,37



30/07/2012 0,84 1,20%

27/07/2012 0,83 1,22%

26/07/2012 0,82 -6,82%

25/07/2012 0,88 -3,30%

24/07/2012 0,91

short
-5,68

2012 - 3rd Quarter


06/11/2012 0,8 1,27%

05/11/2012 0,79 1,28%

02/11/2012 0,78 -4,88%

01/11/2012 0,82 5,13%

31/10/2012 0,78

buy
-3,66

PPR

2010 Annual
Results

21/02/2011 114,05 -1,34%

18/02/2011 115,6 -0,22%

17/02/2011 115,85 2,16%

16/02/2011 113,4 -2,07%

15/02/2011 115,8

short
1,94

2011 - 1st Quarter


29/04/2011 120,75 -0,04%

28/04/2011 120,8 1,98%

27/04/2011 118,45 0,25%

26/04/2011 118,15 0,25%

21/04/2011 117,85

buy
2,24



02/08/2011 125,4 -2,41%

01/08/2011 128,5 -0,39%

29/07/2011 129 -0,65%

28/07/2011 129,85 -0,35%

27/07/2011 130,3

short
-1,04

2011 - 3rd Quarter


28/10/2011 115,2 -1,12%

27/10/2011 116,5 5,43%

26/10/2011 110,5 -0,45%

25/10/2011 111 3,84%

24/10/2011 106,9

short
4,95

2011 Annual Results


20/02/2012 122,55 1,74%

17/02/2012 120,45 0,04%

16/02/2012 120,4 -3,25%

15/02/2012 124,45 0,93%

14/02/2012 123,3

buy
-3,21

2012 - 1st Quarter


27/04/2012 127,25 1,39%

26/04/2012 125,5 4,85%

25/04/2012 119,7 3,15%

24/04/2012 116,05 0,39%

23/04/2012 115,6

buy
8,14



30/07/2012 123,1 1,95%

27/07/2012 120,75 6,62%

26/07/2012 113,25 4,33%

25/07/2012 108,55 1,07%

24/07/2012 107,4

buy
11,24

2012 - 3rd Quarter


29/10/2012 134,55 -1,97%

26/10/2012 137,25 4,85%

25/10/2012 130,9 -1,06%

24/10/2012 132,3 0,99%

23/10/2012 131

buy
3,74

Danone

2010
Annual
Results
17/02/2011 45,56 0,13%
16/02/2011 45,5 0,18%
15/02/2011 45,42 3,34%
14/02/2011 43,95 0,85%
11/02/2011 43,58

buy
3,53

2011 - 1st Quarter
18/04/2011 48,03 -1,17%
15/04/2011 48,6 1,76%
14/04/2011 47,76 1,96%
13/04/2011 46,84 1,25%
12/04/2011 46,26

buy
3,76


01/08/2011 49,16 -1,29%
29/07/2011 49,8 -0,97%
28/07/2011 50,29 -0,75%
27/07/2011 50,67 -0,98%
26/07/2011 51,17

short
-1,72

2011 - 3rd Quarter
20/10/2011 46,66 -0,09%
19/10/2011 46,7 0,65%
18/10/2011 46,4 2,20%
17/10/2011 45,4 -1,94%
14/10/2011 46,3

short
2,86

2011 Annual Results
17/02/2012 49,74 -0,54%
16/02/2012 50,01 0,20%
15/02/2012 49,91 1,86%
14/02/2012 49 1,14%
13/02/2012 48,45

buy
2,06

2012 - 1st Quarter
19/04/2012 54,36 0,89%
18/04/2012 53,88 1,51%
17/04/2012 53,08 2,91%
16/04/2012 51,58 2,63%
13/04/2012 50,26

buy
4,46

31/07/2012 49,48 -1,34%
30/07/2012 50,15 1,62%
27/07/2012 49,35 3,81%
26/07/2012 47,54 1,24%
25/07/2012 46,96

buy
5,49

2012 - 3rd Quarter
19/10/2012 46,97 -0,36%
18/10/2012 47,14 -0,38%
17/10/2012 47,32 -2,97%
16/10/2012 48,77 1,27%
15/10/2012 48,16

buy
-3,34

Carrefour

2010 Annual Results
17/01/2011 33,1 -0,36%
14/01/2011 33,22 -0,54%
13/01/2011 33,4 1,67%
12/01/2011 32,85 1,39%
11/01/2011 32,4

buy
1,13

2011 - 1st Quarter
18/04/2011 29,94 -2,16%
15/04/2011 30,6 -1,42%

14/04/2011 31,04 -1,27%
13/04/2011 31,44 1,42%
12/04/2011 31

buy
-2,67

02/09/2011 17,66 -2,86%
01/09/2011 18,18 -2,05%
31/08/2011 18,56 -0,43%
30/08/2011 18,64 0,00%
29/08/2011 18,64

neutral
-2,47

2011 - 3rd Quarter
17/10/2011 17,04 -1,22%
14/10/2011 17,25 2,37%
13/10/2011 16,85 -5,92%
12/10/2011 17,91 2,46%
11/10/2011 17,48

buy
-3,69

2011 Annual Results
23/01/2012 17,05 0,29%
20/01/2012 17 -1,51%
19/01/2012 17,26 -1,15%
18/01/2012 17,46 2,83%
17/01/2012 16,98

buy
-2,63

2012 - 1st Quarter
13/04/2012 15,54 -3,96%
12/04/2012 16,18 0,62%
11/04/2012 16,08 -1,41%
10/04/2012 16,31 -4,62%
05/04/2012 17,1

short
-0,80

16/07/2012 14,48 -0,41%
13/07/2012 14,54 2,97%
12/07/2012 14,12 6,97%
11/07/2012 13,2 0,15%
10/07/2012 13,18

buy
10,15

2012 - 3rd Quarter
15/10/2012 16,22 -0,06%
12/10/2012 16,23 -2,11%
11/10/2012 16,58 3,69%
10/10/2012 15,99 1,78%
09/10/2012 15,71

