Xstrata
Xstrata - under-performing - likely due to uncertainties around takeover of Lonmin. This looks now as if it could go ahead with a decision needed by 2.10. Share under bought. Today price went up despite less interest than previous day - suggests increasing buyer interest.
Question is whether if price bounce occurs will it be Wednesday or Thursday (or even Friday!).
My 3% requirement is eminently achievable - however stop loss could bounce me out of the trade. Issue of managing entry and exits using Level II feed. One option would be to buy Wednesday and watch - would need 6% bounce to justify over 2 days and 9% over three days - which I feel is quite achievable.
Decision to watch with view to buy - based on a combination of Technical Analysis and Fundamentals
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