Hi readers
It's a case of the good bad and ugly in trading at the present time.
Due to business commitment left the orders on with the computer on timing and got slaughtered
On the ES 20 lots each price market
Short
2092
2102
2117
Closed out at 2135
On the SPI 20 lots each price market
Short
5180
5185
5277
Closed out 5315..
So what went wrong don't know, looking into the numbers and aspects and can't seem to find anything.
That ASX200 is a very wild beast of a market, while the ES is what it is.
There seems to be a lot of relief that the liberals will form government but what type of government.
They have no majority and can't implement anything of substance without bribing others minority parties.
I noticed yesterday that on the up move that Asian funds continued to sell the banks in Australia without fail.
To be selling down significantly a complete sector something is seriously going on, it's not an analysts call on a sector, as most of the time you buy there sells and Sell the buys.
And finally the good news, Deutche banks is starting to get the wheels in motion.
I NEED TO DISCLOSE I DO OWN STOCK .. $12.75, $12.92, $12.97, $13.03.
There is a chance that the stock will come back down one more time but then again it might not.
On our other play Farm pride, the stock as I said before has come up to a level which farmers are prepared to sell stock.
So it's possible that the stock will have to plough through which it should quiet easierly.
The other stock that I was seriously look to buy into with great astrology coming up but the management is seriously flawed was CXZ.ax ( connextion media)
Great product but dumb management which leaves the company in limbo.
When investing you need to see if the people running the business can make it happen.
In this case the company has the potential with the product it has but management doesn't seem to know what it's doing.
The company can be bought by Google down the track but at the present time this isn't possible until the CEO who is the developer concentrates on developing further the technology and employs a good CEO to position the company in the right direction.
It's such a shame that stubborness rules here.
Clean management the stock is worth $2.10..
Been watching this stock from $.25cents and been going down one way ever since due to the above.
Another stock which I'm watch at the moment is SMN.ax.
The company also has very similar issues to CXZ.ax
Company has great technology that can become a cash cow, but due to management using the stock as a trading tool the lack of serious investment in the company is visible.
This has some great astrological aspect coming but due to management I refuse to buy into the company.
When a company leaks news to mates that's not a good sign.
You'll never attract institutional money which is the driver of share price movement.
It's a case of the good bad and ugly in trading at the present time.
Due to business commitment left the orders on with the computer on timing and got slaughtered
On the ES 20 lots each price market
Short
2092
2102
2117
Closed out at 2135
On the SPI 20 lots each price market
Short
5180
5185
5277
Closed out 5315..
So what went wrong don't know, looking into the numbers and aspects and can't seem to find anything.
That ASX200 is a very wild beast of a market, while the ES is what it is.
There seems to be a lot of relief that the liberals will form government but what type of government.
They have no majority and can't implement anything of substance without bribing others minority parties.
I noticed yesterday that on the up move that Asian funds continued to sell the banks in Australia without fail.
To be selling down significantly a complete sector something is seriously going on, it's not an analysts call on a sector, as most of the time you buy there sells and Sell the buys.
And finally the good news, Deutche banks is starting to get the wheels in motion.
I NEED TO DISCLOSE I DO OWN STOCK .. $12.75, $12.92, $12.97, $13.03.
There is a chance that the stock will come back down one more time but then again it might not.
On our other play Farm pride, the stock as I said before has come up to a level which farmers are prepared to sell stock.
So it's possible that the stock will have to plough through which it should quiet easierly.
The other stock that I was seriously look to buy into with great astrology coming up but the management is seriously flawed was CXZ.ax ( connextion media)
Great product but dumb management which leaves the company in limbo.
When investing you need to see if the people running the business can make it happen.
In this case the company has the potential with the product it has but management doesn't seem to know what it's doing.
The company can be bought by Google down the track but at the present time this isn't possible until the CEO who is the developer concentrates on developing further the technology and employs a good CEO to position the company in the right direction.
It's such a shame that stubborness rules here.
Clean management the stock is worth $2.10..
Been watching this stock from $.25cents and been going down one way ever since due to the above.
Another stock which I'm watch at the moment is SMN.ax.
The company also has very similar issues to CXZ.ax
Company has great technology that can become a cash cow, but due to management using the stock as a trading tool the lack of serious investment in the company is visible.
This has some great astrological aspect coming but due to management I refuse to buy into the company.
When a company leaks news to mates that's not a good sign.
You'll never attract institutional money which is the driver of share price movement.
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