buy
1,50

Axa

2010
Annual
Results
21/02/2011 14,96 -3,61%

18/02/2011 15,52 0,78%
17/02/2011 15,4 -3,27%
16/02/2011 15,92 2,18%
15/02/2011 15,58

buy
-2,51

2011 - 1st Quarter
09/05/2011 14,66 -3,49%
06/05/2011 15,19 1,13%
05/05/2011 15,02 0,13%
04/05/2011 15 -1,45%
03/05/2011 15,22

short
1,27

08/08/2011 10,99 -4,93%
05/08/2011 11,56 -1,28%
04/08/2011 11,71 -2,66%
03/08/2011 12,03 -2,98%
02/08/2011 12,4

short
-3,91

2011 - 3rd Quarter
31/10/2011 11,77 -3,37%
28/10/2011 12,18 -2,40%
27/10/2011 12,48 14,71%
26/10/2011 10,88 -0,18%
25/10/2011 10,9

short
11,95

2011 Annual Results

20/02/0212 12,52 1,79%
17/02/2012 12,3 1,99%
16/02/2012 12,06 -1,31%
15/02/2012 12,22 0,41%
14/02/2012 12,17

buy
0,65

2012 - 1st Quarter
15/05/2012 9,3 -2,21%
14/11/2012 9,51 -2,26%
11/05/2012 9,73 -1,82%
10/05/2012 9,91 5,65%
09/05/2012 9,38

buy
-4,04

07/08/2012 10,88 3,82%
06/08/2012 10,48 2,85%
03/08/2012 10,19 5,05%
02/08/2012 9,7 -3,67%
01/08/2012 10,07

short
8,04

2012 - 3rd Quarter
29/10/2012 12,08 -1,15%
26/10/2012 12,22 0,33%
25/10/2012 12,18 1,00%
24/10/2012 12,06 -0,33%
23/10/2012 12,1

short
1,33

Vinci

2010 Annual Results
31/01/2011 42,28 -0,52%
28/01/2011 42,5 -1,48%
27/01/2011 43,14 0,33%
26/01/2011 43 -0,05%
25/01/2011 43,02

short
-1,16

2011 - 1st Quarter
02/05/2011 44,86 -0,53%
29/04/2011 45,1 0,76%
28/04/2011 44,76 1,36%
27/04/2011 44,16 0,87%
26/04/2011 43,78

buy
2,13

01/09/2011 36,18 -0,55%
31/08/2011 36,38 2,36%
30/08/2011 35,54 0,42%
29/08/2011 35,39 4,21%
26/08/2011 33,96

buy
2,80

2011 - 3rd Quarter
07/11/2011 33,86 -1,51%
04/11/2011 34,38 -2,22%
03/11/2011 35,16 2,75%

02/11/2011 34,22 1,63%
01/11/2011 33,67

buy
0,47

2011 Annual Results
09/02/2012 38,41 1,67%
08/02/2012 37,78 2,58%
07/02/2012 36,83 -0,35%
06/02/2012 36,96 -0,54%
03/02/2012 37,16

short
2,22

2012 - 1st Quarter
30/04/2012 35 -1,57%
27/04/2012 35,56 4,25%
26/04/2012 34,11 -0,50%
25/04/2012 34,28 2,82%
24/04/2012 33,34

buy
3,73

02/08/2012 32,04 -5,15%
01/08/2012 33,78 -2,23%
31/07/2012 34,55 -2,57%
30/07/2012 35,46 2,60%
27/07/2012 34,56

buy
-4,74

2012 - 3rd Quarter
29/10/2012 34 -0,96%

26/10/2012 34,33 1,45%
25/10/2012 33,84 -1,28%
24/10/2012 34,28 0,88%
23/10/2012 33,98

buy
0,15

EADS

2010 Annual Results
11/03/2011 19,66 -0,61%
10/03/2011 19,78 -1,40%
09/03/2011 20,06 1,11%
08/03/2011 19,84 2,80%
07/03/2011 19,3

buy
-0,30

2011 - 1st Quarter
17/05/2011 22,05 -2,43%
16/05/2011 22,6 -2,12%
13/05/2011 23,09 5,82%
12/05/2011 21,82 0,28%
11/05/2011 21,76

buy
3,57

02/08/2011 23,54 -1,75%
01/08/2011 23,96 -0,99%
29/07/2011 24,2 -0,41%
28/07/2011 24,3 -0,12%
27/07/2011 24,33

short
-1,40

2011 - 3rd Quarter
14/11/2011 22,05 -0,94%
11/11/2011 22,26 6,15%
10/11/2011 20,97 5,06%
09/11/2011 19,96 -4,36%
08/11/2011 20,87

short
11,52

2011 Annual Results
12/03/2012 29,7 -1,20%
09/03/2012 30,06 1,08%
08/03/2012 29,74 10,80%
07/03/2012 26,84 1,47%
06/03/2012 26,45

buy
12,00

2012 - 1st Quarter
18/05/2012 27,81 -3,30%
17/05/2012 28,76 -2,11%
16/05/2012 29,38 1,21%
15/05/2012 29,03 1,08%
14/05/2012 28,72

buy
-0,93

31/07/2012 29,26 -1,55%
30/07/2012 29,72 -0,27%
27/07/2012 29,8 5,64%
26/07/2012 28,21 1,11%

