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Stock Trading => Trading strategies => Topic started by: Ian on April 30, 2010, 01:17:17 PM

Title: Bought ASX.BTV @ $0.275 on Tue 2010-04-27
Post by: Ian on April 30, 2010, 01:17:17 PM

Bought ASX.BTV @ $0.275 on Tue 2010-04-27

Reasons:

• High volatility stock.
• Company undergoing capital restructure
• Price growth currently in a dip with upward potential.
• Growing Earnings Per Share (EPS)

Batavia Mining Limited (BTV) is an Australian investment and exploration company.

Title: 2010-09-20 - ASX Code changed from BTV into SHD, Sherwin Iron Limited
Post by: Ian on September 29, 2010, 10:06:03 PM

Refer to ASX change of details: http://www.asx.com.au/resources/codes/changes/2010.htm (http://www.asx.com.au/resources/codes/changes/2010.htm)

Title: SOLD ASX.SHD (was BTV) @ $0.23 on Wed 2010-09-29
Post by: Ian on September 29, 2010, 10:19:28 PM

Bought ASX.BTV @ $0.275 on Tue 2010-04-27
Sold     ASX.SHD @ $0.23  on Wed 2010-09-29


Profit: <16.3>% loss over a 155 elapsed day trade.

With an assumed trading overhead of 14 days out of the market, this allows for 2 such trades in a year.
Bad trade - unhappy.     >:(

Many stocks have been trading sideways for the last few months. Way too long in the market, taking a reduced loss while the change was there.
( Time is money, time to get out ).

This the first negative transaction closed out during this years batch of trades.