After my period of self-imposed exile it's time to get back on the horse......My AmiBroker software is now spewing out buy and sell signals and although some further tweaking is required, I'm able to quickly locate potential stocks to invest in. Purchasing AmiBroker has definitely improving the efficiency of the AtticMan Trading operation. I can upload and analyse over 400 End of Day prices in about 10 minutes. I'll go into more detail on exactly what and how I'm scanning, but in essence the strategy has not changed since I blogged about it earlier this year
Orders placed tonight;
Spice (SPI.L)
- Utility Support Services.
- Income growth yr on yr (04-09).
- Weekly and Daily uptrend.
- This is a low volume stock, so spread may be an issue.
- Rating - Strong Buy
My order details;
Buy Limit @ 64p (Pullback to just above 8EMA)
Stop - 51.47p (Below recent Trading Channel)
Target - 80.47p (Potential Resistance)
Position size - £13/point. (£13 * 13pts = £166)
Max risk - £166 (1.5% of The AtticFund)
Lonmin Plc (LMI.L)
- South African based Platinum company.
- Income growth yr on yr (04-09).
- Weekly and Daily uptrend.
- Looking for Pullbacks to 1314 for entry.
- Rating - Strong Buy
My order details;
Buy Limit @ 1315p (minor pullback to 8EMA)
Stop - 1215p ('Artistically placed' below 4 day lows)
Target - 1631p (Potential Resistance - Triple Top)
Position size - £1/point. (£178 - note: not using guaranteed stop on this one at extra spread would be 10 points)
Max risk - £178 (1.6% of The AtticFund)
Stocks on the watch list
Fresnillo (FRES.L)
- Mining & associated activities (Non-ferrous minerals).
- Income growth yr on yr (04-09).
- Weekly and Daily uptrend.
- Looking for Pullbacks to 654 for entry.
- Rating - Strong Buy
McBride Plc (MCB.L)
- Personal Care products.
- Steady income growth yr on yr (04-09).
- Currently too far from value entry.
- High Debt/Equity Ratio is concern.
- Looking for Pullbacks to 130 - (will then reassess)
- Rating - Medium Buy
Homeserve Plc (HSV.L)
- Insured repair & Emergency services to the home.
- Steady income growth yr on yr (04-08).
- Loss in 09.
- Currently too far from value entry.
- Looking for Pullbacks to 1277 (will then reassess)
- Rating - Medium Buy
Telecity Group Plc (TCY.L)
- Pan European data centres.
- Steady income growth yr on yr (06-08).
- Looking for Pullbacks to 282 (will then reassess)
- Rating - Medium Buy
Premier Oil Plc (PMO.L)
- Oil and Gas exploration.
- Steady income growth yr on yr (04-08).
- Looking for Pullbacks to 1041 (will then reassess)
- Rating - Medium Buy
