tag:blogger.com,1999:blog-41258808789131066402024-03-06T02:06:22.098+01:00Blog bourse & biotech de sachakinUnknownnoreply@blogger.comBlogger232110tag:blogger.com,1999:blog-4125880878913106640.post-54305791561662227422011-04-08T00:43:00.005+02:002011-04-08T00:52:41.892+02:00Fermeture du Blog - Retrouvez-moi sur Objectif Eco et ABC Bourse<div class="" style="clear: both; text-align: left;">
<a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEi4m0GPkataBJ-4jfiMjf9BtxSxo-R-X4mvVg7dYgynY42pyRlNahGzhGPSt4dc9Sr4DgSZnsh-A6GTGMflI6jJMmqqvkVdwNvyfvH8Ktq7M8VxQmeVBi-jsfWuLCoemuZ6EdDvqofKOCTQ/s1600/Logo_objectifeco_ABC+Bourse.jpg" imageanchor="1" style="clear: left; float: left; margin-bottom: 1em; margin-right: 1em;"><img border="0" height="141" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEi4m0GPkataBJ-4jfiMjf9BtxSxo-R-X4mvVg7dYgynY42pyRlNahGzhGPSt4dc9Sr4DgSZnsh-A6GTGMflI6jJMmqqvkVdwNvyfvH8Ktq7M8VxQmeVBi-jsfWuLCoemuZ6EdDvqofKOCTQ/s200/Logo_objectifeco_ABC+Bourse.jpg" width="200" /></a>J'ai renoncé à ce Blog pour mettre à profit mon expérience au sein d'une équipe conduite par Charles Dereeper sur le site Objectifeco. Vous pouvez désormais me suivre à cette adresse : <a href="http://www.objectifeco.com/auteur/sacha-pouget">http://www.objectifeco.com/auteur/sacha-pouget</a> </div>
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Je suis aussi désormais chroniqueur sur le site ABC Bourse :</div>
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<a href="http://www.abcbourse.com/analyses/chroniques.aspx?a=Sacha%20Pouget">http://www.abcbourse.com/analyses/chroniques.aspx?a=Sacha%20Pouget</a></div>
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<br />Unknownnoreply@blogger.com4tag:blogger.com,1999:blog-4125880878913106640.post-55118960939111578882011-04-07T01:46:00.001+02:002011-04-07T01:47:33.444+02:00Frais de Courtage pour actions Françaises (comparatif broker)<br />
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<a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEgfhyIG7aRMezg_JhK_KuvfWCMmqXPMaw0mmZBzAG8cTPsafsAu8557nQkJlh_hJoQ_XdO74LQs36gqsxizaR0xDLJMMQdVnFnBAGsqawKHkkbnYDQaqzl7-tdnb1tvV3g7jKm3fwu5EDju/s1600/stock-chart.jpg" imageanchor="1" style="clear: left; float: left; margin-bottom: 1em; margin-right: 1em;"><img border="0" height="133" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEgfhyIG7aRMezg_JhK_KuvfWCMmqXPMaw0mmZBzAG8cTPsafsAu8557nQkJlh_hJoQ_XdO74LQs36gqsxizaR0xDLJMMQdVnFnBAGsqawKHkkbnYDQaqzl7-tdnb1tvV3g7jKm3fwu5EDju/s200/stock-chart.jpg" width="200" /></a></div>
Frais de courtage pour 5 transactions par mois, de 3000 Euros / ordre, au 01/04/2011<br />
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<span style="font-family: Arial; font-size: 8pt;">COURTIERS (OFFRES)<o:p></o:p></span></div>
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<span style="font-family: Arial; font-size: 8pt;">DÉPÔT MINI.<o:p></o:p></span></div>
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<span style="font-family: Arial; font-size: 8pt;">COÛT MOY / ORDRE<o:p></o:p></span></div>
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<span style="font-family: Arial; font-size: 8pt;">COÛT ANNUEL<o:p></o:p></span></div>
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<td nowrap="" style="border-left: none; border: solid windowtext 1.0pt; height: 13.5pt; padding: 0in 3.5pt 0in 3.5pt; width: 70.0pt;" valign="bottom" width="93"><div align="center" class="MsoNormal" style="text-align: center;">
<span style="font-family: Arial; font-size: 8pt;">DROIT DE GARDE<o:p></o:p></span></div>
</td>
<td nowrap="" style="border-left: none; border: solid windowtext 1.0pt; height: 13.5pt; padding: 0in 3.5pt 0in 3.5pt; width: 59.0pt;" valign="bottom" width="79"><div align="center" class="MsoNormal" style="text-align: center;">
<span style="font-family: Arial; font-size: 8pt;">COÛT ANNUEL<o:p></o:p></span></div>
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<span style="font-family: Arial; font-size: 8pt;">Bourse Direct(Bourse Direct)<o:p></o:p></span></div>
</td>
<td nowrap="" style="border-bottom: solid windowtext 1.0pt; border-left: none; border-right: solid windowtext 1.0pt; border-top: none; height: 12.75pt; mso-border-bottom-alt: solid windowtext .5pt; mso-border-right-alt: solid windowtext 1.0pt; padding: 0in 3.5pt 0in 3.5pt; width: 49.0pt;" valign="bottom" width="65"><div align="center" class="MsoNormal" style="text-align: center;">
<span style="font-family: Arial; font-size: 8pt;">1 000.00 <o:p></o:p></span></div>
</td>
<td nowrap="" style="border-bottom: solid windowtext 1.0pt; border-left: none; border-right: solid windowtext 1.0pt; border-top: none; height: 12.75pt; mso-border-bottom-alt: solid windowtext .5pt; mso-border-right-alt: solid windowtext 1.0pt; padding: 0in 3.5pt 0in 3.5pt; width: 80.0pt;" valign="bottom" width="107"><div align="center" class="MsoNormal" style="text-align: center;">
<span style="font-family: Arial; font-size: 8pt;">2.7<o:p></o:p></span></div>
</td>
<td nowrap="" style="border-bottom: solid windowtext 1.0pt; border-left: none; border-right: solid windowtext 1.0pt; border-top: none; height: 12.75pt; mso-border-bottom-alt: solid windowtext .5pt; mso-border-right-alt: solid windowtext 1.0pt; padding: 0in 3.5pt 0in 3.5pt; width: 59.0pt;" valign="bottom" width="79"><div align="center" class="MsoNormal" style="text-align: center;">
<span style="font-family: Arial; font-size: 8pt;">162<o:p></o:p></span></div>
</td>
<td nowrap="" style="border-bottom: solid windowtext 1.0pt; border-left: none; border-right: solid windowtext 1.0pt; border-top: none; height: 12.75pt; mso-border-bottom-alt: solid windowtext .5pt; mso-border-right-alt: solid windowtext 1.0pt; padding: 0in 3.5pt 0in 3.5pt; width: 70.0pt;" valign="bottom" width="93"><div align="center" class="MsoNormal" style="text-align: center;">
<span style="font-family: Arial; font-size: 8pt;">0<o:p></o:p></span></div>
</td>
<td nowrap="" style="border-bottom: solid windowtext 1.0pt; border-left: none; border-right: solid windowtext 1.0pt; border-top: none; height: 12.75pt; mso-border-bottom-alt: solid windowtext .5pt; mso-border-right-alt: solid windowtext 1.0pt; padding: 0in 3.5pt 0in 3.5pt; width: 59.0pt;" valign="bottom" width="79"><div align="center" class="MsoNormal" style="text-align: center;">
<span style="font-family: Arial; font-size: 8pt;">162<o:p></o:p></span></div>
</td>
</tr>
<tr style="height: 12.75pt; mso-yfti-irow: 2;">
<td nowrap="" style="border-top: none; border: solid windowtext 1.0pt; height: 12.75pt; mso-border-bottom-alt: solid windowtext .5pt; mso-border-left-alt: solid windowtext 1.0pt; mso-border-right-alt: solid windowtext 1.0pt; padding: 0in 3.5pt 0in 3.5pt; width: 153.0pt;" valign="bottom" width="204"><div class="MsoNormal">
<span style="font-family: Arial; font-size: 8pt;">Saxo banque(Compte Saxo Trader) <o:p></o:p></span></div>
</td>
<td nowrap="" style="border-bottom: solid windowtext 1.0pt; border-left: none; border-right: solid windowtext 1.0pt; border-top: none; height: 12.75pt; mso-border-bottom-alt: solid windowtext .5pt; mso-border-right-alt: solid windowtext 1.0pt; padding: 0in 3.5pt 0in 3.5pt; width: 49.0pt;" valign="bottom" width="65"><div align="center" class="MsoNormal" style="text-align: center;">
<span style="font-family: Arial; font-size: 8pt;">10 000.00 <o:p></o:p></span></div>
</td>
<td nowrap="" style="border-bottom: solid windowtext 1.0pt; border-left: none; border-right: solid windowtext 1.0pt; border-top: none; height: 12.75pt; mso-border-bottom-alt: solid windowtext .5pt; mso-border-right-alt: solid windowtext 1.0pt; padding: 0in 3.5pt 0in 3.5pt; width: 80.0pt;" valign="bottom" width="107"><div align="center" class="MsoNormal" style="text-align: center;">
<span style="font-family: Arial; font-size: 8pt;">5<o:p></o:p></span></div>
</td>
<td nowrap="" style="border-bottom: solid windowtext 1.0pt; border-left: none; border-right: solid windowtext 1.0pt; border-top: none; height: 12.75pt; mso-border-bottom-alt: solid windowtext .5pt; mso-border-right-alt: solid windowtext 1.0pt; padding: 0in 3.5pt 0in 3.5pt; width: 59.0pt;" valign="bottom" width="79"><div align="center" class="MsoNormal" style="text-align: center;">
<span style="font-family: Arial; font-size: 8pt;">300<o:p></o:p></span></div>
</td>
<td nowrap="" style="border-bottom: solid windowtext 1.0pt; border-left: none; border-right: solid windowtext 1.0pt; border-top: none; height: 12.75pt; mso-border-bottom-alt: solid windowtext .5pt; mso-border-right-alt: solid windowtext 1.0pt; padding: 0in 3.5pt 0in 3.5pt; width: 70.0pt;" valign="bottom" width="93"><div align="center" class="MsoNormal" style="text-align: center;">
<span style="font-family: Arial; font-size: 8pt;">0<o:p></o:p></span></div>
</td>
<td nowrap="" style="border-bottom: solid windowtext 1.0pt; border-left: none; border-right: solid windowtext 1.0pt; border-top: none; height: 12.75pt; mso-border-bottom-alt: solid windowtext .5pt; mso-border-right-alt: solid windowtext 1.0pt; padding: 0in 3.5pt 0in 3.5pt; width: 59.0pt;" valign="bottom" width="79"><div align="center" class="MsoNormal" style="text-align: center;">
<span style="font-family: Arial; font-size: 8pt;">300<o:p></o:p></span></div>
</td>
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<tr style="height: 12.75pt; mso-yfti-irow: 3;">
<td nowrap="" style="border-top: none; border: solid windowtext 1.0pt; height: 12.75pt; mso-border-bottom-alt: solid windowtext .5pt; mso-border-left-alt: solid windowtext 1.0pt; mso-border-right-alt: solid windowtext 1.0pt; padding: 0in 3.5pt 0in 3.5pt; width: 153.0pt;" valign="bottom" width="204"><div class="MsoNormal">
<span lang="EN-US" style="font-family: Arial; font-size: 8pt;">Binck Bank(Bourse NYSE
Euronext) <o:p></o:p></span></div>
</td>
<td nowrap="" style="border-bottom: solid windowtext 1.0pt; border-left: none; border-right: solid windowtext 1.0pt; border-top: none; height: 12.75pt; mso-border-bottom-alt: solid windowtext .5pt; mso-border-right-alt: solid windowtext 1.0pt; padding: 0in 3.5pt 0in 3.5pt; width: 49.0pt;" valign="bottom" width="65"><div align="center" class="MsoNormal" style="text-align: center;">
<span style="font-family: Arial; font-size: 8pt;">Aucun<o:p></o:p></span></div>
</td>
<td nowrap="" style="border-bottom: solid windowtext 1.0pt; border-left: none; border-right: solid windowtext 1.0pt; border-top: none; height: 12.75pt; mso-border-bottom-alt: solid windowtext .5pt; mso-border-right-alt: solid windowtext 1.0pt; padding: 0in 3.5pt 0in 3.5pt; width: 80.0pt;" valign="bottom" width="107"><div align="center" class="MsoNormal" style="text-align: center;">
<span style="font-family: Arial; font-size: 8pt;">5<o:p></o:p></span></div>
</td>
<td nowrap="" style="border-bottom: solid windowtext 1.0pt; border-left: none; border-right: solid windowtext 1.0pt; border-top: none; height: 12.75pt; mso-border-bottom-alt: solid windowtext .5pt; mso-border-right-alt: solid windowtext 1.0pt; padding: 0in 3.5pt 0in 3.5pt; width: 59.0pt;" valign="bottom" width="79"><div align="center" class="MsoNormal" style="text-align: center;">
<span style="font-family: Arial; font-size: 8pt;">300<o:p></o:p></span></div>
</td>
<td nowrap="" style="border-bottom: solid windowtext 1.0pt; border-left: none; border-right: solid windowtext 1.0pt; border-top: none; height: 12.75pt; mso-border-bottom-alt: solid windowtext .5pt; mso-border-right-alt: solid windowtext 1.0pt; padding: 0in 3.5pt 0in 3.5pt; width: 70.0pt;" valign="bottom" width="93"><div align="center" class="MsoNormal" style="text-align: center;">
<span style="font-family: Arial; font-size: 8pt;">0<o:p></o:p></span></div>
</td>
<td nowrap="" style="border-bottom: solid windowtext 1.0pt; border-left: none; border-right: solid windowtext 1.0pt; border-top: none; height: 12.75pt; mso-border-bottom-alt: solid windowtext .5pt; mso-border-right-alt: solid windowtext 1.0pt; padding: 0in 3.5pt 0in 3.5pt; width: 59.0pt;" valign="bottom" width="79"><div align="center" class="MsoNormal" style="text-align: center;">
<span style="font-family: Arial; font-size: 8pt;">300<o:p></o:p></span></div>
</td>
</tr>
<tr style="height: 12.75pt; mso-yfti-irow: 4;">
<td nowrap="" style="border-top: none; border: solid windowtext 1.0pt; height: 12.75pt; mso-border-bottom-alt: solid windowtext .5pt; mso-border-left-alt: solid windowtext 1.0pt; mso-border-right-alt: solid windowtext 1.0pt; padding: 0in 3.5pt 0in 3.5pt; width: 153.0pt;" valign="bottom" width="204"><div class="MsoNormal">
<span style="font-family: Arial; font-size: 8pt;">Capitol(Premium)<o:p></o:p></span></div>
</td>
<td nowrap="" style="border-bottom: solid windowtext 1.0pt; border-left: none; border-right: solid windowtext 1.0pt; border-top: none; height: 12.75pt; mso-border-bottom-alt: solid windowtext .5pt; mso-border-right-alt: solid windowtext 1.0pt; padding: 0in 3.5pt 0in 3.5pt; width: 49.0pt;" valign="bottom" width="65"><div align="center" class="MsoNormal" style="text-align: center;">
<span style="font-family: Arial; font-size: 8pt;">1 000.00 <o:p></o:p></span></div>
</td>
<td nowrap="" style="border-bottom: solid windowtext 1.0pt; border-left: none; border-right: solid windowtext 1.0pt; border-top: none; height: 12.75pt; mso-border-bottom-alt: solid windowtext .5pt; mso-border-right-alt: solid windowtext 1.0pt; padding: 0in 3.5pt 0in 3.5pt; width: 80.0pt;" valign="bottom" width="107"><div align="center" class="MsoNormal" style="text-align: center;">
<span style="font-family: Arial; font-size: 8pt;">7.5<o:p></o:p></span></div>
</td>
<td nowrap="" style="border-bottom: solid windowtext 1.0pt; border-left: none; border-right: solid windowtext 1.0pt; border-top: none; height: 12.75pt; mso-border-bottom-alt: solid windowtext .5pt; mso-border-right-alt: solid windowtext 1.0pt; padding: 0in 3.5pt 0in 3.5pt; width: 59.0pt;" valign="bottom" width="79"><div align="center" class="MsoNormal" style="text-align: center;">
<span style="font-family: Arial; font-size: 8pt;">450<o:p></o:p></span></div>
</td>
<td nowrap="" style="border-bottom: solid windowtext 1.0pt; border-left: none; border-right: solid windowtext 1.0pt; border-top: none; height: 12.75pt; mso-border-bottom-alt: solid windowtext .5pt; mso-border-right-alt: solid windowtext 1.0pt; padding: 0in 3.5pt 0in 3.5pt; width: 70.0pt;" valign="bottom" width="93"><div align="center" class="MsoNormal" style="text-align: center;">
<span style="font-family: Arial; font-size: 8pt;">0<o:p></o:p></span></div>
</td>
<td nowrap="" style="border-bottom: solid windowtext 1.0pt; border-left: none; border-right: solid windowtext 1.0pt; border-top: none; height: 12.75pt; mso-border-bottom-alt: solid windowtext .5pt; mso-border-right-alt: solid windowtext 1.0pt; padding: 0in 3.5pt 0in 3.5pt; width: 59.0pt;" valign="bottom" width="79"><div align="center" class="MsoNormal" style="text-align: center;">
<span style="font-family: Arial; font-size: 8pt;">450<o:p></o:p></span></div>
</td>
</tr>
<tr style="height: 12.75pt; mso-yfti-irow: 5;">
<td nowrap="" style="border-top: none; border: solid windowtext 1.0pt; height: 12.75pt; mso-border-bottom-alt: solid windowtext .5pt; mso-border-left-alt: solid windowtext 1.0pt; mso-border-right-alt: solid windowtext 1.0pt; padding: 0in 3.5pt 0in 3.5pt; width: 153.0pt;" valign="bottom" width="204"><div class="MsoNormal">
<span style="font-family: Arial; font-size: 8pt;">ING Direct(Bourse ING)<o:p></o:p></span></div>
</td>
<td nowrap="" style="border-bottom: solid windowtext 1.0pt; border-left: none; border-right: solid windowtext 1.0pt; border-top: none; height: 12.75pt; mso-border-bottom-alt: solid windowtext .5pt; mso-border-right-alt: solid windowtext 1.0pt; padding: 0in 3.5pt 0in 3.5pt; width: 49.0pt;" valign="bottom" width="65"><div align="center" class="MsoNormal" style="text-align: center;">
<span style="font-family: Arial; font-size: 8pt;">Aucun<o:p></o:p></span></div>
</td>
<td nowrap="" style="border-bottom: solid windowtext 1.0pt; border-left: none; border-right: solid windowtext 1.0pt; border-top: none; height: 12.75pt; mso-border-bottom-alt: solid windowtext .5pt; mso-border-right-alt: solid windowtext 1.0pt; padding: 0in 3.5pt 0in 3.5pt; width: 80.0pt;" valign="bottom" width="107"><div align="center" class="MsoNormal" style="text-align: center;">
<span style="font-family: Arial; font-size: 8pt;">9<o:p></o:p></span></div>
</td>
<td nowrap="" style="border-bottom: solid windowtext 1.0pt; border-left: none; border-right: solid windowtext 1.0pt; border-top: none; height: 12.75pt; mso-border-bottom-alt: solid windowtext .5pt; mso-border-right-alt: solid windowtext 1.0pt; padding: 0in 3.5pt 0in 3.5pt; width: 59.0pt;" valign="bottom" width="79"><div align="center" class="MsoNormal" style="text-align: center;">
<span style="font-family: Arial; font-size: 8pt;">540<o:p></o:p></span></div>
</td>
<td nowrap="" style="border-bottom: solid windowtext 1.0pt; border-left: none; border-right: solid windowtext 1.0pt; border-top: none; height: 12.75pt; mso-border-bottom-alt: solid windowtext .5pt; mso-border-right-alt: solid windowtext 1.0pt; padding: 0in 3.5pt 0in 3.5pt; width: 70.0pt;" valign="bottom" width="93"><div align="center" class="MsoNormal" style="text-align: center;">
<span style="font-family: Arial; font-size: 8pt;">0<o:p></o:p></span></div>
</td>
<td nowrap="" style="border-bottom: solid windowtext 1.0pt; border-left: none; border-right: solid windowtext 1.0pt; border-top: none; height: 12.75pt; mso-border-bottom-alt: solid windowtext .5pt; mso-border-right-alt: solid windowtext 1.0pt; padding: 0in 3.5pt 0in 3.5pt; width: 59.0pt;" valign="bottom" width="79"><div align="center" class="MsoNormal" style="text-align: center;">
<span style="font-family: Arial; font-size: 8pt;">540<o:p></o:p></span></div>
</td>
</tr>
<tr style="height: 12.75pt; mso-yfti-irow: 6;">
<td nowrap="" style="border-top: none; border: solid windowtext 1.0pt; height: 12.75pt; mso-border-bottom-alt: solid windowtext .5pt; mso-border-left-alt: solid windowtext 1.0pt; mso-border-right-alt: solid windowtext 1.0pt; padding: 0in 3.5pt 0in 3.5pt; width: 153.0pt;" valign="bottom" width="204"><div class="MsoNormal">
<span style="font-family: Arial; font-size: 8pt;">Axa Banque(Bourse Axa)<o:p></o:p></span></div>
</td>
<td nowrap="" style="border-bottom: solid windowtext 1.0pt; border-left: none; border-right: solid windowtext 1.0pt; border-top: none; height: 12.75pt; mso-border-bottom-alt: solid windowtext .5pt; mso-border-right-alt: solid windowtext 1.0pt; padding: 0in 3.5pt 0in 3.5pt; width: 49.0pt;" valign="bottom" width="65"><div align="center" class="MsoNormal" style="text-align: center;">
<span style="font-family: Arial; font-size: 8pt;">Aucun<o:p></o:p></span></div>
</td>
<td nowrap="" style="border-bottom: solid windowtext 1.0pt; border-left: none; border-right: solid windowtext 1.0pt; border-top: none; height: 12.75pt; mso-border-bottom-alt: solid windowtext .5pt; mso-border-right-alt: solid windowtext 1.0pt; padding: 0in 3.5pt 0in 3.5pt; width: 80.0pt;" valign="bottom" width="107"><div align="center" class="MsoNormal" style="text-align: center;">
<span style="font-family: Arial; font-size: 8pt;">9<o:p></o:p></span></div>
</td>
<td nowrap="" style="border-bottom: solid windowtext 1.0pt; border-left: none; border-right: solid windowtext 1.0pt; border-top: none; height: 12.75pt; mso-border-bottom-alt: solid windowtext .5pt; mso-border-right-alt: solid windowtext 1.0pt; padding: 0in 3.5pt 0in 3.5pt; width: 59.0pt;" valign="bottom" width="79"><div align="center" class="MsoNormal" style="text-align: center;">
<span style="font-family: Arial; font-size: 8pt;">540<o:p></o:p></span></div>
</td>
<td nowrap="" style="border-bottom: solid windowtext 1.0pt; border-left: none; border-right: solid windowtext 1.0pt; border-top: none; height: 12.75pt; mso-border-bottom-alt: solid windowtext .5pt; mso-border-right-alt: solid windowtext 1.0pt; padding: 0in 3.5pt 0in 3.5pt; width: 70.0pt;" valign="bottom" width="93"><div align="center" class="MsoNormal" style="text-align: center;">
<span style="font-family: Arial; font-size: 8pt;">36<o:p></o:p></span></div>
</td>
<td nowrap="" style="border-bottom: solid windowtext 1.0pt; border-left: none; border-right: solid windowtext 1.0pt; border-top: none; height: 12.75pt; mso-border-bottom-alt: solid windowtext .5pt; mso-border-right-alt: solid windowtext 1.0pt; padding: 0in 3.5pt 0in 3.5pt; width: 59.0pt;" valign="bottom" width="79"><div align="center" class="MsoNormal" style="text-align: center;">
<span style="font-family: Arial; font-size: 8pt;">576<o:p></o:p></span></div>
</td>
</tr>
<tr style="height: 12.75pt; mso-yfti-irow: 7;">
<td nowrap="" style="border-top: none; border: solid windowtext 1.0pt; height: 12.75pt; mso-border-bottom-alt: solid windowtext .5pt; mso-border-left-alt: solid windowtext 1.0pt; mso-border-right-alt: solid windowtext 1.0pt; padding: 0in 3.5pt 0in 3.5pt; width: 153.0pt;" valign="bottom" width="204"><div class="MsoNormal">
<span style="font-family: Arial; font-size: 8pt;">Dubus(Tarif I)<o:p></o:p></span></div>
</td>
<td nowrap="" style="border-bottom: solid windowtext 1.0pt; border-left: none; border-right: solid windowtext 1.0pt; border-top: none; height: 12.75pt; mso-border-bottom-alt: solid windowtext .5pt; mso-border-right-alt: solid windowtext 1.0pt; padding: 0in 3.5pt 0in 3.5pt; width: 49.0pt;" valign="bottom" width="65"><div align="center" class="MsoNormal" style="text-align: center;">
<span style="font-family: Arial; font-size: 8pt;">Aucun<o:p></o:p></span></div>
</td>
<td nowrap="" style="border-bottom: solid windowtext 1.0pt; border-left: none; border-right: solid windowtext 1.0pt; border-top: none; height: 12.75pt; mso-border-bottom-alt: solid windowtext .5pt; mso-border-right-alt: solid windowtext 1.0pt; padding: 0in 3.5pt 0in 3.5pt; width: 80.0pt;" valign="bottom" width="107"><div align="center" class="MsoNormal" style="text-align: center;">
<span style="font-family: Arial; font-size: 8pt;">9<o:p></o:p></span></div>
</td>
<td nowrap="" style="border-bottom: solid windowtext 1.0pt; border-left: none; border-right: solid windowtext 1.0pt; border-top: none; height: 12.75pt; mso-border-bottom-alt: solid windowtext .5pt; mso-border-right-alt: solid windowtext 1.0pt; padding: 0in 3.5pt 0in 3.5pt; width: 59.0pt;" valign="bottom" width="79"><div align="center" class="MsoNormal" style="text-align: center;">
<span style="font-family: Arial; font-size: 8pt;">540<o:p></o:p></span></div>
</td>
<td nowrap="" style="border-bottom: solid windowtext 1.0pt; border-left: none; border-right: solid windowtext 1.0pt; border-top: none; height: 12.75pt; mso-border-bottom-alt: solid windowtext .5pt; mso-border-right-alt: solid windowtext 1.0pt; padding: 0in 3.5pt 0in 3.5pt; width: 70.0pt;" valign="bottom" width="93"><div align="center" class="MsoNormal" style="text-align: center;">
<span style="font-family: Arial; font-size: 8pt;">100<o:p></o:p></span></div>
</td>
<td nowrap="" style="border-bottom: solid windowtext 1.0pt; border-left: none; border-right: solid windowtext 1.0pt; border-top: none; height: 12.75pt; mso-border-bottom-alt: solid windowtext .5pt; mso-border-right-alt: solid windowtext 1.0pt; padding: 0in 3.5pt 0in 3.5pt; width: 59.0pt;" valign="bottom" width="79"><div align="center" class="MsoNormal" style="text-align: center;">
<span style="font-family: Arial; font-size: 8pt;">640<o:p></o:p></span></div>
</td>
</tr>
<tr style="height: 12.75pt; mso-yfti-irow: 8;">
<td nowrap="" style="border-top: none; border: solid windowtext 1.0pt; height: 12.75pt; mso-border-bottom-alt: solid windowtext .5pt; mso-border-left-alt: solid windowtext 1.0pt; mso-border-right-alt: solid windowtext 1.0pt; padding: 0in 3.5pt 0in 3.5pt; width: 153.0pt;" valign="bottom" width="204"><div class="MsoNormal">
<span style="font-family: Arial; font-size: 8pt;">ABS(Trader One)<o:p></o:p></span></div>
</td>
<td nowrap="" style="border-bottom: solid windowtext 1.0pt; border-left: none; border-right: solid windowtext 1.0pt; border-top: none; height: 12.75pt; mso-border-bottom-alt: solid windowtext .5pt; mso-border-right-alt: solid windowtext 1.0pt; padding: 0in 3.5pt 0in 3.5pt; width: 49.0pt;" valign="bottom" width="65"><div align="center" class="MsoNormal" style="text-align: center;">
<span style="font-family: Arial; font-size: 8pt;">4 500.00 <o:p></o:p></span></div>
</td>
<td nowrap="" style="border-bottom: solid windowtext 1.0pt; border-left: none; border-right: solid windowtext 1.0pt; border-top: none; height: 12.75pt; mso-border-bottom-alt: solid windowtext .5pt; mso-border-right-alt: solid windowtext 1.0pt; padding: 0in 3.5pt 0in 3.5pt; width: 80.0pt;" valign="bottom" width="107"><div align="center" class="MsoNormal" style="text-align: center;">
<span style="font-family: Arial; font-size: 8pt;">10.8<o:p></o:p></span></div>
</td>
<td nowrap="" style="border-bottom: solid windowtext 1.0pt; border-left: none; border-right: solid windowtext 1.0pt; border-top: none; height: 12.75pt; mso-border-bottom-alt: solid windowtext .5pt; mso-border-right-alt: solid windowtext 1.0pt; padding: 0in 3.5pt 0in 3.5pt; width: 59.0pt;" valign="bottom" width="79"><div align="center" class="MsoNormal" style="text-align: center;">
<span style="font-family: Arial; font-size: 8pt;">648<o:p></o:p></span></div>
</td>
<td nowrap="" style="border-bottom: solid windowtext 1.0pt; border-left: none; border-right: solid windowtext 1.0pt; border-top: none; height: 12.75pt; mso-border-bottom-alt: solid windowtext .5pt; mso-border-right-alt: solid windowtext 1.0pt; padding: 0in 3.5pt 0in 3.5pt; width: 70.0pt;" valign="bottom" width="93"><div align="center" class="MsoNormal" style="text-align: center;">
<span style="font-family: Arial; font-size: 8pt;">0<o:p></o:p></span></div>
</td>
<td nowrap="" style="border-bottom: solid windowtext 1.0pt; border-left: none; border-right: solid windowtext 1.0pt; border-top: none; height: 12.75pt; mso-border-bottom-alt: solid windowtext .5pt; mso-border-right-alt: solid windowtext 1.0pt; padding: 0in 3.5pt 0in 3.5pt; width: 59.0pt;" valign="bottom" width="79"><div align="center" class="MsoNormal" style="text-align: center;">
<span style="font-family: Arial; font-size: 8pt;">648<o:p></o:p></span></div>
</td>
</tr>
<tr style="height: 12.75pt; mso-yfti-irow: 9;">
<td nowrap="" style="border-top: none; border: solid windowtext 1.0pt; height: 12.75pt; mso-border-bottom-alt: solid windowtext .5pt; mso-border-left-alt: solid windowtext 1.0pt; mso-border-right-alt: solid windowtext 1.0pt; padding: 0in 3.5pt 0in 3.5pt; width: 153.0pt;" valign="bottom" width="204"><div class="MsoNormal">