25/07/2012 27,9

buy
5,35

2012 - 3rd Quarter
12/11/2012 26,12 -0,76%
09/11/2012 26,32 0,84%
08/11/2012 26,1 -4,15%
07/11/2012 27,23 -0,77%
06/11/2012 27,44

buy
-3,34

EDF

2010 Annual Results
17/02/2011 32,62 3,75%
16/02/2011 31,44 0,74%
15/02/2011 31,21 -0,22%
14/02/2011 31,28 1,10%
11/02/2011 30,94

buy
0,51

2011 - 1st Quarter
16/05/2011 28,88 -1,26%
13/05/2011 29,25 2,06%
12/05/2011 28,66 0,14%
11/05/2011 28,62 0,85%
10/05/2011 28,38

buy
2,20

02/08/2011 25,15 -1,45%
01/08/2011 25,52 -3,55%
29/07/2011 26,46 -2,00%
28/07/2011 27 0,15%
27/07/2011 26,96

buy
-5,48

2011 - 3rd Quarter
14/11/2011 20,92 -1,97%
11/11/2011 21,34 3,19%
10/11/2011 20,68 0,63%
09/11/2011 20,55 -2,70%
08/11/2011 21,12

short
3,84

2011 Annual Results
20/02/2012 19,08 1,01%
17/02/2012 18,89 2,66%
16/02/2012 18,4 -1,50%
15/02/2012 18,68 0,38%
14/02/2012 18,61

buy
1,12

2012 - 1st Quarter
14/05/2012 15,9 -2,21%
11/05/2012 16,26 -0,73%
10/05/2012 16,38 2,89%
09/05/2012 15,92 0,25%
08/05/2012 15,88

buy
2,14

02/08/2012 16,12 -3,70%
01/08/2012 16,74 -0,77%
31/07/2012 16,87 1,63%
30/07/2012 16,6 2,60%
27/07/2012 16,18

buy
0,84

2012 - 3rd Quarter
15/11/2012 14,2 -2,07%
14/11/2012 14,5 -4,73%
13/11/2012 15,22 -1,30%
12/11/2012 15,42 -0,39%
09/11/2012 15,48

short
-5,97

Essilor

2010
Annual
Results
04/03/2011 51,94 0,29%
03/03/2011 51,79 1,39%
02/03/2011 51,08 -2,98%
01/03/2011 52,65 1,74%
28/02/2011 51,75

buy
-1,63

2011 - 1st Quarter
21/04/2011 55,51 -0,47%
20/04/2011 55,77 0,87%
19/04/2011 55,29 1,10%
18/04/2011 54,69 -1,19%
15/04/2011 55,35

short
1,97

29/08/2011 52,61 -0,68%
26/08/2011 52,97 -0,30%
26/08/2011 53,13 -1,14%
24/08/2011 53,74 0,62%
23/08/2011 53,41

buy
-1,43

2011 - 3rd Quarter
25/10/2011 52,45 -0,08%
24/10/2011 52,49 0,02%
21/10/2011 52,48 3,00%
20/10/2011 50,95 -0,82%
19/10/2011 51,37

short
3,02

2011 Annual Results
05/03/2012 61,72 1,53%
02/03/2012 60,79 -0,36%
01/03/2012 61,01 2,09%
29/02/2012 59,76 0,10%
28/02/2012 59,7

buy
1,72

2012 - 1st Quarter
26/04/2012 66,75 0,09%
25/04/2012 66,69 1,38%
24/04/2012 65,78 3,09%
23/04/2012 63,81 -0,34%
20/04/2012 64,03

short
4,51

04/09/2012 69,69 -1,25%
03/09/2012 70,57 1,70%
31/08/2012 69,39 -1,70%
30/08/2012 70,59 2,53%
29/08/2012 68,85

buy
-0,03

2012 - 3rd Quarter
29/10/2012 69,76 0,07%
26/10/2012 69,71 0,59%
25/10/2012 69,3 -0,27%
24/10/2012 69,49 1,73%
23/10/2012 68,31

buy
0,32

Bouygues

2010
Annual
Results
03/03/2011 34,28 0,20%
02/02/2011 34,21 3,04%
01/03/2011 33,2 -0,90%
28/02/2011 33,5 1,21%
25/02/2011 33,1

buy
2,12

2011 - 1st Quarter
18/05/2011 32,56 0,37%
17/05/2011 32,44 -4,48%
16/05/2011 33,96 0,21%
13/05/2011 33,89 -0,12%
12/05/2011 33,93

short
-4,28

02/09/2011 25,61 -2,14%
01/09/2011 26,17 -2,06%
31/08/2011 26,72 15,77%
30/08/2011 23,08 1,50%
29/08/2011 22,74

buy
13,39

2011 - 3rd Quarter
17/11/2011 23,54 -2,16%
16/11/2011 24,06 -0,41%
15/11/2011 24,16 -2,03%
14/11/2011 24,66 0,04%
11/11/2011 24,65

buy
-2,43

2011 Annual Results
01/03/2012 23,8 -0,34%
29/02/2012 23,88 -2,09%
28/02/2012 24,39 -0,16%
27/02/2012 24,43 -1,17%
24/02/2012 24,72

short
-2,25

2012 - 1st Quarter
17/05/2012 20,09 -0,15%
16/05/2012 20,12 0,60%
15/05/2012 20 -1,72%
14/05/2012 20,35 -4,55%
11/05/2012 21,32

short
-1,13

30/08/2012 19,32 -3,16%
29/08/2012 19,95 -8,95%
28/08/2012 21,91 -2,80%
27/08/2012 22,54 1,62%
24/08/2012 22,18

buy
-11,49

2012 - 3rd Quarter
16/11/2012 17,66 -0,51%
15/11/2012 17,75 -0,28%
14/11/2012 17,8 -0,61%
13/11/2012 17,91 0,06%

12/11/2012 17,9

buy
-0,89

Total

2010 Annual Results
15/02/2011 43,46 0,37%
14/02/2011 43,3 -0,32%
11/02/2011 43,44 -0,09%
10/02/2011 43,48 1,12%
09/02/2011 43

buy
-0,41

2011 - 1st Quarter
03/05/2011 42,76 -0,65%
02/05/2011 43,04 -0,42%
29/04/2011 43,22 0,51%
28/04/2011 43 0,94%
27/04/2011 42,6

buy
0,09

2011 – 2ème trimestre
02/08/2011 36,8 -0,76%
01/08/2011 37,08 -1,85%
29/07/2011 37,78 -1,51%
28/07/2011 38,36 -0,83%
27/07/2011 38,68

short
-3,34

2011 - 3rd Quarter
01/11/2011 36,67 -3,04%
31/10/2011 37,82 -1,46%
28/10/2011 38,38 -1,89%
27/10/2011 39,12 3,49%
26/10/2011 37,8

buy
-3,32

2011 Annual Results
14/02/2012 41,1 0,15%
13/02/2012 41,04 1,13%
10/02/2012 40,58 -1,36%
09/02/2012 41,14 0,69%
08/02/2012 40,86

