Wednesday, September 1, 2010

Personal Disclosure

The market closed 27 points higher despite DOW's flat closing by +5 points. All's well and green this time. Hopefully the green grass lasts till next week.

MPI closed at 3.46 and still looking strong netting me a gain of 2.29% today! I'm putting on my trailing stop active now. It also gaped up from yesterday's session pointing at 3.82 as target. Psychological resistances are at 3.55, 3.60, 3.65 and 3.75,while major resistance is at 4.20. Five-trading days in portfolio.

FLI is slowly building up strength again although I am still 0.01 centavos loss here. Nothing really exciting today as volume turnover is relatively low. Eight-trading days in portfolio.

DMC also showed positive movements today as it closed 0.70% higher today although the volume turnover is relatively low so I am still feeling uneasy with my position right now. I am looking for a easy break-even here to move my funds to another stock position with relatively more active price movement. Break-even at 21.96. However if it starts to have a more active price movements, I will keep my position here.
Three-trading days in portfolio.

MEG, in comparison to DMC, closed 1% higher at 1.88, bouncing from its recent low at 1.84. Three-trading days in comparison to DMC.

Price movement of BDO is definitely accelerating as it continued to move up in today's session.

Standing at 12.41% gain today of the target courtesy of AGI. 9-trading days left to reach the target.

5.16% paper gain in MPI.
0.08% paper loss in FLI.
0.07% paper gain in DMC.

Sitting back and sitting tight this week.