Tuesday, June 30, 2009

Trade 17: WPL gets screwed by Nigerians

Trade 17 in WPL was a loss of -$279.60

Whilst the technical indicators, and the general sentiment for oil was going down, the Nigerian terrorists decide to take over some pipes and make oil hit new highs.

I probably could've reduced earlier in the week.

Need to get a better portfolio - and need to add some risk - I'm only invested in WBC at the moment and it's been a really tough spot to pick up any trades in the ASX due to low volatility.

I'm sure there'll be more opportunities next week, as institionals start to show their hand after they've completed all their year end touch-ups.