arkk5 Feb 2011 03:01
STAM is in good condition but like all banks at the moment news could drive it either way, technicals look strong btw i see lately (not speaking last few days only) a different mood by the different banks, they tend to change direction and start acting independently, which is a very good sign for the banking sector.
In regards to DES i sold once at 44 which was a very good trade but i should of sold all of it, damn it i LACK discipline and i have been working on that for the last several months. I have patience for sure, i am patient as an elephant ;) but discipline and trade executions when i am supposed to execute thats what i lack, should i call it not been confident enough ... when in fact i had to do what i intended to do .. anyway just getting p11ssed off for few missed opportunities. Btw by the end of the next week des would be a buy i would say by wednesday, i think shorting will continue through monand tue and probably wed a bottom will be reached, i thought about 39-40p be a bottom but i should have trusted my technicals! But its risky to short as with the party it could explode any day now.
Btw in regards to party that 171 bottom was a fake one, i see volumes are positive finally, but definitely a confirmation would be needed. In regards to technicals only thing i am worried is for possible bearish diveregence on the stoch. The last 2 candlesticks formed a Bullish Harami pattern so maybe we have reached the bottom and wont go down to the botom of the channel. But with this share i will need not one confirmation but for sure 2, one day party does no suit me :)
Ok 3 am, spent several hours in reading and researching and looking at charts, got tired so off to bed