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Stock Trading => Trading strategies => Topic started by: Ian on September 29, 2010, 11:55:16 AM

Title: Bought ASX.RCP @ $0.021 on Thu 2010-08-19
Post by: Ian on September 29, 2010, 11:55:16 AM

Bought ASX.RCP @ $0.021 on Thu 2010-08-19

Reasons:

Listed on OzSuper extreme reporting 2010-06-30, Gains(3), Loss(1).
High grade copper miner
Very low on all time price history.

 ;D

Title: SOLD ASX.RCP @ $0.027 on Tue 2010-09-28
Post by: Ian on September 29, 2010, 12:01:29 PM

Bought ASX.RCP @ $0.021 on Thu 2010-08-19
Sold    ASX.RCP @ $0.027 on Tue 2010-09-28

Profit: 28.57% growth over a 40 elapsed day trade.

With an assumed trading overhead of 14 days out of the market, this allows for 6 such trades in a year.
Fair trade - happy.    ;)

Many stocks have been trading sideways for the last few months. This stock may continue to go up, But a decision to take profit while it is there.