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Strategies & Market Trends : Underexposed Technical Analysis

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To: Underexposed who wrote (161)9/9/2017 5:31:48 PM
From: Underexposed1 Recommendation

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toccodolce

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Update of Fantasy Portfolio as of Sept 8, 2017- with discussion on IAG

Well I purchased IAMGOLD at the price I wanted $7.20/share but it dropped to $7.05/share so I could have done better.

If this was a real purchase I would have used a L2 charting service to watch the progress of the share price on a 3 minute basis.

I use this service because it is reliable and also does Canadian stocks

Level2stockquotes

Here is the final day chart for IAMGOLD - IAG

here is the chart for Friday Sept 8




If you read my previous posts about Bollinger Bands, you will know I use this overlay for many decisions. The dotted line in the middle is the 20unit(3min) SMA. As long as the share price lies below this line... the odds are that the share price will continue to fall.

There are many places where there was a brief excursion above this line and those could be places to make a purchase. But the sure place of reaching a bottom in this decline is at the small circle. See how the share price is now consistently above the 20unit sma?? now look at the larger circle... See the strong divergence of MACD above its signal line.

That would have been the optimum time to place an order and you would get it for somewhere between $6.95 and $7.00/share.... far better than just guessing as I did on Thursday.

Anyway, That is what I would have done for real... but this is just fantasy and I am still registering profits despite these small mistakes :)

Here is how the portfolio stands now:


Underexposed Fantasy Portfolio Value





Initial:
$100,000.00

Cash :
$12,601.39




Date Value %Gain/Loss
28-Apr
$100,000.00

5-May
$101,693.87
1.7%
12-May
$102,748.72
2.7%
19-May
$101,254.65
1.3%
26-May
$102,355.65
2.4%
2-Jun
$103,159.70
3.2%
9-Jun
$102,136.79
2.1%
16-Jun
$103,365.54
3.4%
23-Jun
$103,639.69
3.6%
30-Jun
$102,936.59
2.9%
7-Jul
$102,430.64
2.4%
14-Jul
$103,988.74
4.0%
21-Jul
$105,716.34
5.7%
28-Jul
$104,171.04
4.2%
4-Aug
$106,296.89
6.3%
11-Aug
$105,091.34
5.1%
18-Aug
$105,218.34
5.2%
25-Aug
$106,233.39
6.2%
1-Sep
$105,558.19
5.6%
8-Sep
$106,352.19
6.4%



Current Portfolio as of Sept 8, 2017


















Ticker Company Shares Price Value % Gain/loss











ETG
Eaton Vance Global Dividend income fund
590
$16.79
$9,906.10
0.24%
NOMD
Nomad Foods Ltd
760
$15.12
$11,491.20
15.24%
ECC
Eagle Point Credit Co. Inc.
490
$20.69
$10,138.10
1.42%
VMO
Invesco Municiple Opportunity Trust
750
$13.28
$9,960.00
0.68%
BGCP
BGC Partners Inc.
780
$12.93
$10,085.40
6.95%
CROX
Crocs Inc
3000
$9.37
$28,110.00
-0.64%
IAG
IAMGOLD
2000
$7.03
$14,060.00
-2.36%




























Total
$93,750.80



Here is the chart on our progress. As you can see we are nudging a higher high... nice!





We still have cash for one more purchase. It might be MBT... I will look at my scanner during the week and see what turns up.

******************************************************************************************************************
If you have a stock and you want my comments on it, you only have to ask and I will do it the next day.

******************************************************************************************************************

Good Trading
Underexposed
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