Prospects:
Missed the ICT train today. Seems like resting for a bigger push. Bounced back down after meeting its first resistance.
MPI completes a dark cloud cover plus a MACD sell. Currently signaling a downtrend.
SCC ended with a shooting star. Let's wait at 152.39.
PD:
Bought URC at 45.25 (buy signal from CSO), buying the dips after a long candle. 1st support from the pivot point was correct, being the lowest trade for the day. Candlestick forms somewhat like a harami, but still maintaining on the top half of the previous day's long candle. Buy signal from CSO, was confirmed from a MACD buy and a bullish BOS. This trade is meant for the short term-medium term only.
AP continuing on its ascent, faced the upper resistance at 26.31. Swing traders would have sold along with doyts. The stock ended backing down further from the lower resistance @25.23. Currently closed at 24.8.
EDC is still having support from foreign buys (doyts and CLSA) although JPMorgan was selling. Still a bit 50-50 on unloading tomorrow.
CMT on a lull. I hope I wouldn't face a cut-loss here. It should hold at 1.8 then hopefully will shoot up breaking out at 2. :P
Can't resist, bought some milk today :)
Composition: (Oh no, I am now holding 5 stocks.)
AMC - 12%
AP - 18.4%
CMT - 13.5%
EDC - 32.7%
URC- 22.7%
Today, I have increased my cash investment for another 25%. Greedy me. Well, this is to give way to my long term plans on certain stocks, retaining my cash investments for short term trading.
Showing posts with label doyts. Show all posts
Showing posts with label doyts. Show all posts
Monday, October 11, 2010
Saturday, October 9, 2010
Money in Milk
1 of my professors in grad school this term loves talking about stocks. He even usually incorporates stock trading into our lessons (Financial Reporting). Today, he gave an interesting stock tip which would be shunned upon by short term traders due to its illiquidity. AMC.
As a finance professor who often consults for companies, analyzing balance sheets and cash flows, it is expected that fundamental analysis is his basis on trading stocks. He showed to us the company's balance sheet, pointing out recurring profits and ZERO debt. As he says, a company without debt, never goes bankrupt. Another good reason to buy this stock is due to accumulation of foreign broker namely,"Doyts".
AMC has a life on its own, whether on a bull or a bear market. Of course, to take advantage of the bull market, this wouldn't be your top pick. But, most portfolio managers would include stocks such as this to provide support even during bearish times.
Another stock fundamentalists love is DGTL, although for now, it is still currently on a stalemate due to the buying and selling of the foreign brokers. He pointed out that he also plans to accumulate slowly on this stock.
Other favorites of his include AT, URC and BPI.
As a finance professor who often consults for companies, analyzing balance sheets and cash flows, it is expected that fundamental analysis is his basis on trading stocks. He showed to us the company's balance sheet, pointing out recurring profits and ZERO debt. As he says, a company without debt, never goes bankrupt. Another good reason to buy this stock is due to accumulation of foreign broker namely,"Doyts".
AMC has a life on its own, whether on a bull or a bear market. Of course, to take advantage of the bull market, this wouldn't be your top pick. But, most portfolio managers would include stocks such as this to provide support even during bearish times.
Another stock fundamentalists love is DGTL, although for now, it is still currently on a stalemate due to the buying and selling of the foreign brokers. He pointed out that he also plans to accumulate slowly on this stock.
Other favorites of his include AT, URC and BPI.
Thursday, October 7, 2010
AP, AP and Away!
My "shooting star" call yesterday on AP was a dud. Shooting stars should have long tails. Good thing I was able to monitor the market today as AP had a blast raising the roof up to 20.45, to a close of 20.35. I plan to hold as permissible, probably buying the dips on this stock. AP outperformed my other "Power bets", EDC and FGEN. Right now, I should be comfortable to hold on to this stock and hopefully be able to correctly read the candlesticks before pulling out.
SCC: I was able to get off SCC at 157 since i noticed Doyts has been unloading piece by piece on the ticker. Did a good thing as the stock closed at 154.8 today. I'll be waiting at 150.95 to reenter.
FGEN: At around 11am, FGEN charts still feeling the resistance at 14.44, and so I decided to sell at 14.12. Will wait for MACD charts to tell a buy signal before re-entering.
EDC shows a small hammer. I hope this pushes the stock price up by tomorrow! MACD suggests it is still in consolidation mode. If ever price increases by tomorrow, it might generate a buy signal.
CMT is the black sheep on my portfolio. Seems like not much is happening with the cement stocks.
PD:
EDC - 1/3
AP - 1/6
CMT - 1/6
cash 1/3
SCC: I was able to get off SCC at 157 since i noticed Doyts has been unloading piece by piece on the ticker. Did a good thing as the stock closed at 154.8 today. I'll be waiting at 150.95 to reenter.
FGEN: At around 11am, FGEN charts still feeling the resistance at 14.44, and so I decided to sell at 14.12. Will wait for MACD charts to tell a buy signal before re-entering.
EDC shows a small hammer. I hope this pushes the stock price up by tomorrow! MACD suggests it is still in consolidation mode. If ever price increases by tomorrow, it might generate a buy signal.
CMT is the black sheep on my portfolio. Seems like not much is happening with the cement stocks.
PD:
EDC - 1/3
AP - 1/6
CMT - 1/6
cash 1/3
Wednesday, September 29, 2010
Pivot Points
I am now trying to make use of pivot points to determine my buy and sell signals. I also confirm if these signals would act as support or resistances by using Fibonacci Retracements.
For my first try, I felt that MPI would reach a resistance and would eventually go back down.MPI pivot point was at 3.92, but I mistakenly saw Doyts selling MPI on the ticker, making me sell at 3.87. The stock price actually reached 3.95 before going down to 3.80 at the close.
On the buy side, I waited for the nearest lower pivot point to be my buy signal. As I left the terminal at around 11am, I was no longer expecting my orders to be hit. As I have finally arrived back home, I'm surprised that my portfolio is currently brimming with new stocks: AP, CMT and additional shares of EDC. Since I started posting these orders at around 1030am, my entry prices are more or less equivalent to closing prices.
I am still bullish with the power sector as evidenced by my more than half of my stocks: EDC, FGEN and AP. CMT is a "cement stock" which are currently in play right now. This time, I wouldn't want to miss the train (assuming it still remains on the green).
So far, my portfolio is still on the green thanks to my hold with EDC and FGEN. By tomorrow, we shall see if my decision of entering to AP and CMT would actually pay off.up:gucci handbags
PD: (considering 50% increase in cash investment)
EDC - 30%
AP- less than 20%
CMT - less than 20%
FGEN - less than 20%
SCC - more than 5%
cash - more than 5%
For my first try, I felt that MPI would reach a resistance and would eventually go back down.MPI pivot point was at 3.92, but I mistakenly saw Doyts selling MPI on the ticker, making me sell at 3.87. The stock price actually reached 3.95 before going down to 3.80 at the close.
On the buy side, I waited for the nearest lower pivot point to be my buy signal. As I left the terminal at around 11am, I was no longer expecting my orders to be hit. As I have finally arrived back home, I'm surprised that my portfolio is currently brimming with new stocks: AP, CMT and additional shares of EDC. Since I started posting these orders at around 1030am, my entry prices are more or less equivalent to closing prices.
I am still bullish with the power sector as evidenced by my more than half of my stocks: EDC, FGEN and AP. CMT is a "cement stock" which are currently in play right now. This time, I wouldn't want to miss the train (assuming it still remains on the green).
So far, my portfolio is still on the green thanks to my hold with EDC and FGEN. By tomorrow, we shall see if my decision of entering to AP and CMT would actually pay off.up:gucci handbags
PD: (considering 50% increase in cash investment)
EDC - 30%
AP- less than 20%
CMT - less than 20%
FGEN - less than 20%
SCC - more than 5%
cash - more than 5%
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