<span style="font-family: Arial; font-size: 8pt;">eLCL(Espace Bourse)<o:p></o:p></span></div>
</td>
<td nowrap="" style="border-bottom: solid windowtext 1.0pt; border-left: none; border-right: solid windowtext 1.0pt; border-top: none; height: 12.75pt; mso-border-bottom-alt: solid windowtext .5pt; mso-border-right-alt: solid windowtext 1.0pt; padding: 0in 3.5pt 0in 3.5pt; width: 49.0pt;" valign="bottom" width="65"><div align="center" class="MsoNormal" style="text-align: center;">
<span style="font-family: Arial; font-size: 8pt;">Aucun<o:p></o:p></span></div>
</td>
<td nowrap="" style="border-bottom: solid windowtext 1.0pt; border-left: none; border-right: solid windowtext 1.0pt; border-top: none; height: 12.75pt; mso-border-bottom-alt: solid windowtext .5pt; mso-border-right-alt: solid windowtext 1.0pt; padding: 0in 3.5pt 0in 3.5pt; width: 80.0pt;" valign="bottom" width="107"><div align="center" class="MsoNormal" style="text-align: center;">
<span style="font-family: Arial; font-size: 8pt;">11.7<o:p></o:p></span></div>
</td>
<td nowrap="" style="border-bottom: solid windowtext 1.0pt; border-left: none; border-right: solid windowtext 1.0pt; border-top: none; height: 12.75pt; mso-border-bottom-alt: solid windowtext .5pt; mso-border-right-alt: solid windowtext 1.0pt; padding: 0in 3.5pt 0in 3.5pt; width: 59.0pt;" valign="bottom" width="79"><div align="center" class="MsoNormal" style="text-align: center;">
<span style="font-family: Arial; font-size: 8pt;">702<o:p></o:p></span></div>
</td>
<td nowrap="" style="border-bottom: solid windowtext 1.0pt; border-left: none; border-right: solid windowtext 1.0pt; border-top: none; height: 12.75pt; mso-border-bottom-alt: solid windowtext .5pt; mso-border-right-alt: solid windowtext 1.0pt; padding: 0in 3.5pt 0in 3.5pt; width: 70.0pt;" valign="bottom" width="93"><div align="center" class="MsoNormal" style="text-align: center;">
<span style="font-family: Arial; font-size: 8pt;">0<o:p></o:p></span></div>
</td>
<td nowrap="" style="border-bottom: solid windowtext 1.0pt; border-left: none; border-right: solid windowtext 1.0pt; border-top: none; height: 12.75pt; mso-border-bottom-alt: solid windowtext .5pt; mso-border-right-alt: solid windowtext 1.0pt; padding: 0in 3.5pt 0in 3.5pt; width: 59.0pt;" valign="bottom" width="79"><div align="center" class="MsoNormal" style="text-align: center;">
<span style="font-family: Arial; font-size: 8pt;">702<o:p></o:p></span></div>
</td>
</tr>
<tr style="height: 12.75pt; mso-yfti-irow: 10;">
<td nowrap="" style="border-top: none; border: solid windowtext 1.0pt; height: 12.75pt; mso-border-bottom-alt: solid windowtext .5pt; mso-border-left-alt: solid windowtext 1.0pt; mso-border-right-alt: solid windowtext 1.0pt; padding: 0in 3.5pt 0in 3.5pt; width: 153.0pt;" valign="bottom" width="204"><div class="MsoNormal">
<span style="font-family: Arial; font-size: 8pt;">Capitol(Platinium)<o:p></o:p></span></div>
</td>
<td nowrap="" style="border-bottom: solid windowtext 1.0pt; border-left: none; border-right: solid windowtext 1.0pt; border-top: none; height: 12.75pt; mso-border-bottom-alt: solid windowtext .5pt; mso-border-right-alt: solid windowtext 1.0pt; padding: 0in 3.5pt 0in 3.5pt; width: 49.0pt;" valign="bottom" width="65"><div align="center" class="MsoNormal" style="text-align: center;">
<span style="font-family: Arial; font-size: 8pt;">1 000.00 <o:p></o:p></span></div>
</td>
<td nowrap="" style="border-bottom: solid windowtext 1.0pt; border-left: none; border-right: solid windowtext 1.0pt; border-top: none; height: 12.75pt; mso-border-bottom-alt: solid windowtext .5pt; mso-border-right-alt: solid windowtext 1.0pt; padding: 0in 3.5pt 0in 3.5pt; width: 80.0pt;" valign="bottom" width="107"><div align="center" class="MsoNormal" style="text-align: center;">
<span style="font-family: Arial; font-size: 8pt;">11.9<o:p></o:p></span></div>
</td>
<td nowrap="" style="border-bottom: solid windowtext 1.0pt; border-left: none; border-right: solid windowtext 1.0pt; border-top: none; height: 12.75pt; mso-border-bottom-alt: solid windowtext .5pt; mso-border-right-alt: solid windowtext 1.0pt; padding: 0in 3.5pt 0in 3.5pt; width: 59.0pt;" valign="bottom" width="79"><div align="center" class="MsoNormal" style="text-align: center;">
<span style="font-family: Arial; font-size: 8pt;">714<o:p></o:p></span></div>
</td>
<td nowrap="" style="border-bottom: solid windowtext 1.0pt; border-left: none; border-right: solid windowtext 1.0pt; border-top: none; height: 12.75pt; mso-border-bottom-alt: solid windowtext .5pt; mso-border-right-alt: solid windowtext 1.0pt; padding: 0in 3.5pt 0in 3.5pt; width: 70.0pt;" valign="bottom" width="93"><div align="center" class="MsoNormal" style="text-align: center;">
<span style="font-family: Arial; font-size: 8pt;">0<o:p></o:p></span></div>
</td>
<td nowrap="" style="border-bottom: solid windowtext 1.0pt; border-left: none; border-right: solid windowtext 1.0pt; border-top: none; height: 12.75pt; mso-border-bottom-alt: solid windowtext .5pt; mso-border-right-alt: solid windowtext 1.0pt; padding: 0in 3.5pt 0in 3.5pt; width: 59.0pt;" valign="bottom" width="79"><div align="center" class="MsoNormal" style="text-align: center;">
<span style="font-family: Arial; font-size: 8pt;">714<o:p></o:p></span></div>
</td>
</tr>
<tr style="height: 12.75pt; mso-yfti-irow: 11;">
<td nowrap="" style="border-top: none; border: solid windowtext 1.0pt; height: 12.75pt; mso-border-bottom-alt: solid windowtext .5pt; mso-border-left-alt: solid windowtext 1.0pt; mso-border-right-alt: solid windowtext 1.0pt; padding: 0in 3.5pt 0in 3.5pt; width: 153.0pt;" valign="bottom" width="204"><div class="MsoNormal">
<span style="font-family: Arial; font-size: 8pt;">Monabanq(Bourse) <o:p></o:p></span></div>
</td>
<td nowrap="" style="border-bottom: solid windowtext 1.0pt; border-left: none; border-right: solid windowtext 1.0pt; border-top: none; height: 12.75pt; mso-border-bottom-alt: solid windowtext .5pt; mso-border-right-alt: solid windowtext 1.0pt; padding: 0in 3.5pt 0in 3.5pt; width: 49.0pt;" valign="bottom" width="65"><div align="center" class="MsoNormal" style="text-align: center;">
<span style="font-family: Arial; font-size: 8pt;">500<o:p></o:p></span></div>
</td>
<td nowrap="" style="border-bottom: solid windowtext 1.0pt; border-left: none; border-right: solid windowtext 1.0pt; border-top: none; height: 12.75pt; mso-border-bottom-alt: solid windowtext .5pt; mso-border-right-alt: solid windowtext 1.0pt; padding: 0in 3.5pt 0in 3.5pt; width: 80.0pt;" valign="bottom" width="107"><div align="center" class="MsoNormal" style="text-align: center;">
<span style="font-family: Arial; font-size: 8pt;">12<o:p></o:p></span></div>
</td>
<td nowrap="" style="border-bottom: solid windowtext 1.0pt; border-left: none; border-right: solid windowtext 1.0pt; border-top: none; height: 12.75pt; mso-border-bottom-alt: solid windowtext .5pt; mso-border-right-alt: solid windowtext 1.0pt; padding: 0in 3.5pt 0in 3.5pt; width: 59.0pt;" valign="bottom" width="79"><div align="center" class="MsoNormal" style="text-align: center;">
<span style="font-family: Arial; font-size: 8pt;">720<o:p></o:p></span></div>
</td>
<td nowrap="" style="border-bottom: solid windowtext 1.0pt; border-left: none; border-right: solid windowtext 1.0pt; border-top: none; height: 12.75pt; mso-border-bottom-alt: solid windowtext .5pt; mso-border-right-alt: solid windowtext 1.0pt; padding: 0in 3.5pt 0in 3.5pt; width: 70.0pt;" valign="bottom" width="93"><div align="center" class="MsoNormal" style="text-align: center;">
<span style="font-family: Arial; font-size: 8pt;">0<o:p></o:p></span></div>
</td>
<td nowrap="" style="border-bottom: solid windowtext 1.0pt; border-left: none; border-right: solid windowtext 1.0pt; border-top: none; height: 12.75pt; mso-border-bottom-alt: solid windowtext .5pt; mso-border-right-alt: solid windowtext 1.0pt; padding: 0in 3.5pt 0in 3.5pt; width: 59.0pt;" valign="bottom" width="79"><div align="center" class="MsoNormal" style="text-align: center;">
<span style="font-family: Arial; font-size: 8pt;">720<o:p></o:p></span></div>
</td>
</tr>
<tr style="height: 12.75pt; mso-yfti-irow: 12;">
<td nowrap="" style="border-top: none; border: solid windowtext 1.0pt; height: 12.75pt; mso-border-bottom-alt: solid windowtext .5pt; mso-border-left-alt: solid windowtext 1.0pt; mso-border-right-alt: solid windowtext 1.0pt; padding: 0in 3.5pt 0in 3.5pt; width: 153.0pt;" valign="bottom" width="204"><div class="MsoNormal">
<span style="font-family: Arial; font-size: 8pt;">Allianz banque(Allianz banque)<o:p></o:p></span></div>
</td>
<td nowrap="" style="border-bottom: solid windowtext 1.0pt; border-left: none; border-right: solid windowtext 1.0pt; border-top: none; height: 12.75pt; mso-border-bottom-alt: solid windowtext .5pt; mso-border-right-alt: solid windowtext 1.0pt; padding: 0in 3.5pt 0in 3.5pt; width: 49.0pt;" valign="bottom" width="65"><div align="center" class="MsoNormal" style="text-align: center;">
<span style="font-family: Arial; font-size: 8pt;">Aucun<o:p></o:p></span></div>
</td>
<td nowrap="" style="border-bottom: solid windowtext 1.0pt; border-left: none; border-right: solid windowtext 1.0pt; border-top: none; height: 12.75pt; mso-border-bottom-alt: solid windowtext .5pt; mso-border-right-alt: solid windowtext 1.0pt; padding: 0in 3.5pt 0in 3.5pt; width: 80.0pt;" valign="bottom" width="107"><div align="center" class="MsoNormal" style="text-align: center;">
<span style="font-family: Arial; font-size: 8pt;">12<o:p></o:p></span></div>
</td>
<td nowrap="" style="border-bottom: solid windowtext 1.0pt; border-left: none; border-right: solid windowtext 1.0pt; border-top: none; height: 12.75pt; mso-border-bottom-alt: solid windowtext .5pt; mso-border-right-alt: solid windowtext 1.0pt; padding: 0in 3.5pt 0in 3.5pt; width: 59.0pt;" valign="bottom" width="79"><div align="center" class="MsoNormal" style="text-align: center;">
<span style="font-family: Arial; font-size: 8pt;">720<o:p></o:p></span></div>
</td>
<td nowrap="" style="border-bottom: solid windowtext 1.0pt; border-left: none; border-right: solid windowtext 1.0pt; border-top: none; height: 12.75pt; mso-border-bottom-alt: solid windowtext .5pt; mso-border-right-alt: solid windowtext 1.0pt; padding: 0in 3.5pt 0in 3.5pt; width: 70.0pt;" valign="bottom" width="93"><div align="center" class="MsoNormal" style="text-align: center;">
<span style="font-family: Arial; font-size: 8pt;">50<o:p></o:p></span></div>
</td>
<td nowrap="" style="border-bottom: solid windowtext 1.0pt; border-left: none; border-right: solid windowtext 1.0pt; border-top: none; height: 12.75pt; mso-border-bottom-alt: solid windowtext .5pt; mso-border-right-alt: solid windowtext 1.0pt; padding: 0in 3.5pt 0in 3.5pt; width: 59.0pt;" valign="bottom" width="79"><div align="center" class="MsoNormal" style="text-align: center;">
<span style="font-family: Arial; font-size: 8pt;">770<o:p></o:p></span></div>
</td>
</tr>
<tr style="height: 12.75pt; mso-yfti-irow: 13;">
<td nowrap="" style="border-top: none; border: solid windowtext 1.0pt; height: 12.75pt; mso-border-bottom-alt: solid windowtext .5pt; mso-border-left-alt: solid windowtext 1.0pt; mso-border-right-alt: solid windowtext 1.0pt; padding: 0in 3.5pt 0in 3.5pt; width: 153.0pt;" valign="bottom" width="204"><div class="MsoNormal">
<span style="font-family: Arial; font-size: 8pt;">BforBank(BforBourse Actif) <o:p></o:p></span></div>
</td>
<td nowrap="" style="border-bottom: solid windowtext 1.0pt; border-left: none; border-right: solid windowtext 1.0pt; border-top: none; height: 12.75pt; mso-border-bottom-alt: solid windowtext .5pt; mso-border-right-alt: solid windowtext 1.0pt; padding: 0in 3.5pt 0in 3.5pt; width: 49.0pt;" valign="bottom" width="65"><div align="center" class="MsoNormal" style="text-align: center;">
<span style="font-family: Arial; font-size: 8pt;">Aucun<o:p></o:p></span></div>
</td>
<td nowrap="" style="border-bottom: solid windowtext 1.0pt; border-left: none; border-right: solid windowtext 1.0pt; border-top: none; height: 12.75pt; mso-border-bottom-alt: solid windowtext .5pt; mso-border-right-alt: solid windowtext 1.0pt; padding: 0in 3.5pt 0in 3.5pt; width: 80.0pt;" valign="bottom" width="107"><div align="center" class="MsoNormal" style="text-align: center;">
<span style="font-family: Arial; font-size: 8pt;">13<o:p></o:p></span></div>
</td>
<td nowrap="" style="border-bottom: solid windowtext 1.0pt; border-left: none; border-right: solid windowtext 1.0pt; border-top: none; height: 12.75pt; mso-border-bottom-alt: solid windowtext .5pt; mso-border-right-alt: solid windowtext 1.0pt; padding: 0in 3.5pt 0in 3.5pt; width: 59.0pt;" valign="bottom" width="79"><div align="center" class="MsoNormal" style="text-align: center;">
<span style="font-family: Arial; font-size: 8pt;">780<o:p></o:p></span></div>
</td>
<td nowrap="" style="border-bottom: solid windowtext 1.0pt; border-left: none; border-right: solid windowtext 1.0pt; border-top: none; height: 12.75pt; mso-border-bottom-alt: solid windowtext .5pt; mso-border-right-alt: solid windowtext 1.0pt; padding: 0in 3.5pt 0in 3.5pt; width: 70.0pt;" valign="bottom" width="93"><div align="center" class="MsoNormal" style="text-align: center;">
<span style="font-family: Arial; font-size: 8pt;">0<o:p></o:p></span></div>
</td>
<td nowrap="" style="border-bottom: solid windowtext 1.0pt; border-left: none; border-right: solid windowtext 1.0pt; border-top: none; height: 12.75pt; mso-border-bottom-alt: solid windowtext .5pt; mso-border-right-alt: solid windowtext 1.0pt; padding: 0in 3.5pt 0in 3.5pt; width: 59.0pt;" valign="bottom" width="79"><div align="center" class="MsoNormal" style="text-align: center;">
<span style="font-family: Arial; font-size: 8pt;">780<o:p></o:p></span></div>
</td>
</tr>
<tr style="height: 12.75pt; mso-yfti-irow: 14;">
<td nowrap="" style="border-top: none; border: solid windowtext 1.0pt; height: 12.75pt; mso-border-bottom-alt: solid windowtext .5pt; mso-border-left-alt: solid windowtext 1.0pt; mso-border-right-alt: solid windowtext 1.0pt; padding: 0in 3.5pt 0in 3.5pt; width: 153.0pt;" valign="bottom" width="204"><div class="MsoNormal">
<span style="font-family: Arial; font-size: 8pt;">EasyBourse(EasyExpert) <o:p></o:p></span></div>
</td>
<td nowrap="" style="border-bottom: solid windowtext 1.0pt; border-left: none; border-right: solid windowtext 1.0pt; border-top: none; height: 12.75pt; mso-border-bottom-alt: solid windowtext .5pt; mso-border-right-alt: solid windowtext 1.0pt; padding: 0in 3.5pt 0in 3.5pt; width: 49.0pt;" valign="bottom" width="65"><div align="center" class="MsoNormal" style="text-align: center;">
<span style="font-family: Arial; font-size: 8pt;">Aucun<o:p></o:p></span></div>
</td>
<td nowrap="" style="border-bottom: solid windowtext 1.0pt; border-left: none; border-right: solid windowtext 1.0pt; border-top: none; height: 12.75pt; mso-border-bottom-alt: solid windowtext .5pt; mso-border-right-alt: solid windowtext 1.0pt; padding: 0in 3.5pt 0in 3.5pt; width: 80.0pt;" valign="bottom" width="107"><div align="center" class="MsoNormal" style="text-align: center;">
<span style="font-family: Arial; font-size: 8pt;">13<o:p></o:p></span></div>
</td>
<td nowrap="" style="border-bottom: solid windowtext 1.0pt; border-left: none; border-right: solid windowtext 1.0pt; border-top: none; height: 12.75pt; mso-border-bottom-alt: solid windowtext .5pt; mso-border-right-alt: solid windowtext 1.0pt; padding: 0in 3.5pt 0in 3.5pt; width: 59.0pt;" valign="bottom" width="79"><div align="center" class="MsoNormal" style="text-align: center;">
<span style="font-family: Arial; font-size: 8pt;">780<o:p></o:p></span></div>
</td>
<td nowrap="" style="border-bottom: solid windowtext 1.0pt; border-left: none; border-right: solid windowtext 1.0pt; border-top: none; height: 12.75pt; mso-border-bottom-alt: solid windowtext .5pt; mso-border-right-alt: solid windowtext 1.0pt; padding: 0in 3.5pt 0in 3.5pt; width: 70.0pt;" valign="bottom" width="93"><div align="center" class="MsoNormal" style="text-align: center;">
<span style="font-family: Arial; font-size: 8pt;">0<o:p></o:p></span></div>
</td>
<td nowrap="" style="border-bottom: solid windowtext 1.0pt; border-left: none; border-right: solid windowtext 1.0pt; border-top: none; height: 12.75pt; mso-border-bottom-alt: solid windowtext .5pt; mso-border-right-alt: solid windowtext 1.0pt; padding: 0in 3.5pt 0in 3.5pt; width: 59.0pt;" valign="bottom" width="79"><div align="center" class="MsoNormal" style="text-align: center;">
<span style="font-family: Arial; font-size: 8pt;">780<o:p></o:p></span></div>
</td>
</tr>
<tr style="height: 12.75pt; mso-yfti-irow: 15;">
<td nowrap="" style="border-top: none; border: solid windowtext 1.0pt; height: 12.75pt; mso-border-bottom-alt: solid windowtext .5pt; mso-border-left-alt: solid windowtext 1.0pt; mso-border-right-alt: solid windowtext 1.0pt; padding: 0in 3.5pt 0in 3.5pt; width: 153.0pt;" valign="bottom" width="204"><div class="MsoNormal">
<span lang="FR" style="font-family: Arial; font-size: 8pt;">Crédit Agricole(Invest Store intégral)<o:p></o:p></span></div>
</td>
<td nowrap="" style="border-bottom: solid windowtext 1.0pt; border-left: none; border-right: solid windowtext 1.0pt; border-top: none; height: 12.75pt; mso-border-bottom-alt: solid windowtext .5pt; mso-border-right-alt: solid windowtext 1.0pt; padding: 0in 3.5pt 0in 3.5pt; width: 49.0pt;" valign="bottom" width="65"><div align="center" class="MsoNormal" style="text-align: center;">
<span style="font-family: Arial; font-size: 8pt;">Aucun<o:p></o:p></span></div>
</td>
<td nowrap="" style="border-bottom: solid windowtext 1.0pt; border-left: none; border-right: solid windowtext 1.0pt; border-top: none; height: 12.75pt; mso-border-bottom-alt: solid windowtext .5pt; mso-border-right-alt: solid windowtext 1.0pt; padding: 0in 3.5pt 0in 3.5pt; width: 80.0pt;" valign="bottom" width="107"><div align="center" class="MsoNormal" style="text-align: center;">
<span style="font-family: Arial; font-size: 8pt;">13<o:p></o:p></span></div>
</td>
<td nowrap="" style="border-bottom: solid windowtext 1.0pt; border-left: none; border-right: solid windowtext 1.0pt; border-top: none; height: 12.75pt; mso-border-bottom-alt: solid windowtext .5pt; mso-border-right-alt: solid windowtext 1.0pt; padding: 0in 3.5pt 0in 3.5pt; width: 59.0pt;" valign="bottom" width="79"><div align="center" class="MsoNormal" style="text-align: center;">
<span style="font-family: Arial; font-size: 8pt;">780<o:p></o:p></span></div>
</td>
<td nowrap="" style="border-bottom: solid windowtext 1.0pt; border-left: none; border-right: solid windowtext 1.0pt; border-top: none; height: 12.75pt; mso-border-bottom-alt: solid windowtext .5pt; mso-border-right-alt: solid windowtext 1.0pt; padding: 0in 3.5pt 0in 3.5pt; width: 70.0pt;" valign="bottom" width="93"><div align="center" class="MsoNormal" style="text-align: center;">
<span style="font-family: Arial; font-size: 8pt;">0<o:p></o:p></span></div>
</td>
<td nowrap="" style="border-bottom: solid windowtext 1.0pt; border-left: none; border-right: solid windowtext 1.0pt; border-top: none; height: 12.75pt; mso-border-bottom-alt: solid windowtext .5pt; mso-border-right-alt: solid windowtext 1.0pt; padding: 0in 3.5pt 0in 3.5pt; width: 59.0pt;" valign="bottom" width="79"><div align="center" class="MsoNormal" style="text-align: center;">
<span style="font-family: Arial; font-size: 8pt;">780<o:p></o:p></span></div>
</td>
</tr>
<tr style="height: 12.75pt; mso-yfti-irow: 16;">
<td nowrap="" style="border-top: none; border: solid windowtext 1.0pt; height: 12.75pt; mso-border-bottom-alt: solid windowtext .5pt; mso-border-left-alt: solid windowtext 1.0pt; mso-border-right-alt: solid windowtext 1.0pt; padding: 0in 3.5pt 0in 3.5pt; width: 153.0pt;" valign="bottom" width="204"><div class="MsoNormal">
<span style="font-family: Arial; font-size: 8pt;">EasyBourse(Découverte) <o:p></o:p></span></div>
</td>
<td nowrap="" style="border-bottom: solid windowtext 1.0pt; border-left: none; border-right: solid windowtext 1.0pt; border-top: none; height: 12.75pt; mso-border-bottom-alt: solid windowtext .5pt; mso-border-right-alt: solid windowtext 1.0pt; padding: 0in 3.5pt 0in 3.5pt; width: 49.0pt;" valign="bottom" width="65"><div align="center" class="MsoNormal" style="text-align: center;">
<span style="font-family: Arial; font-size: 8pt;">Aucun<o:p></o:p></span></div>
</td>
<td nowrap="" style="border-bottom: solid windowtext 1.0pt; border-left: none; border-right: solid windowtext 1.0pt; border-top: none; height: 12.75pt; mso-border-bottom-alt: solid windowtext .5pt; mso-border-right-alt: solid windowtext 1.0pt; padding: 0in 3.5pt 0in 3.5pt; width: 80.0pt;" valign="bottom" width="107"><div align="center" class="MsoNormal" style="text-align: center;">
<span style="font-family: Arial; font-size: 8pt;">13.5<o:p></o:p></span></div>
</td>
<td nowrap="" style="border-bottom: solid windowtext 1.0pt; border-left: none; border-right: solid windowtext 1.0pt; border-top: none; height: 12.75pt; mso-border-bottom-alt: solid windowtext .5pt; mso-border-right-alt: solid windowtext 1.0pt; padding: 0in 3.5pt 0in 3.5pt; width: 59.0pt;" valign="bottom" width="79"><div align="center" class="MsoNormal" style="text-align: center;">
<span style="font-family: Arial; font-size: 8pt;">810<o:p></o:p></span></div>
</td>
<td nowrap="" style="border-bottom: solid windowtext 1.0pt; border-left: none; border-right: solid windowtext 1.0pt; border-top: none; height: 12.75pt; mso-border-bottom-alt: solid windowtext .5pt; mso-border-right-alt: solid windowtext 1.0pt; padding: 0in 3.5pt 0in 3.5pt; width: 70.0pt;" valign="bottom" width="93"><div align="center" class="MsoNormal" style="text-align: center;">
<span style="font-family: Arial; font-size: 8pt;">0<o:p></o:p></span></div>
</td>
<td nowrap="" style="border-bottom: solid windowtext 1.0pt; border-left: none; border-right: solid windowtext 1.0pt; border-top: none; height: 12.75pt; mso-border-bottom-alt: solid windowtext .5pt; mso-border-right-alt: solid windowtext 1.0pt; padding: 0in 3.5pt 0in 3.5pt; width: 59.0pt;" valign="bottom" width="79"><div align="center" class="MsoNormal" style="text-align: center;">
<span style="font-family: Arial; font-size: 8pt;">810<o:p></o:p></span></div>
</td>
</tr>
<tr style="height: 12.75pt; mso-yfti-irow: 17;">
<td nowrap="" style="border-top: none; border: solid windowtext 1.0pt; height: 12.75pt; mso-border-bottom-alt: solid windowtext .5pt; mso-border-left-alt: solid windowtext 1.0pt; mso-border-right-alt: solid windowtext 1.0pt; padding: 0in 3.5pt 0in 3.5pt; width: 153.0pt;" valign="bottom" width="204"><div class="MsoNormal">
<span style="font-family: Arial; font-size: 8pt;">eLCL(Bourse Expert)<o:p></o:p></span></div>
</td>
<td nowrap="" style="border-bottom: solid windowtext 1.0pt; border-left: none; border-right: solid windowtext 1.0pt; border-top: none; height: 12.75pt; mso-border-bottom-alt: solid windowtext .5pt; mso-border-right-alt: solid windowtext 1.0pt; padding: 0in 3.5pt 0in 3.5pt; width: 49.0pt;" valign="bottom" width="65"><div align="center" class="MsoNormal" style="text-align: center;">
<span style="font-family: Arial; font-size: 8pt;">Aucun<o:p></o:p></span></div>
</td>
<td nowrap="" style="border-bottom: solid windowtext 1.0pt; border-left: none; border-right: solid windowtext 1.0pt; border-top: none; height: 12.75pt; mso-border-bottom-alt: solid windowtext .5pt; mso-border-right-alt: solid windowtext 1.0pt; padding: 0in 3.5pt 0in 3.5pt; width: 80.0pt;" valign="bottom" width="107"><div align="center" class="MsoNormal" style="text-align: center;">
<span style="font-family: Arial; font-size: 8pt;">14<o:p></o:p></span></div>
</td>
<td nowrap="" style="border-bottom: solid windowtext 1.0pt; border-left: none; border-right: solid windowtext 1.0pt; border-top: none; height: 12.75pt; mso-border-bottom-alt: solid windowtext .5pt; mso-border-right-alt: solid windowtext 1.0pt; padding: 0in 3.5pt 0in 3.5pt; width: 59.0pt;" valign="bottom" width="79"><div align="center" class="MsoNormal" style="text-align: center;">
<span style="font-family: Arial; font-size: 8pt;">840<o:p></o:p></span></div>
</td>
<td nowrap="" style="border-bottom: solid windowtext 1.0pt; border-left: none; border-right: solid windowtext 1.0pt; border-top: none; height: 12.75pt; mso-border-bottom-alt: solid windowtext .5pt; mso-border-right-alt: solid windowtext 1.0pt; padding: 0in 3.5pt 0in 3.5pt; width: 70.0pt;" valign="bottom" width="93"><div align="center" class="MsoNormal" style="text-align: center;">
<span style="font-family: Arial; font-size: 8pt;">12<o:p></o:p></span></div>
</td>
<td nowrap="" style="border-bottom: solid windowtext 1.0pt; border-left: none; border-right: solid windowtext 1.0pt; border-top: none; height: 12.75pt; mso-border-bottom-alt: solid windowtext .5pt; mso-border-right-alt: solid windowtext 1.0pt; padding: 0in 3.5pt 0in 3.5pt; width: 59.0pt;" valign="bottom" width="79"><div align="center" class="MsoNormal" style="text-align: center;">
<span style="font-family: Arial; font-size: 8pt;">852<o:p></o:p></span></div>
</td>
</tr>
<tr style="height: 12.75pt; mso-yfti-irow: 18;">
<td nowrap="" style="border-top: none; border: solid windowtext 1.0pt; height: 12.75pt; mso-border-bottom-alt: solid windowtext .5pt; mso-border-left-alt: solid windowtext 1.0pt; mso-border-right-alt: solid windowtext 1.0pt; padding: 0in 3.5pt 0in 3.5pt; width: 153.0pt;" valign="bottom" width="204"><div class="MsoNormal">
<span style="font-family: Arial; font-size: 8pt;">Veg@ctif(Vegactif)<o:p></o:p></span></div>
</td>
<td nowrap="" style="border-bottom: solid windowtext 1.0pt; border-left: none; border-right: solid windowtext 1.0pt; border-top: none; height: 12.75pt; mso-border-bottom-alt: solid windowtext .5pt; mso-border-right-alt: solid windowtext 1.0pt; padding: 0in 3.5pt 0in 3.5pt; width: 49.0pt;" valign="bottom" width="65"><div align="center" class="MsoNormal" style="text-align: center;">
<span style="font-family: Arial; font-size: 8pt;">Aucun<o:p></o:p></span></div>
</td>
<td nowrap="" style="border-bottom: solid windowtext 1.0pt; border-left: none; border-right: solid windowtext 1.0pt; border-top: none; height: 12.75pt; mso-border-bottom-alt: solid windowtext .5pt; mso-border-right-alt: solid windowtext 1.0pt; padding: 0in 3.5pt 0in 3.5pt; width: 80.0pt;" valign="bottom" width="107"><div align="center" class="MsoNormal" style="text-align: center;">
<span style="font-family: Arial; font-size: 8pt;">14.35<o:p></o:p></span></div>
</td>
