Sunday, 29 March 2009

Centamin Egypt - Trading update

Centamin is doing great. Up nearly 18% since I went long.

That is a good gain and my swing trading experiences are screaming at me to close this position and book a profit. I've never been in a position on an instrument which made an 18% gain before, my previous best was a Soybean trade that made 8%, but that was much more short term trading than the strategy I am trading now.

The AtticFund is designed to be more long term and Centamin has great potential over the next year or so and I remain bullish. The candles are still bullish in the short term and with resistance at 65-70, I'd expect to see it test that at some point in the next 2 weeks

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