Archive for the ‘brg’ Tag
today – close brg, cmj, open bhp (short)
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BRG: I closed my position today in Breville at $4.26 for a 6% profit under System B. The exit is unfortunately well off the peak about 3 weeks ago (these are weekly charts for System B), giving up a nice bit of the profit – remember it’s not about picking tops and bottoms though..
Anyway, taking into account the original entry, and the pyramid entry, this is a very nice trade! Note that the 6% profit does not include the original entry, as that was taken before I returned to my blog – so that would be cheating.
CMJ: I closed my position today in Consolidated Media Holdings at $3.20 for an 8% profit under System B. If you look closely at the few bars prior to the close the share appears to be forming a broadening triangle, so I suspect there might be a significant move here shortly. I might keep this on the radar, and see what comes next for this one.
Again, as for the BRG transaction above, this is a very nice trade, taking into account the original breakout followed by the pyramid entry. I’m very happy with this one also 🙂
As for the one above, the 8% profit does not include the original entry.
The exit is unfortunately well off the peak about 3 weeks ago (these are weekly charts for System B), giving up a nice bit of the profit – remember it’s not about picking tops and bottoms though.
BHP: I have opened a short position in Broken Hill Pty Ltd today based on a System B entry. I have entered this position when BHP was at a price of $32.17 using a short option position for leverage. Similar to my warrant positions, it’s quite small in order to manage the risk.
The option expires in about a month so if should track closely to the actual value of the trade. The value is in the money, but only just. Lets see how we go.
today – open brg (pyramid entry)
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.
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