buy
-0,24

2012 - 1st Quarter
02/05/2012 36,14 0,19%
30/04/2012 36,07 -1,18%
27/04/2012 36,5 -0,03%
26/04/2012 36,51 0,80%
25/04/2012 36,22

buy
-1,21

31/07/2012 37,6 0,40%
30/07/2012 37,45 0,27%
27/07/2012 37,35 3,41%
26/07/2012 36,12 3,70%
25/07/2012 34,83

buy
3,68

2012 - 3rd Quarter
02/11/2012 39,44 0,82%
01/11/2012 39,12 0,77%
31/10/2012 38,82 -0,44%
.3333333330/10/2012 38,99 1,56%
29/10/2012 38,39

buy
0,33

France Telecom

2010
Annual
Results
28/02/2011 16,03 0,06%
25/02/2011 16,02 0,38%
24/02/2011 15,96 -1,48%
23/02/2011 16,2 -0,12%
22/02/2011 16,22

short
-1,11

2011 - 1st Quarter
05/05/2011 15,6 -0,70%
04/05/2011 15,71 -0,38%
03/05/2011 15,77 -0,57%
02/05/2011 15,86 0,13%
29/04/2011 15,84

buy
-0,95


01/08/2011 14,13 -2,15%
29/07/2011 14,44 0,70%
28/07/2011 14,34 0,77%
27/07/2011 14,23 -1,25%
26/07/2011 14,41

short
1,48

2011 - 3rd Quarter
31/10/2011 13,04 -2,76%
28/10/2011 13,41 -1,32%
27/10/2011 13,59 3,66%
26/10/2011 13,11 0,69%
25/10/2011 13,02

buy
2,29

2011 Annual Results
24/02/2012 11,73 1,12%
23/02/2012 11,6 -0,51%
22/02/2012 11,66 1,92%
21/02/2012 11,44 -0,35%
20/02/2012 11,48

short
1,40

2012 - 1st Quarter
07/05/2012 10,59 1,83%
04/05/2012 10,4 1,17%
03/05/2012 10,28 0,39%
02/05/2012 10,24 -0,97%
30/04/2012 10,34

short
1,56

30/07/2012 11,06 0,00%
27/07/2012 11,06 1,28%
26/07/2012 10,92 6,43%
25/07/2012 10,26 0,29%
24/07/2012 10,23

buy
7,80

2012 - 3rd Quarter
29/10/2012 8,65 -1,93%
26/10/2012 8,82 -0,11%
25/10/2012 8,83 -5,16%
24/10/2012 9,31 -0,53%
23/10/2012 9,36

short
-5,26

SociétéGénérale

2010
Annual
Results
18/02/2011 51,93 -0,21%
17/02/2011 52,04 1,56%
16/02/2011 51,24 4,87%
15/02/2011 48,86 2,22%
14/02/2011 47,8

buy
6,51

2011 - 1st Quarter
09/05/2011 42,18 -2,63%
06/05/2011 43,32 0,14%

05/05/2011 43,26 -4,96%
04/05/2011 45,52 -0,11%
03/05/2011 45,57

short
-4,83

05/08/2011 27,44 -0,94%
04/08/2011 27,7 -6,39%
03/08/2011 29,59 -8,95%
02/08/2011 32,5 -2,40%
01/08/2011 33,3

short
-14,77

2011 - 3rd Quarter
10/11/2011 18,1 -0,55%
09/11/2011 18,2 -2,99%
08/11/2011 18,76 7,20%
07/11/2011 17,5 -2,34%
04/11/2011 17,92

short
4,00

2011 Annual Results
20/02/2012 24,16 0,58%
17/02/2012 24,02 6,47%
16/02/2012 22,56 0,80%
15/02/2012 22,38 2,19%
14/02/2012 21,9

buy
7,33

2012 - 1st Quarter

07/05/2012 17,99 3,99%
04/05/2012 17,3 0,23%
03/05/2012 17,26 -4,27%
02/05/2012 18,03 0,95%
30/04/2012 17,86

buy
-4,05

03/08/2012 18,52 10,24%
02/08/2012 16,8 -7,18%
01/08/2012 18,1 0,50%
31/07/2012 18,01 -3,59%
30/07/2012 18,68

short
-6,72

2012 - 3rd Quarter
12/11/2012 24,9 1,14%
09/11/2012 24,62 -1,52%
08/11/2012 25 1,67%
07/11/2012 24,59 -2,92%
06/11/2012 25,33

buy
0,12

Lafarge

2010
Annual
Results
22/02/2011 45,52 -2,21%
21/02/2011 46,55 -2,82%
18/02/2011 47,9 4,13%
17/02/2011 46 0,61%
16/02/2011 45,72

short
1,20

2011 - 1st Quarter
09/05/2011 45,07 -1,31%
06/05/2011 45,67 0,95%
05/05/2011 45,24 -0,96%
4/05/20111 45,68 -3,63%
03/05/2011 47,4

short
-0,02

01/08/2011 35,68 -4,55%
29/07/2011 37,38 -0,80%
28/07/2011 37,68 -5,06%
27/07/2011 39,69 -1,15%
26/07/2011 40,15

short
-5,82

2011 - 3rd Quarter
08/11/2011 28,88 0,70%
07/11/2011 28,68 -2,98%
04/11/2011 29,56 0,48%
03/11/2011 29,42 6,13%
02/11/2011 27,72

buy
-2,52

2011 Annual Results
21/02/2012 35,04 -1,24%
20/02/2012 35,48 2,96%
17/02/2012 34,46 8,26%

16/02/2012 31,83 0,44%
15/02/2012 31,69

buy
11,47

2012 - 1st Quarter
08/05/2012 29,72 -2,56%
07/05/2012 30,5 4,02%
04/05/2012 29,32 -2,20%
03/05/2012 29,98 0,33%
02/05/2012 29,88

buy
1,73

31/07/2012 37,43 -2,65%
30/07/2012 38,45 0,92%
27/07/2012 38,1 5,37%
26/07/2012 36,16 4,45%
25/07/2012 34,62

