tradersams blog

BPT:  Opened a long position in Beach Petroleum today – I entered with a warrant to gain some leverage.  The instrument I used was a warrant BPTBOK, with an entry at $0.395 – I have the dubious honour of being the only purchaser today.  This is a SystemA trade, which is a longer term trend following system (the first one of these written up since coming from hibernation).

Again this is a share that I have previously entered – in fact, this is one share that has popped up in my SystemA scan a couple of times over the last year of so – and given only two members of the ASX200 have shown up in about a year, it is a bit of a rare beast.

Note that I am using a warrant as the tradeable instrument, but for the plan I trade the underlying share, and take signals from that – hence the share price graph here.

Anyway, I’m off to bed – I need the ears to calm down – I saw Duran Duran tonight, and actually felt young in the audience.