tradersams blog

Reece 29-9-09

REH: Opened a position in Reece at $23 which makes me the recent high – hope I am not the one caught out in the wind! The risk with this share is that the market might be a bit thin if I need to exit, so only a small position.

I’m able to set a fairly tight stop here due to the closeness of the trendline.

Looking at the market depth there are very few buyers in the market, but there are a fair number of sellers.  In fact until a trade went through at market close, I was the only buyer today in this share.

Hastie 29-9-09

HST:  Opened a position today in Hastie group today at $2.25, which as you can see is climbing nicely – although yesterday was a day of weakness.  Again not far off the trendline so easy to set a stop

The market today took off early but really only held the position during the day, with no real movement after the first 30 mins – at least not for my portfolio, which at the moment I can say covers many of the market segments.

Au revoir,