AA

EP 41, SL 39, TP 44,46,49

MTOBEIMF

SATS

Forgot to include this in the blog,

SATS Short

EP 4.87, SL 5.05, TP 4.41

this trade will need patience

MTOEBIMF

Week 12 March 2017

Counters I will be looking at

1. Terratech, look for it to move towards 57 or even 64
2. Addvaluetech, counter is starting to move
3. Noble, flush on daily is positive, break 205 for entry
4. Boustead, EP 85, SL 825
5. Lorenzo,
6. GSS Energy, broke 179, seems to have legs to run to 200

DYODD

Abundance Int

Ep 70, SL 65, TP OTOT

Amplefield

Looking at this short for a couple of days and i decided to sell short today for this penny counter

EP 78, SL 81, TP OTOT

Countertrend punt

MTOBEIMF

Japfa

EP 0.815/82, SL 0.8, TP 84, 87~88, 915

Queuing now @ 815 --> Entered 82

MTOBEIMF

AddValueTech

EP 41, SL 39, TP 43, 48/49, 54

MTOBEIOF

SunMoonFood

EP 104, SL 102, TP 108

Queuing @ 104

Cancel order

Net Pacific Finance Short 2

Entered shorts @ 70, will add if 69 breaks.

Out this morning for my MR ceremony and listen to strangers talk about Exxon Mobil and other equities... everyone seems to be an expert...

MTOBEIMF

Update

Short NPF 9 March 2017

Added shorts after 69 gave way. The counter is showing signs of slow selling already since it has come down from 90++ to 60++ levels. Initially already placed buys @ 62 and 60 respectively. BUT since naked shorts have to be covered on the very same day and selling is moving at a grinding pace. I decided to close the shorts in advance rather than waiting. It's possible a short squeeze might come in later.

Anyway, thank you Mr Market again for half a day's work... MR LOR!!!!!

Cosmosteel

Out now so I will post a simple chart. Should be explosive when play comes in

Net Pacific Finance

Net Pacific Finance Naked Short, 8 March 2017

Posted this only after the trade because the trade only kicked in around 3.31pm.
Doing naked shorting means I need to cover my position before 5pm. So that means I only have 1.5 hours for the market to move in my favor.

Goes to say I need to be glued to the screen rather than blog about it.

Overall it was a good trade with the right signals in place. Closed partially @ 74 because there was panic selling @ 72 73 region and experience tells me price will bounce back up. Hence, I decided to close the remaining lots @ 74 rather than queue @ 73 and suffer possible reactions.

I seldom do naked shorts as I had a real bad experience with Aussino when I first started trading in 2013. I remember that particular bad trade I lost 2k++ intraday. But that was when I was a greenhorn and do not have my systems and rules in place.

Thank you Mr Market for this trade today

Noble

EP 225, SL 210, TP 240, 260

MTOBEIOF

Japfa

Countertrend Punt

EP 845, SL 83, TP 88

MTOBEIMF

Dutech

EP 0.475, SL 0.465, TP 0.515

Countertrend Punt as we had a huge red bar down on the weekly

Market weakening

Many popular counters are doing a reverse of the morning movement. Be cautious... As of now, I have no counters on contra.

CityNeon

Counter trend trade

EP 0.79, SL 0.765, TP 0.82, 0.85, 0.885

MTOBEIMF