Archive for the ‘cnt’ Tag

system A fires – first time in ages

Posted November 18, 2009
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My trend following System A fired for the first time in ages today.  And it only came up with the one – Centamin Egypt (CNT).

Centamin Egypt - System A

Looking at the chart, it is not what I’d call an ideal entry!

CNT is climbing a rising channel, and is just on the bounce from the top of that channel.

There are a couple of reasons I am going to skip this first entry from my system:

  • I can’t get it on margin, and cash reserves are light
  • It looks like its about to dip, so going short might make sense – but this stock seems unborrowable – so can’t short it.

Anyway – now that the system has fired, I expect a few more options to arise over the next week.  For more about System A look here.