DOW's closing up by 254 points or 2.54% last night gave a big push to our market today as most of the stocks advanced and the market itself made a gap up! Hopefully, DOW is up again tonight so the big boys won't take profits tomorrow just yet~ Extend the green fields til next week!
MPI is the best performer in my portfolio right now as it gained another 3.47% today closing at 3.58, giving me 6% net gain since I bought it. Moving up my trailing stop again. The psychological resistance at 3.55 was taken out today but the next psychological resistance held back further price movement. Next immediate psychological resistance is at 3.65, next is at 3.70. The gap up made yesterday also points at 3.82 at a target in the short term. Next major resistance is at 4.20. Six-trading days in portfolio.
FLI also performed very well today as it also made a gap up from yesterday's session, pointing at 1.38 as a target that it needs to take out. The gap today at 1.20 should also act as support once it corrects again. This one is another portfolio performer today as it already nets me a 3.33% gain already for the entire holding period. Trailing stop is now active. Nine-trading days in portfolio.
DMC is a disappointment as it only gained a measly 1.40% at 21.80, not even break-even with costs! Not to mention poor performance in comparison with this current run-up. Four-trading days in portfolio.
MEG also performed very well today as it gained 5.85% closing at 1.99, netting a 6.90% gain in four-trading days in comparison with DMC and outperforming it. It even made a gap up from yesterday's session at 1.94, pointing at 2.13 as a target.
BDO still continued to move up further and forming a gap in today's session that points at 57.25 as target.
I will try to sell DMC tomorrow or maybe early to mid-week by next week at break-even or hopefully even for a small gain. I'm looking forward to taking positions in MEG or BDO once they make a correction.
AGI is also looking good in the mean time as it rebounded strongly after being sold down. PIP is also looking good as it finally broke ouf of it's downtrend. Theses two might be worth to looking at again.
Standing at 12.41% gain today of the target courtesy of AGI. 8-trading days left to reach the target.
8.81% paper gain in MPI (6.02% net gain).
5.88% paper gain in FLI (3.33% net gain).
2.34% paper gain in DMC (0.46% net loss).
Still sitting tight!