<td nowrap="" style="border-bottom: solid windowtext 1.0pt; border-left: none; border-right: solid windowtext 1.0pt; border-top: none; height: 12.75pt; mso-border-bottom-alt: solid windowtext .5pt; mso-border-right-alt: solid windowtext 1.0pt; padding: 0in 3.5pt 0in 3.5pt; width: 59.0pt;" valign="bottom" width="79"><div align="center" class="MsoNormal" style="text-align: center;">
<span style="font-family: Arial; font-size: 8pt;">861<o:p></o:p></span></div>
</td>
<td nowrap="" style="border-bottom: solid windowtext 1.0pt; border-left: none; border-right: solid windowtext 1.0pt; border-top: none; height: 12.75pt; mso-border-bottom-alt: solid windowtext .5pt; mso-border-right-alt: solid windowtext 1.0pt; padding: 0in 3.5pt 0in 3.5pt; width: 70.0pt;" valign="bottom" width="93"><div align="center" class="MsoNormal" style="text-align: center;">
<span style="font-family: Arial; font-size: 8pt;">18<o:p></o:p></span></div>
</td>
<td nowrap="" style="border-bottom: solid windowtext 1.0pt; border-left: none; border-right: solid windowtext 1.0pt; border-top: none; height: 12.75pt; mso-border-bottom-alt: solid windowtext .5pt; mso-border-right-alt: solid windowtext 1.0pt; padding: 0in 3.5pt 0in 3.5pt; width: 59.0pt;" valign="bottom" width="79"><div align="center" class="MsoNormal" style="text-align: center;">
<span style="font-family: Arial; font-size: 8pt;">879<o:p></o:p></span></div>
</td>
</tr>
<tr style="height: 12.75pt; mso-yfti-irow: 19;">
<td nowrap="" style="border-top: none; border: solid windowtext 1.0pt; height: 12.75pt; mso-border-bottom-alt: solid windowtext .5pt; mso-border-left-alt: solid windowtext 1.0pt; mso-border-right-alt: solid windowtext 1.0pt; padding: 0in 3.5pt 0in 3.5pt; width: 153.0pt;" valign="bottom" width="204"><div class="MsoNormal">
<span style="font-family: Arial; font-size: 8pt;">Boursorama(Classic France) <o:p></o:p></span></div>
</td>
<td nowrap="" style="border-bottom: solid windowtext 1.0pt; border-left: none; border-right: solid windowtext 1.0pt; border-top: none; height: 12.75pt; mso-border-bottom-alt: solid windowtext .5pt; mso-border-right-alt: solid windowtext 1.0pt; padding: 0in 3.5pt 0in 3.5pt; width: 49.0pt;" valign="bottom" width="65"><div align="center" class="MsoNormal" style="text-align: center;">
<span style="font-family: Arial; font-size: 8pt;">1 000.00 <o:p></o:p></span></div>
</td>
<td nowrap="" style="border-bottom: solid windowtext 1.0pt; border-left: none; border-right: solid windowtext 1.0pt; border-top: none; height: 12.75pt; mso-border-bottom-alt: solid windowtext .5pt; mso-border-right-alt: solid windowtext 1.0pt; padding: 0in 3.5pt 0in 3.5pt; width: 80.0pt;" valign="bottom" width="107"><div align="center" class="MsoNormal" style="text-align: center;">
<span style="font-family: Arial; font-size: 8pt;">14.4<o:p></o:p></span></div>
</td>
<td nowrap="" style="border-bottom: solid windowtext 1.0pt; border-left: none; border-right: solid windowtext 1.0pt; border-top: none; height: 12.75pt; mso-border-bottom-alt: solid windowtext .5pt; mso-border-right-alt: solid windowtext 1.0pt; padding: 0in 3.5pt 0in 3.5pt; width: 59.0pt;" valign="bottom" width="79"><div align="center" class="MsoNormal" style="text-align: center;">
<span style="font-family: Arial; font-size: 8pt;">864<o:p></o:p></span></div>
</td>
<td nowrap="" style="border-bottom: solid windowtext 1.0pt; border-left: none; border-right: solid windowtext 1.0pt; border-top: none; height: 12.75pt; mso-border-bottom-alt: solid windowtext .5pt; mso-border-right-alt: solid windowtext 1.0pt; padding: 0in 3.5pt 0in 3.5pt; width: 70.0pt;" valign="bottom" width="93"><div align="center" class="MsoNormal" style="text-align: center;">
<span style="font-family: Arial; font-size: 8pt;">0<o:p></o:p></span></div>
</td>
<td nowrap="" style="border-bottom: solid windowtext 1.0pt; border-left: none; border-right: solid windowtext 1.0pt; border-top: none; height: 12.75pt; mso-border-bottom-alt: solid windowtext .5pt; mso-border-right-alt: solid windowtext 1.0pt; padding: 0in 3.5pt 0in 3.5pt; width: 59.0pt;" valign="bottom" width="79"><div align="center" class="MsoNormal" style="text-align: center;">
<span style="font-family: Arial; font-size: 8pt;">864<o:p></o:p></span></div>
</td>
</tr>
<tr style="height: 12.75pt; mso-yfti-irow: 20;">
<td nowrap="" style="border-top: none; border: solid windowtext 1.0pt; height: 12.75pt; mso-border-bottom-alt: solid windowtext .5pt; mso-border-left-alt: solid windowtext 1.0pt; mso-border-right-alt: solid windowtext 1.0pt; padding: 0in 3.5pt 0in 3.5pt; width: 153.0pt;" valign="bottom" width="204"><div class="MsoNormal">
<span style="font-family: Arial; font-size: 8pt;">ABC Bourse(Bourse A)<o:p></o:p></span></div>
</td>
<td nowrap="" style="border-bottom: solid windowtext 1.0pt; border-left: none; border-right: solid windowtext 1.0pt; border-top: none; height: 12.75pt; mso-border-bottom-alt: solid windowtext .5pt; mso-border-right-alt: solid windowtext 1.0pt; padding: 0in 3.5pt 0in 3.5pt; width: 49.0pt;" valign="bottom" width="65"><div align="center" class="MsoNormal" style="text-align: center;">
<span style="font-family: Arial; font-size: 8pt;">500<o:p></o:p></span></div>
</td>
<td nowrap="" style="border-bottom: solid windowtext 1.0pt; border-left: none; border-right: solid windowtext 1.0pt; border-top: none; height: 12.75pt; mso-border-bottom-alt: solid windowtext .5pt; mso-border-right-alt: solid windowtext 1.0pt; padding: 0in 3.5pt 0in 3.5pt; width: 80.0pt;" valign="bottom" width="107"><div align="center" class="MsoNormal" style="text-align: center;">
<span style="font-family: Arial; font-size: 8pt;">14.4<o:p></o:p></span></div>
</td>
<td nowrap="" style="border-bottom: solid windowtext 1.0pt; border-left: none; border-right: solid windowtext 1.0pt; border-top: none; height: 12.75pt; mso-border-bottom-alt: solid windowtext .5pt; mso-border-right-alt: solid windowtext 1.0pt; padding: 0in 3.5pt 0in 3.5pt; width: 59.0pt;" valign="bottom" width="79"><div align="center" class="MsoNormal" style="text-align: center;">
<span style="font-family: Arial; font-size: 8pt;">864<o:p></o:p></span></div>
</td>
<td nowrap="" style="border-bottom: solid windowtext 1.0pt; border-left: none; border-right: solid windowtext 1.0pt; border-top: none; height: 12.75pt; mso-border-bottom-alt: solid windowtext .5pt; mso-border-right-alt: solid windowtext 1.0pt; padding: 0in 3.5pt 0in 3.5pt; width: 70.0pt;" valign="bottom" width="93"><div align="center" class="MsoNormal" style="text-align: center;">
<span style="font-family: Arial; font-size: 8pt;">0<o:p></o:p></span></div>
</td>
<td nowrap="" style="border-bottom: solid windowtext 1.0pt; border-left: none; border-right: solid windowtext 1.0pt; border-top: none; height: 12.75pt; mso-border-bottom-alt: solid windowtext .5pt; mso-border-right-alt: solid windowtext 1.0pt; padding: 0in 3.5pt 0in 3.5pt; width: 59.0pt;" valign="bottom" width="79"><div align="center" class="MsoNormal" style="text-align: center;">
<span style="font-family: Arial; font-size: 8pt;">864<o:p></o:p></span></div>
</td>
</tr>
<tr style="height: 12.75pt; mso-yfti-irow: 21;">
<td nowrap="" style="border-top: none; border: solid windowtext 1.0pt; height: 12.75pt; mso-border-bottom-alt: solid windowtext .5pt; mso-border-left-alt: solid windowtext 1.0pt; mso-border-right-alt: solid windowtext 1.0pt; padding: 0in 3.5pt 0in 3.5pt; width: 153.0pt;" valign="bottom" width="204"><div class="MsoNormal">
<span style="font-family: Arial; font-size: 8pt;">ABS(Active Trader)<o:p></o:p></span></div>
</td>
<td nowrap="" style="border-bottom: solid windowtext 1.0pt; border-left: none; border-right: solid windowtext 1.0pt; border-top: none; height: 12.75pt; mso-border-bottom-alt: solid windowtext .5pt; mso-border-right-alt: solid windowtext 1.0pt; padding: 0in 3.5pt 0in 3.5pt; width: 49.0pt;" valign="bottom" width="65"><div align="center" class="MsoNormal" style="text-align: center;">
<span style="font-family: Arial; font-size: 8pt;">7 500.00 <o:p></o:p></span></div>
</td>
<td nowrap="" style="border-bottom: solid windowtext 1.0pt; border-left: none; border-right: solid windowtext 1.0pt; border-top: none; height: 12.75pt; mso-border-bottom-alt: solid windowtext .5pt; mso-border-right-alt: solid windowtext 1.0pt; padding: 0in 3.5pt 0in 3.5pt; width: 80.0pt;" valign="bottom" width="107"><div align="center" class="MsoNormal" style="text-align: center;">
<span style="font-family: Arial; font-size: 8pt;">14.95<o:p></o:p></span></div>
</td>
<td nowrap="" style="border-bottom: solid windowtext 1.0pt; border-left: none; border-right: solid windowtext 1.0pt; border-top: none; height: 12.75pt; mso-border-bottom-alt: solid windowtext .5pt; mso-border-right-alt: solid windowtext 1.0pt; padding: 0in 3.5pt 0in 3.5pt; width: 59.0pt;" valign="bottom" width="79"><div align="center" class="MsoNormal" style="text-align: center;">
<span style="font-family: Arial; font-size: 8pt;">897<o:p></o:p></span></div>
</td>
<td nowrap="" style="border-bottom: solid windowtext 1.0pt; border-left: none; border-right: solid windowtext 1.0pt; border-top: none; height: 12.75pt; mso-border-bottom-alt: solid windowtext .5pt; mso-border-right-alt: solid windowtext 1.0pt; padding: 0in 3.5pt 0in 3.5pt; width: 70.0pt;" valign="bottom" width="93"><div align="center" class="MsoNormal" style="text-align: center;">
<span style="font-family: Arial; font-size: 8pt;">0<o:p></o:p></span></div>
</td>
<td nowrap="" style="border-bottom: solid windowtext 1.0pt; border-left: none; border-right: solid windowtext 1.0pt; border-top: none; height: 12.75pt; mso-border-bottom-alt: solid windowtext .5pt; mso-border-right-alt: solid windowtext 1.0pt; padding: 0in 3.5pt 0in 3.5pt; width: 59.0pt;" valign="bottom" width="79"><div align="center" class="MsoNormal" style="text-align: center;">
<span style="font-family: Arial; font-size: 8pt;">897<o:p></o:p></span></div>
</td>
</tr>
<tr style="height: 12.75pt; mso-yfti-irow: 22;">
<td nowrap="" style="border-top: none; border: solid windowtext 1.0pt; height: 12.75pt; mso-border-bottom-alt: solid windowtext .5pt; mso-border-left-alt: solid windowtext 1.0pt; mso-border-right-alt: solid windowtext 1.0pt; padding: 0in 3.5pt 0in 3.5pt; width: 153.0pt;" valign="bottom" width="204"><div class="MsoNormal">
<span style="font-family: Arial; font-size: 8pt;">HSBC(Invest Expert)<o:p></o:p></span></div>
</td>
<td nowrap="" style="border-bottom: solid windowtext 1.0pt; border-left: none; border-right: solid windowtext 1.0pt; border-top: none; height: 12.75pt; mso-border-bottom-alt: solid windowtext .5pt; mso-border-right-alt: solid windowtext 1.0pt; padding: 0in 3.5pt 0in 3.5pt; width: 49.0pt;" valign="bottom" width="65"><div align="center" class="MsoNormal" style="text-align: center;">
<span style="font-family: Arial; font-size: 8pt;">Aucun<o:p></o:p></span></div>
</td>
<td nowrap="" style="border-bottom: solid windowtext 1.0pt; border-left: none; border-right: solid windowtext 1.0pt; border-top: none; height: 12.75pt; mso-border-bottom-alt: solid windowtext .5pt; mso-border-right-alt: solid windowtext 1.0pt; padding: 0in 3.5pt 0in 3.5pt; width: 80.0pt;" valign="bottom" width="107"><div align="center" class="MsoNormal" style="text-align: center;">
<span style="font-family: Arial; font-size: 8pt;">15<o:p></o:p></span></div>
</td>
<td nowrap="" style="border-bottom: solid windowtext 1.0pt; border-left: none; border-right: solid windowtext 1.0pt; border-top: none; height: 12.75pt; mso-border-bottom-alt: solid windowtext .5pt; mso-border-right-alt: solid windowtext 1.0pt; padding: 0in 3.5pt 0in 3.5pt; width: 59.0pt;" valign="bottom" width="79"><div align="center" class="MsoNormal" style="text-align: center;">
<span style="font-family: Arial; font-size: 8pt;">900<o:p></o:p></span></div>
</td>
<td nowrap="" style="border-bottom: solid windowtext 1.0pt; border-left: none; border-right: solid windowtext 1.0pt; border-top: none; height: 12.75pt; mso-border-bottom-alt: solid windowtext .5pt; mso-border-right-alt: solid windowtext 1.0pt; padding: 0in 3.5pt 0in 3.5pt; width: 70.0pt;" valign="bottom" width="93"><div align="center" class="MsoNormal" style="text-align: center;">
<span style="font-family: Arial; font-size: 8pt;">28<o:p></o:p></span></div>
</td>
<td nowrap="" style="border-bottom: solid windowtext 1.0pt; border-left: none; border-right: solid windowtext 1.0pt; border-top: none; height: 12.75pt; mso-border-bottom-alt: solid windowtext .5pt; mso-border-right-alt: solid windowtext 1.0pt; padding: 0in 3.5pt 0in 3.5pt; width: 59.0pt;" valign="bottom" width="79"><div align="center" class="MsoNormal" style="text-align: center;">
<span style="font-family: Arial; font-size: 8pt;">928<o:p></o:p></span></div>
</td>
</tr>
<tr style="height: 12.75pt; mso-yfti-irow: 23;">
<td nowrap="" style="border-top: none; border: solid windowtext 1.0pt; height: 12.75pt; mso-border-bottom-alt: solid windowtext .5pt; mso-border-left-alt: solid windowtext 1.0pt; mso-border-right-alt: solid windowtext 1.0pt; padding: 0in 3.5pt 0in 3.5pt; width: 153.0pt;" valign="bottom" width="204"><div class="MsoNormal">
<span style="font-family: Arial; font-size: 8pt;">Dubus(Tarif II)<o:p></o:p></span></div>
</td>
<td nowrap="" style="border-bottom: solid windowtext 1.0pt; border-left: none; border-right: solid windowtext 1.0pt; border-top: none; height: 12.75pt; mso-border-bottom-alt: solid windowtext .5pt; mso-border-right-alt: solid windowtext 1.0pt; padding: 0in 3.5pt 0in 3.5pt; width: 49.0pt;" valign="bottom" width="65"><div align="center" class="MsoNormal" style="text-align: center;">
<span style="font-family: Arial; font-size: 8pt;">457<o:p></o:p></span></div>
</td>
<td nowrap="" style="border-bottom: solid windowtext 1.0pt; border-left: none; border-right: solid windowtext 1.0pt; border-top: none; height: 12.75pt; mso-border-bottom-alt: solid windowtext .5pt; mso-border-right-alt: solid windowtext 1.0pt; padding: 0in 3.5pt 0in 3.5pt; width: 80.0pt;" valign="bottom" width="107"><div align="center" class="MsoNormal" style="text-align: center;">
<span style="font-family: Arial; font-size: 8pt;">15<o:p></o:p></span></div>
</td>
<td nowrap="" style="border-bottom: solid windowtext 1.0pt; border-left: none; border-right: solid windowtext 1.0pt; border-top: none; height: 12.75pt; mso-border-bottom-alt: solid windowtext .5pt; mso-border-right-alt: solid windowtext 1.0pt; padding: 0in 3.5pt 0in 3.5pt; width: 59.0pt;" valign="bottom" width="79"><div align="center" class="MsoNormal" style="text-align: center;">
<span style="font-family: Arial; font-size: 8pt;">900<o:p></o:p></span></div>
</td>
<td nowrap="" style="border-bottom: solid windowtext 1.0pt; border-left: none; border-right: solid windowtext 1.0pt; border-top: none; height: 12.75pt; mso-border-bottom-alt: solid windowtext .5pt; mso-border-right-alt: solid windowtext 1.0pt; padding: 0in 3.5pt 0in 3.5pt; width: 70.0pt;" valign="bottom" width="93"><div align="center" class="MsoNormal" style="text-align: center;">
<span style="font-family: Arial; font-size: 8pt;">76<o:p></o:p></span></div>
</td>
<td nowrap="" style="border-bottom: solid windowtext 1.0pt; border-left: none; border-right: solid windowtext 1.0pt; border-top: none; height: 12.75pt; mso-border-bottom-alt: solid windowtext .5pt; mso-border-right-alt: solid windowtext 1.0pt; padding: 0in 3.5pt 0in 3.5pt; width: 59.0pt;" valign="bottom" width="79"><div align="center" class="MsoNormal" style="text-align: center;">
<span style="font-family: Arial; font-size: 8pt;">976<o:p></o:p></span></div>
</td>
</tr>
<tr style="height: 12.75pt; mso-yfti-irow: 24;">
<td nowrap="" style="border-top: none; border: solid windowtext 1.0pt; height: 12.75pt; mso-border-bottom-alt: solid windowtext .5pt; mso-border-left-alt: solid windowtext 1.0pt; mso-border-right-alt: solid windowtext 1.0pt; padding: 0in 3.5pt 0in 3.5pt; width: 153.0pt;" valign="bottom" width="204"><div class="MsoNormal">
<span style="font-family: Arial; font-size: 8pt;">ABC Bourse(Bourse B)<o:p></o:p></span></div>
</td>
<td nowrap="" style="border-bottom: solid windowtext 1.0pt; border-left: none; border-right: solid windowtext 1.0pt; border-top: none; height: 12.75pt; mso-border-bottom-alt: solid windowtext .5pt; mso-border-right-alt: solid windowtext 1.0pt; padding: 0in 3.5pt 0in 3.5pt; width: 49.0pt;" valign="bottom" width="65"><div align="center" class="MsoNormal" style="text-align: center;">
<span style="font-family: Arial; font-size: 8pt;">500<o:p></o:p></span></div>
</td>
<td nowrap="" style="border-bottom: solid windowtext 1.0pt; border-left: none; border-right: solid windowtext 1.0pt; border-top: none; height: 12.75pt; mso-border-bottom-alt: solid windowtext .5pt; mso-border-right-alt: solid windowtext 1.0pt; padding: 0in 3.5pt 0in 3.5pt; width: 80.0pt;" valign="bottom" width="107"><div align="center" class="MsoNormal" style="text-align: center;">
<span style="font-family: Arial; font-size: 8pt;">15.43<o:p></o:p></span></div>
</td>
<td nowrap="" style="border-bottom: solid windowtext 1.0pt; border-left: none; border-right: solid windowtext 1.0pt; border-top: none; height: 12.75pt; mso-border-bottom-alt: solid windowtext .5pt; mso-border-right-alt: solid windowtext 1.0pt; padding: 0in 3.5pt 0in 3.5pt; width: 59.0pt;" valign="bottom" width="79"><div align="center" class="MsoNormal" style="text-align: center;">
<span style="font-family: Arial; font-size: 8pt;">925.8<o:p></o:p></span></div>
</td>
<td nowrap="" style="border-bottom: solid windowtext 1.0pt; border-left: none; border-right: solid windowtext 1.0pt; border-top: none; height: 12.75pt; mso-border-bottom-alt: solid windowtext .5pt; mso-border-right-alt: solid windowtext 1.0pt; padding: 0in 3.5pt 0in 3.5pt; width: 70.0pt;" valign="bottom" width="93"><div align="center" class="MsoNormal" style="text-align: center;">
<span style="font-family: Arial; font-size: 8pt;">0<o:p></o:p></span></div>
</td>
<td nowrap="" style="border-bottom: solid windowtext 1.0pt; border-left: none; border-right: solid windowtext 1.0pt; border-top: none; height: 12.75pt; mso-border-bottom-alt: solid windowtext .5pt; mso-border-right-alt: solid windowtext 1.0pt; padding: 0in 3.5pt 0in 3.5pt; width: 59.0pt;" valign="bottom" width="79"><div align="center" class="MsoNormal" style="text-align: center;">
<span style="font-family: Arial; font-size: 8pt;">925.8<o:p></o:p></span></div>
</td>
</tr>
<tr style="height: 12.75pt; mso-yfti-irow: 25;">
<td nowrap="" style="border-top: none; border: solid windowtext 1.0pt; height: 12.75pt; mso-border-bottom-alt: solid windowtext .5pt; mso-border-left-alt: solid windowtext 1.0pt; mso-border-right-alt: solid windowtext 1.0pt; padding: 0in 3.5pt 0in 3.5pt; width: 153.0pt;" valign="bottom" width="204"><div class="MsoNormal">
<span style="font-family: Arial; font-size: 8pt;">MesActions.com(France)<o:p></o:p></span></div>
</td>
<td nowrap="" style="border-bottom: solid windowtext 1.0pt; border-left: none; border-right: solid windowtext 1.0pt; border-top: none; height: 12.75pt; mso-border-bottom-alt: solid windowtext .5pt; mso-border-right-alt: solid windowtext 1.0pt; padding: 0in 3.5pt 0in 3.5pt; width: 49.0pt;" valign="bottom" width="65"><div align="center" class="MsoNormal" style="text-align: center;">
<span style="font-family: Arial; font-size: 8pt;">Aucun<o:p></o:p></span></div>
</td>
<td nowrap="" style="border-bottom: solid windowtext 1.0pt; border-left: none; border-right: solid windowtext 1.0pt; border-top: none; height: 12.75pt; mso-border-bottom-alt: solid windowtext .5pt; mso-border-right-alt: solid windowtext 1.0pt; padding: 0in 3.5pt 0in 3.5pt; width: 80.0pt;" valign="bottom" width="107"><div align="center" class="MsoNormal" style="text-align: center;">
<span style="font-family: Arial; font-size: 8pt;">15.49<o:p></o:p></span></div>
</td>
<td nowrap="" style="border-bottom: solid windowtext 1.0pt; border-left: none; border-right: solid windowtext 1.0pt; border-top: none; height: 12.75pt; mso-border-bottom-alt: solid windowtext .5pt; mso-border-right-alt: solid windowtext 1.0pt; padding: 0in 3.5pt 0in 3.5pt; width: 59.0pt;" valign="bottom" width="79"><div align="center" class="MsoNormal" style="text-align: center;">
<span style="font-family: Arial; font-size: 8pt;">929.4<o:p></o:p></span></div>
</td>
<td nowrap="" style="border-bottom: solid windowtext 1.0pt; border-left: none; border-right: solid windowtext 1.0pt; border-top: none; height: 12.75pt; mso-border-bottom-alt: solid windowtext .5pt; mso-border-right-alt: solid windowtext 1.0pt; padding: 0in 3.5pt 0in 3.5pt; width: 70.0pt;" valign="bottom" width="93"><div align="center" class="MsoNormal" style="text-align: center;">
<span style="font-family: Arial; font-size: 8pt;">0<o:p></o:p></span></div>
</td>
<td nowrap="" style="border-bottom: solid windowtext 1.0pt; border-left: none; border-right: solid windowtext 1.0pt; border-top: none; height: 12.75pt; mso-border-bottom-alt: solid windowtext .5pt; mso-border-right-alt: solid windowtext 1.0pt; padding: 0in 3.5pt 0in 3.5pt; width: 59.0pt;" valign="bottom" width="79"><div align="center" class="MsoNormal" style="text-align: center;">
<span style="font-family: Arial; font-size: 8pt;">929.4<o:p></o:p></span></div>
</td>
</tr>
<tr style="height: 12.75pt; mso-yfti-irow: 26;">
<td nowrap="" style="border-top: none; border: solid windowtext 1.0pt; height: 12.75pt; mso-border-bottom-alt: solid windowtext .5pt; mso-border-left-alt: solid windowtext 1.0pt; mso-border-right-alt: solid windowtext 1.0pt; padding: 0in 3.5pt 0in 3.5pt; width: 153.0pt;" valign="bottom" width="204"><div class="MsoNormal">
<span lang="EN-US" style="font-family: Arial; font-size: 8pt;">Cortal Consors(Pack
Pro-Active Trading) <o:p></o:p></span></div>
</td>
<td nowrap="" style="border-bottom: solid windowtext 1.0pt; border-left: none; border-right: solid windowtext 1.0pt; border-top: none; height: 12.75pt; mso-border-bottom-alt: solid windowtext .5pt; mso-border-right-alt: solid windowtext 1.0pt; padding: 0in 3.5pt 0in 3.5pt; width: 49.0pt;" valign="bottom" width="65"><div align="center" class="MsoNormal" style="text-align: center;">
<span style="font-family: Arial; font-size: 8pt;">Aucun<o:p></o:p></span></div>
</td>
<td nowrap="" style="border-bottom: solid windowtext 1.0pt; border-left: none; border-right: solid windowtext 1.0pt; border-top: none; height: 12.75pt; mso-border-bottom-alt: solid windowtext .5pt; mso-border-right-alt: solid windowtext 1.0pt; padding: 0in 3.5pt 0in 3.5pt; width: 80.0pt;" valign="bottom" width="107"><div align="center" class="MsoNormal" style="text-align: center;">
<span style="font-family: Arial; font-size: 8pt;">15.5<o:p></o:p></span></div>
</td>
<td nowrap="" style="border-bottom: solid windowtext 1.0pt; border-left: none; border-right: solid windowtext 1.0pt; border-top: none; height: 12.75pt; mso-border-bottom-alt: solid windowtext .5pt; mso-border-right-alt: solid windowtext 1.0pt; padding: 0in 3.5pt 0in 3.5pt; width: 59.0pt;" valign="bottom" width="79"><div align="center" class="MsoNormal" style="text-align: center;">
<span style="font-family: Arial; font-size: 8pt;">930<o:p></o:p></span></div>
</td>
<td nowrap="" style="border-bottom: solid windowtext 1.0pt; border-left: none; border-right: solid windowtext 1.0pt; border-top: none; height: 12.75pt; mso-border-bottom-alt: solid windowtext .5pt; mso-border-right-alt: solid windowtext 1.0pt; padding: 0in 3.5pt 0in 3.5pt; width: 70.0pt;" valign="bottom" width="93"><div align="center" class="MsoNormal" style="text-align: center;">
<span style="font-family: Arial; font-size: 8pt;">0<o:p></o:p></span></div>
</td>
<td nowrap="" style="border-bottom: solid windowtext 1.0pt; border-left: none; border-right: solid windowtext 1.0pt; border-top: none; height: 12.75pt; mso-border-bottom-alt: solid windowtext .5pt; mso-border-right-alt: solid windowtext 1.0pt; padding: 0in 3.5pt 0in 3.5pt; width: 59.0pt;" valign="bottom" width="79"><div align="center" class="MsoNormal" style="text-align: center;">
<span style="font-family: Arial; font-size: 8pt;">930<o:p></o:p></span></div>
</td>
</tr>
<tr style="height: 12.75pt; mso-yfti-irow: 27;">
<td nowrap="" style="border-top: none; border: solid windowtext 1.0pt; height: 12.75pt; mso-border-bottom-alt: solid windowtext .5pt; mso-border-left-alt: solid windowtext 1.0pt; mso-border-right-alt: solid windowtext 1.0pt; padding: 0in 3.5pt 0in 3.5pt; width: 153.0pt;" valign="bottom" width="204"><div class="MsoNormal">
<span style="font-family: Arial; font-size: 8pt;">Fortuneo(Tarif Eco) <o:p></o:p></span></div>
</td>
<td nowrap="" style="border-bottom: solid windowtext 1.0pt; border-left: none; border-right: solid windowtext 1.0pt; border-top: none; height: 12.75pt; mso-border-bottom-alt: solid windowtext .5pt; mso-border-right-alt: solid windowtext 1.0pt; padding: 0in 3.5pt 0in 3.5pt; width: 49.0pt;" valign="bottom" width="65"><div align="center" class="MsoNormal" style="text-align: center;">
<span style="font-family: Arial; font-size: 8pt;">5 000.00 <o:p></o:p></span></div>
</td>
<td nowrap="" style="border-bottom: solid windowtext 1.0pt; border-left: none; border-right: solid windowtext 1.0pt; border-top: none; height: 12.75pt; mso-border-bottom-alt: solid windowtext .5pt; mso-border-right-alt: solid windowtext 1.0pt; padding: 0in 3.5pt 0in 3.5pt; width: 80.0pt;" valign="bottom" width="107"><div align="center" class="MsoNormal" style="text-align: center;">
<span style="font-family: Arial; font-size: 8pt;">15.5<o:p></o:p></span></div>
</td>
<td nowrap="" style="border-bottom: solid windowtext 1.0pt; border-left: none; border-right: solid windowtext 1.0pt; border-top: none; height: 12.75pt; mso-border-bottom-alt: solid windowtext .5pt; mso-border-right-alt: solid windowtext 1.0pt; padding: 0in 3.5pt 0in 3.5pt; width: 59.0pt;" valign="bottom" width="79"><div align="center" class="MsoNormal" style="text-align: center;">
<span style="font-family: Arial; font-size: 8pt;">930<o:p></o:p></span></div>
</td>
<td nowrap="" style="border-bottom: solid windowtext 1.0pt; border-left: none; border-right: solid windowtext 1.0pt; border-top: none; height: 12.75pt; mso-border-bottom-alt: solid windowtext .5pt; mso-border-right-alt: solid windowtext 1.0pt; padding: 0in 3.5pt 0in 3.5pt; width: 70.0pt;" valign="bottom" width="93"><div align="center" class="MsoNormal" style="text-align: center;">
<span style="font-family: Arial; font-size: 8pt;">0<o:p></o:p></span></div>
</td>
<td nowrap="" style="border-bottom: solid windowtext 1.0pt; border-left: none; border-right: solid windowtext 1.0pt; border-top: none; height: 12.75pt; mso-border-bottom-alt: solid windowtext .5pt; mso-border-right-alt: solid windowtext 1.0pt; padding: 0in 3.5pt 0in 3.5pt; width: 59.0pt;" valign="bottom" width="79"><div align="center" class="MsoNormal" style="text-align: center;">
