finally … the market did it and saw the reality of results
our chosen 53 basket of stocks which we always follow haven’t any advanced stock except BIOC.CA and 48 stocks record more than –3% today
all the active positions liquidated today except AITG.CA cuz the Up Gap and the stable performance, all of them closed in profit except ENGC loss of the half risk and CPCI closed at BE
this is the importance of tight stops in times like this
of course the pending orders list didn’t trigger any position today or gone near they entry points
many stocks will show Short tomorrow if the lows of today taken, some of them in the next table:
no interesting opportunities in the charts for the next week but you can look at ABRD, HRHO, IEEC, SKPC
in Thursday the gaps ruin most of the pending orders (as you know if you follow this blog from while, we neglect the breakout in the Gap case
and the rest of the positions initiated with 0.5% risk, they’re:AITG, ASCM, CPCI, DAPH, ENGC, GGCC and they will settle in Sunday and also liquidate if there will be any surprises in the market the next week
and the old positions we still have are in: CEFM, ECAP, GLAS, OSTD and NCCW liquidated as trailing SL hit with small loss
new published big report from BBC that tells the whole story of this case and sums it all, the most case manipulated and interpreted by the Media in the crime history
CAIRO (AFP) — A Cairo court on Thursday sentenced an Egyptian tycoon and a former policeman to death for the murder in Dubai last year of Lebanese pop diva Suzanne Tamim.
some stocks shows a weakness in those two sessions of the week and some reversals signs appeared on the charts may suggest the short run end is near
EFG Hermes tells before in its year book about some rallies in 2009 but it will be short lived rallies …
no one can see, so we can use this info to protect the profits and get out as soon as the market return to it’s way down again and if not we will found this as correction to initialize new positions again
and as we’re still in Bear Market so it’s wise to take care with the opposite side of it
here are some stocks with it’s short signals, any daily close under them signals closing the longs and reverse (or partially closing for MT and LT)
some stocks gave it’s signals today like TMGH (How’s Hisham Now) and PHDC (Palm Hills)
The trial of real estate mogul Hisham Talaat Moustafa and former police officer Mohsen El-Sokkary is set for Oct. 18, announced a Cairo court on Thursday.
The Cairo Criminal Court, headed by El-Mohamady Qonsowa, will review charges against the defendants in the murder of Lebanese singer Suzanne Tamim in Dubai on July 28.
Evidence submitted to the court by Egypt’s prosecutor general’s office reportedly include El-Sokkary’s confession of executing the murder upon orders from Moustafa. It also includes recordings of conversations between the two which were revealed by El-Sokkary.
Evidence collected by the Dubai police, including El -Sokkary’s blood-stained clothes found near the murder scene, will also be admitted.
when you speak about sectors and stocks also dislike the Europe, Asia and USA markets, MENA markets completely affected with the bad news, the whole markets collapses as the blue chips doing and didnt act the same on any run LOL
to see this look at the Egypt Exchange which has only one Green stock this week!(MEDU.CA +0.5%, illiquid stock), and you will see this in the Top/Worst performance sheet
also to count the week facts: 11 stocks made All Time Low, 30 stocks closed at OneYearLow, 22 stocks closed @ TwoYearsLow, 4 stocks at ThreeYearsLow, 3 Stocks @ FourYearsLow, and one stock closed at FiveYearsLow
with all means it was a very bad week and the action done in the last two sessions!
in EGX the most bad sectors were:
Real Estates (-18.68%) and this of course by the market big caps TMGH.CA, HELI.CA, OCDI.CA etc
the Industrial sector (-17.81%) win this score SWDY.CA, ALCN.CA, AUTO.CA, CSAG.CA
and if we can say there were a top performer stocks this week, we can say it was the Healthcare (-6.11%), Chemicals (-9.87%)
The results effect, EGX –3.3%
Posted by Ghareb on August 18, 2009
finally … the market did it and saw the reality of results
our chosen 53 basket of stocks which we always follow haven’t any advanced stock except BIOC.CA and 48 stocks record more than –3% today
all the active positions liquidated today except AITG.CA cuz the Up Gap and the stable performance, all of them closed in profit except ENGC loss of the half risk and CPCI closed at BE
this is the importance of tight stops in times like this
of course the pending orders list didn’t trigger any position today or gone near they entry points
many stocks will show Short tomorrow if the lows of today taken, some of them in the next table:
and the bad companies results continue today
Posted in Market Commentary, News, Pending Orders, Wraps | Tagged: 2009, AITG, BIOC, CPCI, EGTS, EGX, Egyptian Exchange, ELEC, ENGC, HRHO, IEEC, KABO, Market Commentary, MNHD, NCGC, OCDI, OCIC, ORTE, PHDC, PIOH, results, RTVC, SVCE, TMGH, UEGC, ZEOT, البورصة المصرية | Leave a Comment »