CDD was added during the week and my position in STS was added to.
PWK and NOD have hit their exits and will be sold next week.
Saturday, November 24, 2007
Saturday, November 17, 2007
Saturday, November 10, 2007
Portfolio Update 9/11/2007
I will be taking some action next week.
REX triggered an exit, gapped down and closed near the lows like an absolute champion.
I will also be exiting out of the takeover stocks that I inadvertently (foolishly) purchased on the first day, namely CSM, IWL, and COA.
The latter two have already finalised everything regarding the takeover. So I figured if I don't cash out now, then I will end up taking either cash or shares in a few weeks/months time. Might as well put the money to use elsewhere.
The funny thing is, every week since that first week I've been thoroughly checking the candidates from the weekly scans if they are currently under takeover, and there's been none! Yet I got 3/10 on the first week!!
I will be purchasing GMI, RRA, and pyramiding into STS, with the proceeds.
Friday, November 2, 2007
REX and BKN
Just thought I'd post a few charts so we can get a feel for how the system works.
REX, which is the top chart, is very lucky to still be in my portfolio! Just managed to close above the exit.
With BKN, the ATR trailing exit has quickly followed the price upwards, to lock in increasing levels of profit. However, when the price starts going down, the ATR trailing exit will just stay flat.
So, we can be pretty confident that BKN will be closed a winner.
In both cases, the entry is 4 bars ago, counting the most recent bar as 1. The date is per the spreadsheet (October 9th).
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