Anglo Pacific Group, Mondi Ltd

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Anglo Pacific Group - closed yesterday at £1.585 and today opened at £1.545 - as I was prepared to buy up to £1.60 I bought here as potential for greater profit realised.  However why did it open down - result of share buying yesterday after close and market-maker manipulation?  And since then share has remained static for rest of today.  However noted in previous two days most activity occurs in the afternoon - not sure why!

Made up to £1.58 on an Intra-day spike and would have settled out for £1.55 making about £100.  The Google Financials indicated both an High and Low not available on the chart which makes it an unreliable source.

This stock today did not make my 3% so although a profit it was an incorrect prediction.  Also had I not watched the share I would have had to sell up at day end of loss.  Though after having bought a share I won't then watch it I do need to watch for opening making purchase around 10am and at end to get out of the share - sometimes this will help me to take some profit even if not the 3% required today - it still covered broker costs and made a reasonable profit.  Until I actually do it I don't know about slippage effect.  Next time I will watch Intraday to give me experience of doing this.  Google Financials not reliable and 15 mins delayed - do I need to upgrade my Sharescope package?

Mondi - meets criteria and also note for last 10 or so days its high and low prices have bounced up and down hugely which means 3% is so much more achievable irrespective of its closing price.  Another set of shares to look out for therefore.  Would need 3.14 to achieve 3% and this price has been achieved for last 10 days or so at some point during each day.  Buy up to 3.07.

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This page contains a single entry by Stuart published on September 25, 2008 3:07 PM.

Laura Ashley, British Polythene Industries, Anglo Pacific Group was the previous entry in this blog.

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