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Stock Trading => Trading strategies => Topic started by: Ian on July 15, 2010, 02:02:01 PM

Title: Bought ASX.SRE @ $0.053 on Thu 2010-07-01
Post by: Ian on July 15, 2010, 02:02:01 PM

Bought ASX.SRE @ $0.053 on Thu 2010-07-01

Reasons:

    * 60% single day growth for 23% owned asx:RCP yesterday
    * 22% price rise today (2010-07-01)
    * 2010-02-03 DCM DECOmetal has applied for the 50,165,250 shortfall shares at $0.15 each
    * DCM DECOmetal still has 53% ownership and Financial commitment asat 2010-06-29


Profile:
http://au.finance.yahoo.com/q/apr?s=SRE.AX

 :o

Title: Sold ASX.SRE @ $0.070 on Wed 2010-07-21 - Profit 32%
Post by: Ian on July 21, 2010, 11:05:17 AM

Bought ASX.SRE @ $0.053 on Thu 2010-07-01
Sold     ASX.SRE @ $0.070 on Wed 2010-07-21

Profit: 32.08% growth over a 20 elapsed day trade.

With an assumed trading overhead of 14 days out of the market, this allows for 10 such trades in a year.
Good trade - quite happy.  ;D

Price did spike as high as $0.075 (that would have been around 42% profit) but a pre-registered (and quite optimistic) sell was triggered automatically.

 8)