buy
6,33

2012 - 3rd Quarter
13/11/2012 45,98 0,83%
12/11/2012 45,6 -1,89%
09/11/2012 46,48 1,62%
08/11/2012 45,74 -0,52%
07/11/2012 45,98

short
-0,31

Michelin

2010
Annual
Results
15/02/2011 60,34 2,20%
14/02/2011 59,04 -0,24%
11/02/2011 59,18 3,68%
10/02/2011 57,08 1,62%
09/02/2011 56,17

buy
3,43

2011 - 1st Quarter
27/04/2011 66,4 -0,82%
26/04/2011 66,95 5,10%
21/04/2011 63,7 0,08%
20/04/2011 63,65 4,55%
19/04/2011 60,88

buy
5,18

02/08/2011 55,01 -2,07%
01/08/1900 56,17 -4,24%
29/07/2011 58,66 -4,18%
28/07/2011 61,22 -1,05%
27/07/2011 61,87

short
-8,25

2011 - 3rd Quarter
28/10/2011 55,71 1,40%
27/10/2011 54,94 5,09%
26/10/2011 52,28 0,50%
25/10/2011 52,02 -0,06%
24/10/2011 52,05

short
5,61

2011 Annual Results
14/02/2012 53,44 -1,46%
13/02/2012 54,23 0,35%
10/02/2012 54,04 -3,03%
09/02/2012 55,73 1,60%
08/02/2012 54,85

buy
-2,69

2012 - 1st Quarter
25/04/2012 55,86 3,93%
24/04/2012 53,75 6,12%
23/04/2012 50,65 -2,58%
20/04/2012 51,99 -0,31%
19/04/2012 52,15

short
3,39

31/07/2012 55,42 -2,82%
30/07/2012 57,03 3,39%
27/07/2012 55,16 7,73%
26/07/2012 51,2 2,40%
25/07/2012 50

buy
11,39

2012 - 3rd Quarter
24/10/2012 64,67 1,09%
23/10/2012 63,97 3,41%
22/10/2012 61,86 -1,51%
19/10/2012 62,81 0,24%

18/10/2012 62,66

buy
1,85

L’Oreal

2010
Annual
Results
14/02/2011 84,87 -0,99%
11/02/2011 85,72 -4,22%
10/02/2011 89,5 1,29%
09/02/2011 88,36 -0,66%
08/02/2011 88,95

short
-2,99

2011 - 1st Quarter
21/04/2011 85,68 -0,23%
20/04/2011 85,88 3,22%
19/04/2011 83,2 1,75%
18/04/2011 81,77 -2,53%
15/04/2011 83,89

short
5,03

14/07/2011 84,78 -0,19%
13/07/2011 84,94 -3,36%
12/07/2011 87,89 -0,73%
11/07/2011 88,54 -1,26%
08/07/2011 89,67

short
-4,07

2011 - 3rd Quarter
09/11/2011 77,43 -0,78%
08/11/2011 78,04 0,81%
07/11/2011 77,41 -0,54%
04/11/2011 77,83 -1,95%
03/11/2011 79,38

short
0,27

2011 Annual Results
15/02/2012 85,4 0,79%
14/02/2012 84,73 3,77%
13/02/2012 81,65 0,33%
10/02/2012 81,38 -1,02%
09/02/2012 82,22

short
4,12

2012 - 1st Quarter
16/04/2012 92,72 0,63%
13/04/2012 92,14 1,15%
12/04/2012 91,09 0,74%
11/04/2012 90,42 0,78%
10/04/2012 89,72

buy
1,90

30/07/2012 98,9 -0,64%
27/07/2012 99,54 2,29%
26/07/2012 97,31 4,38%
25/07/2012 93,23 -0,31%
24/07/2012 93,52

short
6,77

2012 - 3rd Quarter
08/11/2012 96,2 0,21%
07/11/2012 96 -2,20%
06/11/2012 98,16 -0,41%
05/11/2012 98,56 -1,88%
02/11/2012 100,45

short
-2,60

Renault

2010
Annual
Results
14/02/2011 45,95 -1,39%
11/02/2011 46,6 -1,38%
10/02/2011 47,25 -2,74%
09/02/2011 48,58 -1,64%
08/02/2011 49,39

short
-4,08

2011 - 1st Quarter
28/04/2011 40,68 -0,59%
27/04/2011 40,92 3,75%
26/04/2011 39,44 2,71%
21/04/2011 38,4 1,35%
20/04/2011 37,89

buy
6,56

01/08/2011 37,08 -0,48%
29/07/2011 37,26 -0,43%
28/07/2011 37,42 4,53%
27/07/2011 35,8 -3,16%
26/07/2011 36,97

short
4,08

2011 - 3rd Quarter
31/10/2011 30,44 -3,85%
28/10/2011 31,66 4,45%
27/10/2011 30,31 5,61%
26/10/2011 28,7 1,81%
25/10/2011 28,19

buy
10,31

2011 Annual Results
20/02/2012 41,08 3,22%
17/02/2012 39,8 5,24%
16/02/2012 37,82 4,48%
15/02/2012 36,2 1,97%
14/02/2012 35,5

buy
9,94

2012 - 1st Quarter
27/04/2012 35,68 3,12%
26/04/2012 34,6 -2,04%
25/04/2012 35,32 2,14%
24/04/2012 34,58 2,61%
23/04/2012 33,7

buy
0,06

31/07/2012 35,59 -1,30%
30/07/2012 36,06 0,33%
27/07/2012 35,94 6,33%
26/07/2012 33,8 2,42%
25/07/2012 33

buy
6,69

2012 - 3rd Quarter
29/10/2012 34,14 -1,73%
26/10/2012 34,74 -1,81%
25/10/2012 35,38 -0,90%
24/10/2012 35,7 -0,22%
23/10/2012 35,78

short
-2,69

Suez Environnement

2010
Annual
Results
11/02/2011 15,75 0,45%
10/02/2011 15,68 -0,38%
09/02/2011 15,74 4,38%
08/02/2011 15,08 -0,40%
07/02/2011 15,14

