Thursday, July 31, 2008

Bought oceanus, boustead

10 lots oceanus @42c, 3 lots Boustead @ $2.35. Bought due to their holding up well during recent bear market. Sell if the stocks break their uptrend or the market turns down.

Oceanus: Quite hard to pick a level of support whose breach would mean the trend has changed. Cut loss below 36.5c, this is also the 50MA. Also cu loss if the pattern of 'moving up on high vol days' is broken.

Boustead: Cut loss below 2.18, as indicating a possible change in trend:

Looking to buy SP Chem.

Still waiting for pfood to breakdown to 83.5c, or break out of 93c

No comments: