Thursday, January 6, 2011

"Long term investor"

Sold CYBR for 1.36% profit! I was being greedy and stupid thinking that it will still climb higher right after the opening. I suck at day trading! I'll try to test it this month. If I don't get better at this, I would simply stick to short to medium term trading instead.

Bought ORE today at 3.85. I thought it would close higher before getting sold down at the last minute! I already bought at the last 30 minutes of trading and still end up with paper loss? I might be handing my money to JAP! Just kidding. I checked the previous transactions of ORE this week starting from Jan 3 and I found out that JAP(broker) is still holding around a million or so shares. Looking at last month's war chest, JAP is holding around 30 millions shares or so. From the looks of it, I am going to be a "long term investor" in here as they still have 30 million shares to sell! Haha!

My only consolation for keeping my negative position here in ORE is, it is poised to go up as suggested by the increasing(slight) ROC. Should have put my bet NIKL for the mining play. Anyway, what done is done and I am simply going to let it hit my stop before getting out.

AP closing above 32 would suggest the start of the uptrend. Bounce from 30 already~

Oh, and did anyone notice that the same amount of shares that was bought up yesterday in PA was also sold today? That's alot of "investors" right there!

*Metastock update: I tried to use the downloadable data from COL's website. Unfortunately, most of the files have "bad date" rendering some of metastock's feature useless. Anyway, I'll try to get the data using PSEGET today.

*As I was checking the monthly warchest starting from November, I found out that in November and December, A&A Securities have been buying(no selling done). Who could A&A Sec be? Sure they have lesser amount of shares than JAP but they never sell(except this week as they sold 30k shares).