Archive for the ‘wsa’ Tag
today – sell wsa, buy aqa
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wsa closed today
WSA: My position in Western Areas was closed on market open today at a favorable price of 6.00, given I put it in to exit at 5.85 or so… giving me an 8% loss.
Exited well, exited quickly, managed the loss. Much of the market has been rising in the last couple of days, with this sticking out for not moving with the market.
AQA: Pyramided into Aquila Resources today for a third time. Rising consistently and making new highs today.
aqa buy
Will continue to watch, and stick with a stop loss based model for now, as opposed to target picking for this one – it seems to be running nicely.
My nightly review says I was lucky not to lose another couple of positions today, but I have a few sitting slightly above stops – but definitely some running nicely in there. Just a tad disappointed that I didn’t get back in MOL a while ago!
Anyway, signing off – presentations to give in my real job tomorrow, and rest is important.
today – open mcc, wsa, fxj
mcc open
MCC: Pyramided into my position in Maccarthur Coal. I had an entry set before the market to enter when the resistance line was penetrated. In this case it looks like resistance held, and this may prove to be a poor entry. Time will tell.
WSA: Opened a new position in Western Areas – agin bought on finding new highs just to drop back in later trade. There is an uptrend in place with this share, however it comes off the boil a bit.
wsa open
FXJ: Opened a new position in this share. The longer term graph looks like a solid base has been formed over an extended period, and now the share seems to be climbing out of it. The recent rounded bottom was mirrored in the volume (sketched in green below), with increasing volume as the price pressed through the last most higher high in mid-June. I expect this to be a better longer term performer.
fairfax open
All in all, not really happy with my entries today – the first two triggered based on a very strong market opening today, but now the trades are in – trade the plan!!
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