London, United Kingdom (PressExposure) September 11, 2009 -- "Zen International" sources say that the firm's subscription clients have realized a 14% profit on a recent trade recommendation issued by the Asian-based investment broker.
The firm recently advised clients to acquire stock in Home Retail Group which operates chains of home and general merchandise retail stores in the UK.
Despite the economic slump in the UK, "Zen International" analysts took advantage of bullish economic news - however misguided - and issued instructions to subscription clients to purchase the stock at 280p on 17th July.
The analysts told clients to book profits on 27th August at 318p netting them a 14% profit on exit.
Although "Zen International" remains bearish overall on the UK retail sector, sources close to the firm said that chart-based technical analysis can reveal patterns in price action and investor sentiment that can yield opportunities for short-term profit.
It continues to advise clients to avoid speculative forays into UK shares in light of the evaporation of the much-vaunted "green shoot" theory.
"Zen International" believes that the UK is at least 15 months away from tangible recovery and that it still faces fallout from its massive quantitative easing program which is likely to have serious ramifications for sterling in the months ahead.