<span style="font-family: Arial; font-size: 8pt;">930<o:p></o:p></span></div>
</td>
</tr>
<tr style="height: 12.75pt; mso-yfti-irow: 28;">
<td nowrap="" style="border-top: none; border: solid windowtext 1.0pt; height: 12.75pt; mso-border-bottom-alt: solid windowtext .5pt; mso-border-left-alt: solid windowtext 1.0pt; mso-border-right-alt: solid windowtext 1.0pt; padding: 0in 3.5pt 0in 3.5pt; width: 153.0pt;" valign="bottom" width="204"><div class="MsoNormal">
<span style="font-family: Arial; font-size: 8pt;">La Banque Postale(Internet)<o:p></o:p></span></div>
</td>
<td nowrap="" style="border-bottom: solid windowtext 1.0pt; border-left: none; border-right: solid windowtext 1.0pt; border-top: none; height: 12.75pt; mso-border-bottom-alt: solid windowtext .5pt; mso-border-right-alt: solid windowtext 1.0pt; padding: 0in 3.5pt 0in 3.5pt; width: 49.0pt;" valign="bottom" width="65"><div align="center" class="MsoNormal" style="text-align: center;">
<span style="font-family: Arial; font-size: 8pt;">Aucun<o:p></o:p></span></div>
</td>
<td nowrap="" style="border-bottom: solid windowtext 1.0pt; border-left: none; border-right: solid windowtext 1.0pt; border-top: none; height: 12.75pt; mso-border-bottom-alt: solid windowtext .5pt; mso-border-right-alt: solid windowtext 1.0pt; padding: 0in 3.5pt 0in 3.5pt; width: 80.0pt;" valign="bottom" width="107"><div align="center" class="MsoNormal" style="text-align: center;">
<span style="font-family: Arial; font-size: 8pt;">16.5<o:p></o:p></span></div>
</td>
<td nowrap="" style="border-bottom: solid windowtext 1.0pt; border-left: none; border-right: solid windowtext 1.0pt; border-top: none; height: 12.75pt; mso-border-bottom-alt: solid windowtext .5pt; mso-border-right-alt: solid windowtext 1.0pt; padding: 0in 3.5pt 0in 3.5pt; width: 59.0pt;" valign="bottom" width="79"><div align="center" class="MsoNormal" style="text-align: center;">
<span style="font-family: Arial; font-size: 8pt;">990<o:p></o:p></span></div>
</td>
<td nowrap="" style="border-bottom: solid windowtext 1.0pt; border-left: none; border-right: solid windowtext 1.0pt; border-top: none; height: 12.75pt; mso-border-bottom-alt: solid windowtext .5pt; mso-border-right-alt: solid windowtext 1.0pt; padding: 0in 3.5pt 0in 3.5pt; width: 70.0pt;" valign="bottom" width="93"><div align="center" class="MsoNormal" style="text-align: center;">
<span style="font-family: Arial; font-size: 8pt;">24.3<o:p></o:p></span></div>
</td>
<td nowrap="" style="border-bottom: solid windowtext 1.0pt; border-left: none; border-right: solid windowtext 1.0pt; border-top: none; height: 12.75pt; mso-border-bottom-alt: solid windowtext .5pt; mso-border-right-alt: solid windowtext 1.0pt; padding: 0in 3.5pt 0in 3.5pt; width: 59.0pt;" valign="bottom" width="79"><div align="center" class="MsoNormal" style="text-align: center;">
<span style="font-family: Arial; font-size: 8pt;">1 014.30 <o:p></o:p></span></div>
</td>
</tr>
<tr style="height: 12.75pt; mso-yfti-irow: 29;">
<td nowrap="" style="border-top: none; border: solid windowtext 1.0pt; height: 12.75pt; mso-border-bottom-alt: solid windowtext .5pt; mso-border-left-alt: solid windowtext 1.0pt; mso-border-right-alt: solid windowtext 1.0pt; padding: 0in 3.5pt 0in 3.5pt; width: 153.0pt;" valign="bottom" width="204"><div class="MsoNormal">
<span style="font-family: Arial; font-size: 8pt;">Cortal Consors(Cortal Consors
Trading) <o:p></o:p></span></div>
</td>
<td nowrap="" style="border-bottom: solid windowtext 1.0pt; border-left: none; border-right: solid windowtext 1.0pt; border-top: none; height: 12.75pt; mso-border-bottom-alt: solid windowtext .5pt; mso-border-right-alt: solid windowtext 1.0pt; padding: 0in 3.5pt 0in 3.5pt; width: 49.0pt;" valign="bottom" width="65"><div align="center" class="MsoNormal" style="text-align: center;">
<span style="font-family: Arial; font-size: 8pt;">Aucun<o:p></o:p></span></div>
</td>
<td nowrap="" style="border-bottom: solid windowtext 1.0pt; border-left: none; border-right: solid windowtext 1.0pt; border-top: none; height: 12.75pt; mso-border-bottom-alt: solid windowtext .5pt; mso-border-right-alt: solid windowtext 1.0pt; padding: 0in 3.5pt 0in 3.5pt; width: 80.0pt;" valign="bottom" width="107"><div align="center" class="MsoNormal" style="text-align: center;">
<span style="font-family: Arial; font-size: 8pt;">16.5<o:p></o:p></span></div>
</td>
<td nowrap="" style="border-bottom: solid windowtext 1.0pt; border-left: none; border-right: solid windowtext 1.0pt; border-top: none; height: 12.75pt; mso-border-bottom-alt: solid windowtext .5pt; mso-border-right-alt: solid windowtext 1.0pt; padding: 0in 3.5pt 0in 3.5pt; width: 59.0pt;" valign="bottom" width="79"><div align="center" class="MsoNormal" style="text-align: center;">
<span style="font-family: Arial; font-size: 8pt;">990<o:p></o:p></span></div>
</td>
<td nowrap="" style="border-bottom: solid windowtext 1.0pt; border-left: none; border-right: solid windowtext 1.0pt; border-top: none; height: 12.75pt; mso-border-bottom-alt: solid windowtext .5pt; mso-border-right-alt: solid windowtext 1.0pt; padding: 0in 3.5pt 0in 3.5pt; width: 70.0pt;" valign="bottom" width="93"><div align="center" class="MsoNormal" style="text-align: center;">
<span style="font-family: Arial; font-size: 8pt;">29<o:p></o:p></span></div>
</td>
<td nowrap="" style="border-bottom: solid windowtext 1.0pt; border-left: none; border-right: solid windowtext 1.0pt; border-top: none; height: 12.75pt; mso-border-bottom-alt: solid windowtext .5pt; mso-border-right-alt: solid windowtext 1.0pt; padding: 0in 3.5pt 0in 3.5pt; width: 59.0pt;" valign="bottom" width="79"><div align="center" class="MsoNormal" style="text-align: center;">
<span style="font-family: Arial; font-size: 8pt;">1 019.00 <o:p></o:p></span></div>
</td>
</tr>
<tr style="height: 12.75pt; mso-yfti-irow: 30;">
<td nowrap="" style="border-top: none; border: solid windowtext 1.0pt; height: 12.75pt; mso-border-bottom-alt: solid windowtext .5pt; mso-border-left-alt: solid windowtext 1.0pt; mso-border-right-alt: solid windowtext 1.0pt; padding: 0in 3.5pt 0in 3.5pt; width: 153.0pt;" valign="bottom" width="204"><div class="MsoNormal">
<span style="font-family: Arial; font-size: 8pt;">Bnp Paribas(Offre bourse)<o:p></o:p></span></div>
</td>
<td nowrap="" style="border-bottom: solid windowtext 1.0pt; border-left: none; border-right: solid windowtext 1.0pt; border-top: none; height: 12.75pt; mso-border-bottom-alt: solid windowtext .5pt; mso-border-right-alt: solid windowtext 1.0pt; padding: 0in 3.5pt 0in 3.5pt; width: 49.0pt;" valign="bottom" width="65"><div align="center" class="MsoNormal" style="text-align: center;">
<span style="font-family: Arial; font-size: 8pt;">Aucun<o:p></o:p></span></div>
</td>
<td nowrap="" style="border-bottom: solid windowtext 1.0pt; border-left: none; border-right: solid windowtext 1.0pt; border-top: none; height: 12.75pt; mso-border-bottom-alt: solid windowtext .5pt; mso-border-right-alt: solid windowtext 1.0pt; padding: 0in 3.5pt 0in 3.5pt; width: 80.0pt;" valign="bottom" width="107"><div align="center" class="MsoNormal" style="text-align: center;">
<span style="font-family: Arial; font-size: 8pt;">16.5<o:p></o:p></span></div>
</td>
<td nowrap="" style="border-bottom: solid windowtext 1.0pt; border-left: none; border-right: solid windowtext 1.0pt; border-top: none; height: 12.75pt; mso-border-bottom-alt: solid windowtext .5pt; mso-border-right-alt: solid windowtext 1.0pt; padding: 0in 3.5pt 0in 3.5pt; width: 59.0pt;" valign="bottom" width="79"><div align="center" class="MsoNormal" style="text-align: center;">
<span style="font-family: Arial; font-size: 8pt;">990<o:p></o:p></span></div>
</td>
<td nowrap="" style="border-bottom: solid windowtext 1.0pt; border-left: none; border-right: solid windowtext 1.0pt; border-top: none; height: 12.75pt; mso-border-bottom-alt: solid windowtext .5pt; mso-border-right-alt: solid windowtext 1.0pt; padding: 0in 3.5pt 0in 3.5pt; width: 70.0pt;" valign="bottom" width="93"><div align="center" class="MsoNormal" style="text-align: center;">
<span style="font-family: Arial; font-size: 8pt;">51.75<o:p></o:p></span></div>
</td>
<td nowrap="" style="border-bottom: solid windowtext 1.0pt; border-left: none; border-right: solid windowtext 1.0pt; border-top: none; height: 12.75pt; mso-border-bottom-alt: solid windowtext .5pt; mso-border-right-alt: solid windowtext 1.0pt; padding: 0in 3.5pt 0in 3.5pt; width: 59.0pt;" valign="bottom" width="79"><div align="center" class="MsoNormal" style="text-align: center;">
<span style="font-family: Arial; font-size: 8pt;">1 041.75 <o:p></o:p></span></div>
</td>
</tr>
<tr style="height: 12.75pt; mso-yfti-irow: 31;">
<td nowrap="" style="border-top: none; border: solid windowtext 1.0pt; height: 12.75pt; mso-border-bottom-alt: solid windowtext .5pt; mso-border-left-alt: solid windowtext 1.0pt; mso-border-right-alt: solid windowtext 1.0pt; padding: 0in 3.5pt 0in 3.5pt; width: 153.0pt;" valign="bottom" width="204"><div class="MsoNormal">
<span style="font-family: Arial; font-size: 8pt;">Boursorama(Trader France) <o:p></o:p></span></div>
</td>
<td nowrap="" style="border-bottom: solid windowtext 1.0pt; border-left: none; border-right: solid windowtext 1.0pt; border-top: none; height: 12.75pt; mso-border-bottom-alt: solid windowtext .5pt; mso-border-right-alt: solid windowtext 1.0pt; padding: 0in 3.5pt 0in 3.5pt; width: 49.0pt;" valign="bottom" width="65"><div align="center" class="MsoNormal" style="text-align: center;">
<span style="font-family: Arial; font-size: 8pt;">1 000.00 <o:p></o:p></span></div>
</td>
<td nowrap="" style="border-bottom: solid windowtext 1.0pt; border-left: none; border-right: solid windowtext 1.0pt; border-top: none; height: 12.75pt; mso-border-bottom-alt: solid windowtext .5pt; mso-border-right-alt: solid windowtext 1.0pt; padding: 0in 3.5pt 0in 3.5pt; width: 80.0pt;" valign="bottom" width="107"><div align="center" class="MsoNormal" style="text-align: center;">
<span style="font-family: Arial; font-size: 8pt;">16.65<o:p></o:p></span></div>
</td>
<td nowrap="" style="border-bottom: solid windowtext 1.0pt; border-left: none; border-right: solid windowtext 1.0pt; border-top: none; height: 12.75pt; mso-border-bottom-alt: solid windowtext .5pt; mso-border-right-alt: solid windowtext 1.0pt; padding: 0in 3.5pt 0in 3.5pt; width: 59.0pt;" valign="bottom" width="79"><div align="center" class="MsoNormal" style="text-align: center;">
<span style="font-family: Arial; font-size: 8pt;">999<o:p></o:p></span></div>
</td>
<td nowrap="" style="border-bottom: solid windowtext 1.0pt; border-left: none; border-right: solid windowtext 1.0pt; border-top: none; height: 12.75pt; mso-border-bottom-alt: solid windowtext .5pt; mso-border-right-alt: solid windowtext 1.0pt; padding: 0in 3.5pt 0in 3.5pt; width: 70.0pt;" valign="bottom" width="93"><div align="center" class="MsoNormal" style="text-align: center;">
<span style="font-family: Arial; font-size: 8pt;">0<o:p></o:p></span></div>
</td>
<td nowrap="" style="border-bottom: solid windowtext 1.0pt; border-left: none; border-right: solid windowtext 1.0pt; border-top: none; height: 12.75pt; mso-border-bottom-alt: solid windowtext .5pt; mso-border-right-alt: solid windowtext 1.0pt; padding: 0in 3.5pt 0in 3.5pt; width: 59.0pt;" valign="bottom" width="79"><div align="center" class="MsoNormal" style="text-align: center;">
<span style="font-family: Arial; font-size: 8pt;">999<o:p></o:p></span></div>
</td>
</tr>
<tr style="height: 12.75pt; mso-yfti-irow: 32;">
<td nowrap="" style="border-top: none; border: solid windowtext 1.0pt; height: 12.75pt; mso-border-bottom-alt: solid windowtext .5pt; mso-border-left-alt: solid windowtext 1.0pt; mso-border-right-alt: solid windowtext 1.0pt; padding: 0in 3.5pt 0in 3.5pt; width: 153.0pt;" valign="bottom" width="204"><div class="MsoNormal">
<span style="font-family: Arial; font-size: 8pt;">Société générale(Offre bourse)<o:p></o:p></span></div>
</td>
<td nowrap="" style="border-bottom: solid windowtext 1.0pt; border-left: none; border-right: solid windowtext 1.0pt; border-top: none; height: 12.75pt; mso-border-bottom-alt: solid windowtext .5pt; mso-border-right-alt: solid windowtext 1.0pt; padding: 0in 3.5pt 0in 3.5pt; width: 49.0pt;" valign="bottom" width="65"><div align="center" class="MsoNormal" style="text-align: center;">
<span style="font-family: Arial; font-size: 8pt;">Aucun<o:p></o:p></span></div>
</td>
<td nowrap="" style="border-bottom: solid windowtext 1.0pt; border-left: none; border-right: solid windowtext 1.0pt; border-top: none; height: 12.75pt; mso-border-bottom-alt: solid windowtext .5pt; mso-border-right-alt: solid windowtext 1.0pt; padding: 0in 3.5pt 0in 3.5pt; width: 80.0pt;" valign="bottom" width="107"><div align="center" class="MsoNormal" style="text-align: center;">
<span style="font-family: Arial; font-size: 8pt;">16.5<o:p></o:p></span></div>
</td>
<td nowrap="" style="border-bottom: solid windowtext 1.0pt; border-left: none; border-right: solid windowtext 1.0pt; border-top: none; height: 12.75pt; mso-border-bottom-alt: solid windowtext .5pt; mso-border-right-alt: solid windowtext 1.0pt; padding: 0in 3.5pt 0in 3.5pt; width: 59.0pt;" valign="bottom" width="79"><div align="center" class="MsoNormal" style="text-align: center;">
<span style="font-family: Arial; font-size: 8pt;">1 098.00 <o:p></o:p></span></div>
</td>
<td nowrap="" style="border-bottom: solid windowtext 1.0pt; border-left: none; border-right: solid windowtext 1.0pt; border-top: none; height: 12.75pt; mso-border-bottom-alt: solid windowtext .5pt; mso-border-right-alt: solid windowtext 1.0pt; padding: 0in 3.5pt 0in 3.5pt; width: 70.0pt;" valign="bottom" width="93"><div align="center" class="MsoNormal" style="text-align: center;">
<span style="font-family: Arial; font-size: 8pt;">0<o:p></o:p></span></div>
</td>
<td nowrap="" style="border-bottom: solid windowtext 1.0pt; border-left: none; border-right: solid windowtext 1.0pt; border-top: none; height: 12.75pt; mso-border-bottom-alt: solid windowtext .5pt; mso-border-right-alt: solid windowtext 1.0pt; padding: 0in 3.5pt 0in 3.5pt; width: 59.0pt;" valign="bottom" width="79"><div align="center" class="MsoNormal" style="text-align: center;">
<span style="font-family: Arial; font-size: 8pt;">1 098.00 <o:p></o:p></span></div>
</td>
</tr>
<tr style="height: 12.75pt; mso-yfti-irow: 33;">
<td nowrap="" style="border-top: none; border: solid windowtext 1.0pt; height: 12.75pt; mso-border-bottom-alt: solid windowtext .5pt; mso-border-left-alt: solid windowtext 1.0pt; mso-border-right-alt: solid windowtext 1.0pt; padding: 0in 3.5pt 0in 3.5pt; width: 153.0pt;" valign="bottom" width="204"><div class="MsoNormal">
<span style="font-family: Arial; font-size: 8pt;">Linebourse(LineBourse France)<o:p></o:p></span></div>
</td>
<td nowrap="" style="border-bottom: solid windowtext 1.0pt; border-left: none; border-right: solid windowtext 1.0pt; border-top: none; height: 12.75pt; mso-border-bottom-alt: solid windowtext .5pt; mso-border-right-alt: solid windowtext 1.0pt; padding: 0in 3.5pt 0in 3.5pt; width: 49.0pt;" valign="bottom" width="65"><div align="center" class="MsoNormal" style="text-align: center;">
<span style="font-family: Arial; font-size: 8pt;">Aucun<o:p></o:p></span></div>
</td>
<td nowrap="" style="border-bottom: solid windowtext 1.0pt; border-left: none; border-right: solid windowtext 1.0pt; border-top: none; height: 12.75pt; mso-border-bottom-alt: solid windowtext .5pt; mso-border-right-alt: solid windowtext 1.0pt; padding: 0in 3.5pt 0in 3.5pt; width: 80.0pt;" valign="bottom" width="107"><div align="center" class="MsoNormal" style="text-align: center;">
<span style="font-family: Arial; font-size: 8pt;">17.7<o:p></o:p></span></div>
</td>
<td nowrap="" style="border-bottom: solid windowtext 1.0pt; border-left: none; border-right: solid windowtext 1.0pt; border-top: none; height: 12.75pt; mso-border-bottom-alt: solid windowtext .5pt; mso-border-right-alt: solid windowtext 1.0pt; padding: 0in 3.5pt 0in 3.5pt; width: 59.0pt;" valign="bottom" width="79"><div align="center" class="MsoNormal" style="text-align: center;">
<span style="font-family: Arial; font-size: 8pt;">1 062.00 <o:p></o:p></span></div>
</td>
<td nowrap="" style="border-bottom: solid windowtext 1.0pt; border-left: none; border-right: solid windowtext 1.0pt; border-top: none; height: 12.75pt; mso-border-bottom-alt: solid windowtext .5pt; mso-border-right-alt: solid windowtext 1.0pt; padding: 0in 3.5pt 0in 3.5pt; width: 70.0pt;" valign="bottom" width="93"><div align="center" class="MsoNormal" style="text-align: center;">
<span style="font-family: Arial; font-size: 8pt;">90.9<o:p></o:p></span></div>
</td>
<td nowrap="" style="border-bottom: solid windowtext 1.0pt; border-left: none; border-right: solid windowtext 1.0pt; border-top: none; height: 12.75pt; mso-border-bottom-alt: solid windowtext .5pt; mso-border-right-alt: solid windowtext 1.0pt; padding: 0in 3.5pt 0in 3.5pt; width: 59.0pt;" valign="bottom" width="79"><div align="center" class="MsoNormal" style="text-align: center;">
<span style="font-family: Arial; font-size: 8pt;">1 152.90 <o:p></o:p></span></div>
</td>
</tr>
<tr style="height: 12.75pt; mso-yfti-irow: 34;">
<td nowrap="" style="border-top: none; border: solid windowtext 1.0pt; height: 12.75pt; mso-border-bottom-alt: solid windowtext .5pt; mso-border-left-alt: solid windowtext 1.0pt; mso-border-right-alt: solid windowtext 1.0pt; padding: 0in 3.5pt 0in 3.5pt; width: 153.0pt;" valign="bottom" width="204"><div class="MsoNormal">
<span lang="FR" style="font-family: Arial; font-size: 8pt;">Caisse d'Epargne(Direct Ecureuil Bourse)<o:p></o:p></span></div>
</td>
<td nowrap="" style="border-bottom: solid windowtext 1.0pt; border-left: none; border-right: solid windowtext 1.0pt; border-top: none; height: 12.75pt; mso-border-bottom-alt: solid windowtext .5pt; mso-border-right-alt: solid windowtext 1.0pt; padding: 0in 3.5pt 0in 3.5pt; width: 49.0pt;" valign="bottom" width="65"><div align="center" class="MsoNormal" style="text-align: center;">
<span style="font-family: Arial; font-size: 8pt;">Aucun<o:p></o:p></span></div>
</td>
<td nowrap="" style="border-bottom: solid windowtext 1.0pt; border-left: none; border-right: solid windowtext 1.0pt; border-top: none; height: 12.75pt; mso-border-bottom-alt: solid windowtext .5pt; mso-border-right-alt: solid windowtext 1.0pt; padding: 0in 3.5pt 0in 3.5pt; width: 80.0pt;" valign="bottom" width="107"><div align="center" class="MsoNormal" style="text-align: center;">
<span style="font-family: Arial; font-size: 8pt;">18<o:p></o:p></span></div>
</td>
<td nowrap="" style="border-bottom: solid windowtext 1.0pt; border-left: none; border-right: solid windowtext 1.0pt; border-top: none; height: 12.75pt; mso-border-bottom-alt: solid windowtext .5pt; mso-border-right-alt: solid windowtext 1.0pt; padding: 0in 3.5pt 0in 3.5pt; width: 59.0pt;" valign="bottom" width="79"><div align="center" class="MsoNormal" style="text-align: center;">
<span style="font-family: Arial; font-size: 8pt;">1 080.00 <o:p></o:p></span></div>
</td>
<td nowrap="" style="border-bottom: solid windowtext 1.0pt; border-left: none; border-right: solid windowtext 1.0pt; border-top: none; height: 12.75pt; mso-border-bottom-alt: solid windowtext .5pt; mso-border-right-alt: solid windowtext 1.0pt; padding: 0in 3.5pt 0in 3.5pt; width: 70.0pt;" valign="bottom" width="93"><div align="center" class="MsoNormal" style="text-align: center;">
<span style="font-family: Arial; font-size: 8pt;">29<o:p></o:p></span></div>
</td>
<td nowrap="" style="border-bottom: solid windowtext 1.0pt; border-left: none; border-right: solid windowtext 1.0pt; border-top: none; height: 12.75pt; mso-border-bottom-alt: solid windowtext .5pt; mso-border-right-alt: solid windowtext 1.0pt; padding: 0in 3.5pt 0in 3.5pt; width: 59.0pt;" valign="bottom" width="79"><div align="center" class="MsoNormal" style="text-align: center;">
<span style="font-family: Arial; font-size: 8pt;">1 109.00 <o:p></o:p></span></div>
</td>
</tr>
<tr style="height: 12.75pt; mso-yfti-irow: 35;">
<td nowrap="" style="border-top: none; border: solid windowtext 1.0pt; height: 12.75pt; mso-border-bottom-alt: solid windowtext .5pt; mso-border-left-alt: solid windowtext 1.0pt; mso-border-right-alt: solid windowtext 1.0pt; padding: 0in 3.5pt 0in 3.5pt; width: 153.0pt;" valign="bottom" width="204"><div class="MsoNormal">
<span style="font-family: Arial; font-size: 8pt;">HSBC(Invest)<o:p></o:p></span></div>
</td>
<td nowrap="" style="border-bottom: solid windowtext 1.0pt; border-left: none; border-right: solid windowtext 1.0pt; border-top: none; height: 12.75pt; mso-border-bottom-alt: solid windowtext .5pt; mso-border-right-alt: solid windowtext 1.0pt; padding: 0in 3.5pt 0in 3.5pt; width: 49.0pt;" valign="bottom" width="65"><div align="center" class="MsoNormal" style="text-align: center;">
<span style="font-family: Arial; font-size: 8pt;">Aucun<o:p></o:p></span></div>
</td>
<td nowrap="" style="border-bottom: solid windowtext 1.0pt; border-left: none; border-right: solid windowtext 1.0pt; border-top: none; height: 12.75pt; mso-border-bottom-alt: solid windowtext .5pt; mso-border-right-alt: solid windowtext 1.0pt; padding: 0in 3.5pt 0in 3.5pt; width: 80.0pt;" valign="bottom" width="107"><div align="center" class="MsoNormal" style="text-align: center;">
<span style="font-family: Arial; font-size: 8pt;">19.5<o:p></o:p></span></div>
</td>
<td nowrap="" style="border-bottom: solid windowtext 1.0pt; border-left: none; border-right: solid windowtext 1.0pt; border-top: none; height: 12.75pt; mso-border-bottom-alt: solid windowtext .5pt; mso-border-right-alt: solid windowtext 1.0pt; padding: 0in 3.5pt 0in 3.5pt; width: 59.0pt;" valign="bottom" width="79"><div align="center" class="MsoNormal" style="text-align: center;">
<span style="font-family: Arial; font-size: 8pt;">1 170.00 <o:p></o:p></span></div>
</td>
<td nowrap="" style="border-bottom: solid windowtext 1.0pt; border-left: none; border-right: solid windowtext 1.0pt; border-top: none; height: 12.75pt; mso-border-bottom-alt: solid windowtext .5pt; mso-border-right-alt: solid windowtext 1.0pt; padding: 0in 3.5pt 0in 3.5pt; width: 70.0pt;" valign="bottom" width="93"><div align="center" class="MsoNormal" style="text-align: center;">
<span style="font-family: Arial; font-size: 8pt;">28<o:p></o:p></span></div>
</td>
<td nowrap="" style="border-bottom: solid windowtext 1.0pt; border-left: none; border-right: solid windowtext 1.0pt; border-top: none; height: 12.75pt; mso-border-bottom-alt: solid windowtext .5pt; mso-border-right-alt: solid windowtext 1.0pt; padding: 0in 3.5pt 0in 3.5pt; width: 59.0pt;" valign="bottom" width="79"><div align="center" class="MsoNormal" style="text-align: center;">
<span style="font-family: Arial; font-size: 8pt;">1 198.00 <o:p></o:p></span></div>
</td>
</tr>
<tr style="height: 12.75pt; mso-yfti-irow: 36;">
<td nowrap="" style="border-top: none; border: solid windowtext 1.0pt; height: 12.75pt; mso-border-bottom-alt: solid windowtext .5pt; mso-border-left-alt: solid windowtext 1.0pt; mso-border-right-alt: solid windowtext 1.0pt; padding: 0in 3.5pt 0in 3.5pt; width: 153.0pt;" valign="bottom" width="204"><div class="MsoNormal">
<span style="font-family: Arial; font-size: 8pt;">Crédit Agricole(Invest Store initial)<o:p></o:p></span></div>
</td>
<td nowrap="" style="border-bottom: solid windowtext 1.0pt; border-left: none; border-right: solid windowtext 1.0pt; border-top: none; height: 12.75pt; mso-border-bottom-alt: solid windowtext .5pt; mso-border-right-alt: solid windowtext 1.0pt; padding: 0in 3.5pt 0in 3.5pt; width: 49.0pt;" valign="bottom" width="65"><div align="center" class="MsoNormal" style="text-align: center;">
<span style="font-family: Arial; font-size: 8pt;">Aucun<o:p></o:p></span></div>
</td>
<td nowrap="" style="border-bottom: solid windowtext 1.0pt; border-left: none; border-right: solid windowtext 1.0pt; border-top: none; height: 12.75pt; mso-border-bottom-alt: solid windowtext .5pt; mso-border-right-alt: solid windowtext 1.0pt; padding: 0in 3.5pt 0in 3.5pt; width: 80.0pt;" valign="bottom" width="107"><div align="center" class="MsoNormal" style="text-align: center;">
<span style="font-family: Arial; font-size: 8pt;">20.7<o:p></o:p></span></div>
</td>
<td nowrap="" style="border-bottom: solid windowtext 1.0pt; border-left: none; border-right: solid windowtext 1.0pt; border-top: none; height: 12.75pt; mso-border-bottom-alt: solid windowtext .5pt; mso-border-right-alt: solid windowtext 1.0pt; padding: 0in 3.5pt 0in 3.5pt; width: 59.0pt;" valign="bottom" width="79"><div align="center" class="MsoNormal" style="text-align: center;">
<span style="font-family: Arial; font-size: 8pt;">1 242.00 <o:p></o:p></span></div>
</td>
<td nowrap="" style="border-bottom: solid windowtext 1.0pt; border-left: none; border-right: solid windowtext 1.0pt; border-top: none; height: 12.75pt; mso-border-bottom-alt: solid windowtext .5pt; mso-border-right-alt: solid windowtext 1.0pt; padding: 0in 3.5pt 0in 3.5pt; width: 70.0pt;" valign="bottom" width="93"><div align="center" class="MsoNormal" style="text-align: center;">
<span style="font-family: Arial; font-size: 8pt;">0<o:p></o:p></span></div>
</td>
<td nowrap="" style="border-bottom: solid windowtext 1.0pt; border-left: none; border-right: solid windowtext 1.0pt; border-top: none; height: 12.75pt; mso-border-bottom-alt: solid windowtext .5pt; mso-border-right-alt: solid windowtext 1.0pt; padding: 0in 3.5pt 0in 3.5pt; width: 59.0pt;" valign="bottom" width="79"><div align="center" class="MsoNormal" style="text-align: center;">
<span style="font-family: Arial; font-size: 8pt;">1 242.00 <o:p></o:p></span></div>
</td>
</tr>
<tr style="height: 13.5pt; mso-yfti-irow: 37; mso-yfti-lastrow: yes;">
<td nowrap="" style="border-top: none; border: solid windowtext 1.0pt; height: 13.5pt; padding: 0in 3.5pt 0in 3.5pt; width: 153.0pt;" valign="bottom" width="204"><div class="MsoNormal">
<span style="font-family: Arial; font-size: 8pt;">Dubus(Tarif III)<o:p></o:p></span></div>
</td>
<td nowrap="" style="border-bottom: solid windowtext 1.0pt; border-left: none; border-right: solid windowtext 1.0pt; border-top: none; height: 13.5pt; padding: 0in 3.5pt 0in 3.5pt; width: 49.0pt;" valign="bottom" width="65"><div align="center" class="MsoNormal" style="text-align: center;">
<span style="font-family: Arial; font-size: 8pt;">Aucun<o:p></o:p></span></div>
</td>
