• Portfolio Management For December 4, 2013

    I closed AMTD trade yesterday at the low of the day. This was a poor decision, but it will not affect my possible entry again today into AMTD or IBKR. IBKR has a more interesting EV pattern. However, I will wait to see how the market acts during the day.

    One of the reasons I bought BAC at the close is that I now have two long positions, which will act as a brake on any hurry to buy more unless the whole market starts to act properly.

    You might have noted that in the past week, the stock selection system has continuously come up with PM miners on the short side and Banks/Brokers/Oil producers on the long side. I own one bank and one oil producer for now. This is enough exposure in the current market. I do not intend to buy more, except if hedged.



    MHR is even more interesting to buy here than it was yesterday!
















    Something I do on a regular basis is to review past leading stocks, because even if they have dropped off the list of the day, some could still look interesting.

    Below are the TA and EV pattern of some of these. As you can see, only NOK and ELY look interesting. I bought NOK yesterday, but I find ELY difficult to own in a dynamic portfolio because it is a rather small stock. (This NOK trade will not go in the Portfolio trade record, as I only consider the daily list for Portfolio trades.)