WealthEsteem.org Psychology of the Deal

Author: dreamspinner

  • Sell 920 NCP @ 10.85

    NCP opened at 10.90 (up 0.32) and slid down to 10.79 at midday. The entire portfolio is in profit. But I don’t think things have bottomed yet. So I decided to sell half the NCP holding at a close to high price of 10.85 at 3:00pm. I am overweight NCP and that exceeds the 3%…

  • NCP Market Commentary

    NCP ran up to 10.62 in the first 40 minutes of trade. 10.77 is the price target for the parcel I bought on 25 June. Can it hit it? Maybe. An hour later it’s dipped and come back up to 10.64. Looking good until it stops dead and trades in a 10.58 to 10.60 range…

  • NCP Market Commentary

    NCP open $10.05, close $10.12, high $10.26, low $10.01 Another roller coaster. By 1:30pm it was on its highs. Sell target is $10.46 or $10,000 worth around $10.17 tomorrow if it doesn’t do much (that’s not likely). That will give me the 3% return. Hmmm time to rethink, maybe I should sell after a down…

  • Buy 5745 ALZ @ 1.40

    ALZ is Australand. They are property developers. At a Freestyler Network meeting in late July, I was told ALZ paid a 3c fully franked quarterly dividend (ex-div 9-Aug) and the stock was around $1.40. Downside analysis should it become a long term hold: An annualised 8.57% yield before franking credits. My overall portfolio is underweight…

  • Buy 1010 NCP @ 9.85

    Ouch another fall. Maybe I’m trying to learn Dollar Cost Averaging? I think it is not a good strategy for a trader. The case for is at Motley Fool. The case against is at Investopedia University.

  • Buy 950 NCP @ 10.46

    Time for another foray. I think NCP has fallen enough to jump back in.

  • Sell 820 NCP @ 12.99

    Nice profit for two weeks holding. For those who don’t want to work it out it is 6.48% before commissions.

  • Buy 820 NCP @ 12.20

    I’ve been trading NCPDP and other stuff without much success over the last month (nor keeping a diary). I return to a stock I think I know something about. But my position size is scaled back to $10,000.

  • Sell 2602 NCP @ 12.80

    Glad to be out with a tiny profit. It will probably jump up a bit, but the trend is down.

  • Buy 652 NCP @ 11.96

    It seemed too cheap.