Sonova: stop-loss sell order

The Swiss stock exchange SIX does not allow simple stop-loss orders. Instead, a stop limit must be given in addition to the stop-loss trigger. As my bank does not allow online entry of stop orders I had to call them and gave a stop-loss sell order for Sonova (SIX:SOON) with a trigger of CHF 83.60, which is 5% below my purchase price, and a stop limit of CHF 70.00

Sonova: bought today

I bought Sonova (SIX:SOON) today at the open at CHF 88.00. The price had dropped substantially on 16 March following an earnings warning and subsequently some more following news of insider trading by some board members and executives of Sonova, and I figured this was a good time to by the stock.

Similar pattern for palladium and platinum

 


ZPAL and ZPLA show similar pattern in the 100-day chart. Both are estimated to open today below yesterday's close.

Platinum and Palladium

Today's issue of a Swiss investment newsletter has an interview with Mr. Erich Meier, head of raw materials at Zurich Cantonal Bank (ZKB), who said from from now on he prefers palladium and platinum to gold for this year. "They are driven more by the economic development, whereas gold is the perfect inflation hedge", he said. Like for gold, ZKB has ETFs for platinum and palladium.

On the Swiss exchange SIX:
ZKB Platinum ETF
Symbol: ZPLA >
ISIN: CH0029792709

ZKB PalladiumETF Symbol: ZPAL
ISIN: CH0029792683

On the US exchange NYSE Arca:
ETFS Physical Platinum Shares
Symbol: PPLT
Fund family: ETF Securities Ltd.

ETFS Physical Palladium Shares
Symbol: PALL
Fund family: ETF Securities Ltd.

CS ETF on SMI: sold today

Seeing little hope for the price to recover, I sold CS ETF on SMI (SIX:CSSMI) today at 15:47 hours at CHF 63.26. Profit: 3.7% in 11 days.

CSSMI heading for sell signal

I see a sales signal coming up for CS ETF on SMI (SIX:CSSMI). If it looks like it is going to close below CHF 63.72 today I will sell it before the close. Today's low so far is CHF 63.33 and if it falls below that during the afternoon I will give an order to sell at market.

Bear flag on OILB

First, the Libya situation drove the price of ETFS Brent Oil (LON:OILB) up, then the prospects of a regime change in Libya sent the price down again and the tsunami in Japan added to this trend with fears of reduced demand in that country, but a week ago it went up again. It is difficult to look for a buy signal for OILB and I wonder how much attention I should give to the bear flag that is forming at the moment.

Looking for a sell signal for SSSMI

It has been a week since I bought CS ETF on SMI (SIX:CSSMI) and I think it is time to draw a trendline to see the sell signal when it comes.

CS ETF on SMI: bought today

I bought CS ETF on SMI (SIX:CSSMI) at the open today at CHF 61.01

CSSMI opening estimate

Eight minutes before the opening, the opening estimate for CS ETF on SMI (SIX:CSSMI) is CHF 61.17

High opening estimate for CSSMI

Swissquote.ch estimates that CS ETF on SMI (SIX:CSSMI) will open at CHF 62.30, but this may yet change closer to the opening time. I am changing my buy limit to CHF 61.38, which was yesterday's high, expecting that if it opens higher it will close the gap during the first few hours of trading.

Gave buy order for CSSMI

I issued a buy order now for the CS ETF on SMI (SIX:CSSMI) with a limit of CHF 60.68, which was today's close, and plan to watch it at the open tomorrow to see if any adjustment is advisable.

Watching the SMI index

The SMI index started falling already a week before the tsunami in Japan, so the fear of reduced exports to that country can't be the only cause. There is obviously also the increased cost of production due to the higher oil price and export problems because of the low exchange rate for the euro and the US dollar. I am, however, considering to buy an ETF on the  SMI, for example the CS ETF on SMI (SIX:CSSMI), when the time seems right. It is difficult to interpret charts in the current volatile situation. Are we seeing the beginning of a world-wide downturn or is it just a temporary dip of the SMI?

ETFS Brent Oil: sold today

I sold the remainder of my ETFS Brent Oil (LSE:OILB) today at USD 61.00 at a profit of 47.2% in 200 days.

Sonova: sold today

I got cold feet and sold Sonova (SWX:SOON) today at the open at CHF 127.00, at a profit of 2.2% in 33 days. Regrettably, the bank through which I had bought it does not allow stop-loss orders, otherwise I would have given a stop order at CHF 126.65. I shall have to do my future trades through another bank.

Sonova: bought today

I bought Sonova (SWX:SOON) today at CHF 124.30, hoping that the price will rise substantially within the next few months.

GLD: sold today

I sold half of my gLD holdings today at USD135.20 at a profit of 12.4% in 200 days.

Holcim: sold today

I sold Holcim (SWX:HOLN) today at the open at CHF 66.50, resulting in a loss of 1.0% in 8 days. Yesterday's close gave me a sell signal.

u-blox: sold remaining shares today

I sold the remaining shares of u-blox (SWX:UBXN) today at CHF 49.20

Watching Meyer Burger

Meyer Burger (SWX:MBTN) may be getting interesting in a day or two. Both MACD and Stochastics could give a buy signal.