December 10, 2008 – Staying long…

Wed, Dec 10, 2008

ASX Commentary

We’re holding 4 long positions, (ASX +1.25%, DJS +4.15%, IRE +3.23% and NAB -1.51%) of which 3 moved in the right direction today. All these trade have high reward payoffs so target prices are still a little way off. It’s disappointing to see BHP +6.71 today, following on from yesterdays gains, without us. Our stop just got tagged unfortunately. Subscribers will be aware of a much larger pattern forming here so we’ll be watching that one for another opportunity.

No trades executed today. The account is now +3.5% since resuming trading in late November.

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This post was written by:

Nick Radge - who has written 899 posts on The Chartist.


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