Yanlord: close but not convincing

Was tempted to buy, but on second look, price/vol behaviour is unconvincing.

Bought Yanlord

Fri 14th Aug 09, bought 4 lots @ $2.53

Was near support, and MACD histogram turned green.

Am having second thought now, due to the behaviour of the SSE.....Also not sure if the price/vol behaviour of the stock is correct - it fell in high vol in early Aug.

Selling

Started selling.

Wed 18th Jul:
- 8 lots Wheelock@ $1.55, 2 lots $1.54 (cut thru $160 sppt)

Thurs 19th Jul:
- 11 lots pfood @57.5
- 2 lots venture @6.98
- 3 lots SIA Eng @2.65
- 4 lots Yanlord @2.40
- 1 lot SGX @ 6.99

Still holding Boustead, Cambridge, A-REIT, RMG, Midas

Picking oversold stocks in an uptrending mkt: 4-red 1-green

Mkt has consolidated over the past 2 weeks, used the opportunity to jump on board - week 11 of this rally. Aim is to find a good entry point for individual stocks - oversold, or at least not overbought, in case the trend turns and I have to cut loss.

Some examples below, four-red one green indicator. Lets see how they work out in future:

Keppel:


CIT:

Midas:

SIA Eng:

Yanlord:
Looking at +ve MACD crossover: did not seem to work so well in a strong uptrending market as it gave signal only during/after large move. Interesting example from RMG below: