23rd Sept 2011–Sorry Buffett, I have to leave for a while

Buy $	Sell $	Sell Short $	Buy Back $	Stop Loss $	Profit / Losses	Duration
	99.50				Losses	4 days

 

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

 

1. Stop loss triggered when I as sleeping soundly.
2. Sorry Warren Buffett, I have to leave for a while.

 

Lesson Learnt:

 

1. Stop loss was triggered when I was sleeping and Ben do the "fantastic twist".
2. I should have set the stop loss at around the line of 102.50, now looking back at the intraday chart.

 

Intraday Chart

Historical Chart

17th Sept 2011–Giving Warren Buffett a helping hand

Buy $	Sell $	Sell Short $	Buy Back $	Stop Loss $	Profit / Losses	Duration
106.40				99.20

 

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

 

1. A bullish cross of 20MA and 50MA lines shows that it is turning bullish.
2. A retracement on Friday is expected at the daily 20MA lines, buy on its weakness.
3. Intraday shows that the price is attached with the movement of the 20MA line.
4. Daily chart shows that $100.00 is the temporary bottom line. Stop loss point is easily spotted.
5. Strong support line is traced back 8 years long term chart.
6. Daily MACD seems to be turning positive.
7. Not bad, I still can buy below Warren Buffett buying price after 3 years.    ;-)

 

Lesson Learnt:

 

1. I could have enter it on Tuesday when the intraday chart shows that the price poke through upward the intraday resistance line. However, I was waiting to see whether the bullishness will last.
2. Intraday 20MA and 50MA line bullish cross on Thursday, but price has gone much higher than what I wanted. So decided to wait for Friday market pull back.
3. Daily chart also shows that 20MA will become its temporary resistance line, so retracement on Friday is expected and decided to buy on its pullback, but the pull back should reach the intraday 20MA line for me to initiate the purchase.
4. Warren Buffett bought $5 Billion shares of GS at $115.00.  http://online.wsj.com/article/SB122220798359168765.html

 

Intraday Chart

Historical Chart

13th July 2011–Pattern Study–Take good care GS

Ticker:

 

1. GS

 

Topic:

 

1. On the edge of breaking down.
2. Another possible Big wedge break down pattern.

 

Lesson Learnt:

 

1. A SHORT position here can be lucrative.

 

Intraday Chart

-NA-

Historical Chart

1st-May-2011–Pattern Study C, BAC, GS, WFC, UBS, FAS and FAZ

Ticker:

 

1. C, BAC, GS, WFC, UBS, FAS, FAZ

 

Topic:

 

1. If you refer back to the post http://stockaki.blogspot.com/2011/03/30th-march-2011pattern-studyc-bac-and.html, the prediction on the banks are somehow right on path
2. Now

 

Lesson Learnt:

 

1. FAS is forming a triangle. Need to decide where it will go first. Same goes for C.
2. FAZ is coming down to test its support trend line.
3. UBS form a double top pattern, however this stock looks most bullish among all.
4. BAS looks really weak. Now testing its support line $12.30.
5. GS looks even worse, broken down from the triangle that it formed. Also below all its MA lines. Looks more like a shorting opportunity.
6. WFC is the one that look much more healthier with the support now at 50MA line at $28.60
7. Monday might gives us indication whether we should go LONG or SHORT financial stocks.

 

Intraday Chart

Historical Chart

16th Sept 2010 – Another cutting on NanYang.

These are cutting on Lehman, GS and JP Morgan.

If you have bought in GS and JPM when it dipped, you will be ok now.