<td nowrap="" style="border-bottom: solid windowtext 1.0pt; border-left: none; border-right: solid windowtext 1.0pt; border-top: none; height: 13.5pt; padding: 0in 3.5pt 0in 3.5pt; width: 80.0pt;" valign="bottom" width="107"><div align="center" class="MsoNormal" style="text-align: center;">
<span style="font-family: Arial; font-size: 8pt;">39<o:p></o:p></span></div>
</td>
<td nowrap="" style="border-bottom: solid windowtext 1.0pt; border-left: none; border-right: solid windowtext 1.0pt; border-top: none; height: 13.5pt; padding: 0in 3.5pt 0in 3.5pt; width: 59.0pt;" valign="bottom" width="79"><div align="center" class="MsoNormal" style="text-align: center;">
<span style="font-family: Arial; font-size: 8pt;">2 340.00 <o:p></o:p></span></div>
</td>
<td nowrap="" style="border-bottom: solid windowtext 1.0pt; border-left: none; border-right: solid windowtext 1.0pt; border-top: none; height: 13.5pt; padding: 0in 3.5pt 0in 3.5pt; width: 70.0pt;" valign="bottom" width="93"><div align="center" class="MsoNormal" style="text-align: center;">
<span style="font-family: Arial; font-size: 8pt;">100<o:p></o:p></span></div>
</td>
<td nowrap="" style="border-bottom: solid windowtext 1.0pt; border-left: none; border-right: solid windowtext 1.0pt; border-top: none; height: 13.5pt; padding: 0in 3.5pt 0in 3.5pt; width: 59.0pt;" valign="bottom" width="79"><div align="center" class="MsoNormal" style="text-align: center;">
<span style="font-family: Arial; font-size: 8pt;">2 440.00 <o:p></o:p></span></div>
</td>
</tr>
</tbody></table>
<br />
source : <a href="http://www.francetransactions.com/bourse-sicav/comparateur-frais-courtage.html">FranceTransactions</a><br />
<br />Unknownnoreply@blogger.com1tag:blogger.com,1999:blog-4125880878913106640.post-9892909091615873432010-10-31T18:56:00.006+01:002010-11-03T01:50:23.749+01:00Création de www.BiobestInvest.com: le Site de Trading Biotech<div class="separator" style="clear: both; text-align: center;">
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<a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEiqCsEGmuVAy_ASyqP3OyTsGHi6ujff5SiIiJ2kBpPG_kwRvOZuwyZTryVdW86Gour4i0zIZczak81mM6iuHb20JTbC6iBF79HAkh9XoNRx2F08nBAJECvG1zOcRQpp8xGNZDgOHWJZmhCA/s1600/Logo+BI.png" imageanchor="1" style="clear: left; float: left; margin-bottom: 1em; margin-right: 1em;"><img border="0" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEiqCsEGmuVAy_ASyqP3OyTsGHi6ujff5SiIiJ2kBpPG_kwRvOZuwyZTryVdW86Gour4i0zIZczak81mM6iuHb20JTbC6iBF79HAkh9XoNRx2F08nBAJECvG1zOcRQpp8xGNZDgOHWJZmhCA/s1600/Logo+BI.png" /></a></div>
<i>Je souhaite annoncer le Lancement officiel d'un site de Biotechnologie: </i><a href="http://www.biobestinvest.com/"><b><span class="Apple-style-span" style="color: blue;">www.BiobestInvest.com</span></b></a><i>. Ce site, créé avec 3 associés, a pour objectif de couvrir des valeurs Biotechs à fort Potentiel. Sur le dernier mois, notre performance s'élève à +13,6%</i> (<a href="http://www.biobestinvest.com/2010/10/suivi-conseils-biotechs-2.html"><b><span class="Apple-style-span" style="color: blue;">voir cet article qui reprend le suivi des Conseils</span></b></a>).<i> Le CAC 40 a pris +1,2% dans le même temps. A très bientôt j'espère, Sacha</i><br />
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<br /></div>Unknownnoreply@blogger.com0tag:blogger.com,1999:blog-4125880878913106640.post-70375871123681415512010-10-24T05:04:00.002+02:002010-10-26T21:32:04.291+02:00Les Trackers US ont la côteLes Trackers US ont la côte...<br />
<a name='more'></a><br />
<table border="0" cellpadding="0" cellspacing="0" class="MsoNormalTable" style="border-collapse: collapse; margin-left: 3.25pt; width: 407px;">
<tbody>
<tr style="height: 15.0pt; mso-yfti-firstrow: yes; mso-yfti-irow: 0;">
<td nowrap="" style="border: solid windowtext 1.0pt; height: 15.0pt; mso-border-alt: solid windowtext .5pt; padding: 0cm 3.5pt 0cm 3.5pt; width: 106.6pt;" valign="bottom" width="142"><div class="MsoNormal">
<b><span style="color: black; font-family: Calibri, sans-serif; font-size: 8pt;">Nom du Tracker<o:p></o:p></span></b></div>
</td>
<td nowrap="" style="border-left: none; border: solid windowtext 1.0pt; height: 15.0pt; mso-border-bottom-alt: solid windowtext .5pt; mso-border-right-alt: solid windowtext .5pt; mso-border-top-alt: solid windowtext .5pt; padding: 0cm 3.5pt 0cm 3.5pt; width: 42.5pt;" valign="bottom" width="57"><div align="center" class="MsoNormal" style="text-align: center;">
<b><span style="color: black; font-family: Calibri, sans-serif; font-size: 8pt;">Code<o:p></o:p></span></b></div>
</td>
<td nowrap="" style="border-left: none; border: solid windowtext 1.0pt; height: 15.0pt; mso-border-bottom-alt: solid windowtext .5pt; mso-border-right-alt: solid windowtext .5pt; mso-border-top-alt: solid windowtext .5pt; padding: 0cm 3.5pt 0cm 3.5pt; width: 2.0cm;" valign="bottom" width="76"><div align="center" class="MsoNormal" style="text-align: center;">
<b><span style="color: black; font-family: Calibri, sans-serif; font-size: 8pt;">Performance<o:p></o:p></span></b></div>
</td>
<td nowrap="" style="border-left: none; border: solid windowtext 1.0pt; height: 15.0pt; mso-border-bottom-alt: solid windowtext .5pt; mso-border-right-alt: solid windowtext .5pt; mso-border-top-alt: solid windowtext .5pt; padding: 0cm 3.5pt 0cm 3.5pt; width: 2.0cm;" valign="bottom" width="76"><div align="center" class="MsoNormal" style="text-align: center;">
<b><span style="color: black; font-family: Calibri, sans-serif; font-size: 8pt;">Diversification<o:p></o:p></span></b></div>
</td>
<td nowrap="" style="border-left: none; border: solid windowtext 1.0pt; height: 15.0pt; mso-border-bottom-alt: solid windowtext .5pt; mso-border-right-alt: solid windowtext .5pt; mso-border-top-alt: solid windowtext .5pt; padding: 0cm 3.5pt 0cm 3.5pt; width: 42.55pt;" valign="bottom" width="57"><div align="center" class="MsoNormal" style="text-align: center;">
<b><span style="color: black; font-family: Calibri, sans-serif; font-size: 8pt;">Liquidité<o:p></o:p></span></b></div>
</td>
</tr>
<tr style="height: 15.0pt; mso-yfti-irow: 1;">
<td nowrap="" style="border-top: none; border: solid windowtext 1.0pt; height: 15.0pt; mso-border-bottom-alt: solid windowtext .5pt; mso-border-left-alt: solid windowtext .5pt; mso-border-right-alt: solid windowtext .5pt; padding: 0cm 3.5pt 0cm 3.5pt; width: 106.6pt;" valign="bottom" width="142"><div class="MsoNormal">
<b><span style="color: black; font-family: Arial, sans-serif; font-size: 8pt;">AMEX BIOTECHNOLOGY INDEX <o:p></o:p></span></b></div>
</td>
<td nowrap="" style="border-bottom: solid windowtext 1.0pt; border-left: none; border-right: solid windowtext 1.0pt; border-top: none; height: 15.0pt; mso-border-bottom-alt: solid windowtext .5pt; mso-border-right-alt: solid windowtext .5pt; padding: 0cm 3.5pt 0cm 3.5pt; width: 42.5pt;" valign="bottom" width="57"><div align="center" class="MsoNormal" style="text-align: center;">
<b><span style="color: black; font-family: Calibri, sans-serif; font-size: 8pt;">BTK<o:p></o:p></span></b></div>
</td>
<td nowrap="" style="border-bottom: solid windowtext 1.0pt; border-left: none; border-right: solid windowtext 1.0pt; border-top: none; height: 15.0pt; mso-border-bottom-alt: solid windowtext .5pt; mso-border-right-alt: solid windowtext .5pt; padding: 0cm 3.5pt 0cm 3.5pt; width: 2.0cm;" valign="bottom" width="76"><div align="center" class="MsoNormal" style="text-align: center;">
<b><span style="color: black; font-family: Calibri, sans-serif; font-size: 8pt;">XXXX<o:p></o:p></span></b></div>
</td>
<td nowrap="" style="border-bottom: solid windowtext 1.0pt; border-left: none; border-right: solid windowtext 1.0pt; border-top: none; height: 15.0pt; mso-border-bottom-alt: solid windowtext .5pt; mso-border-right-alt: solid windowtext .5pt; padding: 0cm 3.5pt 0cm 3.5pt; width: 2.0cm;" valign="bottom" width="76"><div align="center" class="MsoNormal" style="text-align: center;">
<b><span style="color: black; font-family: Calibri, sans-serif; font-size: 8pt;">XXX<o:p></o:p></span></b></div>
</td>
<td nowrap="" style="border-bottom: solid windowtext 1.0pt; border-left: none; border-right: solid windowtext 1.0pt; border-top: none; height: 15.0pt; mso-border-bottom-alt: solid windowtext .5pt; mso-border-right-alt: solid windowtext .5pt; padding: 0cm 3.5pt 0cm 3.5pt; width: 42.55pt;" valign="bottom" width="57"><div align="center" class="MsoNormal" style="text-align: center;">
<b><span style="color: black; font-family: Calibri, sans-serif; font-size: 8pt;">XXXX<o:p></o:p></span></b></div>
</td>
</tr>
<tr style="height: 15.0pt; mso-yfti-irow: 2;">
<td nowrap="" style="border-top: none; border: solid windowtext 1.0pt; height: 15.0pt; mso-border-bottom-alt: solid windowtext .5pt; mso-border-left-alt: solid windowtext .5pt; mso-border-right-alt: solid windowtext .5pt; padding: 0cm 3.5pt 0cm 3.5pt; width: 106.6pt;" valign="bottom" width="142"><div class="MsoNormal">
<b><span lang="EN-US" style="color: black; font-family: Arial, sans-serif; font-size: 8pt;">First Trust NYSE
Arca Biotech Index<o:p></o:p></span></b></div>
</td>
<td nowrap="" style="border-bottom: solid windowtext 1.0pt; border-left: none; border-right: solid windowtext 1.0pt; border-top: none; height: 15.0pt; mso-border-bottom-alt: solid windowtext .5pt; mso-border-right-alt: solid windowtext .5pt; padding: 0cm 3.5pt 0cm 3.5pt; width: 42.5pt;" valign="bottom" width="57"><div align="center" class="MsoNormal" style="text-align: center;">
<b><span style="color: black; font-family: Calibri, sans-serif; font-size: 8pt;">FBT<o:p></o:p></span></b></div>
</td>
<td nowrap="" style="border-bottom: solid windowtext 1.0pt; border-left: none; border-right: solid windowtext 1.0pt; border-top: none; height: 15.0pt; mso-border-bottom-alt: solid windowtext .5pt; mso-border-right-alt: solid windowtext .5pt; padding: 0cm 3.5pt 0cm 3.5pt; width: 2.0cm;" valign="bottom" width="76"><div align="center" class="MsoNormal" style="text-align: center;">
<b><span style="color: black; font-family: Calibri, sans-serif; font-size: 8pt;">XXXX<o:p></o:p></span></b></div>
</td>
<td nowrap="" style="border-bottom: solid windowtext 1.0pt; border-left: none; border-right: solid windowtext 1.0pt; border-top: none; height: 15.0pt; mso-border-bottom-alt: solid windowtext .5pt; mso-border-right-alt: solid windowtext .5pt; padding: 0cm 3.5pt 0cm 3.5pt; width: 2.0cm;" valign="bottom" width="76"><div align="center" class="MsoNormal" style="text-align: center;">
<b><span style="color: black; font-family: Calibri, sans-serif; font-size: 8pt;">XXXX<o:p></o:p></span></b></div>
</td>
<td nowrap="" style="border-bottom: solid windowtext 1.0pt; border-left: none; border-right: solid windowtext 1.0pt; border-top: none; height: 15.0pt; mso-border-bottom-alt: solid windowtext .5pt; mso-border-right-alt: solid windowtext .5pt; padding: 0cm 3.5pt 0cm 3.5pt; width: 42.55pt;" valign="bottom" width="57"><div align="center" class="MsoNormal" style="text-align: center;">
<b><span style="color: black; font-family: Calibri, sans-serif; font-size: 8pt;">XXX<o:p></o:p></span></b></div>
</td>
</tr>
<tr style="height: 15.0pt; mso-yfti-irow: 3;">
<td nowrap="" style="border-top: none; border: solid windowtext 1.0pt; height: 15.0pt; mso-border-bottom-alt: solid windowtext .5pt; mso-border-left-alt: solid windowtext .5pt; mso-border-right-alt: solid windowtext .5pt; padding: 0cm 3.5pt 0cm 3.5pt; width: 106.6pt;" valign="bottom" width="142"><div class="MsoNormal">
<b><span style="color: black; font-family: Arial, sans-serif; font-size: 8pt;">ProShares Ultra Health Care<o:p></o:p></span></b></div>
</td>
<td nowrap="" style="border-bottom: solid windowtext 1.0pt; border-left: none; border-right: solid windowtext 1.0pt; border-top: none; height: 15.0pt; mso-border-bottom-alt: solid windowtext .5pt; mso-border-right-alt: solid windowtext .5pt; padding: 0cm 3.5pt 0cm 3.5pt; width: 42.5pt;" valign="bottom" width="57"><div align="center" class="MsoNormal" style="text-align: center;">
<b><span style="color: black; font-family: Calibri, sans-serif; font-size: 8pt;">RXL<o:p></o:p></span></b></div>
</td>
<td nowrap="" style="border-bottom: solid windowtext 1.0pt; border-left: none; border-right: solid windowtext 1.0pt; border-top: none; height: 15.0pt; mso-border-bottom-alt: solid windowtext .5pt; mso-border-right-alt: solid windowtext .5pt; padding: 0cm 3.5pt 0cm 3.5pt; width: 2.0cm;" valign="bottom" width="76"><div align="center" class="MsoNormal" style="text-align: center;">
<b><span style="color: black; font-family: Calibri, sans-serif; font-size: 8pt;">XXX<o:p></o:p></span></b></div>
</td>
<td nowrap="" style="border-bottom: solid windowtext 1.0pt; border-left: none; border-right: solid windowtext 1.0pt; border-top: none; height: 15.0pt; mso-border-bottom-alt: solid windowtext .5pt; mso-border-right-alt: solid windowtext .5pt; padding: 0cm 3.5pt 0cm 3.5pt; width: 2.0cm;" valign="bottom" width="76"><div align="center" class="MsoNormal" style="text-align: center;">
<b><span style="color: black; font-family: Calibri, sans-serif; font-size: 8pt;">XX<o:p></o:p></span></b></div>
</td>
<td nowrap="" style="border-bottom: solid windowtext 1.0pt; border-left: none; border-right: solid windowtext 1.0pt; border-top: none; height: 15.0pt; mso-border-bottom-alt: solid windowtext .5pt; mso-border-right-alt: solid windowtext .5pt; padding: 0cm 3.5pt 0cm 3.5pt; width: 42.55pt;" valign="bottom" width="57"><div align="center" class="MsoNormal" style="text-align: center;">
<b><span style="color: black; font-family: Calibri, sans-serif; font-size: 8pt;">XXX<o:p></o:p></span></b></div>
</td>
</tr>
<tr style="height: 15.0pt; mso-yfti-irow: 4;">
<td nowrap="" style="border-top: none; border: solid windowtext 1.0pt; height: 15.0pt; mso-border-bottom-alt: solid windowtext .5pt; mso-border-left-alt: solid windowtext .5pt; mso-border-right-alt: solid windowtext .5pt; padding: 0cm 3.5pt 0cm 3.5pt; width: 106.6pt;" valign="bottom" width="142"><div class="MsoNormal">
<b><span lang="EN-US" style="color: black; font-family: Arial, sans-serif; font-size: 8pt;">PowerShares
Exchange-Traded Fund A<o:p></o:p></span></b></div>
</td>
<td nowrap="" style="border-bottom: solid windowtext 1.0pt; border-left: none; border-right: solid windowtext 1.0pt; border-top: none; height: 15.0pt; mso-border-bottom-alt: solid windowtext .5pt; mso-border-right-alt: solid windowtext .5pt; padding: 0cm 3.5pt 0cm 3.5pt; width: 42.5pt;" valign="bottom" width="57"><div align="center" class="MsoNormal" style="text-align: center;">
<b><span style="color: black; font-family: Calibri, sans-serif; font-size: 8pt;">PBE<o:p></o:p></span></b></div>
</td>
<td nowrap="" style="border-bottom: solid windowtext 1.0pt; border-left: none; border-right: solid windowtext 1.0pt; border-top: none; height: 15.0pt; mso-border-bottom-alt: solid windowtext .5pt; mso-border-right-alt: solid windowtext .5pt; padding: 0cm 3.5pt 0cm 3.5pt; width: 2.0cm;" valign="bottom" width="76"><div align="center" class="MsoNormal" style="text-align: center;">
<b><span style="color: black; font-family: Calibri, sans-serif; font-size: 8pt;">XXX<o:p></o:p></span></b></div>
</td>
<td nowrap="" style="border-bottom: solid windowtext 1.0pt; border-left: none; border-right: solid windowtext 1.0pt; border-top: none; height: 15.0pt; mso-border-bottom-alt: solid windowtext .5pt; mso-border-right-alt: solid windowtext .5pt; padding: 0cm 3.5pt 0cm 3.5pt; width: 2.0cm;" valign="bottom" width="76"><div align="center" class="MsoNormal" style="text-align: center;">
<b><span style="color: black; font-family: Calibri, sans-serif; font-size: 8pt;">XXXX<o:p></o:p></span></b></div>
</td>
<td nowrap="" style="border-bottom: solid windowtext 1.0pt; border-left: none; border-right: solid windowtext 1.0pt; border-top: none; height: 15.0pt; mso-border-bottom-alt: solid windowtext .5pt; mso-border-right-alt: solid windowtext .5pt; padding: 0cm 3.5pt 0cm 3.5pt; width: 42.55pt;" valign="bottom" width="57"><div align="center" class="MsoNormal" style="text-align: center;">
<b><span style="color: black; font-family: Calibri, sans-serif; font-size: 8pt;">XXX<o:p></o:p></span></b></div>
</td>
</tr>
<tr style="height: 15.0pt; mso-yfti-irow: 5;">
<td nowrap="" style="border-top: none; border: solid windowtext 1.0pt; height: 15.0pt; mso-border-bottom-alt: solid windowtext .5pt; mso-border-left-alt: solid windowtext .5pt; mso-border-right-alt: solid windowtext .5pt; padding: 0cm 3.5pt 0cm 3.5pt; width: 106.6pt;" valign="bottom" width="142"><div class="MsoNormal">
<b><span lang="EN-US" style="color: black; font-family: Arial, sans-serif; font-size: 8pt;">PowerShares
Exchange-Traded Fund B<o:p></o:p></span></b></div>
</td>
<td nowrap="" style="border-bottom: solid windowtext 1.0pt; border-left: none; border-right: solid windowtext 1.0pt; border-top: none; height: 15.0pt; mso-border-bottom-alt: solid windowtext .5pt; mso-border-right-alt: solid windowtext .5pt; padding: 0cm 3.5pt 0cm 3.5pt; width: 42.5pt;" valign="bottom" width="57"><div align="center" class="MsoNormal" style="text-align: center;">
<b><span style="color: black; font-family: Calibri, sans-serif; font-size: 8pt;">PTH<o:p></o:p></span></b></div>
</td>
<td nowrap="" style="border-bottom: solid windowtext 1.0pt; border-left: none; border-right: solid windowtext 1.0pt; border-top: none; height: 15.0pt; mso-border-bottom-alt: solid windowtext .5pt; mso-border-right-alt: solid windowtext .5pt; padding: 0cm 3.5pt 0cm 3.5pt; width: 2.0cm;" valign="bottom" width="76"><div align="center" class="MsoNormal" style="text-align: center;">
<b><span style="color: black; font-family: Calibri, sans-serif; font-size: 8pt;">XXX<o:p></o:p></span></b></div>
</td>
<td nowrap="" style="border-bottom: solid windowtext 1.0pt; border-left: none; border-right: solid windowtext 1.0pt; border-top: none; height: 15.0pt; mso-border-bottom-alt: solid windowtext .5pt; mso-border-right-alt: solid windowtext .5pt; padding: 0cm 3.5pt 0cm 3.5pt; width: 2.0cm;" valign="bottom" width="76"><div align="center" class="MsoNormal" style="text-align: center;">
<b><span style="color: black; font-family: Calibri, sans-serif; font-size: 8pt;">XXXX<o:p></o:p></span></b></div>
</td>
<td nowrap="" style="border-bottom: solid windowtext 1.0pt; border-left: none; border-right: solid windowtext 1.0pt; border-top: none; height: 15.0pt; mso-border-bottom-alt: solid windowtext .5pt; mso-border-right-alt: solid windowtext .5pt; padding: 0cm 3.5pt 0cm 3.5pt; width: 42.55pt;" valign="bottom" width="57"><div align="center" class="MsoNormal" style="text-align: center;">
<b><span style="color: black; font-family: Calibri, sans-serif; font-size: 8pt;">XXXX<o:p></o:p></span></b></div>
</td>
</tr>
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<b><span style="color: black; font-family: Arial, sans-serif; font-size: 8pt;">iShares Nasdaq Biotechnology<o:p></o:p></span></b></div>
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<b><span style="color: black; font-family: Calibri, sans-serif; font-size: 8pt;">IBB<o:p></o:p></span></b></div>
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<b><span style="color: black; font-family: Calibri, sans-serif; font-size: 8pt;">XX<o:p></o:p></span></b></div>
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<b><span style="color: black; font-family: Calibri, sans-serif; font-size: 8pt;">XXXX<o:p></o:p></span></b></div>
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<b><span style="color: black; font-family: Calibri, sans-serif; font-size: 8pt;">XX<o:p></o:p></span></b></div>
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<b><span lang="EN-US" style="color: black; font-family: Arial, sans-serif; font-size: 8pt;">SPDR Series Trust
SPDR S&P Bio<o:p></o:p></span></b></div>
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<b><span style="color: black; font-family: Calibri, sans-serif; font-size: 8pt;">XBI<o:p></o:p></span></b></div>
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<b><span style="color: black; font-family: Calibri, sans-serif; font-size: 8pt;">XX<o:p></o:p></span></b></div>
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<b><span style="color: black; font-family: Calibri, sans-serif; font-size: 8pt;">XXX<o:p></o:p></span></b></div>
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<b><span style="color: black; font-family: Calibri, sans-serif; font-size: 8pt;">XXXX<o:p></o:p></span></b></div>
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<b><span style="color: black; font-family: Arial, sans-serif; font-size: 8pt;">Healthcare Select Sector SPDR<o:p></o:p></span></b></div>
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<b><span style="color: black; font-family: Calibri, sans-serif; font-size: 8pt;">XLV<o:p></o:p></span></b></div>
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<b><span style="color: black; font-family: Calibri, sans-serif; font-size: 8pt;">XX<o:p></o:p></span></b></div>
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<b><span style="color: black; font-family: Calibri, sans-serif; font-size: 8pt;">XX<o:p></o:p></span></b></div>
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<b><span style="color: black; font-family: Calibri, sans-serif; font-size: 8pt;">XX<o:p></o:p></span></b></div>
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<b><span style="color: black; font-family: Arial, sans-serif; font-size: 8pt;">iShares Trust (Barclays)<o:p></o:p></span></b></div>
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<b><span style="color: black; font-family: Calibri, sans-serif; font-size: 8pt;">IYH<o:p></o:p></span></b></div>
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<b><span style="color: black; font-family: Calibri, sans-serif; font-size: 8pt;">XX<o:p></o:p></span></b></div>
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<b><span style="color: black; font-family: Calibri, sans-serif; font-size: 8pt;">XX<o:p></o:p></span></b></div>
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<b><span style="color: black; font-family: Calibri, sans-serif; font-size: 8pt;">XX<o:p></o:p></span></b></div>
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<b><span style="color: black; font-family: Arial, sans-serif; font-size: 8pt;">ISHARES GLOBAL HEALTH ishares<o:p></o:p></span></b></div>
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<b><span style="color: black; font-family: Calibri, sans-serif; font-size: 8pt;">IXJ<o:p></o:p></span></b></div>
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<b><span style="color: black; font-family: Calibri, sans-serif; font-size: 8pt;">XX<o:p></o:p></span></b></div>
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<b><span style="color: black; font-family: Calibri, sans-serif; font-size: 8pt;">XX<o:p></o:p></span></b></div>
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<b><span style="color: black; font-family: Calibri, sans-serif; font-size: 8pt;">XX<o:p></o:p></span></b></div>
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<b><span style="color: black; font-family: Arial, sans-serif; font-size: 8pt;">Biotech HOLDRs (Merrill Lynch)<o:p></o:p></span></b></div>
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<b><span style="color: black; font-family: Calibri, sans-serif; font-size: 8pt;">BBH<o:p></o:p></span></b></div>
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<b><span style="color: black; font-family: Calibri, sans-serif; font-size: 8pt;">X<o:p></o:p></span></b></div>
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<b><span style="color: black; font-family: Calibri, sans-serif; font-size: 8pt;">X<o:p></o:p></span></b></div>
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<b><span style="color: black; font-family: Calibri, sans-serif; font-size: 8pt;">XX<o:p></o:p></span></b></div>
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<table cellpadding="0" cellspacing="0" class="tr-caption-container" style="float: left; margin-right: 1em; text-align: left;"><tbody>
<tr><td style="text-align: center;"><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEg3gSLNLXtErzXP285RV96nZi7JoP1jAe-xQw7msPayfRlBLVSmD-GBReKyF__HYdivVhHC1orQs_Lr9R3dnwE743ktZqHeaslklP4wnfes_LKzkFktQEvA1lEt4D6F9QgvUQyM-8SnkSrj/s1600/btk.jpg" imageanchor="1" style="clear: left; margin-bottom: 1em; margin-left: auto; margin-right: auto;"><img border="0" height="115" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEg3gSLNLXtErzXP285RV96nZi7JoP1jAe-xQw7msPayfRlBLVSmD-GBReKyF__HYdivVhHC1orQs_Lr9R3dnwE743ktZqHeaslklP4wnfes_LKzkFktQEvA1lEt4D6F9QgvUQyM-8SnkSrj/s400/btk.jpg" width="400" /></a></td></tr>
<tr><td class="tr-caption" style="text-align: center;">Comparaison Trackers sur 4 ans vs BTK vs DJI (<b>Cliquez pour agrandir</b>)</td></tr>
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<a href="http://finance.yahoo.com/charts?s=FBT#chart18:symbol=fbt;range=5y;compare=xlv+rxl+iyh+pbe+ixj+pth+bbh+^btk+^dji;indicator=split;charttype=line;crosshair=on;ohlcvalues=1;logscale=off;source=undefined">S</a>ource: <a href="http://finance.yahoo.com/charts?s=FBT#chart18:symbol=fbt;range=5y;compare=xlv+rxl+iyh+pbe+ixj+pth+bbh+^btk+^dji;indicator=split;charttype=line;crosshair=on;ohlcvalues=1;logscale=off;source=undefined">Yahoo</a>Unknownnoreply@blogger.com1tag:blogger.com,1999:blog-4125880878913106640.post-50700832400398785712010-10-24T04:16:00.001+02:002010-10-24T04:16:55.159+02:00Comment détecter lorsqu'un patron ment ?<span class="Apple-style-span" style="color: #333333; font-family: Georgia, 'times new roman', serif; font-size: 13px; line-height: 18px;"></span><br />
<div style="border-bottom-width: 0px; border-color: initial; border-left-width: 0px; border-right-width: 0px; border-style: initial; border-top-width: 0px; font-family: inherit; font-size: 13px; font-style: inherit; font-weight: inherit; line-height: 20px; margin-bottom: 15px; margin-left: 0px; margin-right: 0px; margin-top: 0px; outline-color: initial; outline-style: initial; outline-width: 0px; padding-bottom: 0px; padding-left: 0px; padding-right: 0px; padding-top: 0px; text-align: justify; vertical-align: baseline;">
Deux chercheurs de la prestigieuse université de Stanford en Californie ont mis au point <strong style="border-bottom-width: 0px; border-color: initial; border-left-width: 0px; border-right-width: 0px; border-style: initial; border-top-width: 0px; font-family: inherit; font-size: 13px; font-style: inherit; font-weight: 700; margin-bottom: 0px; margin-left: 0px; margin-right: 0px; margin-top: 0px; outline-color: initial; outline-style: initial; outline-width: 0px; padding-bottom: 0px; padding-left: 0px; padding-right: 0px; padding-top: 0px; vertical-align: baseline;">un modèle qui permet de détecter quand un patron ment</strong>.<br />
