lol Iron Man, as i said a high risk play, based more on fundies than anything else, if the d/e is slashed I will be exiting if it is maintained happy days. Will find out one way or the other soon. It really is a longer term yield play, I'm willing to hold a decent capital loss for a while as long as the d/e is getting paid and I'm only risking a very small % of capital on it.
Are you still short SEK and long AND? Both good trades especially the AND one.
AND exited this morning with a Trailing stop @ 1.60, Had alot of good profit that I wanted to bag. maybe another opp later.
Current positions SEK 12.78 short, OST 1.98 short, CUS 1.51 long (this has a 52 week high), SRL .87 short, BLD short 2.98.
Yesterday sold out all positions to take all profits off the table.
The reason was the chances of Dow bounce very high and profits from shorts. Plus I can re-enter as last week of Cityindex no commissions. However this was not trading the system as my account is small and needs pumping up.
New holdings - FLT short, - CWN long - OZL short - HHG long- ALL -long
regret selling CUS but thats life, could re-enter later
current positions - Have a mixed bag of stocks. longs - CSL,Glouster coal ,cellectis,CWN,HGG, ALL, Shorts - Macather coal,TLS, BSL,OST,AIO,FLT,OZL
Bought also TOL for report day @ 4.81 sold 5.18 for a nice day trade. Will have orders for breakout for tommorrow.
OZL is the one that might hit me hard but I have also a buy order if it goes the other way.