Thursday, June 21, 2018

Trading Notes: what I'm waiting for

In this week:

Bought:
1) URC at 112
2) DMC at 10
3) added to TEL at 1200 and 1180.
4) GLO at 1580
5) a few weeks ago, RLC at 18. Will add again if RLC reaches this SRO price again.

BUT in small tranches first. 


Looking at

4) JFC to go 200
5) FMETF to be at 100
6) PGOLD to be back at 36-38


Plenty of more cash. Some stored in preferred stocks.

Foreigners are still selling, which is a signal not to come in, but I cant resist these stocks at these values. After all, Im waiting for this downturn for some time already.

My hedge is in the small entries. Will add as they go down a lower range. Nothing fundamentally wrong with these companies, except maybe the impact of TRAIN.

For newbies, wait to buy the index at 6500-6800 level.

Remember: you do not need to play in Bazurs to gain in the PSE. Just be patient.