November 22, 2001
This is my daily stock trading diary.
It is intended to illustrate the techniques used in
short-term share trading and should not be interpreted
as investment advice. Full terms and conditions can be found
US markets were closed overnight for the Thanksgiving
Oil prices rose 6% as Norway offers to cut production.
The All Ords closed slightly down at
3262 on low volume. The up-trend on the secondary
cycle still looks strong, with the 21-day
crossing to above
Metcash reports strong first-half results and declares its
first dividend since 1997. (more)
ALCOA is likely to make a direct bid to shareholders as WMC
stock price rebounds. (more)
Due to the tremendous response from investors, we are
transferring to a more powerful server. Please alert us if you
encounter anything unusual. There are bound to be a few
teething problems but the move should solve the slow
registrations and logins encountered over the past week.
The US market is entering an uncertain period. Tighten up
on existing long positions and avoid new
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