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 […]
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 […]
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.
Time for another foray. I think NCP has fallen enough to jump back in.
Nice profit for two weeks holding. For those who don’t want to work it out it is 6.48% before commissions.
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.
Glad to be out with a tiny profit. It will probably jump up a bit, but the trend is down.
It seemed too cheap.
Back from holidays and NCP is down again. So like a moth to flame I jump back in.
On holidays in Queensland and having a losing open position is stressing me. Sell so I can at least enjoy my holiday. Plus I can return and trade without waiting for my stocks to recover.