Graeme NewingSaturday 19 December Background No sign of any change in downtrends for precious, noble and base metals, nor for oil, iron ore and coal. Currencies remain in consolidation zones. Stock market indices in the US and Europe continue to look very bearish to me, and also most Asian indices, but Shanghai has not (yet) broken its short … Read more
Wednesday 16 December Today I sold out of four stocks on the basis that they had broken support or were not going anywhere. BFP (Bulletproof) sold at 38.5¢, purchased at average 25¢. CPM (Compumedics) sold at 39¢, purchased at 42¢ FGR (First Graphite) sold at 5.5¢, purchased at average 6.4¢ SSM (Service Stream) sold at … Read more
Today shares in digital speech and language technology company Appen (APX) clearly broke a well established 4 month uptrend line so I sold the holding at $1.68, making a useful profit on the purchase at $1.49 almost a month ago. The shares finished the day at $1.70.
Saturday 12 December The big picture My charting system is back up and running so I can now comment on the wider picture. I didn’t really miss much in the last couple of weeks. As yet there is no change to my bearish view of metal prices. Even the standout, palladium, is going to succumb. Crude … Read more
Friday 11 December There was very little change in the portfolio gains YTD for the second consecutive week, with a number of small gains and losses cancelling each other out. There were no purchases during the week while sales were undertaken in MLM and TCH. The week finished with cash standing at 17% of the portfolio … Read more
Friday 11 December Today I sold out of MLM at 8.5¢, making a useful profit on my purchase at 6.2¢ last month. The shares had broken down out of a short term uptrend line a few days ago, and yesterday’s announcement on the graphite grades did not excite me.
Monday 7 December Today I sold the remaining TCH at $2.09.
Sunday 6 December Commodities/forex Still unavailable I’m afraid. Indices Nothing of much note to add to prior comments. Remaining very cautious. Australian stocks Nothing much new here either, and anyway I have run out of time to do a great deal. One thing is that I would rather be be selling than buying shares in … Read more
Sunday 6 December The value of the portfolio did not change during the week. Gains in GMM up 40%, FIE up 13% and BRN up 12% were offset by losses in RYG down 15%, MLM down 14% and PSY down 14%. I note that those I sold during the week (PSY, RYG) finished higher, and the one I … Read more
Thursday 3 December PSY was sold at 15¢, well below the 22.7¢ I paid in September; RYG was sold at 4.5¢, a good profit on the 3.0¢ I paid in November; TCH was sold at $2.09, a small profit on the $1.90 I paid in October; the order was not completed because the price fell below … Read more
Sunday 29 November The portfolio was ahead marginally last week, after a decline in key stocks on Friday left YTD gains at 22% (on Thursday YTD gains were almost 25%). Good gains over the week were made by BPF (up 32%) and MLM (up 22%), while AKP, BRN and MTA each fell more than 10%. During the … Read more
Thursday 26 November Sold half the GMM at 15¢ and most of the SOR at 19.5¢, making a small loss on both, in order to make room for purchases. Bought into Compumedics (CMP, price 42¢, mkt cap $71m) at 42¢ based on a price breakout. Its business is selling small devices to measure brain patterns to … Read more
Wednesday 25 November Today I sold out of graphite hopeful Metals Of Africa (MTA) at 6.4¢ and bought into cyber security firm PS&C Ltd (PSZ) at $1.14. I had bought MTA at 7.3¢ earlier this month but it had lost short term momentum and I needed to free up some cash for some planned purchases. The … Read more
Saturday 21 November Background Gold (London fix $1,081/oz) hit a new low during the week on its way down to $1,000 or so. Silver did likewise. The collapse in base metal prices continued with new lows in copper, lead, zinc and nickel. I think there is much further to fall. I can envisage copper (currently $4,810/t) … Read more
Saturday 21 November The portfolio did quite well during the week, up 2.8%, taking financial YTD gains to 22%. A gain of over 50% was made by FIE, while gains of over 10% were made by MLM, TCH and SMA. Purchases were made in APX (which was actually a repurchase, at the same price, of a holding … Read more