short
3,98

2011 - 1st Quarter

02/05/2011 15,55 -0,06%
29/04/2011 15,56 0,26%
28/04/2011 15,52 4,02%
27/04/2011 14,92 1,43%
26/04/2011 14,71

buy
4,29

05/08/2011 12,27 1,40%
04/08/2011 12,1 -4,50%
03/08/2011 12,67 0,72%
02/08/2011 12,58 -0,47%
01/08/2011 12,64

short
-3,82

2011 - 3rd Quarter
28/10/2011 11,6 0,00%
27/10/2011 11,6 -1,94%
26/10/2011 11,83 0,08%
25/10/2011 11,82 -0,08%
24/10/2011 11,83

short
-1,86

2011 Annual Results
10/02/2012 10,1 -6,48%
09/02/2012 10,8 5,88%
08/02/2012 10,2 0,99%
07/02/2012 10,1 -0,79%
06/02/2012 10,18

short
6,93

2012 - 1st Quarter
24/04/2012 10,27 1,68%
23/04/2012 10,1 -4,17%
20/04/2012 10,54 2,13%
19/04/2012 10,32 -0,39%
18/04/2012 10,36

short
-2,13

03/08/2012 8,89 4,10%
02/08/2012 8,54 -3,94%
01/08/2012 8,89 -0,56%
31/07/2012 8,94 -2,40%
30/07/2012 9,16

short
-4,47

2012 - 3rd Quarter
29/10/2012 8,36 -1,65%
26/10/2012 8,5 0,59%
25/10/2012 8,45 3,43%
24/10/2012 8,17 -0,37%
23/10/2012 8,2

short
4,04

Saint Gobain

2010
Annual
Results
28/02/2011 43,32 0,70%
25/02/2011 43,02 5,49%
24/02/2011 40,78 0,34%

23/02/2011 40,64 -1,55%
22/02/2011 41,28

short
5,86

2011 - 1st Quarter
02/05/2011 46,68 0,09%
29/04/2011 46,64 -1,10%
28/04/2011 47,16 0,34%
27/04/2011 47 -0,19%
26/04/2011 47,09

short
-0,77

01/08/2011 38,9 -3,71%
29/07/2011 40,4 2,15%
28/07/2011 39,55 -2,32%
27/07/2011 40,49 -1,58%
26/07/2011 41,14

short
-0,22

2011 - 3rd Quarter
27/10/2011 35,1 5,60%
26/10/2011 33,24 0,97%
25/10/2011 32,92 -3,80%
24/10/2011 34,22 2,76%
21/10/2011 33,3

buy
-2,86

2011 Annual Results
20/02/2012 37,2 1,36%

17/02/2012 36,7 5,10%
16/02/2012 34,92 0,52%
15/02/2012 34,74 -1,28%
14/02/2012 35,19

short
5,64

2012 - 1st Quarter
07/05/2012 32,64 2,71%
04/05/2012 31,78 -0,28%
03/05/2012 31,87 -0,41%
02/05/2012 32 1,14%
30/04/2012 31,64

buy
-0,69

30/07/2012 25,07 2,12%
27/07/2012 24,55 -10,66%
26/07/2012 27,48 4,45%
25/07/2012 26,31 0,96%
24/07/2012 26,06

buy
-6,69

2012 - 3rd Quarter
29/10/2012 26,82 -1,76%
26/10/2012 27,3 1,87%
25/10/2012 26,8 -0,19%
24/10/2012 26,85 0,41%
23/10/2012 26,74

buy
1,68

Peugeot

2010
Annual
Results
11/02/2011 30,14 -0,53%
10/02/2011 30,3 1,64%
09/02/2011 29,81 -4,46%
08/02/2011 31,2 4,28%
07/02/2011 29,92

buy
-2,88

2011 - 1st Quarter
26/04/2011 30,34 3,98%
21/04/2011 29,18 2,60%
20/04/2011 28,44 4,67%
19/04/2011 27,17 2,61%
18/04/2011 26,48

buy
7,40

29/07/2011 26,54 -1,81%
28/07/2011 27,03 -0,84%
27/07/2011 27,26 -7,59%
26/07/2011 29,5 -3,22%
25/07/2011 30,48

short
-8,37

2011 - 3rd Quarter
28/10/2011 16,63 -1,60%
27/10/2011 16,9 -0,12%
26/10/2011 16,92 -0,82%

25/10/2011 17,06 -2,40%
24/10/2011 17,48

short
-0,94

2011 Annual Results
17/02/2012 14,52 4,54%
16/02/2012 13,89 -1,21%
15/02/2012 14,06 -7,01%
14/02/2012 15,12 -2,33%
13/02/2012 15,48

short
-8,13

2012 - 1st Quarter
27/04/2012 9,08 0,22%
26/04/2012 9,06 -3,00%
25/04/2012 9,34 4,59%
24/04/2012 8,93 3,12%
23/04/2012 8,66

buy
1,46

27/07/2012 6,01 0,84%
26/07/2012 5,96 -1,97%
25/07/2012 6,08 -2,56%
24/07/2012 6,24 -4,00%
23/07/2012 6,5

short
-4,49

2012 - 3rd Quarter
26/10/2012 5,28 -1,68%

25/10/2012 5,37 -3,42%
24/10/2012 5,56 -4,63%
23/10/2012 5,83 -2,51%
22/10/2012 5,98

short
-7,89

Veolia

2010
Annual
Results
08/03/2011 22,36 0,81%
07/03/2011 22,18 0,18%
04/03/2011 22,14 -3,74%
03/03/2011 23 -0,04%
02/03/2011 23,01

short
-3,57

2011 - 1st Quarter
09/05/2011 22,21 -1,64%
06/05/2011 22,58 0,09%
05/05/2011 22,56 1,85%
04/05/2011 22,15 -1,82%
03/05/2011 22,56

short
1,94

08/08/2011 10,26 -7,98%
05/08/2011 11,15 -3,88%
04/08/2011 11,6 -18,88%
03/08/2011 14,3 -2,72%
02/08/2011 14,7

