Thursday, January 13, 2011

Adding up positions

I added up positions in AGI and NIKL today because both stocks are behaving within expectations.

On the otherhand, MBT is still slightly below my entry although it is still behaving positively. ROC are pointing up suggesting price advances in the short term.

Sold ORE today for a 2% loss. It won't go up in basura days, it won't go up in blue and second liner days. It must be trading on a different market. The good thing about it is, my father won't be bugging me to buy this piece of crap anymore.

The proceeds of ORE are used to add up positions in AGI and NIKL.

AP recovered relatively stronger today however, I always find bullish harami candlesticks highly unreliable for buying/selling so I am still not betting on it. I'll buy again when it forms a higher trough.

I also bought SCC for my aunt today. It broke out of ascending triangle formation when it passed 200 with a short term target at 234.

I had 3 buy signals on SMC and still I did not buy.

I think I finally got the right word for ORE. Panis.
Western markets are significantly up! Asian markets are opening higher! Hope the rally extends to our market.