We opened a new long position in BSL today, yet another offering a high risk/reward if successful. We now retain longs in NAB, ASX, IRE, BSL and DJS.
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The account continue to probe at new equity highs without the ability to break through. As usual we expect it will occur eventually so long as we stay with guiding rules of creating a positive expectancy.
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We’ll be taking annual leave over the Xmas break starting tomorrow. Subscribers will be shown how to manage these open trades which will hopefully go onto reach their respective target. We’ll be keeping these trades open in this model account udring our absense, so it may be that we achieve a different result to subscribers.
We’re looking forward to the challenges of 2009 knowing full well that we can pull profits from the market regardless of its direction.
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