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<strong style="border-bottom-width: 0px; border-color: initial; border-left-width: 0px; border-right-width: 0px; border-style: initial; border-top-width: 0px; font-family: inherit; font-size: 13px; font-style: inherit; font-weight: 700; margin-bottom: 0px; margin-left: 0px; margin-right: 0px; margin-top: 0px; outline-color: initial; outline-style: initial; outline-width: 0px; padding-bottom: 0px; padding-left: 0px; padding-right: 0px; padding-top: 0px; vertical-align: baseline;">Amis syndicalistes</strong>, je sais que vous n’avez pas besoin d’un tel instrument. Mais pour les investisseurs qui n’ont pas votre discernement (et vos convictions), il peut s’avérer très utile.<br />
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Voici <strong style="border-bottom-width: 0px; border-color: initial; border-left-width: 0px; border-right-width: 0px; border-style: initial; border-top-width: 0px; font-family: inherit; font-size: 13px; font-style: inherit; font-weight: 700; margin-bottom: 0px; margin-left: 0px; margin-right: 0px; margin-top: 0px; outline-color: initial; outline-style: initial; outline-width: 0px; padding-bottom: 0px; padding-left: 0px; padding-right: 0px; padding-top: 0px; vertical-align: baseline;">quelques trucs </strong>tirés de <a href="http://www.gsb.stanford.edu/news/pdf/larckerzakolyukia.pdf" style="border-bottom-width: 0px; border-color: initial; border-left-width: 0px; border-right-width: 0px; border-style: initial; border-top-width: 0px; color: #570e1a; font-family: inherit; font-size: 13px; font-style: inherit; font-weight: inherit; margin-bottom: 0px; margin-left: 0px; margin-right: 0px; margin-top: 0px; outline-color: initial; outline-style: initial; outline-width: 0px; padding-bottom: 0px; padding-left: 0px; padding-right: 0px; padding-top: 0px; text-decoration: underline; vertical-align: baseline;" target="_blank">cette étude de 68 pages </a>qui premettent déterminer si le CEO qui répond à vos questions lors d’une conférence téléphonique sur ses résultats est un menteur.<br />
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-->Il utilise <strong style="border-bottom-width: 0px; border-color: initial; border-left-width: 0px; border-right-width: 0px; border-style: initial; border-top-width: 0px; font-family: inherit; font-size: 13px; font-style: inherit; font-weight: 700; margin-bottom: 0px; margin-left: 0px; margin-right: 0px; margin-top: 0px; outline-color: initial; outline-style: initial; outline-width: 0px; padding-bottom: 0px; padding-left: 0px; padding-right: 0px; padding-top: 0px; vertical-align: baseline;">très peu de mots qui reflètent des émotions plutôt neutres </strong>comme aimer, bien, accepter, …<br />
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-->Au contraire, <strong style="border-bottom-width: 0px; border-color: initial; border-left-width: 0px; border-right-width: 0px; border-style: initial; border-top-width: 0px; font-family: inherit; font-size: 13px; font-style: inherit; font-weight: 700; margin-bottom: 0px; margin-left: 0px; margin-right: 0px; margin-top: 0px; outline-color: initial; outline-style: initial; outline-width: 0px; padding-bottom: 0px; padding-left: 0px; padding-right: 0px; padding-top: 0px; vertical-align: baseline;">il se gargarise de mots qui reflètent des émotions positives extrêmes </strong>comme fantastique, génial, définitivement,…<br />
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-->Il fait <strong style="border-bottom-width: 0px; border-color: initial; border-left-width: 0px; border-right-width: 0px; border-style: initial; border-top-width: 0px; font-family: inherit; font-size: 13px; font-style: inherit; font-weight: 700; margin-bottom: 0px; margin-left: 0px; margin-right: 0px; margin-top: 0px; outline-color: initial; outline-style: initial; outline-width: 0px; padding-bottom: 0px; padding-left: 0px; padding-right: 0px; padding-top: 0px; vertical-align: baseline;">moins référence aux actionnaires </strong>et à la création de valeur.<br />
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-->Il a beaucoup <strong style="border-bottom-width: 0px; border-color: initial; border-left-width: 0px; border-right-width: 0px; border-style: initial; border-top-width: 0px; font-family: inherit; font-size: 13px; font-style: inherit; font-weight: 700; margin-bottom: 0px; margin-left: 0px; margin-right: 0px; margin-top: 0px; outline-color: initial; outline-style: initial; outline-width: 0px; padding-bottom: 0px; padding-left: 0px; padding-right: 0px; padding-top: 0px; vertical-align: baseline;">recours à des expressions englobantes </strong>comme <em style="border-bottom-width: 0px; border-color: initial; border-left-width: 0px; border-right-width: 0px; border-style: initial; border-top-width: 0px; font-family: inherit; font-size: 13px; font-style: italic; font-weight: inherit; margin-bottom: 0px; margin-left: 0px; margin-right: 0px; margin-top: 0px; outline-color: initial; outline-style: initial; outline-width: 0px; padding-bottom: 0px; padding-left: 0px; padding-right: 0px; padding-top: 0px; vertical-align: baseline;">"tout le monde sait bien que"</em> ou les <em style="border-bottom-width: 0px; border-color: initial; border-left-width: 0px; border-right-width: 0px; border-style: initial; border-top-width: 0px; font-family: inherit; font-size: 13px; font-style: italic; font-weight: inherit; margin-bottom: 0px; margin-left: 0px; margin-right: 0px; margin-top: 0px; outline-color: initial; outline-style: initial; outline-width: 0px; padding-bottom: 0px; padding-left: 0px; padding-right: 0px; padding-top: 0px; vertical-align: baseline;">"actionnaires savent depuis longtemps que".</em><br />
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-->Il fait peu référence à lui-même mais <strong style="border-bottom-width: 0px; border-color: initial; border-left-width: 0px; border-right-width: 0px; border-style: initial; border-top-width: 0px; font-family: inherit; font-size: 13px; font-style: inherit; font-weight: 700; margin-bottom: 0px; margin-left: 0px; margin-right: 0px; margin-top: 0px; outline-color: initial; outline-style: initial; outline-width: 0px; padding-bottom: 0px; padding-left: 0px; padding-right: 0px; padding-top: 0px; vertical-align: baseline;">utilise régulièrement la troisième personne du pluriel </strong>et des pronoms impersonnels.<br />
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-->Il limite également les références aux émotions très négatives ( des mots comme abominable, calamiteux, nuisible,…) et <strong style="border-bottom-width: 0px; border-color: initial; border-left-width: 0px; border-right-width: 0px; border-style: initial; border-top-width: 0px; font-family: inherit; font-size: 13px; font-style: inherit; font-weight: 700; margin-bottom: 0px; margin-left: 0px; margin-right: 0px; margin-top: 0px; outline-color: initial; outline-style: initial; outline-width: 0px; padding-bottom: 0px; padding-left: 0px; padding-right: 0px; padding-top: 0px; vertical-align: baseline;">ne ponctue pas ses phrases de ah et de euhhh.</strong></div>
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Vous avez reconnu quelqu'un? N'hésitez pas à laisser des noms... et des preuves!<br />
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Pour arriver à ces conclusions David Larcker et Anastasia Zakolyukina ont analysé via différents modèles tous les comptes rendus disponibles des conference call des sociétés américaines entre 2003 et 2007, soit<strong style="border-bottom-width: 0px; border-color: initial; border-left-width: 0px; border-right-width: 0px; border-style: initial; border-top-width: 0px; font-family: inherit; font-size: 13px; font-style: inherit; font-weight: 700; margin-bottom: 0px; margin-left: 0px; margin-right: 0px; margin-top: 0px; outline-color: initial; outline-style: initial; outline-width: 0px; padding-bottom: 0px; padding-left: 0px; padding-right: 0px; padding-top: 0px; vertical-align: baseline;"> 29.663 documents. </strong><br />
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Leur attention a été focalisée <strong style="border-bottom-width: 0px; border-color: initial; border-left-width: 0px; border-right-width: 0px; border-style: initial; border-top-width: 0px; font-family: inherit; font-size: 13px; font-style: inherit; font-weight: 700; margin-bottom: 0px; margin-left: 0px; margin-right: 0px; margin-top: 0px; outline-color: initial; outline-style: initial; outline-width: 0px; padding-bottom: 0px; padding-left: 0px; padding-right: 0px; padding-top: 0px; vertical-align: baseline;">sur la séance de questions et réponses </strong>plus spontanée que la présentation des résultats, proprement dite.</div>
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Ils ont passé au crible les comptes trimestriels susceptibles d’être trafiqués en retenant deux types d’élément : des critères <strong style="border-bottom-width: 0px; border-color: initial; border-left-width: 0px; border-right-width: 0px; border-style: initial; border-top-width: 0px; font-family: inherit; font-size: 13px; font-style: inherit; font-weight: 700; margin-bottom: 0px; margin-left: 0px; margin-right: 0px; margin-top: 0px; outline-color: initial; outline-style: initial; outline-width: 0px; padding-bottom: 0px; padding-left: 0px; padding-right: 0px; padding-top: 0px; vertical-align: baseline;">généraux </strong>(changement de reviseur, dépôt tardif de documents légaux, …) et des critères <strong style="border-bottom-width: 0px; border-color: initial; border-left-width: 0px; border-right-width: 0px; border-style: initial; border-top-width: 0px; font-family: inherit; font-size: 13px; font-style: inherit; font-weight: 700; margin-bottom: 0px; margin-left: 0px; margin-right: 0px; margin-top: 0px; outline-color: initial; outline-style: initial; outline-width: 0px; padding-bottom: 0px; padding-left: 0px; padding-right: 0px; padding-top: 0px; vertical-align: baseline;">quantitatifs </strong>(différence entre chiffres présentés et ceux retraités dans les mois qui suivent).<br />
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<strong style="border-bottom-width: 0px; border-color: initial; border-left-width: 0px; border-right-width: 0px; border-style: initial; border-top-width: 0px; font-family: inherit; font-size: 13px; font-style: inherit; font-weight: 700; margin-bottom: 0px; margin-left: 0px; margin-right: 0px; margin-top: 0px; outline-color: initial; outline-style: initial; outline-width: 0px; padding-bottom: 0px; padding-left: 0px; padding-right: 0px; padding-top: 0px; vertical-align: baseline;">Dans le tableau suivant,</strong> la<strong style="border-bottom-width: 0px; border-color: initial; border-left-width: 0px; border-right-width: 0px; border-style: initial; border-top-width: 0px; font-family: inherit; font-size: 13px; font-style: inherit; font-weight: 700; margin-bottom: 0px; margin-left: 0px; margin-right: 0px; margin-top: 0px; outline-color: initial; outline-style: initial; outline-width: 0px; padding-bottom: 0px; padding-left: 0px; padding-right: 0px; padding-top: 0px; vertical-align: baseline;"> première colonne </strong>après les années représente le nombre de documents examinés, la <strong style="border-bottom-width: 0px; border-color: initial; border-left-width: 0px; border-right-width: 0px; border-style: initial; border-top-width: 0px; font-family: inherit; font-size: 13px; font-style: inherit; font-weight: 700; margin-bottom: 0px; margin-left: 0px; margin-right: 0px; margin-top: 0px; outline-color: initial; outline-style: initial; outline-width: 0px; padding-bottom: 0px; padding-left: 0px; padding-right: 0px; padding-top: 0px; vertical-align: baseline;">2e </strong>le nombre de documents trafiqués en fonction des critères généraux, la <strong style="border-bottom-width: 0px; border-color: initial; border-left-width: 0px; border-right-width: 0px; border-style: initial; border-top-width: 0px; font-family: inherit; font-size: 13px; font-style: inherit; font-weight: 700; margin-bottom: 0px; margin-left: 0px; margin-right: 0px; margin-top: 0px; outline-color: initial; outline-style: initial; outline-width: 0px; padding-bottom: 0px; padding-left: 0px; padding-right: 0px; padding-top: 0px; vertical-align: baseline;">3e </strong>le pourcentage par rapport à l’ensemble. Les <strong style="border-bottom-width: 0px; border-color: initial; border-left-width: 0px; border-right-width: 0px; border-style: initial; border-top-width: 0px; font-family: inherit; font-size: 13px; font-style: inherit; font-weight: 700; margin-bottom: 0px; margin-left: 0px; margin-right: 0px; margin-top: 0px; outline-color: initial; outline-style: initial; outline-width: 0px; padding-bottom: 0px; padding-left: 0px; padding-right: 0px; padding-top: 0px; vertical-align: baseline;">colonnes suivantes</strong>reprennent les critères quantitatifs.<br />
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<a href="http://blogs.lecho.be/.a/6a00d83451decd69e20134885d7809970c-pi" style="border-bottom-width: 0px; border-color: initial; border-left-width: 0px; border-right-width: 0px; border-style: initial; border-top-width: 0px; color: #570e1a; display: inline; font-family: inherit; font-size: 13px; font-style: inherit; font-weight: inherit; margin-bottom: 0px; margin-left: 0px; margin-right: 0px; margin-top: 0px; outline-color: initial; outline-style: initial; outline-width: 0px; padding-bottom: 0px; padding-left: 0px; padding-right: 0px; padding-top: 0px; text-decoration: underline; vertical-align: baseline;"><img alt="Stanford" border="0" class="asset asset-image at-xid-6a00d83451decd69e20134885d7809970c" src="http://blogs.lecho.be/.a/6a00d83451decd69e20134885d7809970c-800wi" style="border-bottom-width: 0px; border-color: initial; border-left-width: 0px; border-right-width: 0px; border-style: initial; border-top-width: 0px; font-family: inherit; font-size: 13px; font-style: inherit; font-weight: inherit; margin-bottom: 15px !important; margin-left: 25px !important; margin-right: 0px !important; margin-top: 0px !important; outline-color: initial; outline-style: initial; outline-width: 0px; padding-bottom: 0px; padding-left: 0px; padding-right: 0px; padding-top: 0px; vertical-align: baseline;" title="Stanford" /></a><br />
<em style="border-bottom-width: 0px; border-color: initial; border-left-width: 0px; border-right-width: 0px; border-style: initial; border-top-width: 0px; font-family: inherit; font-size: 13px; font-style: italic; font-weight: inherit; margin-bottom: 0px; margin-left: 0px; margin-right: 0px; margin-top: 0px; outline-color: initial; outline-style: initial; outline-width: 0px; padding-bottom: 0px; padding-left: 0px; padding-right: 0px; padding-top: 0px; vertical-align: baseline;">(Source: Detecting Deceptive Discussions in Coference Calls. David Larcker et Anastasia Zakolyukina)</em><br />
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En prenant les critères les plus larges, on constate donc que <strong style="border-bottom-width: 0px; border-color: initial; border-left-width: 0px; border-right-width: 0px; border-style: initial; border-top-width: 0px; font-family: inherit; font-size: 13px; font-style: inherit; font-weight: 700; margin-bottom: 0px; margin-left: 0px; margin-right: 0px; margin-top: 0px; outline-color: initial; outline-style: initial; outline-width: 0px; padding-bottom: 0px; padding-left: 0px; padding-right: 0px; padding-top: 0px; vertical-align: baseline;">13,6% des comptes trimestriels ne sont pas nets.</strong> Et chez certains, c’est devenu récurrent puisque <strong style="border-bottom-width: 0px; border-color: initial; border-left-width: 0px; border-right-width: 0px; border-style: initial; border-top-width: 0px; font-family: inherit; font-size: 13px; font-style: inherit; font-weight: 700; margin-bottom: 0px; margin-left: 0px; margin-right: 0px; margin-top: 0px; outline-color: initial; outline-style: initial; outline-width: 0px; padding-bottom: 0px; padding-left: 0px; padding-right: 0px; padding-top: 0px; vertical-align: baseline;">70% des entreprises ayant au moins un rapport trimestriel trompeur ne se limitent pas à ce coup d’essai !</strong></div>
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Dans leurs conclusions, les deux universitaires tempèrent un peu leur propos (<strong style="border-bottom-width: 0px; border-color: initial; border-left-width: 0px; border-right-width: 0px; border-style: initial; border-top-width: 0px; font-family: inherit; font-size: 13px; font-style: inherit; font-weight: 700; margin-bottom: 0px; margin-left: 0px; margin-right: 0px; margin-top: 0px; outline-color: initial; outline-style: initial; outline-width: 0px; padding-bottom: 0px; padding-left: 0px; padding-right: 0px; padding-top: 0px; vertical-align: baseline;">ben oui, comme beaucoup de monde, ils ont aussi un patron</strong>). <em style="border-bottom-width: 0px; border-color: initial; border-left-width: 0px; border-right-width: 0px; border-style: initial; border-top-width: 0px; font-family: inherit; font-size: 13px; font-style: italic; font-weight: inherit; margin-bottom: 0px; margin-left: 0px; margin-right: 0px; margin-top: 0px; outline-color: initial; outline-style: initial; outline-width: 0px; padding-bottom: 0px; padding-left: 0px; padding-right: 0px; padding-top: 0px; vertical-align: baseline;">« Nous ne sommes pas complètement sûrs que le directeur général était au courant des manipulations des chiffres lorsqu’il répondait aux questions lors de la conférence téléphonique. » </em></div>
Paru dans <a href="http://blogs.lecho.be/lescracks/2010/10/d%C3%A9masquez-les-ceo-menteurs.html">LECHO</a>Unknownnoreply@blogger.com6tag:blogger.com,1999:blog-4125880878913106640.post-54810785659167582142010-10-03T19:04:00.005+02:002010-10-04T19:59:14.602+02:00GENFIT: un interêt spèculatif (Partenariat, OPA)<span class="Apple-style-span" style="border-collapse: separate; color: black; font-family: 'Times New Roman'; font-size: 16px; font-style: normal; font-variant: normal; font-weight: normal; letter-spacing: normal; line-height: normal; orphans: 2; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px;"><span class="Apple-style-span" style="color: #333333; font-family: Georgia, serif; font-size: 12px; line-height: 19px; text-align: left;"></span></span>
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<span class="Apple-style-span" style="color: #333333; font-family: Georgia, serif; font-size: 12px; line-height: 19px;"><i>Au moment ou la Biotech française GENFIT doit annoncer très prochainement la signature d’un Partenariat pour son GFT505, la presse économique et financière a récemment fait courir une rumeur de Rachat. Deux raisons qui confèrent un intérêt Spéculatif au titre.</i></span><br />
<span class="Apple-style-span" style="color: #333333; font-family: Georgia, serif; font-size: 12px; line-height: 19px;"><u><b><i>Article préparé par Sacha, David, Jean Eudes et Jean G</i></b></u></span></div>
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<span style="color: #333333; font-family: Georgia, serif; font-size: 9pt;"><b>Nom : GENFIT </b></span><span style="border-bottom-color: windowtext; border-bottom-style: none; border-bottom-width: 1pt; border-left-color: windowtext; border-left-style: none; border-left-width: 1pt; border-right-color: windowtext; border-right-style: none; border-right-width: 1pt; border-top-color: windowtext; border-top-style: none; border-top-width: 1pt; color: #333333; font-family: Georgia, serif; font-size: 9pt; padding-bottom: 0cm; padding-left: 0cm; padding-right: 0cm; padding-top: 0cm;"><b> </b></span><br />
<span style="border-bottom-color: windowtext; border-bottom-style: none; border-bottom-width: 1pt; border-left-color: windowtext; border-left-style: none; border-left-width: 1pt; border-right-color: windowtext; border-right-style: none; border-right-width: 1pt; border-top-color: windowtext; border-top-style: none; border-top-width: 1pt; color: #333333; font-family: Georgia, serif; font-size: 9pt; padding-bottom: 0cm; padding-left: 0cm; padding-right: 0cm; padding-top: 0cm;"><b></b> </span><span style="color: #333333; font-family: Georgia, serif; font-size: 9pt;"><b>Code : ALGFT (ISIN : FR0004163111</b></span><span style="color: #333333; font-family: Georgia, serif; font-size: 9pt;"><b>)</b><span style="border-bottom-color: windowtext; border-bottom-style: none; border-bottom-width: 1pt; border-left-color: windowtext; border-left-style: none; border-left-width: 1pt; border-right-color: windowtext; border-right-style: none; border-right-width: 1pt; border-top-color: windowtext; border-top-style: none; border-top-width: 1pt; padding-bottom: 0cm; padding-left: 0cm; padding-right: 0cm; padding-top: 0cm;"><b> </b></span></span><br />
<span style="color: #333333; font-family: Georgia, serif; font-size: 9pt;"><span style="border-bottom-color: windowtext; border-bottom-style: none; border-bottom-width: 1pt; border-left-color: windowtext; border-left-style: none; border-left-width: 1pt; border-right-color: windowtext; border-right-style: none; border-right-width: 1pt; border-top-color: windowtext; border-top-style: none; border-top-width: 1pt; padding-bottom: 0cm; padding-left: 0cm; padding-right: 0cm; padding-top: 0cm;"><b></b> </span><b>Capitalisation boursière : 71,8M € </b><span style="border-bottom-color: windowtext; border-bottom-style: none; border-bottom-width: 1pt; border-left-color: windowtext; border-left-style: none; border-left-width: 1pt; border-right-color: windowtext; border-right-style: none; border-right-width: 1pt; border-top-color: windowtext; border-top-style: none; border-top-width: 1pt; padding-bottom: 0cm; padding-left: 0cm; padding-right: 0cm; padding-top: 0cm;"><b> </b></span></span><br />
<span style="color: #333333; font-family: Georgia, serif; font-size: 9pt;"><span style="border-bottom-color: windowtext; border-bottom-style: none; border-bottom-width: 1pt; border-left-color: windowtext; border-left-style: none; border-left-width: 1pt; border-right-color: windowtext; border-right-style: none; border-right-width: 1pt; border-top-color: windowtext; border-top-style: none; border-top-width: 1pt; padding-bottom: 0cm; padding-left: 0cm; padding-right: 0cm; padding-top: 0cm;"><b></b> </span><b>Dernier cours : 6,16 €</b><span style="border-bottom-color: windowtext; border-bottom-style: none; border-bottom-width: 1pt; border-left-color: windowtext; border-left-style: none; border-left-width: 1pt; border-right-color: windowtext; border-right-style: none; border-right-width: 1pt; border-top-color: windowtext; border-top-style: none; border-top-width: 1pt; padding-bottom: 0cm; padding-left: 0cm; padding-right: 0cm; padding-top: 0cm;"> </span></span><span class="Apple-style-span" style="color: #333333; font-size: 12px;"><u><b>PRÉSENTATION</b></u></span><br />
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</span><span style="color: #333333; font-family: Georgia, serif; font-size: 9pt;">Genfit est spécialisée dans le diagnostic précoce et le traitement préventif des maladies cardiométaboliques et neurodégénératives. La société se présente comme un « leader européen dans son domaine ». Créée en 1999, Genfit emploie 110 personnes et dispose d’une filiale aux US.<o:p></o:p></span><br />
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</span><u><span style="color: #333333; font-family: Georgia, serif; font-size: 9pt;"><b>PIPELINE</b></span></u><span style="color: #333333; font-family: Georgia, serif; font-size: 9pt;">
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<span style="color: #333333; font-family: Georgia, serif; font-size: 9pt;">Le pipeline, qui n’est qu’à un stade ‘Early Stage’, dispose d’un attrait qui limite les risques pour les actionnaires: des Partenariats avec des majors portant sur trois programmes ont été signés (Sanofi, Solvay et Servier).<o:p></o:p></span><br />
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<span style="color: #333333; font-family: Georgia, serif; font-size: 9pt;">Le GFT505, qui est en phase II, cible plusieurs facteurs de risque vasculaires comme l’hyperglycémie et la résistance à l’insuline, la dyslipidémie, l’inflammation, et les stéatoses hépatiques.<o:p></o:p></span></div>
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<span style="color: #333333; font-family: Georgia, serif; font-size: 9pt;">Voici le détail du Pipeline (Source: </span><span style="font-family: Georgia, serif; font-size: 9pt;"><a href="http://www.genfit.com/fileadmin/images/documents/Site-web-20100312-GENFIT-PI.gif"><span style="color: #5588aa; text-decoration: none;">Genfit</span></a></span><span style="color: #333333; font-family: Georgia, serif; font-size: 9pt;">): <o:p></o:p></span><br />
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<a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEgoc3I0A92C1g-gjDtXhV_PlxyiKn4LfyJAOnoLSGC3kv-QPkhlcrdf7ucUQB0MKEBwbV4EgDnhZxfWWfrHUTukHAiOT_0m06yYUKZ1VLkpt42XqGe469nchjIWAJCU1FmLN1ftZKGHocg/s1600/GFT+Pipeline.jpg" imageanchor="1" style="border-bottom-width: 0px; border-left-width: 0px; border-right-width: 0px; border-top-width: 0px; color: #5588aa; margin-left: 1em; margin-right: 1em; margin-top: 0px; padding-bottom: 0px; padding-left: 0px; padding-right: 0px; padding-top: 0px; text-decoration: none;"><img border="0" height="288" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEgoc3I0A92C1g-gjDtXhV_PlxyiKn4LfyJAOnoLSGC3kv-QPkhlcrdf7ucUQB0MKEBwbV4EgDnhZxfWWfrHUTukHAiOT_0m06yYUKZ1VLkpt42XqGe469nchjIWAJCU1FmLN1ftZKGHocg/s400/GFT+Pipeline.jpg" style="border-bottom-color: rgb(207, 207, 207); border-bottom-style: solid; border-bottom-width: 1px; border-left-color: rgb(207, 207, 207); border-left-style: solid; border-left-width: 1px; border-right-color: rgb(207, 207, 207); border-right-style: solid; border-right-width: 1px; border-top-color: rgb(207, 207, 207); border-top-style: solid; border-top-width: 1px; margin-bottom: 0px; margin-left: 0px; margin-right: 0px; margin-top: 0px; padding-bottom: 4px; padding-left: 4px; padding-right: 4px; padding-top: 4px;" width="400" /></a></div>
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</span><u><span style="color: #333333; font-family: Georgia, serif; font-size: 9pt;"><b>OPPORTUNITÉ D'INVESTISSEMENT</b></span></u><span style="color: #333333; font-family: Georgia, serif; font-size: 9pt;"><o:p></o:p></span><br />
