A colleague of mine found this research paper after I had a chat with him about renting shares. Obviously he was doing some research into some of the stuff we were discussing. I just plant seeds in people’s mind and one day it will hit them and they will start asking the right questions
This is [...]
Got stopped out of my PEM (CFD) position today. PEM is going up and down and actually trading at a nice support level now. There is a lot of volatility in the market causing some crazy movements.
 The Trade
15th May 2007 Buy 4,700 PEM @ $4.31 ($20,257.00)
30th May 2007 Sell 2,475 PEM @ $4.049 ($10,021.28)
30th May 2007 [...]
ANZ pulled back today, been stalking this stock for the past few days trying to sell the $28.3 insurance for net credit fo 10c told my broker to leave the position open and see if I get filled. Since i’m a lucky guy by birth, I got filled for this one. ANZ has been hammered pretty badly over the past month shedding over [...]
Opened a WDC today, this one is in the money - chasing the premium for this one. Jowy, my girlfriend actually bought some of these shares last week and I was actually telling her it was a good trade as long as it stays above $20.5 because there is plenty of support there. Today was [...]
Same reason as before, my internet stuffed up yesterday and was in meetings after work yesterday till late so here is what I did yesterday. This trade was a simple one, was in ZFX last month and is still looking good, had a pull back similar to LHG and decided to enter again, selling insurance at $17 [...]
My internet stuffed up yesterday and was in meetings after work yesterday till late so here is what I did yesterday. I was in LHG last month and is still looking good this month, it had a pull back recently and is bouncing off its support. Entered this for a good return, even though its at near [...]
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Broker called me this morning cause there was a strong pull back in the market, this effectively wiped out this months gain (ie big wipe out)
CSR has been side way trading for the past 5-6 months. Its currently trading at its support level of around $3.50, there is strong support there. In addition, there is [...]
Today is option expiry - also know as (aka) pay day
Firstly the Australian market got hammered today, it fell 70.4 points (down 1.11%) - in short the market lost about one week’s gain in 1 trading day! The best thing is that it doesn’t affect any of my open positions!
What my pay check for this month?
LHG [...]
My broker mentioned that I could close out WBC for $0.04 so I had a look at the trade and decided to go ahead with it. I figured, since I got 15c for this and its going to cost me 4c to lock in my profits.
Why did I close this trade?
Firstly, I am in a [...]
