27th June 2012 – It is time for 2 ‘shorts’, AN-V me?

Buy $	Sell $	Short $	Cover $	Stop Loss $	Profit / Losses	Duration
		27.50 Avg = 27.22		30.96

 

Reason for Buy / Sell / Short / Cover:

 

1. From the weekly chart, it shows that price came up all the way and get into the upper part of downtrend resistance line and then get sold off again.

2. Intraday chart also shows weakness and price is now bar by the 20MA line.

 

Lesson Learnt:

 

1. This short is not going to be easy.
2. When the price came up to @30.00, I was actually thinking of adding to my short at that time, but did not obey the rule and short it there. What a waste. Again, this show my weakness in making trade.

 

Intraday Chart

Historical Chart

6th May 2012 – Let’s go Nevada.

Buy $	Sell $	Short $	Cover $	Stop Loss $	Profit / Losses	Duration
		28.21		30.10

 

Reason for Buy / Sell / Short / Cover:

 

1. Price has dropped below the neck support line on the weekly chart.
2. I should have been more patient in my entry. Should have waited for it to come to 20MA line in intraday chart.
3. Monthly chart shows that the price not only dropped below the neck line support. It is also below the uptrend line now.

 

Lesson Learnt:

 

1. Watch closely the GLD price movement. They are highly correlated.
2. I should have checked when they will announce quarterly report. Guess what, they will do so on 7th May. Looks like I can be in deep trouble.          ;-)

 

Intraday Chart

Historical Chart

19th Aug 2011–You don’t have to short the real gold.

Buy $	Sell $	Sell Short $	Buy Back $	Stop Loss $	Profit / Losses	Duration
		40.09		41.15

 

Reason for Buy / Sell / Sell Short / Buy Back:

 

1. Daily chart shows that there seems to be a top limit at $41.00.
2. GLD is making all time high, but this gold stock is not.

 

Lesson Learnt:

 

1. Be careful, the movement of GLD might drive the movement of this stock.

 

Intraday Chart

Historical Chart