Sold Meyer Burger

My limit sell order for Meyer Burger (SWX: MBTN) was executed at CHF 288.50 within the first hour after the open, in several instalments. Profit 1.5% within 26 days.

Sell order for Meyer Burger

I really should have sold Meyer Burger (SWX: MBTN) at the open on 2 April but I had not followed its trend. Looking at the chart just now I decided to place a limit sell order at CHF 288.50, which was today's close.

Bought Meyer Burger

My order to buy Meyer Burger (SWX: MBTN) at market was executed at CHF 284.00 and CHF 284.50

Meyer Burger: buy order

Shortly after the open today I placed a buy order at market for Meyer Burger (SWX: MBTN)

I have been watching this stock for some time and the trendline gave a buy signal three days ago. Yesterday's doji gave me some doubts but today's open was strong and prompted me to buy this stock.

Bought hedge fund Reichmuth Matterhorn

I received confirmation today that my order to buy the hedge fund Reichmuth Matterhorn (ISIN No. CH0015193656) was executed on 27 February at CHF 4,161.35

SILC stopped out

Today, also Silicom (SILC) stopped out and was sold at USD 11.6001, with a loss of 8.6% in 5 days.

The high of USD 13.14 on Friday had given an activation price of USD 11.826 on my 10% trailing stop.

Sold UBS

After I bought UBS (NYSE: UBS) on 10 March at USD 28.91 the price rose to a high of USD 31.45 on 12 March, creating an activation price of USD 28.30 for my 10% trailing stop. This was triggered today at 11:21 EST and my stocks got sold at 11:22 EST at USD 28.17, with a loss of 2.6% in 4 days.

Bought Silicom

My order to buy Silicom (SILC) at the open was executed at USD 12.69 .

I place a trailing stop at 10%

Silicom:placing buy order

Silicom (SILC) gave me the expected buy signal yesterday, closing at USD 12.54, and I have now placed an order to buy at market at the open today.

I place a trailing stop at 10%

Evaluating Silicom

Silicom (SILC) yesterday closed the gap-up created on 28 January 2008 and the price has been on the rise since the open this morning. This stock could become a candidate to buy at the open tomorrow.

Bought UBS

My order to buy UBS at USD 28.91 got executed at 09:41:45

I place a trailing stop at 10%.

UBS long position liquidated

I found out only now that Ameritrade used the short sale of UBS I made on 19 February to liquidate my long position for the same quantity. This means that the UBS shares I bought on 16 June 2007 at USD 61.69 were effectively sold on 19 February at USD 33.6901, with a loss of 45.4 % in 248 days.

The limit of USD 28.91, at which I had intended to buy to cover my short position, was reached on three occasions today, at 14:22, 14:24 and 14:39-14:40 EST. As I was out when the email of Ameritrade advising me of the inability to execute my order to buy to cover arrived at 13:58 EST I was unable to buy UBS back at 28.91, which would have had the same monetary effect as holding the long position and carrying out the short sale and purchase to cover as I had intended.

I have now placed a limit order to buy UBS at USD 28.91, roughly the equivalent of CHF 30.

Roche pays dividend

Roche (ROG) paid a dividend of CHF 4.60 per certificate today.

Evaluating Silicom

After I sold Silicom (SILC) on 4 February 2008 the price moved sideways and in the last few days dropped. I plan to keep an eye on it for a possible new purchase.

SaraSelect fund

In today's CASHdaily I read a German-language article about the SaraSelect fund (ISIN code: CH0001234068) and subsequently I read the fact sheet of this fund. As I like the prospects, I place a buy order.

UBS continues to fall

The price of UBS approached my limit to buy to cover yesterday. The low for the day was USD 29.25; my limit is USD 28.91.

The German-language newspaper CASHdaily had an article saying that JP MOrgan estimates that UBS will have to write off another CHF 18.5 billion of bad debts, which will make a second cash infusion necessary. Another possibility would be to split UBS up and sell some parts, according to Andreas Venditti, analyst of Zürcher Kantonalbank.

UBS: changing limit for buy order to cover

To adjust for the drop in the exchange rate for USD I increase the limit order to buy UBS to USD 28.91, this being today's equivalent of CHF 30.00

Novartis pays dividend

Novartis (NOVN) paid a dividend of CHF 1.60 per share today.

Sold Swatch

My order to sell Swatch at the open was executed at CHF 61.50, with a gain of 8.8% in 42 days.

Sell signal for Swatch

Swatch (UHRN) closed below the trendline today and I change my stop-loss order to an order to sell at market at tomorrow's open.