November 12 2008 – homing in on the targets

ASX Commentary

November 12 2008 – homing in on the targets

Thu, Nov 13, 2008

Another solid drop in the US helping out with our current 4 short positions. MTRX and BEAV are within a few cents of tagging their respective targets. Stops have been pulled in very tight now to lock in gains. THG and NST remain in the money but away from their respective target levels so far. All stops are at break even or better – a great place to be!

The account is now +9.6% net in 6-weeks as at today’s valuation, but this obviously accounts for unrealized gains. Slowly but surely our goal is to outperform the markets over the longer term.

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This post was written by:

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

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