Mid January Review
Wednesday, January 17, 2007
MarketNinja has been up and running for around half a month so far. I thought it would be a good time to discuss some of the opportunities I have alerted readers to, and the dismal performance so far. I was alays nervous of this when starting this blog, hopefully this will turn around.
Charter Hall (CHC)
Added $2.25, stop $2.17
Current $2.40, stop @2.23
Made a good move on the 12th but has reached resistance at $2.40. Trend still looks string. Stop hasn’t moves into positive territory yet.
Eastern Star Gas (ESG)
Added $0.32, stop $0.275
Current $0.295, stop $0.275
Short term trend looked like it was broken and an intraday low of $0.25 was reached on the 11th. The short term group has since bounced off the long term group and has yet closed below our stop loss. Long term trend line still intact.
Industrea (IDL)
Added $0.33, stop $0.305
Current $0.34, stop $0.305
Has reached resistance at $0.34,
Riversdale Minerals (RIV)
Added $2.20, stop $2.07
Current $2.05
Closed at $2.00 on the 11th below our stop loss.
Sunland Group (SDG)
Added $3.66, stop $3.53
Current $3.83
Closed at $3.41on the 8th below our stop loss. Trend has since been restored providing another entry into the stock.
Envirozel (EVZ)
Added $0.41, stop $0.385
Current $0.38
Closed below our stop on the 17th.
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