November 28, 2008 – Still looking up

ASX Commentary

November 28, 2008 – Still looking up

Fri, Nov 28, 2008

Our long side plays remain intact with some good gains recorded by BHP (+7.6%) and ASX (+4.2%). IRE increased +2.2% with DJS remaining slightly out of the money. Today we added a short position in NCM. We took a conservative entry but there was a much better, if not aggressive stance available but we chose not to take it based on the US holiday. It would’ve paid off nicely, but thems the breaks! The account now stands at +3.3%. based on 0.5% risk per trade.

Trades executed today:

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And the account status as at cob:

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This post was written by:

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

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