The following will be actions I might be taking this week. One thing that I felt that I should take note is the if a 3rd tier is being loaded, it must be a significantly lower value than the 2nd tier. Furthermore, I realize that it is actually quite difficult to buy once you see the rebound because more often than not, the rebound is certain only a day after the bottom. Because I trade based on End-Of-Day (EOD) data, I will only load on the following day, in which it will be higher.
Anyway, below will be the course of actions for this week. I feel that by doing this, it gives me more sanity as I won't be tempted to make rash decisions. For the course of actions, I will not touch on my long term counters, which are MMP Reit, STI ETF and Gld 10$US. (Note that the gold investment is not that sound as it based on US currency, which is losing value . Furthermore, the amount I got is not big enough to hedge it with forex. So I will liquidate it if I could top it up with STI or MMP)
CFD:
AdvSCT-
Course of Actions (29th October 2007 to 2nd November 2007) - 1. Price drop to $1.01 --> Top up using CFD as second Tier
- 1. Price increase to $1.25 this week --> Sell for profit taking
- 2. Price drop to $0.985 --> Top up using CFD for third Tier
- 3. Price drop to $0.950 --> A sharp cut in EMA and with sharp drop in MFI and MACD would trigger a sell (Can't quantify it as of now)
- 3. EMA cut down trigger --> Will sell regardless of loss (This is my fundamental cut loss trigger)
Cash:
AsiaEnv-
Course of Action (29th October 2007 to 2nd November 2007) - 1. As the EMA cut is gentle in nature, it does not necessarily mean that its a down trend, it just signifies the continual of consolidation. A price of $0.65 will cause the Tier 4 (CFD) to be loaded.
- 1. A price of $0.80 by this week will warrant some profit taking
- 2. A price of $0.635 will trigger a cut loss signal
PacAndes-
Course of Action (29th October 2007 to 2nd November 2007) - 1. Price of $0.78 will warrant a buy order for third and final tier
- 1. Profit taking will take place if it hits $0.87 this week
- 2. EMA cut is not an issue. The reason is the same as in asiaEnv
- 2. Sell trigger at $0.765
ChinaAOil- Course of Action (29th October 2007 to 2nd November 2007) - 1. Profit take partially if prices exceed $3.14 by this week
- 2. Trigger loss is at $2.55
- 2. Exit on sharp EMA Triggers
FerroChina-
Course of Action (29th October 2007 to 2nd November 2007) - 1. Profit taking if it exceeds $2.90 by this week
- 2. Exit positions on sharp EMA triggers
- 2. Trigger loss at $2.30
MiddleEastD-
Course of Action (29th October 2007 to 2nd November 2007) - 1. No profit taking as position held is too low
- 1. Loading of second tier will be reconsidered if EMA crosses positively. It is not confirmed as this is not one of my focused counters.
- 2. Exit positions on sharp EMA triggers
- 2. Trigger loss at $0.19
Boustead-
Course of Action (29th October 2007 to 2nd November 2007) - 1. No profit taking as position held is too low
- 2. Exit positions on sharp EMA triggers
- 2. Trigger loss not accurate due to low volume
Lyxor China H-
Course of Action (29th October 2007 to 2nd November 2007) - 1. No profit taking as position held is too low
- 2. Exit positions on sharp EMA triggers
- 2. Trigger loss at $22.86
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