short
-22,03

2011 - 3rd Quarter
23/11/2011 8,16 0,12%
22/11/2011 8,15 -3,44%
21/11/2011 8,44 -3,87%
18/11/2011 8,78 1,27%
17/11/2011 8,67

buy
-7,18

2011 Annual Results
05/03/2012 10,94 -1,00%
02/03/2012 11,05 4,74%
01/03/2012 10,55 14,92%
29/02/2012 9,18 2,00%
28/02/2012 9

buy
20,37

2012 - 1st Quarter
08/05/2012 10,47 -1,87%
07/05/2012 10,67 1,81%
04/05/2012 10,48 0,48%
03/05/2012 10,43 -1,42%
02/05/2012 10,58

short
2,30

06/08/2012 8,29 -0,72%
03/08/2012 8,35 2,45%
02/08/2012 8,15 -11,61%

01/08/2012 9,22 0,44%
31/07/2012 9,18

buy
-9,44

2012 - 3rd Quarter
09/11/2012 7,9 -2,11%
08/11/2012 8,07 1,00%
07/11/2012 7,99 4,86%
06/11/2012 7,62 0,00%
05/11/2012 7,62

neutral
5,91

Cap Gemini

2010
Annual
Results
21/02/2011 41,78 -2,25%
18/02/0211 42,74 -0,35%
17/02/2011 42,89 7,63%
16/02/2011 39,85 2,23%
15/02/2011 38,98

buy
7,25

2011 - 1st Quarter
09/05/2011 41,4 0,75%
06/05/2011 41,09 1,26%
05/05/2011 40,58 0,17%
04/05/2011 40,51 -1,65%
03/05/2011 41,19

short
1,43

01/08/2011 33,72 -1,92%
29/08/2011 34,38 -2,33%
28/07/2011 35,2 -9,18%
27/07/2011 38,76 -0,26%
26/07/2011 38,86

short
-11,30

2011 - 3rd Quarter
10/11/2011 27,62 -0,07%
09/11/2011 27,64 -0,29%
08/11/2011 27,72 4,68%
07/11/2011 26,48 -1,93%
04/11/2011 27

buy
4,38

2012 - 1st Quarter
14/05/2012 28,4 -3,34%
11/05/2012 29,38 1,31%
10/05/2012 29 0,17%
09/05/2012 28,95 1,29%
08/05/2012 28,58

buy
1,49

30/07/2012 30 1,01%
27/07/2012 29,7 2,27%
26/07/2012 29,04 7,08%

25/07/2012 27,12 1,65%
24/07/2012 26,68

buy
9,51

2012 - 3rd Quarter
12/11/2012 30,74 -1,98%
09/11/2012 31,36 0,51%
08/11/2012 31,2 -4,59%
07/11/2012 32,7 -0,91%
06/11/2012 33

short
-4,10

STMicroelectronics

2010
Annual
Results
26/01/2011 8,52 4,16%
25/01/2011 8,18 -4,44%
24/01/2011 8,56 -0,70%
21/01/2011 8,62 1,29%
20/01/2011 8,51

buy
-5,10

2011 - 1st Quarter
06/04/2011 8,87 -1,44%
05/04/2011 9 2,51%
04/04/2011 8,78 -0,57%
01/04/2011 8,83 1,03%
31/03/2011 8,74

buy
1,93

22/07/2011 6,46 0,94%
21/07/2011 6,4 1,11%
20/07/2011 6,33 -0,31%
19/07/2011 6,35 3,42%
18/07/2011 6,14

buy
0,79

2011 - 3rd Quarter
21/10/2011 5,32 4,31%
20/10/2011 5,1 -1,35%
19/10/2011 5,17 -2,64%
18/10/2011 5,31 1,14%
17/10/2011 5,25

buy
-3,95

2011 Annual Results
25/01/2012 5,17 -2,45%
24/01/2012 5,3 -5,86%
23/01/2012 5,63 0,72%
20/01/2012 5,59 -0,71%
19/01/2012 5,63

short
-5,19

2012 - 1st Quarter
25/04/2012 4,47 1,82%
24/04/2012 4,39 1,86%
23/04/2012 4,31 -13,80%
20/04/2012 5 -1,38%
19/04/2012 5,07

short
-12,20

19/07/2012 4,17 2,21%
18/07/2012 4,08 7,37%
17/07/2012 3,8 -1,55%
16/07/2012 3,86 -0,26%
13/07/2012 3,87

short
5,70

2012 - 3rd Quarter
25/10/2012 4,7 -2,49%
24/10/2012 4,82 3,66%
23/10/2012 4,65 -2,72%
22/10/2012 4,78 0,00%
19/10/2012 4,78

neutral
0,84

Schneider

2010
Annual
Results
21/02/2011 58,2 -2,32%
18/02/2011 59,58 1,02%
17/02/2011 58,98 2,54%
16/02/2011 57,52 0,07%
15/02/2011 57,48

buy
3,58

2011 - 1st Quarter

26/04/2011 58,6 -0,09%
21/04/2011 58,65 2,68%
20/04/2011 57,12 2,27%
19/04/2011 55,85 2,82%
18/04/2011 54,32

buy
5,01

02/08/2012 47,96 -4,12%
01/08/2012 50,02 -1,11%
29/07/2011 50,58 -1,50%
28/07/2011 51,35 0,20%
27/07/2011 51,25

buy
-2,59

2011 - 3rd Quarter
24/10/2011 43,59 3,39%
21/10/2011 42,16 2,28%
20/10/2011 41,22 -7,62%
19/10/2011 44,62 -0,60%
18/10/2011 44,89

short
-5,51

2011 Annual Results
24/02/2012 51,05 1,11%
23/02/2012 50,49 -0,41%
22/02/2012 50,7 5,98%
21/02/2012 47,84 -3,20%
20/02/2012 49,42

short
5,54

2012 - 1st Quarter
24/04/2012 46,44 2,97%
23/04/2012 45,1 -4,81%
20/04/2012 47,38 -0,08%
19/04/2012 47,42 -0,36%
18/04/2012 47,59

