Talvivaara Mining Company, Schroders, Heritage Oil, Afren, Standard Chartered

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Talvivaara Mining Company - gapped overnight to £2.05 then rose to £2.20's before setting back at £2.10's.  My buy level has been passed - should I wait to see if it retraces (unlikely) or buy at higher price or ignore?

Schroders - gapped up to £8.40 then continued rise up to £8.80 - so as predicted but again too late to take advantage due to overnight market.  Also adds to the saying I have heard bulls at night, bears during the day.

Heritage Oil - bought at £1.79 and price climbed quickly!  With trailing stop made me 6% double my requirement for all three shares for the day - nice.  

Additionally Afren returned to the level I bought it at and even passed into 60's again - sold at 61 and made £200 - so a paper loss but actual profit.  However this is an atypical share as I would not have bought it at the price I did - I only kept hold of it to make good my mistake for learning.  In a real situation I might not get that opportunity.

Standard Chartered - again gapped overnight and passed my buy target - however all four shares I selected were correct and all met my percentage requirement - not just that but exceeded it!

Should I monitor the other three - may as well for learning - and my other positions are closed so I can reinvest.  Have some interest in Schroders as though now at £9.00 it usually trades above this level and made £9.00 yesterday at peak.  Monitor.  However at 9 would need £9.27 and has not always achieved that recently.  Schroders movements may be due also to the fact it has been added to the list of companies who cannot be short-selled.  Note this also includes Standard Chartered!  Schroder price now up to 9.10 at 1pm - there is buy pressure but my observation is that this is not a reliable indicator and the pressure is slight - I will observe towards learning.  Share actually reached £9.30 but I would have been taking a punt on that.  I could only purchase at levels identified and where passed share to be removed from watchlist.  Only a few hours to days trade close so hardly unlikely any of these shares would drop to those level then recover to my percentage requirement!

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This page contains a single entry by Stuart published on October 14, 2008 12:08 PM.

Stochastic Signals was the previous entry in this blog.

Trailing Stops is the next entry in this blog.

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