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speculative trading.
QW25071985
#51 Posted : Friday, July 01, 2011 6:16:28 PM
Rank: Veteran

Joined: 3/25/2011
Posts: 946
Aguytrying wrote:
mwekez@ji wrote:
mwekez@ji wrote:
Aguytrying wrote:
QW25071985 wrote:
Mumias shld be a nice play as you trade the correction maybe from 7.20 to 7.90 thereof ..not bad

true. Though i'd have liked to buy at 7.00 flat and sell at about 7.80. To increase margin and reduce risk.


7 and sub 7 you may get. Today it has done a 7.10 and the VWAP is 7.15


VWAP is now 7.05 (11.10am)

must admit, mumias was on my radar. But potential gain to 7.80 just a bit small for me.


heheheh. i get ur point . really not worth it. coz its just a 6% profit (inclusive brokers damage) up to 7.90 .
For Sport
#52 Posted : Friday, July 01, 2011 6:56:03 PM
Rank: Veteran

Joined: 12/23/2010
Posts: 1,229
@ Aguytrying & QW - 6% doesnt sound like much but doesnt the time frame also matter?
QW25071985
#53 Posted : Friday, July 01, 2011 7:20:46 PM
Rank: Veteran

Joined: 3/25/2011
Posts: 946
For Sport wrote:
@ Aguytrying & QW - 6% doesnt sound like much but doesnt the time frame also matter?


the time frame here is days. and thats just too little to bother with..We'll just keep looking for othger opportunities.
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