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Trading Diary
February 28, 2002

These extracts from my daily stock trading diary are 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 at Terms of Use .




USA
The Dow made early gains but retreated in the afternoon to close down at 10106 on strong volume.
The Nasdaq Composite index fell more than 1% to close at 1731.
 
Gateway
The computer manufacturer warns of losses as high as $250 million in 2002. (more)
 
Australia - ASX
The All Ords closed down at 3359 on strong volume. The MACD and Slow Stochastic are still below their signal lines.
 

 
Anaconda [ANL]
Anaconda Nickel will be in default to bond-holders after reporting a record first-half loss of $457.5 million. (more)
 
Flight Centre [FLT]
Despite difficult circumstances, the travel group posted a 12% rise in revenue and a 20% increase in half-year profits. (more)
 




Conclusion
 
Short-term: Avoid new entries until there are positive signals from the MACD and Slow Stochastic.
Long-term: Wait for the US uncertainty to clear.
 
 
Colin Twiggs
 
 
P.S. We are trying out new Email software. Please report if you experience any problems with the trading diary.
 
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