Archive | December, 2008
December 5th, 2008 – A mixed day…
We went into today a little long (ASX, BHP, DJS and IRE) and a little short (NCM and STO). We had been tightening up the BHP trailing stop as it headed quickly in our favour and our analysis suggested a turn lower was close by. We exited on the gap open this morning at $26.51for [...]
Continue reading...December 4th, 2008 – Balancing positions…
4. December 2008
We added a second short position in NCM today. We attempted the same a week or so ago, only to be stopped out. We now have the following positions open on the ASX side: LONG ASX, BHP, DJS, IRE SHORT NCM, STO The account now stands at +3.6% for the short time we’ve been back [...]
Continue reading...December 2, 2008 – Nasty volatility
3. December 2008
Another nasty session for the market with our Model Performance account also giving up some small open profits again. DJS again bucked the trend to help our cause, closing about 5% higher. We initiated a short in STO but suffered some open slippage due to the large decline in US equities, so some defense will [...]
Continue reading...December 1, 2008 – Weekly trend punches in
2. December 2008
We’ve been square in US over the last week or so but have had 1 sell setup, Gold Fields (GFI), waiting in the wings to trigger. With both US equities and Gold plunging we initiated the position last night to then see the stock swan dive over 18%. We’re going to wear some pain on [...]
Continue reading...December 1, 2008 – Some give back
1. December 2008
Our account gave up some of its recent gains as ASX and BHP reversed course and NCM jumped enough to stop out the short positions. DJS put is a decent performance for a change, closing 2.8% higher. With NCM out we’re now standing at 2.5% gain since getting involved again a week or so ago. [...]
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5. December 2008
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