trade updates
SMM.AX - Summit Resources Ltd, has had a bit of a retrace as expected.
the good thing is that this has been on declining volume, which means that the bulls are still willing to hold. the next few days should make it clear where this one is headed.
ING.NZ - ING Property Trust, had a divie record date on friday, so the closing price of $1.20 should see it open around $1.175 on monday. I expect the recent strength to continue, and wouldnt be surprised if it trades around $1.20 on monday anyway. I have raised my trailing stop to $1.16.
the good thing is that this has been on declining volume, which means that the bulls are still willing to hold. the next few days should make it clear where this one is headed.
ING.NZ - ING Property Trust, had a divie record date on friday, so the closing price of $1.20 should see it open around $1.175 on monday. I expect the recent strength to continue, and wouldnt be surprised if it trades around $1.20 on monday anyway. I have raised my trailing stop to $1.16.
posted at: 9:53 am
4 Comments:
I do not realy understand all the numbers... do you do econ like stuff for a job or dose it just intrest you?
both...i trade the stockmarket for a living, and i am also interested by the psychology of the markets.
Thats crazy i played the stock market game in econ. I lost pritty bad.
some stock prices go up, some go down.
to make money, you buy, then hold on to the ones going up, and sell the ones going down. crazy but true.
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