[INTRA-DAY ACTION]
PSN trading statement looks dressed up - they haven't written down the value of any of their land, which just isn't possible. This could go up briefly, but with the rest of the housebuilders reporting this week, this sector is in big trouble.
Apart from that, opening auctions on a few stocks look quite bearish. CBG has just given a sell signal.
...
Woah, ok, it's a massacre in the market this morning, BAY opened up down 3.9% and I should be stopped out of that. Elsewhere ADN is down 3.6% (sell trigger), MPI down 6%, sell trigger on SGRO, EXPN sell trigger.
This is all on a flat FTSE.
Update 12:30 - This chart is a summation of the horrible trading conditions at the moment:
I took a big hit on this stock this morning. I even tried to cancel my stop this morning because I thought the drop was overdone, but CMC didn't accept, and actually executed the sell 1.5 points below my stop.
Update 15:30
BAY hit a daily high of 216.75, I'm angry and on tilt.
Apart from that, opening auctions on a few stocks look quite bearish. CBG has just given a sell signal.
...
Woah, ok, it's a massacre in the market this morning, BAY opened up down 3.9% and I should be stopped out of that. Elsewhere ADN is down 3.6% (sell trigger), MPI down 6%, sell trigger on SGRO, EXPN sell trigger.
This is all on a flat FTSE.
Update 12:30 - This chart is a summation of the horrible trading conditions at the moment:
I took a big hit on this stock this morning. I even tried to cancel my stop this morning because I thought the drop was overdone, but CMC didn't accept, and actually executed the sell 1.5 points below my stop.
Update 15:30
BAY hit a daily high of 216.75, I'm angry and on tilt.
0 comments:
Post a Comment