SLR Buy 09/01/2012

Bought $5k SLR @ $3.26 for all 3 portfolios at the open 09/01/2012

Cost = (1529 x 3.26) +15.00 = $4999.54

8th Jan 2012 end of week summary

Portfolios at close of trading Friday 6/1/2012

 P Taker $45648.44

P Hybrid $49323.07

P Runner $59485.73

I have only one stock RRL left in 2 portfolios.

It's a gold producer/explorer & has done well while the market as a whole has not.

The last 8 months have barely enabled me to test the two opposing market theories which are the whole point of this Blog, so it has now become a question of whether to continue this long only Blog or not.

The EFT GOLD & a few other gold stocks have risen as the market has fallen.

So I have decided that while my Market Switch is off, as it has been for the last 8 Months, I will take long positions when appropriate in the GOLD EFT & gold producers if they meet my criteria and at the moment GOLD EFT does not, but a few of the Gold stocks such as SLR,RSG & TRY do so.

It's a coin toss between them so I'll go for the one that has produced the best gains over the last year & that's SLR.

So once more unto the breach..

Buy $5k SLR in all 3 portfolios Monday at the open.

31st Dec 2011 end of week, month & year summary

P Taker

P Hybrid

P Runner

XAO Start 4846.884 Finish 4111.038 = 15.18% decrease 

Comparison of the 3 portfolios open equity for the Year

P Taker Start 49946.98 Finish 45648.44 = 8.6% decrease

                 

P Hybrid Start 56023.95 Finish 49253.59 = 12.08% decrease

P Runner  Start 65056.81 Finish 59207.81 = 8.9% decrease 

I would like to know how other traders fared last year, so if anyone else has a Blog or website with Buy & Sell signals posted before the trades are done, I would be very interested to hear from them.

27th Dec 2011 end of week summary

P Taker - Unchanged

P Hybrid

P Runner

We had a Dow Theory buy signal on Friday for the DJIA, but that would have been on low volume, still, we could have a low volume Xmas Rally!

No Buy signal yet for Australian Indices.

Last Trading Days 2011

18th Dec 2011 end of week summary

P Taker cash $45648.44

P Hybrid

P Runner

Still looks like things are shaping up for a Xmas/New Year rally - only 7 more sleeps!

Sunday 11th Dec 2011

P Taker

P Hybrid

P Runner

Still no green light, XAO didn't pass 4424 last week & that's still the critical level for my Market Switch in December.

I hope it gets blitzed this coming week 'cos my hands have gone numb from being sat on! 

Sat 10th Dec 2011

An interesting bit of crystal ball gazing for 2012 from UBS

http://www.scribd.com/doc/75245880/UBS-Cross-Asset-Overview

Sunday 4th Dec 2011

Mr Market appears to have read my blog & decided to show me just how far out of sync I am !

So if this rally continues next week & passes last month's XAO high of 4424 it will flick my Market Switch on.

If I'm to follow my system I will then have to put some risk on - time will tell.

Open positions

P Hybrid

P Runner

Cynical? Moi?

Not so long ago certain financial institutions were deemed too big to fail and got bail outs.

 Once you've started down that road you have to keep going, so, now we've got whole countries deemed too big to fail.

Reminds me of  "Oh look, this side of the Titanic is not even close to the water, lets move the deck chairs over here." 

We know how that ended..

27th Nov 2011 end of week summary

No buys no Sells, XAO Market switch still OFF 

"Tis the season to be jolly not the season to be long stocks!

P Taker cash $45648.44

P Hybrid

P Runner

"The garlic eaters don’t want to repay their debts, and the beer drinkers don’t want to lend them any more money"   Mad Hedge Fund Trader

20th November 2011 end of week summary

The potential uptrend lost momentum this week and we're back to sideways again on most major Indices

P Taker - Unchanged

P Hybrid

P Runner

No buys no sells -  such is life, as Ned once famously said.

Started this blog on 14/09/09 over two years ago when the XAO was at 4596.5

It's now 4246.68