Just a quicky tonight.
I’ve decided to go in at the market with Centamin, so have cancelled the limit order from yesterday and will place a market order tomorrow – details will be posted over the weekend.
I have also amended my Wellstream order, in an atttempt to get filled.
My Revised Wellstream order details;
Buy Limit @ 542p [...]
Today I placed two buy limit orders:
Centamin Egypt (CEY.L) – Having closed my previous position to protect a profit, I placed a buy limit order today. I’ve reduced the risk that this position carries as (like I’ve stated before) I’m keen to hold onto this for as long as I can. Their first gold pour [...]
Today I closed my Long on Centamin before my stop was hit. The reason was pretty simple, it is currently following Gold on a downward path.
Centamin Egypt
Entry: 50.57 (24th Feb 2009)
Exit: 53.36 (20th April 2009)
Attic Fund profit: 0.7%
I will continue to monitor this stock as I am bullish on the long term, but I am [...]
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 [...]
Centamin is doing great. Up nearly 18% since I went long.
That is a good gain and my swing trading experiences are screaming at me to close this position and book a profit. I’ve never been in a position on an instrument which made an 18% gain before, my previous best was a Soybean trade that [...]
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 [...]
Despite gold gaining $30 last week, Centamin Egypt chopped between 48 & 52. There’s been no material news on the company in the last couple of weeks, so I’ll continue to hold my long position, which is currently down .25%
This type of ‘longer term’ investment does require a different mind set to the one I [...]
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 [...]
| About AtticManTrader | |||||||||||
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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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