Buy Call - US Aug 22 2007
We bought half of our position in CBST today at 24.19. This is a new pick and a more detailed analysis will be done over the weekend.
Profitable Investing, the BP way.
We sincerely believe that, in this world of uncertainities, people who do not develop their investment skills are fighting the battle of life without an armour.
We bought half of our position in CBST today at 24.19. This is a new pick and a more detailed analysis will be done over the weekend.
Posted by
Mr GG
at
7:26 PM
0
comments
Labels: Trade Calls
We reinitiated a fresh short in AKS today. The price was at 35.15.
On hindsight we should have waited for a 'red flag' candle.
Posted by
Mr GG
at
7:22 PM
0
comments
Labels: Trade Calls
As we expected, it was a very volatile week. All markets had a major crash in the middle of the week with the DOW and FTSE recovering on Friday. Asian markets have started off strongly today.
The end of this correction is in sight. However before the new rally begins, a base will be built. The lows that we have made over the week might be tested. If we look at the charts, we don't see a candle, ie, the close was not at the lows but rather the lows were intraday.
With this structure we can visualise 2 scenarios:
Posted by
Mr GG
at
10:10 PM
0
comments
Labels: Market Updates