January 20, 2009 – Energy & Resources helping out | The Chartist

ASX Commentary

January 20, 2009 – Energy & Resources helping out

Tue, Jan 20, 2009

It’s been a busy few days in out household so this is a late post taking into account the last few days. We exited our last long position in BSL for a small 1R profit. We now have no longs yet retain our 3 shorts; BHP, STO and AWE. All these 3 are in the money, although STO came within a whisker yesterday of tagging the breakeven stop.

BSL fill from yesterday and the chart of the trade:

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As at close of business today, Tuesday 20th, the Model Account shows a balance $53,650, inclusive of unrealized P&L. No trades were executed today. Tomorrow is the BHP quarterly release which may move the account.

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

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