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</span><span style="color: #333333; font-family: Georgia, serif; font-size: 9pt;">Le Journal Investir faisait état, le 20 Septembre, d’ <u>une prochaine signature de Partenariat pour son programme le plus avancé, le GFT505</u> (</span><span style="font-family: Georgia, serif; font-size: 9pt;"><a href="http://www.investir.fr/infos-conseils-boursiers/infos-conseils-valeurs/infos/rumeurs-d-interet-pour-la-societe-283454.php"><span style="color: #5588aa; text-decoration: none;">Voir la News ICI</span></a></span><span style="color: #333333; font-family: Georgia, serif; font-size: 9pt;">). Ce même jour, le titre prenait +13,5% en séance avant de clôturer sur les 6,25 € (+5,9%). S’il avait été côté aux US, le titre aurait facilement pris +30%, en attendant plus de précisions de la part du Partenaire ou un démenti de la Direction. Pour l’heure, nous pouvons anticiper la signature de Partenariat au moment ou <a href="http://www.genfit.com/en/media/events/index.html?tx_ttnews%5btt_news%5d=1468&tx_ttnews%5bbackPid%5d=225&cHash=6f5d90c387">Genfit s’apprête à participer à un Evènement important européen</a>: la Conférence annuelle Biopartnering Europe, dont <a href="http://www.techvision.com/bpe/overview/">le principal but est de faire se rencontrer des partenaires potentiels autour d’une table</a>. Cette Conférence se tiendra du 10 au 12 Octobre à Londres. <o:p></o:p></span><br />
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<span style="color: #333333; font-family: Georgia, serif; font-size: 9pt;">Avec les résultats des essais de phase II déjà obtenus pour son GFT508, Genfit est toujours en cours de discussion pour en céder les droits d’exploitation ou signer un accord de co-développement pour les études de phase II restant à mener avec un industriel pharmaceutique. Cette cession ou cet accord devrait apporter un premier versement d’acompte <b><i><u>« très significatif à sa conclusion »</u></i></b> selon Genfit, puis des versements d’étapes plus importants encore et beaucoup plus significatifs que ceux reçu dans le cadre des programmes partenaires, à mesure du passage avec succès des différentes étapes de développement clinique du produit jusqu’à sa mise sur le marché. Une fois sur le marché, Genfit indique qu’il devrait percevoir des royalties sur les ventes du médicament <i><b><u>« de 15 à 20% en général »</u></b></i> - ce qui me paraît injustifié pour de l’Early stage. Mais la spéculation ne tourne pas uniquement autour du futur partenariat…<span style="border-bottom-color: windowtext; border-bottom-style: none; border-bottom-width: 1pt; border-left-color: windowtext; border-left-style: none; border-left-width: 1pt; border-right-color: windowtext; border-right-style: none; border-right-width: 1pt; border-top-color: windowtext; border-top-style: none; border-top-width: 1pt; padding-bottom: 0cm; padding-left: 0cm; padding-right: 0cm; padding-top: 0cm;">
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<span style="color: #333333; font-family: Georgia, serif; font-size: 9pt;">En effet, le Journal Investir reprenait aussi, dans son article du 20 Septembre, une rumeur provenant du Financial Times qui avançait dans ses colonnes que <u><b>la biopharma japonaise TAKEDA « <i>lorgnerait Genfit</i> »</b></u>. Dans la News d’Investir, Genfit avait précisé pour sa part (et cela dure depuis un an) que les négociations autour de leur candidat le plus avancé « progressaient de manière satisfaisante » tout en précisant qu’avec un tel accord « la configuration de la trésorerie sera très différente ». La dernière OPA dans le sectuer Biotech européen remonte au 17 Septembre. Ce jour-là, J&J avait racheté Crucell à un cours supérieur de 58% au dernier cours côté.<o:p></o:p></span><br />
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</span><u><span style="color: #333333; font-family: Georgia, serif; font-size: 9pt;"><b>FINANCES</b></span></u><span style="color: #333333; font-family: Georgia, serif; font-size: 9pt;"><o:p></o:p></span></div>
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<span style="color: #333333; font-family: Georgia, serif; font-size: 9pt;">Au premier Semestre 2010, Genfit a annoncé des pertes de 5,28 M €. La société table sur un Résultat positif cette année (en fait, elle compte sur le versement initial suite à l’accord à venir sur son GFT505). La société dispose de 18 millions d'euros au 30 Juin 2010 - la Direction estime qu'elle a les ressources suffisantes pour tenir 18 mois. Le CA de Genfit au S1 a été de 2,06 M €.<o:p></o:p></span><br />
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<span style="color: #333333; font-family: Georgia, serif; font-size: 9pt;">Sur le plan graphique, on constate que <b>Genfit est resté coincée dans un trading Range serré de 10% (5,60€/6,20€) entre mi-Mai et mi-Septembre</b>. La News du Journal Investir a donné une impulsion au titre, mais de courte durée : on a constaté des volumes inhabituels lors des séances des 20 et 21 Septembre.</span><br />
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<span style="color: #333333; font-family: Georgia, serif; font-size: 9pt;">On remarque sur le Graph que le <b>plus haut de la séance du 20 Septembre avait alors coïncidé avec le retracement Fibo de 38,20%</b>, soit précisément les 6,69 €. La résistance se situe aux abords des 7 €. Le support est situé sur les 5,95€. Aussi, on remarque un Gap qui n’a pas été comblé sur ce niveau. Pour l'heure, on observe que le titre est sous contrôle et que les volumes de transaction ne sont pas dignes d’un titre sensé rencontrer une étape importante dans les jours ou les semaines qui vont suivre. <o:p></o:p></span><br />
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<u><span style="color: #333333; font-family: Georgia, serif; font-size: 9pt;"><b>CONCLUSION</b></span></u><span style="color: #333333; font-family: Georgia, serif; font-size: 9pt;"><o:p></o:p></span><br />
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<span class="Apple-style-span" style="color: #333333;">Jean G a précisé qu'il avait quelques interrogations sur la hausse du titre lors de la prochaine annonce du Partenariat. Il a relevé notamment le fait que<b> Transgene (TNG) avait accouché d'une souris lors de l'annonce du partenariat avec Novartis</b> sur son TG 4010 en Mars 2010. En effet, il existe bel et bien un parallèle entre TNG et ALGFT: les deux sociétés ont annoncé un an auparavant être en discussion avec des partenaires. Pendant toute une année, les Directions n'ont eu de cesse d'annoncer un partenariat proche. Mi-février, alors que le cours cote 20 euros, le consensus des analystes est établi à 27,10 euros (<a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEjDuxIA_7BUBgq5APamNrU0w1lZKyHC2NpXIeedmehSXXzoTBxqqjS58nzqmCCWjAdfAYEoNm0cW20XlGoa97ncDu6q4R_OtBVI2l_MSbbOEV9clnMWpnkdK6IM34psZP_3yQg5eDyayO0L/s1600/TNG_Consensus.jpg">voir ici ce print Screen</a>). Or, il s'avère que les investisseurs ont fait chuter le cours de TNG une fois le partenariat annoncé avec Novartis.</span><br />
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<span style="color: #333333; font-family: Georgia, serif; font-size: 9pt;">Cependant, David estime que nous n'avons pas affaire à la même situation, puisque <b>TNG a connu une ascension continue avant l'annonce du partenariat</b> (+30% en trois mois), avant de </span><span class="Apple-style-span" style="color: #333333;">s’écrouler le jour de l'annonce (-17% le 10 Mars)... ce qui n'a pas été le cas pour ALGFT. Aussi, les investisseurs ont vendu en masse TNG du fait que <b>le partenariat n'ait pas été signé dans les meilleures conditions</b>, à savoir que les termes de l'accord stipulent que Novartis peut se désister à tout moment une fois les résultats de Phase II terminés. </span><br />
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<span class="Apple-style-span" style="color: #333333;">Concernant l'upfront: <b>David anticipe un montant de 100 millions €</b>. Pour ce qui est des taux de Royalties: il est certain que <b>les 15/20% annoncés paraissent tout de même gonflés</b>. On parle tout de même de deal en early stage (comme évoqué plus haut).</span><br />
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<span class="Apple-style-span" style="color: #333333;">Cela ne fait aucun doute: il existe un <b>attrait spéculatif</b> indéniable sur ce dossier, aux vues des rumeurs d’OPA provenant de Takeda, mais aussi de la signature "très proche" du Partenariat GFT 505. On peut profiter d’un cours proche des 6 € pour se positionner, avec pour <b>Objectif 8 à 10€</b>.</span></div>
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<span class="Apple-style-span" style="border-collapse: separate; color: black; font-family: 'Times New Roman'; font-size: 16px; font-style: normal; font-variant: normal; font-weight: normal; letter-spacing: normal; line-height: normal; orphans: 2; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px;"><span class="Apple-style-span" style="color: #333333; font-family: Georgia, serif; font-size: 12px; line-height: 19px; text-align: left;"></span></span>Unknownnoreply@blogger.com13tag:blogger.com,1999:blog-4125880878913106640.post-41003577369030176062010-09-20T02:09:00.001+02:002010-09-20T02:09:26.471+02:00OREX<br />
Voici le comparatif des études d'efficacité entre ARNA, VVUS et OREX :<br />
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<a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEiT52qlz0c-HyFzlxldmhfHpGuPhiuFx2AD-Pq5a0NjfkF6et5X63zY7mzxwbnU_98PJK1cbsxQvn2HvmCDia9t6NW3bLniv44rA25Zsv6mUo0xlxrDkFwleA6ZEm-nQX4gBZ0u0ErAI_qj/s1600/Etudes_Obesite_OREXvs.jpg" imageanchor="1" style="clear: left; float: left; margin-bottom: 1em; margin-right: 1em;"><img border="0" height="320" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEiT52qlz0c-HyFzlxldmhfHpGuPhiuFx2AD-Pq5a0NjfkF6et5X63zY7mzxwbnU_98PJK1cbsxQvn2HvmCDia9t6NW3bLniv44rA25Zsv6mUo0xlxrDkFwleA6ZEm-nQX4gBZ0u0ErAI_qj/s640/Etudes_Obesite_OREXvs.jpg" width="640" /></a></div>
<br />
Voici les liens des études :<br />
<br />
<br />
<div style="border-bottom-width: 0px; border-color: initial; border-left-width: 0px; border-right-width: 0px; border-style: initial; border-top-width: 0px; color: #242626; font-family: 'Lucida Grande', 'Helvetica Neue', Arial, 'Lucida Sans Unicode', sans-serif; font-size: 13px; line-height: 20px; margin-bottom: 9px; margin-left: 0px; margin-right: 0px; margin-top: 0px; outline-color: initial; outline-style: initial; outline-width: 0px; padding-bottom: 0px; padding-left: 0px; padding-right: 0px; padding-top: 0px;">
<a href="http://www.prnewswire.com/news-releases/positive-data-from-arena-pharmaceuticals-pivotal-bloom-trial-demonstrate-that-lorcaserin-significantly-improved-markers-of-cardiovascular-risk-and-glycemic-parameters-and-was-not-associated-with-depression-or-suicidal-ideation-65950402.html" style="border-bottom-width: 0px; border-color: initial; border-left-width: 0px; border-right-width: 0px; border-style: initial; border-top-width: 0px; font-size: 13px; margin-bottom: 0px; margin-left: 0px; margin-right: 0px; margin-top: 0px; outline-color: initial; outline-style: initial; outline-width: 0px; padding-bottom: 0px; padding-left: 0px; padding-right: 0px; padding-top: 0px; text-decoration: none;"><span class="Apple-style-span" style="color: blue;">BLOOM Data</span></a></div>
<div style="border-bottom-width: 0px; border-color: initial; border-left-width: 0px; border-right-width: 0px; border-style: initial; border-top-width: 0px; color: #242626; font-family: 'Lucida Grande', 'Helvetica Neue', Arial, 'Lucida Sans Unicode', sans-serif; font-size: 13px; line-height: 20px; margin-bottom: 9px; margin-left: 0px; margin-right: 0px; margin-top: 0px; outline-color: initial; outline-style: initial; outline-width: 0px; padding-bottom: 0px; padding-left: 0px; padding-right: 0px; padding-top: 0px;">
<a href="http://invest.arenapharm.com/releasedetail.cfm?ReleaseID=419009" style="border-bottom-width: 0px; border-color: initial; border-left-width: 0px; border-right-width: 0px; border-style: initial; border-top-width: 0px; font-size: 13px; margin-bottom: 0px; margin-left: 0px; margin-right: 0px; margin-top: 0px; outline-color: initial; outline-style: initial; outline-width: 0px; padding-bottom: 0px; padding-left: 0px; padding-right: 0px; padding-top: 0px; text-decoration: none;"><span class="Apple-style-span" style="color: blue;">BLOSSOM Data</span></a></div>
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<a href="http://www.sec.gov/Archives/edgar/data/881524/000110465909062246/a09-30910_110q.htm" style="border-bottom-width: 0px; border-color: initial; border-left-width: 0px; border-right-width: 0px; border-style: initial; border-top-width: 0px; font-size: 13px; margin-bottom: 0px; margin-left: 0px; margin-right: 0px; margin-top: 0px; outline-color: initial; outline-style: initial; outline-width: 0px; padding-bottom: 0px; padding-left: 0px; padding-right: 0px; padding-top: 0px; text-decoration: none;"><span class="Apple-style-span" style="color: blue;">All Vivus Data</span></a></div>
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<a href="http://ir.orexigen.com/phoenix.zhtml?c=207034&p=irol-newsArticle&ID=1308920&highlight=" style="border-bottom-width: 0px; border-color: initial; border-left-width: 0px; border-right-width: 0px; border-style: initial; border-top-width: 0px; font-size: 13px; margin-bottom: 0px; margin-left: 0px; margin-right: 0px; margin-top: 0px; outline-color: initial; outline-style: initial; outline-width: 0px; padding-bottom: 0px; padding-left: 0px; padding-right: 0px; padding-top: 0px; text-decoration: none;"><span class="Apple-style-span" style="color: blue;">Orexigen Data I</span></a></div>
<div style="border-bottom-width: 0px; border-color: initial; border-left-width: 0px; border-right-width: 0px; border-style: initial; border-top-width: 0px; color: #242626; font-family: 'Lucida Grande', 'Helvetica Neue', Arial, 'Lucida Sans Unicode', sans-serif; font-size: 13px; line-height: 20px; margin-bottom: 9px; margin-left: 0px; margin-right: 0px; margin-top: 0px; outline-color: initial; outline-style: initial; outline-width: 0px; padding-bottom: 0px; padding-left: 0px; padding-right: 0px; padding-top: 0px;">
<a href="http://ir.orexigen.com/phoenix.zhtml?c=207034&p=irol-newsArticle&ID=1346886&highlight=" style="border-bottom-width: 0px; border-color: initial; border-left-width: 0px; border-right-width: 0px; border-style: initial; border-top-width: 0px; font-size: 13px; margin-bottom: 0px; margin-left: 0px; margin-right: 0px; margin-top: 0px; outline-color: initial; outline-style: initial; outline-width: 0px; padding-bottom: 0px; padding-left: 0px; padding-right: 0px; padding-top: 0px; text-decoration: none;"><span class="Apple-style-span" style="color: blue;">Orexigen Data II</span></a></div>Unknownnoreply@blogger.com2tag:blogger.com,1999:blog-4125880878913106640.post-23524195300640896892010-09-18T16:33:00.018+02:002010-09-18T20:29:22.798+02:00Suivi Conseils Biotechs<div class="separator" style="clear: both; text-align: center;">
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<i>Il est temps de faire un suivi sur les conseils d' Achat sur des Biotechs US parus sur les deux derniers mois. 5 conseils Biotechs ont été faits:</i><br />
<i>4 conseils sont gagnants (performance maxi de +73%), </i><br />
<i>1 conseil est perdant. </i><br />
<i><br /></i><br />
<i>La performance moyenne ressort à +35,42% entre le moment ou j'ai émis mon premier conseil d'achat le 10 Juillet et le 17 Septembre. </i><br />
<i><br /></i><br />
<i>La performance maxi entre le 10 Juillet et le plus haut est de +50,05% en moyenne. </i><br />
<br />
<i>Voici les détails par ligne :</i><br />
<b><br /></b><br />
<b>Nom de la société: RXI PHARMACEUTICALS</b><br />
<b>Code: RXII</b><span class="Apple-tab-span" style="white-space: pre;"><b> </b></span><br />
<b>Date du conseil: 10/07/10</b> (<a href="http://sachakin.blogspot.com/2010/07/rxi-pharmaceuticals-fort-rebond-sur-les.html">Lien ICI</a>)<span class="Apple-tab-span" style="white-space: pre;"> </span><span class="Apple-tab-span" style="white-space: pre;"> </span><br />
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<span style="color: black;">Cours conseillé<o:p></o:p></span></div>
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<span style="color: black;">Plus </span>haut</div>
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<span style="color: black;">Dernier cours<o:p></o:p></span></div>
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<b style="mso-bidi-font-weight: normal;"><span style="color: #00b050;">Performance
depuis le conseil<o:p></o:p></span></b></div>
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<span style="color: black;">2$<o:p></o:p></span></div>
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<span style="color: black;">3,01$<o:p></o:p></span></div>
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<span style="color: black;">2,67$<o:p></o:p></span></div>
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<b style="mso-bidi-font-weight: normal;"><span style="color: #00b050;">+33,50%<o:p></o:p></span></b></div>
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<span class="Apple-tab-span" style="white-space: pre;"> </span><span class="Apple-tab-span" style="white-space: pre;"> </span><br />
<span class="Apple-tab-span" style="white-space: pre;"> </span><b>Nom de la société: EXACT SCIENCES</b><br />
<b>Code: EXAS</b><span class="Apple-tab-span" style="white-space: pre;"><b> </b></span><br />
<b>Date du conseil: 26/07/10 </b>(<a href="http://sachakin.blogspot.com/2010/07/exact-sciences-opportunite-de-60-300.html">Lien ICI</a>)<span class="Apple-tab-span" style="white-space: pre;"> </span><span class="Apple-tab-span" style="white-space: pre;"> </span><br />
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<tbody>
<tr style="height: 15.0pt; mso-yfti-firstrow: yes; mso-yfti-irow: 0;">
<td nowrap="" style="border: solid windowtext 1.0pt; height: 15.0pt; mso-border-bottom-alt: .5pt; mso-border-color-alt: windowtext; mso-border-left-alt: 1.0pt; mso-border-right-alt: .5pt; mso-border-style-alt: solid; mso-border-top-alt: 1.0pt; padding: 0cm 3.5pt 0cm 3.5pt; width: 47.3pt;" valign="bottom" width="63"><div class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0cm;">
<span style="color: black;">Cours conseillé<o:p></o:p></span></div>
</td>
<td nowrap="" style="border-left: none; border: solid windowtext 1.0pt; height: 15.0pt; mso-border-bottom-alt: solid windowtext .5pt; mso-border-right-alt: solid windowtext .5pt; mso-border-top-alt: solid windowtext 1.0pt; padding: 0cm 3.5pt 0cm 3.5pt; width: 34.9pt;" valign="bottom" width="47"><div class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0cm;">
<span style="color: black;">Plus </span>haut</div>
</td>
<td nowrap="" style="border-left: none; border: solid windowtext 1.0pt; height: 15.0pt; mso-border-bottom-alt: solid windowtext .5pt; mso-border-right-alt: solid windowtext .5pt; mso-border-top-alt: solid windowtext 1.0pt; padding: 0cm 3.5pt 0cm 3.5pt; width: 41.35pt;" valign="bottom" width="55"><div class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0cm;">
<span style="color: black;">Dernier cours<o:p></o:p></span></div>
</td>
<td nowrap="" style="border-left: none; border: solid windowtext 1.0pt; height: 15.0pt; mso-border-bottom-alt: solid windowtext .5pt; mso-border-right-alt: solid windowtext 1.0pt; mso-border-top-alt: solid windowtext 1.0pt; padding: 0cm 3.5pt 0cm 3.5pt; width: 126.45pt;" valign="bottom" width="169"><div class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0cm;">
<b style="mso-bidi-font-weight: normal;"><span style="color: #00b050;">Performance
depuis le conseil<o:p></o:p></span></b></div>
</td>
</tr>
<tr style="height: 15.75pt; mso-yfti-irow: 1; mso-yfti-lastrow: yes;">
<td nowrap="" style="border-top: none; border: solid windowtext 1.0pt; height: 15.75pt; mso-border-bottom-alt: solid windowtext 1.0pt; mso-border-left-alt: solid windowtext 1.0pt; mso-border-right-alt: solid windowtext .5pt; padding: 0cm 3.5pt 0cm 3.5pt; width: 47.3pt;" valign="bottom" width="63"><div align="right" class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0cm; text-align: right;">
<span style="color: black;">3,6$<o:p></o:p></span></div>
</td>
<td nowrap="" style="border-bottom: solid windowtext 1.0pt; border-left: none; border-right: solid windowtext 1.0pt; border-top: none; height: 15.75pt; mso-border-bottom-alt: solid windowtext 1.0pt; mso-border-right-alt: solid windowtext .5pt; padding: 0cm 3.5pt 0cm 3.5pt; width: 34.9pt;" valign="bottom" width="47"><div align="right" class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0cm; text-align: right;">
<span style="color: black;">6,37$<o:p></o:p></span></div>
</td>
<td nowrap="" style="border-bottom: solid windowtext 1.0pt; border-left: none; border-right: solid windowtext 1.0pt; border-top: none; height: 15.75pt; mso-border-bottom-alt: solid windowtext 1.0pt; mso-border-right-alt: solid windowtext .5pt; padding: 0cm 3.5pt 0cm 3.5pt; width: 41.35pt;" valign="bottom" width="55"><div align="right" class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0cm; text-align: right;">
<span style="color: black;">6,23$<o:p></o:p></span></div>
</td>
<td nowrap="" style="border-bottom: solid windowtext 1.0pt; border-left: none; border-right: solid windowtext 1.0pt; border-top: none; height: 15.75pt; padding: 0cm 3.5pt 0cm 3.5pt; width: 126.45pt;" valign="bottom" width="169"><div align="right" class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0cm; text-align: right;">
<b style="mso-bidi-font-weight: normal;"><span style="color: #00b050;">+73,05%<o:p></o:p></span></b></div>
</td>
</tr>
</tbody></table>
<span class="Apple-tab-span" style="white-space: pre;"> </span><span class="Apple-tab-span" style="white-space: pre;"> </span><br />
<b>Nom de la société: ALEXZA PHARMACEUTICALS</b><br />
<b>Code: ALXA</b><span class="Apple-tab-span" style="white-space: pre;"><b> </b></span><br />
<b>Date du conseil: 10/08/10</b><span class="Apple-tab-span" style="white-space: pre;"> </span>(<a href="http://sachakin.blogspot.com/2010/08/alexza-une-opportunite-biotech.html">Lien ICI</a>)<span class="Apple-tab-span" style="white-space: pre;"> </span><span class="Apple-tab-span" style="white-space: pre;"> </span><br />
<span class="Apple-tab-span" style="white-space: pre;"> </span><br />
<table border="0" cellpadding="0" cellspacing="0" class="MsoNormalTable" style="border-collapse: collapse; margin-left: 3.05pt; width: 543px;">
<tbody>
<tr style="height: 15.0pt; mso-yfti-firstrow: yes; mso-yfti-irow: 0;">
<td nowrap="" style="border: solid windowtext 1.0pt; height: 15.0pt; mso-border-bottom-alt: .5pt; mso-border-color-alt: windowtext; mso-border-left-alt: 1.0pt; mso-border-right-alt: .5pt; mso-border-style-alt: solid; mso-border-top-alt: 1.0pt; padding: 0cm 3.5pt 0cm 3.5pt; width: 47.3pt;" valign="bottom" width="63"><div class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0cm;">
<span style="color: black;">Cours conseillé<o:p></o:p></span></div>
</td>
<td nowrap="" style="border-left: none; border: solid windowtext 1.0pt; height: 15.0pt; mso-border-bottom-alt: solid windowtext .5pt; mso-border-right-alt: solid windowtext .5pt; mso-border-top-alt: solid windowtext 1.0pt; padding: 0cm 3.5pt 0cm 3.5pt; width: 34.9pt;" valign="bottom" width="47"><div class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0cm;">
<span style="color: black;">Plus </span>haut</div>
</td>
<td nowrap="" style="border-left: none; border: solid windowtext 1.0pt; height: 15.0pt; mso-border-bottom-alt: solid windowtext .5pt; mso-border-right-alt: solid windowtext .5pt; mso-border-top-alt: solid windowtext 1.0pt; padding: 0cm 3.5pt 0cm 3.5pt; width: 41.35pt;" valign="bottom" width="55"><div class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0cm;">
<span style="color: black;">Dernier cours<o:p></o:p></span></div>
</td>
<td nowrap="" style="border-left: none; border: solid windowtext 1.0pt; height: 15.0pt; mso-border-bottom-alt: solid windowtext .5pt; mso-border-right-alt: solid windowtext 1.0pt; mso-border-top-alt: solid windowtext 1.0pt; padding: 0cm 3.5pt 0cm 3.5pt; width: 126.45pt;" valign="bottom" width="169"><div class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0cm;">
<b style="mso-bidi-font-weight: normal;"><span style="color: #00b050;">Performance
depuis le conseil<o:p></o:p></span></b></div>
</td>
</tr>
<tr style="height: 15.75pt; mso-yfti-irow: 1; mso-yfti-lastrow: yes;">
<td nowrap="" style="border-top: none; border: solid windowtext 1.0pt; height: 15.75pt; mso-border-bottom-alt: solid windowtext 1.0pt; mso-border-left-alt: solid windowtext 1.0pt; mso-border-right-alt: solid windowtext .5pt; padding: 0cm 3.5pt 0cm 3.5pt; width: 47.3pt;" valign="bottom" width="63"><div align="right" class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0cm; text-align: right;">
<span style="color: black;">2,6$<o:p></o:p></span></div>
</td>
<td nowrap="" style="border-bottom: solid windowtext 1.0pt; border-left: none; border-right: solid windowtext 1.0pt; border-top: none; height: 15.75pt; mso-border-bottom-alt: solid windowtext 1.0pt; mso-border-right-alt: solid windowtext .5pt; padding: 0cm 3.5pt 0cm 3.5pt; width: 34.9pt;" valign="bottom" width="47"><div align="right" class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0cm; text-align: right;">
<span style="color: black;">3,47$<o:p></o:p></span></div>
</td>
<td nowrap="" style="border-bottom: solid windowtext 1.0pt; border-left: none; border-right: solid windowtext 1.0pt; border-top: none; height: 15.75pt; mso-border-bottom-alt: solid windowtext 1.0pt; mso-border-right-alt: solid windowtext .5pt; padding: 0cm 3.5pt 0cm 3.5pt; width: 41.35pt;" valign="bottom" width="55"><div align="right" class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0cm; text-align: right;">
<span style="color: black;">3,45$<o:p></o:p></span></div>
</td>
<td nowrap="" style="border-bottom: solid windowtext 1.0pt; border-left: none; border-right: solid windowtext 1.0pt; border-top: none; height: 15.75pt; padding: 0cm 3.5pt 0cm 3.5pt; width: 126.45pt;" valign="bottom" width="169"><div align="right" class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0cm; text-align: right;">
<b style="mso-bidi-font-weight: normal;"><span style="color: #00b050;">+32,70%<o:p></o:p></span></b></div>
</td>
</tr>
</tbody></table>
<span class="Apple-tab-span" style="white-space: pre;"> </span><br />
