Archive for the ‘gnc’ Tag
today – open gnc (re-entry)
Leave a comment
GNC: I opened a long position in Graincorp today at $9.50 in System B. The share dropped sharply towards the end of the last trade, however my system triggered a buy in it again last night. The share didn’t drop as much as others in the market did, so there may be some strength in the share.
As I look at the european market tonight, its again taking a hit. This might again be a fairly short trade.
today – close gnc, prg
More positions being taken out today, and it looks that there will be more tomorrow.
GNC: I closed a position today in Graincorp at $8.85 for a 4% loss as a System B trade. This looks to be another trade cut unnecessarily short due to the currently falling overall market. This is a case of a well found candidate, and I followed the system to a T.
PRG: I closed my position in Graincorp Limited today at $2.28 for a 10% loss. Again a System B trade.
Again I stuck to the plan, and have only taken a small loss.
For tomorrow it’ll be something I don’t do too often anymore. I’ll take a short trade that System B has signalled today. On my tests System B seems ok on the short side, however my statistics on real short trades do not reflect the expectations of the system. I’ll have to sit down and analyse that in detail at some stage.
today – opened sxy, gnc, bptkmb, mix
Todays been a down day on the ASX. I placed my trades last night (Sunday night) and came home to see what positions I had taken up. Always a risk as I can’t see how my positions are dealt with, and I am placing them without taking advantage of any price dips during the day.
SXY: I opened a position today in Senex Energy under SystemB . This is an entry on the weekly momentum system. The entry price was $1.145.
You can see the earlier trade I had in Senex which was recently closed out, and very profitable. The entry today would imply that the trend may continue. Looking at the graph updated with todays price it looks like a tweezer top / double top may be forming – so I’ll keep a close eye on this one.
GNC: I opened a position today in Graincorp under SystemB in what appears to be a continuing uptrend. The entry price was $9.26.
I did notice there was a warrant for this trade, however I have stuck to the main equity in this case.
BPTKMB: I opened a position today in Beach Energy under SystemA. I actually opened the position in another warrant against BPT, as I am looking for the leverage on this one. The entry price was 0.435.
In this case BPT again showed up in my trend following system and looks to have turned up from the recent low. This trade is taken on a small investment as the share is developing into a down trend (lower lows and lower highs). The recent dip seems to have come up as a result of the company running a capital raising. The capital raising seems to have knocked the price a tad.
MIX: I opened a position today in Mirvac Industrial under SystemA after a strong close at the end of last week. The entry price was $0.105.
I’ve never traded MIX before so I will have to get a feeling for its personality 🙂
Time for a sleep – I’ll update the portfolio page tomorrow.
tradersams blog 