Monday 22 December 2014

$500,000 dollar project Begins

Yesterday, I have complete my ETF position on my $500,0000 dollar project. Instead of waiting for the 2823 to pullback to 50 day MA. I fill out the rest of my position when the price rally to new 52 week high and breaking the latest resistance. The reason for this is, I am not sure when is this ETF going to pull back, it appear really strong. And another reason is I think buying at $12.62 is still good value with the fact that the price range for 2823 is $8 to $28. With this in mind, I purchase 32000 shares of 2823 at $12.62 per share. Article by Macao Millionaire Doctor

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