Breaking free.

Well, what do you know. SMC shoot right up today because of the news of the offering will not be postponed and now priced at 200-250. Coincidentally, the gap today points to 211 as a target in the short term so I'll be keeping this one for a while. I also increased my position today.

I put up a position in SCC today at the closing.

NIKL showed alot of hot love today, peaking at 21.20 before closing at 20.90, also filling the intraday gap(5-minute)at 20.80. Data on my previous analysis of the chart is updated 'cept for the chart.

SOLD APC for a loss today.

SOLD AGI at 11.96. I was being stupid and greedy that it will push higher into mid-12s today while my analysis is just pointing at 11.98 so I sold a fluctuation lower.

ATR was very active in this stock today but I don't think I am willing to bet on them yet. There was also a huge cross by UBS. I am skeptical with this cross sale as I feel like cross sales at the top end of the range is distribution. Or maybe I am simply being paranoid.

Still holding ELI. What a sucky position. I want to break free.

The index might meet resistance at 4090 in the short term so that leaves us with 2% gain in one day(doubt it) or 1% gain in 2 days which would mean that the resistance will be met by Monday.

*Heavily monitoring the Index as I am only comfortable trading index issues.


***I just got the daily quotation report and have I read it right? Around 1B NFB?!

Risk-Reward of closed trades

Updated on every closed trades

Closed trades:

1/05-1/06 CYBR 1:0.61
1/11-1/17 AGI 1:3.5
1/12-1/20 CYBR 1:0
1/20-1/27 AGI 1:3.5
1/17-1/27 APC 1:0
1/27-1/28 SMC 1:2
1/18-1/28 ELI 2:0
1/27-2/02 SCC 0.1:0
1/28-2/02 LC 1:0
2/01-2/02 MER 1:0.1
2/02-2/11 SMC 1:0
2/08-2/11 AGI 0.76:0
2/07-2/14 AGI 0.24:0
Open position/s:

1/12/11 NIKL 1:0

San Miguel Corporation (SMC)

Latest open position:

Lepanto Mining (LC)