a lot of buys and sells happening for me today and even though the market was strong my o/a gain was approx. nil.
CURRENT STATUS - MML - long, 1.5bites left (sold 1.5 bites during the day at very good profit, again price all over the place, variation between high and low was 4% ...........................UP
GOLD - still moving up @ $US 1320
WBC - long, 6 bites (bought a further 2 bites today) - the banks are moving up with the aussie dollar, (the $A now above 94c.) moving up just a small amount each day - UP
QBC - sold due to very adverse buy / sell ratio................TINY LOSS
MQA - long, just 1.3 bites and its going really well.... a perfect uptrending chart, bought at the bottom of the trading band.... looking to buy more. an infrastucture company, toll roads - there are not many outside influences to affect a stock like this (except interest rates and traffic numbers) compared with a lot of the stocks that we have talked about here .
HVN 2 - long, 2bites - steady ..... WELL UP (JBH is reaching for the stars at the moment)
FMG - long , two bites- LOSS so I raised my bid quite bit more and now look what's happened. some notes to myself on this were -
1. don't buy into a stock which is in the middle or upper part of a trading band.
2. remember a stock can go up or down, its a 50/50 chance so bid accordingly.
3. don't get enamoured with a stock just on medium level news.
4. evaluate news carefully as to its level of importance. (in reference to news - i saw a $119.00 iron ore price and rising as something that would move the stock dramatically).
5. take notice at what's happening to the stock on the screen (price action together with the buy / sell ratio) NOT what you believe will happen, and cut when the price and buy / sell ratio is moving against you.
they say you can train the brain, i am hoping to do that - it just seems to be a very difficult job in my case.
some other thoughts were - just because you are going well on most stocks it is no excuse for dropping the guard when looking at others.
its more important to pay attention to stocks that are losing than glorying in the stocks that are doing well.
SEH - long , 1 bite a stock that i have lost a lot of money on, but made a great deal more money on over the last couple of years.........coal seam gas in china, at the development stage, not producing yet, but shortly..... the program is falling way behind schedule and concerns about full disclosure in relation to the program have caused the SP to almost halve. but the downward momentum of the share price looks as if its about to turn. i believe it is grossly undervalued at current prices - SPECULATIVE.
have a good couple of weeks with families guys
FLEMSTER the cape range national park. im sure your the girls are getting pretty exited. when we came down the coast quite a few years ago we loved the cape peron NP,the deep orange sands and the wildflowers... enjoy
and JONGO sounds like an exiting trip for all, more so I guess if you are from WA. tropical rain forests, the great barrier reef and lots more. when we saw the GBR yonks ago we took a big cat out from cairns, glass viewing from below decks... I hope there is some of it left there for you.