Closed out my FXR today, had a good 2-3 day run and its trading outside the boolinger bands. During this time they had a production upgrade which caused the stock to rally. Currently they haven’t done the magnetic survey for iron ore yet. That said, since I was only going to be in and out [...]
US market did well, DJIA & NASDAQ broke above the triple top. When the Australian market opened the same thing happened. ANZ is trading at a very low level and I believe it will be relatively stable in the next 2-3 weeks. This is a short trade because I’ve been waiting for the market to [...]
This is a real life example that happened over the weekend, 8th July 2007. This is not my purchase, but I have been given permission to post the transaction for people to have a look. Just a breif overview:
The property was listing “From $285,000″
It is a 2×1 villa in a small group of 10
Owners are [...]
Reason
This is a 7 month breakout on a weekly chart! Its been treading down for the past 7 months and it has broken past its support level this week. This is a speculative trade, its a good idea to have a portion of your portfolio put into these trades because if you’re right you’ll make [...]
wrote some naked puts (ie, insure somebody for their precious stocks) on OSH because I am happy to buy OSH at these prices. Lots of consolidation at $4.20 with plenty of support at $4 and $3.7 and there is plenty of room to move to $4.6
I wrote down on my note pad I kept [...]
QBE is trading at the support level, its been trending sideway for the past 4 months so its trading at the support and should bounce back. That said, the market is quite volatile last month so I’ve done a $1 spread to reduce the risk (ie. breakeven is lower).
The Trade (QBE) - Traded on 4th [...]
