Sold Osim

15 lots at 0.92 on 22-Apr-10.

It was (and still is) not completely certain that the stock is undergoing distribution:

• Was only one day's selling.
• Market fell heavily, and broadly that week too.

So hard to tell....One reason for selling was because of the high drawdown (stop loss at 0.87).

Don't think this trade was a mistake... it just didn't work out.

Bought OSIM, Parkway

Osim:

• Breakout after flat for 3 weeks.
• Bought 15 lots @ 95.5 cents

Long term chart shows next resistance at $1.12:


Short term chart shows previous low at 87.5c (cut loss slightly more than 8%):


Parkway:

• bought 5 lots @ $3.25
• healthy retracement, still in uptrend. Support probably 3.20 (MA).
  

[Updated 25/Apr/10]

It has retested 3.14 twice since then. This level is also a previous high.

Was a mistake to buy this too soon, before the support became apparent, by retested at least once... or having a clear low..., which we still don't have, so not sure if this is it.

Still, the retracement is healthy:

• low vol
• Did not fall much in the broad-based selloff that lasted the whole of last week.
  

Will hold for now.

Accumulation is more apparent on weekly chart.

Fortis is still accumulating, up to 25% by 29th Mar.