Friday, August 7, 2009

Trading Update - Olam, UOL and Cosco

Sold Olam at 2.51 bought at 2.48
Reason for selling: The chart does not look good. RSMA sell signal and Stochastic also giving sell signal which confirms the sell.

Cosco sold at a lost at 1.29. Bought at 1.32.
Reason for selling: Same as Olam.

UOL Sold at 3.46. Bought at 3.53.
Reason for selling: Both MA and Stochastic show uncertainty. Overall market seems heading for correction. Since it is uncertain, might as well sell off and wait again.

Sembmar - hold
Reason: MA and Stochatics still bullish even through it is undergoing some correction. Will wait for sell signal to confirm. I believe sell signal will appear tonight and I will hold this over the long weekend. For counter trade, it is possible to add more position to this counter. However, I will not take additional risk for now.

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I'd like to share my experiences and knowledge about healthy and happy living as well as mid-life crisis. 不以物喜,不以己悲。