It's nice to see PJ almost there with his heart. Only need 17 people now to recognise his contribution each and every day and a worthy heart will be his!
I couldn't of picked a better time to start a cash rollout in the market. I've actually been making some fair profits this past week, but I've taken some of the stale and more risk based stock losses quickly to counter some of these profits. Next week, I'll add to this. Essentially I want to show a positive week, but also retain a comfortable cash balance in case the market really does upset.
GOA > Mixed feeings as the gold price went against us last night, however the interest today on GOA will be significant again and this could go anywhere. It has potential for 7+ and on the downside maybe 5.0 (+/- 0.002)? Positive announcement supported the increase yesterday.
NWE > certainly plenty of interest. I used to trade NWE many many MANY years ago and I recall that it ran from a similar pattern to the 10+ region. This was back in the days when NWE had it's options also listed (NWEOA). The MACD crossed at 1.6 (11 Sept) and another up day will signify a buy signal. Problem is that the run is coming on the backend of the market upswing.
CNP/CER > Seen this stock run like this before. Almost BNB style without the massive pre-open interest. Last time it ran hard and came back to 23 before a new run was commenced. Volume on depth figures will show the way.
Watching: Looking for some bounce trades today on PRR/O, AZM, NWE, RAU/O, BCN/OA, URL, MAK and news based stocks.
Have a good one. Weekend is almost here!
iPod CAMPAIGN MANAGER - VOTE "1" PJSIMON FOR HEART