short
-4,89

03/08/2012 49,88 7,27%
02/08/2012 46,5 -3,49%
01/08/2012 48,18 4,67%
31/07/2012 46,03 -2,73%
30/07/2012 47,32

short
1,02

2012 - 3rd Quarter
29/10/2012 47,62 -1,08%
26/10/2012 48,14 0,42%
25/10/2012 47,94 -1,18%
24/10/2012 48,51 1,36%
23/10/2012 47,86

buy
-0,76

Technip

2010
Annual
Results
21/02/2011 70,64 -2,07%

18/02/2011 72,13 -2,92%
17/02/2011 74,3 1,92%
16/02/2011 72,9 -1,25%
15/02/2011 73,82

short
-1,06

2011 - 1st Quarter
02/05/2011 75,2 -1,26%
29/05/2011 76,16 1,60%
28/04/2011 74,96 -2,46%
27/04/2011 76,85 0,07%
26/04/2011 76,8

buy
-0,90

01/08/2011 76,33 -0,04%
29/07/2011 76,36 1,21%
28/07/2011 75,45 2,19%
27/07/2011 73,83 -2,80%
26/07/2011 75,96

short
3,43

2011 - 3rd Quarter
31/10/2011 68,72 -4,26%
28/10/2011 71,78 0,15%
27/10/2011 71,67 5,43%
26/10/2011 67,98 -1,16%
25/10/2011 68,78

short
5,59

2011 Annual Results

20/02/2012 81,17 2,22%
17/02/2012 79,41 -0,49%
16/02/2012 79,8 1,95%
15/02/2012 78,27 3,26%
14/02/2012 75,8

buy
1,46

2012 - 1st Quarter
30/04/2012 85,43 -1,23%
27/04/2012 86,49 -2,45%
26/04/2012 88,66 -0,62%
25/04/2012 89,21 2,92%
24/04/2012 86,68

buy
-3,05

30/07/2012 87,35 -0,94%
27/07/2012 88,18 0,49%
26/07/2012 87,75 2,94%
25/07/2012 85,24 0,78%
24/07/2012 84,58

buy
3,45

2012 - 3rd Quarter
29/10/2012 86,89 -0,23%
26/10/2012 87,09 -1,82%
25/10/2012 88,7 0,48%
24/10/2012 88,28 -0,20%
23/10/2012 88,46

buy
-1,35

Unibail

2010
Annual
Results
11/02/2011 144,45 0,59%
10/02/2011 143,6 1,20%
09/02/2011 141,9 1,00%
08/02/2011 140,5 0,54%
07/02/2011 139,75

buy
2,21

2011 - 1st Quarter
28/04/2011 156,3 0,84%
27/04/2011 155 0,10%
26/04/2011 154,85 0,58%
21/04/2011 153,95 1,15%
20/04/2011 152,2

buy
0,68

22/07/2011 157,65 1,32%
21/07/2011 155,6 2,30%
20/07/2011 152,1 0,90%
19/07/2011 150,75 0,63%
18/07/2011 149,8

buy
3,22

2011 - 3rd Quarter
01/11/2011 138,8 -3,94%

31/10/2011 144,5 -1,10%
28/10/2011 146,1 -0,27%
27/10/2011 146,5 5,02%
26/10/2011 139,5

buy
-1,37

2011 Annual Results
03/02/2012 143,8 -1,78%
02/02/2012 146,4 -2,92%
01/02/2012 150,8 2,72%
31/01/2012 146,8 -0,14%
30/01/2012 147

short
-0,27

2012 - 1st Quarter
30/04/2012 141,2 -2,45%
27/04/2012 144,75 1,05%
26/04/2012 143,25 -0,73%
25/04/2012 144,3 0,00%
24/04/2012 144,3

neutral
0,31

25/07/2012 152,55 2,01%
24/07/2012 149,55 1,56%
23/07/2012 147,25 -2,03%
20/07/2012 150,3 -0,79%
19/07/2012 151,5

buy
-0,50

2012 - 3rd Quarter

30/10/2012 173,15 0,82%
29/10/2012 171,75 0,76%
26/10/2012 170,45 0,62%
25/10/2012 169,4 0,95%
24/10/2012 167,8

buy
1,39

Vivendi

2010
Annual
Results
03/03/2011 19,98 -0,30%
02/03/2011 20,04 -1,72%
01/03/2011 20,39 -1,31%
28/02/2011 20,66 0,58%
25/02/2011 20,54

buy
-3,00

2011 - 1st Quarter
16/05/2011 19,24 -0,82%
13/05/2011 19,4 1,52%
12/05/2011 19,11 -1,55%
11/05/2011 19,41 1,30%
10/05/2011 19,16

buy
-0,05

02/09/2011 16,75 -3,07%
01/09/2011 17,28 1,89%
31/08/2011 16,96 4,82%
30/08/2011 16,18 0,81%

29/08/2011 16,05

buy
6,80

2011 - 3rd Quarter
18/11/2011 16,26 2,39%
17/11/2011 15,88 -2,82%
16/11/2011 16,34 5,56%
15/11/2011 15,48 -2,52%
14/11/2011 15,88

short
2,58

2011 Annual Results
05/03/2012 14,14 -1,53%
02/03/2012 14,36 -0,97%
01/03/2012 14,5 -10,05%
29/02/2012 16,12 -1,23%
28/02/2012 16,32

short
-10,92

2012 - 1st Quarter
16/05/2012 13 2,52%
15/05/2012 12,68 2,01%
14/05/2012 12,43 -2,74%
11/05/2012 12,78 -1,99%
10/05/2012 13,04

short
-0,78

03/09/2012 15,72 0,83%
31/08/2012 15,59 -0,06%

price analysis of CAC40's stocks during the period of earning results

price analysis of CAC40's stocks during the period of earning results

Recommandé

Recommandé

Contenu connexe

En vedette

En vedette (19)

Similaire à price analysis of CAC40's stocks during the period of earning results

Similaire à price analysis of CAC40's stocks during the period of earning results (7)

Dernier

Dernier (20)

price analysis of CAC40's stocks during the period of earning results