aarrgghhhh….b*ll#x
Autonomy Corp, rose 7.1% today to close at 1376. I blogged on 15th April (after my 1300 stop had been hit), that I was going to monitor this stock and ‘see what happens‘.
(See graph left – my analysis from 22nd April, looking at 68% Fib retracement)
Well now it’s bloody clear what’s happened! The pro’s forced the [...]
Today saw my 1300 stop on Autonomy hit. It wasn’t a great surprise, but left me feeling a little disappointed given it was up at 1400 a couple of days ago.
Autonomy Corp Plc
Entry: 1237 (17th March 2009)
Exit: 1300 (15th April 2009)
Attic Fund profit: 1.9%
I will continue to look for buying opportunities on this stock [...]
AtticFund Update;
Centamin Egypt +12.9%
Autonomy Corp +6.7%
AtticFund +3.8%
After Mondays rise in Gold ($884 to $894), I felt that Centamin Egypt (CEY.L) could well benefit from this rise and from the open things looked good, with Centamin rising from 57.3 on open to a high of 60.8p in only 2 hrs.
As I’m using a leveraged product this [...]
It’s been a rough couple of days for the fledgling AtticFund. With both stocks falling dramatically in the last couple of days.
Centamin is down 14.7% from a high of 62.2 on 1st April to 54.2 today and Autonomy is down7.3% from a high of 1421 yesterday to 1324 today.
It’s never nice when the portfolio takes [...]
Centamin Egypt CEY.L (+19.8%)
Daily candles show indecision. There is potential for a pullback/correction.
Keep an eye on the weekly candles, potential bearish formation.
Potential Resistance @ 65
Potential Support @ 60
Stop @ 51.58 (Trade is now risk free)
Target @ 70
Autonomy Corp AUTN.L (+9.11%)
Daily and weekly candles are bullish
Potential Resistance @ 1360
Potential Support @ 1250
Stop @ 1250 (Trade [...]
The AtticFund currently has 2 long and 0 short positions:
Centamin Egypt (CEY.L)
Bought@50.57. Current Price 54.75 (up 8.3%)
Autonomy Corp (AUTN.L)
Bought@1237.78 Current Price 1312 (up 5.9%)
The Fund is up 2.9% since 24th February 2009
Both stocks now look extended from value and with a pretty decent return it’s tempting to take something from the table. I’d like to [...]
My Buy Limit on Autonomy Corp was filled today. So the AtticFund is slowly (veeerryy slowly) taking shape. I don’t think it was the best entry I’ve ever made as I think there may be a further drop in the price (assuming the current dip is a pullback), but my stop gives this trade a [...]
My focus over the next couple of weeks is in building the AtticFund (ok that’s been the stated intention for sometime now, but things have been getting in the way….). I think I may also be suffering from ‘Traders Block’ or put another way failing to pull the trigger. This is something I’m aware I’ve [...]
Getting fully invested is taking longer than expected – not least because I’ve been somewhat sidetracked by twitter! – I’ve posted a couple of blogs about this crazy little tool – It really is pretty cool. I’m up to 169 followers – mostly trading dudes and the odd celeb! Follow me if you want to [...]
As I posted a couple of days ago, I’ve now got details of the companies that comprise the Software Sector (as per IG Index). These companies are;
Autonomy Corp
Aveva Group
Dimension Data
Fidessa Group
Invensys
Logica
Micro Focus Inte
Misys
Sage Group
TeleCity
I was pleasantly surprised that there are that many to deal with. It’ll make the analysis a lot easier!
I’m going to start [...]
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I am a stock trader and a blogger. This blog is a transparent and honest account of my stock trading journey. I trade the FTSE350 stocks on an End of Day Basis. Read more... | ||||||||||
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