Wednesday 18 November Today I sold out of ADV at 1.4¢, making a minor profit on the purchase at 1.3¢ last month. I felt the stock had lost momentum. Also today, I bought back the APX shares I sold a week ago, at the same price of $1.49. After reflection, I now consider that the … Read more
Saturday 14 November I had a bit more time on my hands today so have quite a long post this weekend. Commodities Gold finished the week at $1081, on support from the low in July, but I don’t place much store in this holding. There is better support at around $1,000. Copper, lead and zinc hit new … Read more
Friday 13 November During the week AJM, APX, IPD and ISX were sold, while purchases were made in AKP (adding to the existing holding), BRN (buying back some of what was sold in the previous week), CL8, FIE, MTA and RYG. GMM was sold \then repurchased, while AJM was sold, repurchased and sold once more. So … Read more
Friday 13 November Today I drew the shameful story of AJM to a close, selling out once more at 4.3¢, i.e.at a loss. It hit 4.0¢ after that but finished the day at 4.5¢. I had thought about hiding this one from you but no, this blog tells it all, warts and all. I bought … Read more
Thursday 12 November I seem to be running harder and harder with investments, churning and burning and churning and winning. It seems not a day goes past without two or more transactions, and today it was five! I am almost a day trader. I probably should take a step back, but I am hooked by the … Read more
Wednesday 11 November Today I sold the APX position at $1.49 on the basis that its chart pattern appeared to have broken down. I had purchased them at 90¢ in September so it was a good profit. They finished the day at $1.47. I also sold out of IPD at $1.00. They had been purchased in September at 95¢ … Read more
Tuesday 10 November Today I sold the holding in AJM for 4.6¢, making a small profit on the purchase price of 3.9¢ about a month ago. Already regretting it. I also bought into the following: Collaborate (CL8) purchased at 2.4¢, closed at 2.6¢, mkt cap $9m. Raya Group (RYG) purchased at 3.0¢, closed at 2.9¢, … Read more
Tuesday 10 November Yesterday I made the following purchases: Dubber (DUB) purchased at 48.5¢, closed today at 61¢, mkt cap $28m. Firestrike (FIE) purchased at 5.5¢, closed today at 5.5¢, mkt cap $5m. Metals of Africa (MTA) purchased at 7.3¢, closed today at 7.3¢, mkt cap $12m. Dubber is a startup saas tech offering voice … Read more
Sunday 8 November Well, gold ($1,104) did not take off after all. It did not break its downtrend and remains in downtrend. Base metals are still in downtrend, as is Newcastle coal, whilst oil and iron ore are still within consolidation zones. US equity markets have had a bear market rally, which is nearing its logical conclusion. … Read more
Sunday 8 November The portfolio did not make any headway last week but at least it did not go backwards, with YTD gains maintained at 18%. Good gains were made by ADV, PSY and APX but these were offset by a fall in BRN prior to sale. The biggest change was selling out of BRN – … Read more
Saturday 7 November Yesterday I bought the following stocks purely on the charts albeit I have one eye on whether their fundamentals could possibly allow for substantial gains: Big Un (BIG) purchased at 27¢, closed at 24.5¢, mkt cap $14.1m. Metallica (MLM) at 6.2¢, closed at 6.5¢, mkt cap $10.8m. Smarttrans (SMA) at 4.5¢, closed … Read more
Thursday 5 November This morning I sold the remaining BRN at 31¢. The shares had bounced from yesterday’s close of 28.5¢ and I decided to cash in my chips. I just feel that after the blowoff and correction on Monday through Wednesday, the stock may have a lot of work to do before going much higher. … Read more
Tuesday 3 November This morning I sold half the BRN holding at 35¢ because it broke the short term uptrend line earlier in the day. In fact it dropped to 32.5¢ at one stage. The stock is arguably still in uptrend on the daily chart.
Saturday 31 October The portfolio finished the week up a modest 0.8%. It went very well in the first couple of days, up 4.1%. But Thursday saw a fall and Friday was static. Best movers in the week were APX up 20% and BRN up 13%, but GMM fell 13% and PSY fell 11%. BRN is … Read more
Tuesday 27 October Today I sold ICQ at 81¢, making a small loss on the purchase at 83.3¢ earlier in the month. I also sold IPP at $3.42, making a small gain on the purchase at $3.28 earlier in the month. In both cases, I felt the shares had lost momentum. ISX fell heavily during the day and broke … Read more