Recently invested in FXCM stock.
After the whole Swiss Franc saga, FXCM had problems meeting its capital requirements. Then came a loan deal from Leucadia National Corp which sort of rescued it. You can read more of what has happened on its wikipedia site.
I just think they have a very good business model and are still making tons of money.
Hopefully I'm right, haha.
Sharing my investment opinions/trade ideas as well as rationalizing them in words. All posts are personal opinions and do not constitute a recommendation to buy or sell any financial instrument, or to make any investments. Readers should do your own due diligence at all times.
Thursday 19 March 2015
Wednesday 11 March 2015
Prospect Capital (PSEC) Risks Ahead
So I've been holding this stock for the longest time. It pays a very good monthly dividend of >13% annualised.
Since my last posting, the stock has been holding steady within the $8-$9 range. Recently there has been new developments that may be cause for concern.
Here's the view from Seeking Alpha and here's another from The Motley Fool.
Hopefully it can continue to move upwards.
Since my last posting, the stock has been holding steady within the $8-$9 range. Recently there has been new developments that may be cause for concern.
Here's the view from Seeking Alpha and here's another from The Motley Fool.
Hopefully it can continue to move upwards.
Saturday 7 March 2015
FX Trading - Repeat Offenders
One extremely bad habit that I still cannot seem to rid myself off is having that indiscipline to prevent history from repeating itself.
This has gone on for very long time.
I know I trade too frequently. I know trade too large sizes. I know I trade irrationally. Yet every time I consciously cut this down and reduce the above mistakes to a bare minimum, it's just rears it's ugly head once in a while to make me regret all over again.
Granted, with my low level of determination I have somehow managed to reduce the frequency of such recurrences, but each time it happens again I just feel like beating myself up all over.
I really need to stop this somehow before I end up losing my pants.
Self-discipline and emotional control, an FX trader's worst nightmare.
Tuesday 3 March 2015
Charisma Energy Services Update III
Since my last Charisma Energy posting, its current price has dwindled to the current 0.022/23
How terrible!
It has dropped below the 0.025 mark where the warrants strike price is. As such the warrants are definitely worthless now and it would make sense that sellers will now want to turn the support into a resistance level, to prevent the share float from expanding by >10%. This would mean we will see sub-0.025 prices for at least till end 2016.
WTF.
Anyway, here are it's latest unaudited results for FY2014. Probably the catalyst for the breach of support.
How terrible!
It has dropped below the 0.025 mark where the warrants strike price is. As such the warrants are definitely worthless now and it would make sense that sellers will now want to turn the support into a resistance level, to prevent the share float from expanding by >10%. This would mean we will see sub-0.025 prices for at least till end 2016.
WTF.
Anyway, here are it's latest unaudited results for FY2014. Probably the catalyst for the breach of support.
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