<b>Nom de la société: ARROWHEAD RESH</b><br />
<b>Code: ARWR</b><span class="Apple-tab-span" style="white-space: pre;"><b> </b></span><br />
<b>Date du conseil: 17/08/10</b> (<a href="http://sachakin.blogspot.com/2010/08/arrowhead-une-opportunite-graphique.html">Lien ICI</a>)<span class="Apple-tab-span" style="white-space: pre;"> </span><br />
<span class="Apple-tab-span" style="white-space: pre;"> </span><br />
<table border="0" cellpadding="0" cellspacing="0" class="MsoNormalTable" style="border-collapse: collapse; margin-left: 3.05pt; width: 543px;">
<tbody>
<tr style="height: 15.0pt; mso-yfti-firstrow: yes; mso-yfti-irow: 0;">
<td nowrap="" style="border: solid windowtext 1.0pt; height: 15.0pt; mso-border-bottom-alt: .5pt; mso-border-color-alt: windowtext; mso-border-left-alt: 1.0pt; mso-border-right-alt: .5pt; mso-border-style-alt: solid; mso-border-top-alt: 1.0pt; padding: 0cm 3.5pt 0cm 3.5pt; width: 47.3pt;" valign="bottom" width="63"><div class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0cm;">
<span style="color: black;">Cours conseillé<o:p></o:p></span></div>
</td>
<td nowrap="" style="border-left: none; border: solid windowtext 1.0pt; height: 15.0pt; mso-border-bottom-alt: solid windowtext .5pt; mso-border-right-alt: solid windowtext .5pt; mso-border-top-alt: solid windowtext 1.0pt; padding: 0cm 3.5pt 0cm 3.5pt; width: 34.9pt;" valign="bottom" width="47"><div class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0cm;">
<span style="color: black;">Plus </span>haut</div>
</td>
<td nowrap="" style="border-left: none; border: solid windowtext 1.0pt; height: 15.0pt; mso-border-bottom-alt: solid windowtext .5pt; mso-border-right-alt: solid windowtext .5pt; mso-border-top-alt: solid windowtext 1.0pt; padding: 0cm 3.5pt 0cm 3.5pt; width: 41.35pt;" valign="bottom" width="55"><div class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0cm;">
<span style="color: black;">Dernier cours<o:p></o:p></span></div>
</td>
<td nowrap="" style="border-left: none; border: solid windowtext 1.0pt; height: 15.0pt; mso-border-bottom-alt: solid windowtext .5pt; mso-border-right-alt: solid windowtext 1.0pt; mso-border-top-alt: solid windowtext 1.0pt; padding: 0cm 3.5pt 0cm 3.5pt; width: 126.45pt;" valign="bottom" width="169"><div class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0cm;">
<b style="mso-bidi-font-weight: normal;"><span style="color: red;">Performance
depuis le conseil<o:p></o:p></span></b></div>
</td>
</tr>
<tr style="height: 15.75pt; mso-yfti-irow: 1; mso-yfti-lastrow: yes;">
<td nowrap="" style="border-top: none; border: solid windowtext 1.0pt; height: 15.75pt; mso-border-bottom-alt: solid windowtext 1.0pt; mso-border-left-alt: solid windowtext 1.0pt; mso-border-right-alt: solid windowtext .5pt; padding: 0cm 3.5pt 0cm 3.5pt; width: 47.3pt;" valign="bottom" width="63"><div align="right" class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0cm; text-align: right;">
<span style="color: black;">0,97$<o:p></o:p></span></div>
</td>
<td nowrap="" style="border-bottom: solid windowtext 1.0pt; border-left: none; border-right: solid windowtext 1.0pt; border-top: none; height: 15.75pt; mso-border-bottom-alt: solid windowtext 1.0pt; mso-border-right-alt: solid windowtext .5pt; padding: 0cm 3.5pt 0cm 3.5pt; width: 34.9pt;" valign="bottom" width="47"><div align="right" class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0cm; text-align: right;">
<span style="color: black;">1,05$<o:p></o:p></span></div>
</td>
<td nowrap="" style="border-bottom: solid windowtext 1.0pt; border-left: none; border-right: solid windowtext 1.0pt; border-top: none; height: 15.75pt; mso-border-bottom-alt: solid windowtext 1.0pt; mso-border-right-alt: solid windowtext .5pt; padding: 0cm 3.5pt 0cm 3.5pt; width: 41.35pt;" valign="bottom" width="55"><div align="right" class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0cm; text-align: right;">
<span style="color: black;">0,92$<o:p></o:p></span></div>
</td>
<td nowrap="" style="border-bottom: solid windowtext 1.0pt; border-left: none; border-right: solid windowtext 1.0pt; border-top: none; height: 15.75pt; padding: 0cm 3.5pt 0cm 3.5pt; width: 126.45pt;" valign="bottom" width="169"><div align="right" class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0cm; text-align: right;">
<b style="mso-bidi-font-weight: normal;"><span style="color: red;">-5,40%<o:p></o:p></span></b></div>
</td>
</tr>
</tbody></table>
<span class="Apple-tab-span" style="white-space: pre;"> </span><span class="Apple-tab-span" style="white-space: pre;"> </span><span class="Apple-tab-span" style="white-space: pre;"> </span><br />
<b>Nom de la société: RESVERLOGIX</b><br />
<b>Code: RVX</b><span class="Apple-tab-span" style="white-space: pre;"><b> </b></span><br />
<b><span class="Apple-tab-span" style="white-space: pre;"></span>Date du conseil: 07/09/10</b> (<a href="http://sachakin.blogspot.com/2010/08/sommaire-presentation-1.html">Lien ICI</a>)<span class="Apple-tab-span" style="white-space: pre;"> </span><span class="Apple-tab-span" style="white-space: pre;"> </span><br />
<span class="Apple-tab-span" style="white-space: pre;"></span><br />
<span class="Apple-tab-span" style="white-space: pre;"></span><br />
<span class="Apple-tab-span" style="white-space: pre;"><table border="0" cellpadding="0" cellspacing="0" class="MsoNormalTable" style="border-collapse: collapse; margin-left: 3.05pt; white-space: normal; width: 543px;"><tbody>
<tr style="height: 15pt;"><td nowrap="" style="border-bottom-color: windowtext; border-bottom-style: solid; border-bottom-width: 1pt; border-left-color: windowtext; border-left-style: solid; border-left-width: 1pt; border-right-color: windowtext; border-right-style: solid; border-right-width: 1pt; border-top-color: windowtext; border-top-style: solid; border-top-width: 1pt; height: 15pt; padding-bottom: 0cm; padding-left: 3.5pt; padding-right: 3.5pt; padding-top: 0cm; width: 47.3pt;" valign="bottom" width="63"><div class="MsoNormal" style="line-height: normal; margin-bottom: 0cm;">
<div style="margin-bottom: 0px; margin-left: 0px; margin-right: 0px; margin-top: 0px;">
<span style="color: black;">Cours conseillé<o:p></o:p></span></div>
</div>
</td><td nowrap="" style="border-bottom-color: windowtext; border-bottom-style: solid; border-bottom-width: 1pt; border-left-color: windowtext; border-left-style: solid; border-left-width: 1pt; border-right-color: windowtext; border-right-style: solid; border-right-width: 1pt; border-top-color: windowtext; border-top-style: solid; border-top-width: 1pt; height: 15pt; padding-bottom: 0cm; padding-left: 3.5pt; padding-right: 3.5pt; padding-top: 0cm; width: 34.9pt;" valign="bottom" width="47"><div class="MsoNormal" style="line-height: normal; margin-bottom: 0cm;">
<div style="margin-bottom: 0px; margin-left: 0px; margin-right: 0px; margin-top: 0px;">
<span style="color: black;">Plus </span>haut</div>
</div>
</td><td nowrap="" style="border-bottom-color: windowtext; border-bottom-style: solid; border-bottom-width: 1pt; border-left-color: windowtext; border-left-style: solid; border-left-width: 1pt; border-right-color: windowtext; border-right-style: solid; border-right-width: 1pt; border-top-color: windowtext; border-top-style: solid; border-top-width: 1pt; height: 15pt; padding-bottom: 0cm; padding-left: 3.5pt; padding-right: 3.5pt; padding-top: 0cm; width: 41.35pt;" valign="bottom" width="55"><div class="MsoNormal" style="line-height: normal; margin-bottom: 0cm;">
<div style="margin-bottom: 0px; margin-left: 0px; margin-right: 0px; margin-top: 0px;">
<span style="color: black;">Dernier cours<o:p></o:p></span></div>
</div>
</td><td nowrap="" style="border-bottom-color: windowtext; border-bottom-style: solid; border-bottom-width: 1pt; border-left-color: windowtext; border-left-style: solid; border-left-width: 1pt; border-right-color: windowtext; border-right-style: solid; border-right-width: 1pt; border-top-color: windowtext; border-top-style: solid; border-top-width: 1pt; height: 15pt; padding-bottom: 0cm; padding-left: 3.5pt; padding-right: 3.5pt; padding-top: 0cm; width: 126.45pt;" valign="bottom" width="169"><div class="MsoNormal" style="line-height: normal; margin-bottom: 0cm;">
<div style="margin-bottom: 0px; margin-left: 0px; margin-right: 0px; margin-top: 0px;">
<b><span style="color: #00b050;">Performance depuis le conseil<o:p></o:p></span></b></div>
</div>
</td></tr>
<tr style="height: 15.75pt;"><td nowrap="" style="border-bottom-color: windowtext; border-bottom-style: solid; border-bottom-width: 1pt; border-left-color: windowtext; border-left-style: solid; border-left-width: 1pt; border-right-color: windowtext; border-right-style: solid; border-right-width: 1pt; border-top-color: windowtext; border-top-style: solid; border-top-width: 1pt; height: 15.75pt; padding-bottom: 0cm; padding-left: 3.5pt; padding-right: 3.5pt; padding-top: 0cm; width: 47.3pt;" valign="bottom" width="63"><div align="right" class="MsoNormal" style="line-height: normal; margin-bottom: 0cm; text-align: right;">
<div style="margin-bottom: 0px; margin-left: 0px; margin-right: 0px; margin-top: 0px;">
<span style="color: black;">2,75$<o:p></o:p></span></div>
</div>
</td><td nowrap="" style="border-bottom-color: windowtext; border-bottom-style: solid; border-bottom-width: 1pt; border-left-color: initial; border-left-style: none; border-left-width: initial; border-right-color: windowtext; border-right-style: solid; border-right-width: 1pt; border-top-color: initial; border-top-style: none; border-top-width: initial; height: 15.75pt; padding-bottom: 0cm; padding-left: 3.5pt; padding-right: 3.5pt; padding-top: 0cm; width: 34.9pt;" valign="bottom" width="47"><div align="right" class="MsoNormal" style="line-height: normal; margin-bottom: 0cm; text-align: right;">
<div style="margin-bottom: 0px; margin-left: 0px; margin-right: 0px; margin-top: 0px;">
<span style="color: black;">4,98$<o:p></o:p></span></div>
</div>
</td><td nowrap="" style="border-bottom-color: windowtext; border-bottom-style: solid; border-bottom-width: 1pt; border-left-color: initial; border-left-style: none; border-left-width: initial; border-right-color: windowtext; border-right-style: solid; border-right-width: 1pt; border-top-color: initial; border-top-style: none; border-top-width: initial; height: 15.75pt; padding-bottom: 0cm; padding-left: 3.5pt; padding-right: 3.5pt; padding-top: 0cm; width: 41.35pt;" valign="bottom" width="55"><div align="right" class="MsoNormal" style="line-height: normal; margin-bottom: 0cm; text-align: right;">
<div style="margin-bottom: 0px; margin-left: 0px; margin-right: 0px; margin-top: 0px;">
<span style="color: black;">3,94$<o:p></o:p></span></div>
</div>
</td><td nowrap="" style="border-bottom-color: windowtext; border-bottom-style: solid; border-bottom-width: 1pt; border-left-color: initial; border-left-style: none; border-left-width: initial; border-right-color: windowtext; border-right-style: solid; border-right-width: 1pt; border-top-color: initial; border-top-style: none; border-top-width: initial; height: 15.75pt; padding-bottom: 0cm; padding-left: 3.5pt; padding-right: 3.5pt; padding-top: 0cm; width: 126.45pt;" valign="bottom" width="169"><div align="right" class="MsoNormal" style="line-height: normal; margin-bottom: 0cm; text-align: right;">
<div style="margin-bottom: 0px; margin-left: 0px; margin-right: 0px; margin-top: 0px;">
<b><span style="color: #00b050;">+43,27%</span></b></div>
</div>
</td></tr>
</tbody></table>
</span><span class="Apple-tab-span" style="white-space: pre;">Voici la comparaison des performances entre les conseils Biotechs et les principaux indices, depuis le début des conseils:
<i>Surperformance de notre liste par rapport au CAC 40 du 10/07 au 17/09: 30,71%
Surperformance de notre liste par rapport au Nasdaq du 10/07 au 17/09: 30,00%
Surperformance de notre liste au BTK (Indice Biotech des valeurs moyennes) du 10/07 au 17/09: 24,47%</i>
</span>Unknownnoreply@blogger.com1tag:blogger.com,1999:blog-4125880878913106640.post-71139740239794647592010-09-17T01:53:00.008+02:002010-09-19T00:04:55.162+02:00Miser sur le marché de l'obésité<div class="separator" style="clear: both; text-align: center;">
</div>
<i></i><br />
<i><div class="MsoNormal" style="background: white; line-height: normal; margin-bottom: .0001pt; margin-bottom: 0cm;">
<span style="color: #222222; font-family: "Georgia","serif"; font-size: 10.0pt; mso-bidi-font-family: Calibri; mso-bidi-theme-font: minor-latin; mso-fareast-font-family: "Times New Roman"; mso-fareast-language: FR;">Selon le
Journal international de l'obésité, le phénomène d'excès de poids et d'obésité
touche 21,8 % dans le monde (Source : <a href="http://www.radio86.fr/la-chine-en-profondeur/les-medias-et-la-chine/3496/lobesite-un-nouveau-probleme-en-chine"><span style="color: blue;">CNS</span></a>).<o:p></o:p></span></div>
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<span style="color: black; font-family: "Georgia","serif"; font-size: 10.0pt; mso-bidi-font-family: Calibri; mso-bidi-theme-font: minor-latin; mso-fareast-font-family: "Times New Roman"; mso-fareast-language: FR;">En 2008 en
France, l'Institut Pasteur a révélé "une évolution préoccupante" de
l'obésité. Une étude montrait que l’obésité touchait 20,6% des hommes et 20,8%
des femmes (Source : <a href="http://www.lepoint.fr/actualites-societe/obesite-la-france-aurait-sous-estime-son-probleme-de-poids/920/0/252080"><span style="color: blue;">Le Point</span></a>). Chez les 35-74 ans, l’étude montrait
même que 67 % des hommes et 50 % des femmes présentent une surcharge pondéraleou
une obésité. </span><span style="color: #222222; font-family: "Georgia","serif"; font-size: 10.0pt; mso-bidi-font-family: Calibri; mso-bidi-theme-font: minor-latin; mso-fareast-font-family: "Times New Roman"; mso-fareast-language: FR;">Une
autre étude française montrait que l’obésité était en évolution croissante.
Elle aurait cru de 50% en 10 ans (Source : <a href="http://www.cite-sciences.fr/francais/ala_cite/science_actualites/sitesactu/question_actu.php?langue=fr&id_article=6803"><span style="color: blue;">Cite Sciences</span></a>).<o:p></o:p></span></div>
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<br /></div>
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<span style="color: #222222; font-family: "Georgia","serif"; font-size: 10.0pt; mso-bidi-font-family: Calibri; mso-bidi-theme-font: minor-latin; mso-fareast-font-family: "Times New Roman"; mso-fareast-language: FR;">Aux Etats-Unis,
le taux d’obèses dans la population est de 27% (Source : <a href="http://www.potatopro.com/Lists/News/DispForm.aspx?ID=2745"><span style="color: blue;">CDC</span></a>). Mais le pays souffrant le plus de l’obésité
est... la Chine, qui compte 70 millions d’obèses. Au total, 26% de la
population chinois est considérée comme en surpoids ou
obèse (soit 275 millions de personnes) contre 6.8% en 1989 (source :<a href="http://www.usatoday.com/news/health/weightloss/2008-07-08-obesity-china_N.htm"><span style="color: blue;">USA Today</span></a>). Face à ce fléau, plusieurs
sociétés ont tenté de mettre sur le marché la pilule miracle. Sans succès. Or,
une Biotech attend de voir son médicament anti-obésité approuvé. <o:p></o:p></span></div>
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<span style="color: black; font-family: "Georgia","serif"; font-size: 10.0pt; mso-bidi-font-family: Calibri; mso-bidi-theme-font: minor-latin; mso-fareast-font-family: "Times New Roman"; mso-fareast-language: FR;">L'actualité
récente des développements dans le domaine de l' Obésité nous a montré que
cette année, quatre médicaments contre l'obésité avaient subi
des échecs pour mettre sur le marché le premier traitement
contre l'obésité. Un marché gigantesque, qui pourra
être extrêmement rémunérateur pour la société qui montrera un profil
de sécurité optimal avec une perte significative de poids. </span><span style="color: #222222; font-family: "Georgia","serif"; font-size: 10.0pt; mso-bidi-font-family: Calibri; mso-bidi-theme-font: minor-latin; mso-fareast-font-family: "Times New Roman"; mso-fareast-language: FR;"><o:p></o:p></span></div>
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<span style="color: black; font-family: "Georgia","serif"; font-size: 10.0pt; mso-bidi-font-family: Calibri; mso-bidi-theme-font: minor-latin; mso-fareast-font-family: "Times New Roman"; mso-fareast-language: FR;">Ainsi, il
est temps maintenant de s'intéresser à un Challenger, qui est le
dernier homme debout dans cette course vers la "pilule miracle". On
sait que la rareté se paie cher. De fait, la position enviable de
cette Biotech qui reste la seule alternative cette année dans ce
domaine pourrait nous faire connaître une envolée du titre <b>sachant
qu'une date importante arrive à grands pas</b>.</span><span style="color: #222222; font-family: "Georgia","serif"; font-size: 10.0pt; mso-bidi-font-family: Calibri; mso-bidi-theme-font: minor-latin; mso-fareast-font-family: "Times New Roman"; mso-fareast-language: FR;"><o:p></o:p></span></div>
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<b><span style="color: black; font-family: "Georgia","serif"; font-size: 10.0pt; mso-bidi-font-family: Calibri; mso-bidi-theme-font: minor-latin; mso-fareast-font-family: "Times New Roman"; mso-fareast-language: FR;">Des échecs à répétition..
qui pourraient faire les affaires d'une Challenger</span></b><span style="color: #222222; font-family: "Georgia","serif"; font-size: 10.0pt; mso-bidi-font-family: Calibri; mso-bidi-theme-font: minor-latin; mso-fareast-font-family: "Times New Roman"; mso-fareast-language: FR;"><o:p></o:p></span></div>
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<span style="color: black; font-family: "Georgia","serif"; font-size: 10.0pt; mso-bidi-font-family: Calibri; mso-bidi-theme-font: minor-latin; mso-fareast-font-family: "Times New Roman"; mso-fareast-language: FR;"><br />
</span><span style="color: #222222; font-family: "Georgia","serif"; font-size: 10.0pt; mso-bidi-font-family: Calibri; mso-bidi-theme-font: minor-latin; mso-fareast-font-family: "Times New Roman"; mso-fareast-language: FR;"><o:p></o:p></span></div>
<span style="color: black; font-family: "Georgia","serif"; font-size: 10.0pt; line-height: 115%; mso-ansi-language: FR; mso-bidi-font-family: Calibri; mso-bidi-language: AR-SA; mso-bidi-theme-font: minor-latin; mso-fareast-font-family: "Times New Roman"; mso-fareast-language: FR;">En bourse comme ailleurs, le malheur des uns fait
le bonheur des autres. Dans les années 60-70, les pharmas avaient
eu la mauvaise idée d'utiliser du "speed"
(des amphétamines) pour traiter le sur-poids. Dans les années 80-90,
un coupe-faim (l’Isoméride) vendu sur ordonnance à 7 millions de Français,
s’est révélé source de troubles pulmonaires. La liste est longue, et il
n'existe toujours pas sur le marché de véritable médicament qui
puisse remédier à ce problème. Tous les espoirs résident
maintenant sur le programme d'une seule Biotech, dernier joker sur ce
futur marché très lucratif...</span></i><br />
<br />
1.L'Acomplia de SANOFI<br />
<br />
En Juin 2010, Sanofi-Aventis (Code à Paris: SAN) a retiré sa NDA (NDA=demande de nouveau médicament) pour l'Acomplia (rimonabant, un antagoniste des récepteurs CB1 des cannabinoïdes) après qu'ils aient rencontré des problèmes majeurs de sécurité: le médicament augmentait la dépression et les pensées suicidaires. Une décision antérieure avait été prise par l'Afssaps (France) en Octobre 2008, puis par l'EMEA (l'équivalent de la FDA) en 2009: celle-ci avait retiré son autorisation de commercialisation dans l'Union européenne pour Acomplia. Il s'en était suivi de graves difficultés en interne chez Sanofi...<br />
<br />
2.Le Qnexa de VIVUS<br />
<br />
Très récemment, le 15 Juillet 2010, le Comité consultatif de la FDA a refusé le Qnexa de la Biotech VIVUS (Code Nasdaq : VVS). Son cours a alors perdu -60% le lendemain de cette annonce. Qnexa est une combinaison de phentermine (déjà approuvé pour la perte de poids) et de topiramate (un anticonvulsivant agoniste lui aussi déjà approuvé).<br />
<br />
Qnexa semblait le plus répondre aux obstacles d'efficacité d'un médicament contre l'obésité, mais des questions ont été soulevées sur les effets cognitifs du topiramate dans la formulation. Vivus avait auparavant eu une évaluation de protocole spécial (SPA) avec la FDA, et avait déclaré que la conception et les paramètres de la phase III étaient adaptés pour une approbation. Vivus avait montré que 40% des patients avaient perdu au moins 5% de leur poids dans deux essais de phase 3, avec la plus grande efficacité observée avec la dose la plus élevée. Le seul problème, et il n'est pas des moindres: c'est que de fortes doses de topiramate, l'ingrédient principal de Qnexa, ont entraîné des pensées suicidaires...<br />
<br />
Un autre problème soulevé par le Qnexa est son profil de sécurité. Un autre composé du Qnexa, le Fen-Phen, qui était autrefois considéré comme un médicament miracle générant plus de 20 millions d'ordonnances par année a toutefois été retiré en 1997, par Wyeth après des problèmes cardiaque potentiellement mortels (une hypertension pulmonaire avait été observée). Qnexa n'a pas démontré qu'il pouvait causer de décès, mais pour la FDA, c'est NON.<br />
<br />
3.Le Lorcaserin de ARENA<br />
<br />
Même problème chez Arena Pharmaceuticals (Code Nasdaq: ARNA). Cette biotech a subi un revers le 16 Septembre: le comité exécutif de la FDA s'est prononcé contre une autorisation de son Lorcaserin (une nouvelle entité chimique antagoniste). Le cours perdait -40% dans la foulée en after market (alors que le cours avait été multiplié par 3 en deux mois juste avant cette annonce. Là encore, des problèmes de sécurité ont fait craindre le pire. Pourtant, contrairement à VIVUS, Arena avait annoncé un accord de partenariat avec le japonais Eisai pour les droits américains de son médicament l'obésité, avec 50 millions de dollars en cash, et 90 millions de dollars en plus lors de l'approbation de la FDA. Aussi, Arena aurait touché un taux de royalties faramineux: 31,5% du prix de vente, et Arena se réservait les droits du médicament pour le reste du monde. Mais là encore: tout a été stoppé, et désormais il sera bien difficile de repartir du bon pied.<br />
<br />
4. Le Sibutral d'Abott<br />
<br />
En janvier 2010, c’est la firme américaine Abbott qui a dû retirer le Sibutral en raison de risques cardio-vasculaires.<br />
<br />
<b>Le Challenger: La suite <a href="http://www.objectifeco.com/bourse-2/conseils-boursiers/article/sacha-pouget-100-en-deux-mois-sur-une-biotech-impliquee-dans-l-obesite">à suivre sur Objectifeco</a></b><br />
<a href="http://www.cinemovies.fr/fiche_film.php?IDfilm=4880">Ci-dessous: la Bande annonce du doc choc "Supersize me"</a><br />
<br />
<embed allowfullscreen="true" allowscriptaccess="always" flashvars="config=http://www.cinemovies.fr/player/export/config.php?IDBA=ba_28061" height="335" src="http://www.cinemovies.fr/player/export/cinemovies-player.swf" width="420"></embed>'Unknownnoreply@blogger.com0tag:blogger.com,1999:blog-4125880878913106640.post-66101327114307119712010-09-03T20:47:00.011+02:002010-09-17T12:52:04.038+02:00Suivi du conseil sur Exact Sciences : +65% sur un mois et demiLe titre EXACT SCIENCES (EXAS) n'a pas connu véritablement de pause depuis mon <a href="http://sachakin.blogspot.com/2010/07/exact-sciences-opportunite-de-60-300.html">conseil du 26 Juillet avec un achat sur les 3,60 $</a>. Au 03/09: la hausse ressort à +35%, soit une large surperformance par rapport au Nasdaq, qui a baissé pour sa part de -2% sur cette période. <b><u>UPDATE: la hausse affichée au 09/09 ressort désormais à +65%...</u></b><br />
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<tr><td style="text-align: center;"><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEgxohaE1rKwINKAnVhyc9LGusv-FhSWzo9r1p-d1gCkfUswh6kMMEGtfYYWFzvg7aAHL0CHysMsTbWM4eRhCTp2IkvCaBmhi-8EUlhTfSkiRQPfMcShUsi0fEICyJ5nEnZXO-h3Lrg1a58l/s1600/EXAS_vs_Nasdaq.JPG" imageanchor="1" style="margin-left: auto; margin-right: auto;"><img border="0" height="171" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEgxohaE1rKwINKAnVhyc9LGusv-FhSWzo9r1p-d1gCkfUswh6kMMEGtfYYWFzvg7aAHL0CHysMsTbWM4eRhCTp2IkvCaBmhi-8EUlhTfSkiRQPfMcShUsi0fEICyJ5nEnZXO-h3Lrg1a58l/s400/EXAS_vs_Nasdaq.JPG" width="400" /></a></td></tr>
<tr><td class="tr-caption" style="text-align: center;">EXACT SCIENCES vs Nasdaq au 17/09</td></tr>
</tbody></table>
Comme indiqué lors du précèdent conseil, la date du 29 Octobre est des plus attendues. En attendant, on surveillera attentivement la zone de résistance majeure des 5,00 $ (entre Mars et Juin, le cours n'a pu s'extirper de cette zone à trois reprises). On profitera de tout échec sur ce niveau pour alléger sa position.<br />
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<a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEjm-MBTWeccGNHAfzi1FO9eN_PXnQydEXV0ei5Q9UVDtVlCV8G-tITh4eJHknRLy9cfUGntGJ5Nt809hryJ18NweTBOIe1znGdHOKtnBzuenMyOjOTGQ-jWKMmcamRVDDWZ0NU9-ujeqzLq/s1600/EXAS_Graph.jpg" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><img border="0" height="186" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEjm-MBTWeccGNHAfzi1FO9eN_PXnQydEXV0ei5Q9UVDtVlCV8G-tITh4eJHknRLy9cfUGntGJ5Nt809hryJ18NweTBOIe1znGdHOKtnBzuenMyOjOTGQ-jWKMmcamRVDDWZ0NU9-ujeqzLq/s400/EXAS_Graph.jpg" width="400" /></a></div>
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<a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEjm-MBTWeccGNHAfzi1FO9eN_PXnQydEXV0ei5Q9UVDtVlCV8G-tITh4eJHknRLy9cfUGntGJ5Nt809hryJ18NweTBOIe1znGdHOKtnBzuenMyOjOTGQ-jWKMmcamRVDDWZ0NU9-ujeqzLq/s1600/EXAS_Graph.jpg">Cliquer sur le Graph pour Agrandir</a></div>
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En cas de franchissement des 5,00 $, on pourra viser l'objectif secondaire établi à 7,00 $. Seule la News du 29 Octobre nous permettra de réaliser cet objectif. Si on bute sur la Résistance, on devrait se diriger vers le support CT situé à 4.00 $. <b><u>UPDATE: nous avons explosé la Résistance situé à 5,00 $. Le cours est directement passé à 5,90 $ en une séance le 09/09...</u></b></div>
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A Long Terme, l'objectif demeure sur 10,00 $. En cas de succès de son Test de Diagnostic moléculaire, un acteur important pourrait être tenté de racheter la société. Pour rappel, la société a déjà refusé une offre de rachat en 2009, venant de SEQUENOM (SQNM).</div>Unknownnoreply@blogger.com0