tradersams blog

Pyramid entry - brg

BRG:  Opened a further position in Breville Group  today using SystemB – this was a pyramid entry into an existing position.  As for my previous pyramid entry that started prior to updating this blog I will simply track this entry.  This entry was at $4.01.

I took the entry on a slight pullback from 4.05.  I was looking to enter on penetration of the $4.00 line.  This looks fairly aggressive, but the share is making all time highs, so I’ll go with it.

This is another nice looking breakout – and a long term traditional company – not a funky miner or explorer.

In other news I was bounced out of a trade in Senex today (ASX:SXY) when the price took a sudden dive on bad news.  I’ve considered buying back in – but that is the sort of thing I did back in 2010 when I last used to write this blog.  There seem to be plenty of opportunities at the moment, so I’ll sit on the sidelines for a couple of days and see how the price plays out.

Anyway, its bed time – night.