Tuesday, September 7, 2010

Personal Disclosure

Nothing happened much in today's trading as we were down by 5 points when I left while I was basically waiting for buying opportunities. When I got back, the market closed higher by 31 points courtesy of ALI gaining 10% for the day closing at 18.

GMAP reached my predicted price and it is now starting to correct. DMC began to correct today as the recent ascend was unsustainable. AGI still bounced strongly after being sold down last week and it is now beginning to correct also. I am more inclined to buy AGI though since I already know how it moves.

What I need to do now is to find stocks to rotate my funds with as I have no trades the following week after I liquidate. MEG, FGEN, JFC, and BEL are possible candidates for rotation. However, I am a bit unsure with the trend strength of BEL. We'll see how it goes.

Will write my trading plan this week. Still waiting for entry points.