Graeme NewingSunday 4 October The portfolio performed well last week, up 7% for the week and taking YTD gains to 6%. No transactions were undertaken so the fall in the cash position from 14% to 13% simply reflected the rise in the value of the stocks within the portfolio. By far the biggest riser in the week … Read more
Sunday 27 September General backdrop Gold’s rise during the week did not beak the downtrend, but of course denominated in AUD, gold is a different story thanks to the fall in the A$. At A$1,630/oz it is not far off the peak of A$1,727 reached in November 2011. All other metals remain in downtrends. Zinc hit a … Read more
Saturday 26 September During the week purchases were made in GMM, IPD, ISX and PSY, while the holding in VMT was sold. The portfolio recovered some value during the past week, leaving the YTD gain slightly negative. Highlight of the week was the relisting of Aziana (AZK) as BrainChip (BRN) and its subsequent 47% price rise. … Read more
Thursday 24 September Today I bit the bullet on VMT and sold at 29.5¢. While the fundamentals appear attractive, the chart is telling me otherwise. I also bought shares in lithium hopeful General Mining (GMM, 9.8¢, mkt cap $22m) at 9.2¢ based on a price breakout. Its partner Galaxy Resources (GXY, 3.4¢, mkt cap $38m) did … Read more
Tuesday 22 September 2015 Yesterday I bought shares in the following companies: Impedimed (IPD), price 95¢, mkt cap $279m. iSignthis (ISX), price 23.5¢, mkt cap $62m. Panoroma Synergy (PSY), price 23¢, mkt cap $116m. Today I bought the following stock: Ziptel (ZIP), price $1.33, mkt cap $82m.
Sunday 20 September Again, no change to the generally bearish view on commodities, likewise on equity markets. Aust Bauxite (ABX, 23.5¢) has rallied strongly over the last week or two but does not look convincing. Bionomics (BNO, 54.5¢) has broken its downtrend line. Some gold stocks have been great performers (e.g. SBM) and many look reasonably … Read more
Friday 18 September I forgot to post my portfolio last week, but here it is updated to the close today. Portfolio 150918. Good gains were made in AJX and NCT, and the portfolio value improved some 4%, but it is still down 8% for the YTD. No transactions took place this week and the cash position remains … Read more
Sunday 13 September No change to the bearish view on commodities. Most rallied a little. Stockmarkets are consolidating after their sharp falls. The US indices appear to be forming upwards triangles with resistance at around 1990 for the S&P500 and 16,650 for the DJIA. The other markets are less clear cut. Nothing else to say. … Read more
Tuesday 8 September Today I purchased some shares in Vmoto (VMT) at 40¢. The shares have cut a downtrend line drawn across three declining peaks from the May high of 53¢. Technically speaking it is a high risk buy until it clears 53¢, but at least the downward momentum appears to have paused. Please refer to … Read more
Monday 7 September Today I bought some shares in Appen Ltd (APX, price 90¢, mkt cap $87m) at 90¢. APX is a software company producing voice activated systems. Guidance for CY15 is for EBITDA of $9.6-11.2m on revenue of $68-76m based on an A$ at US73¢. The decision to buy was based primarily on the chart.
Saturday 5 September No change to my bearish view on commodities. The major currencies are fluffing around but both the NZ$ and the A$ closed at new lows. Main support for the A$ is at the US50¢ level at which it bottomed in 2008. I envisage it testing this level within 12 months. I remain … Read more
Saturday 5 September The portfolio slipped 1% in value last week which took the YTD losses to 12%. Overall pretty disappointing. On Monday I repurchased BPF at 34¢ and I doubled up on AJX at 93¢. The cash position is now 48%. None of the stocks has yet breached any technical sell signals (with the possible exception … Read more
Saturday 5 September I forgot to let you know that on Monday 31 August I repurchased the BPF at 34¢ and bought more AJX at 93¢. I also tried to repurchase some HUB at $1.80 but it ran away from me and of course since then it has gone through the roof.
Sunday 30 August No change to the generally bearish view on commodities. Gold has still not broken its downtrend so my view has not changed. All base metals bar tin hit new lows during the week before rallying. Palladium crashed through support at long last. Oil rallied to resistance. Iron ore fell early in the week then … Read more
Sunday 30 August It was a bad week for the portfolio, down 6% during the period and taking YTD losses to 11%. When the market tanked on Monday I sold most of the stocks and felt much better for it. Then on Tuesday I bought some stocks back at slightly lower prices. All well and … Read more
Tuesday 25 August I bought back these stocks in the first hour of trading at prices a little below what I had sold them for yesterday
Monday 24 August Going against what I said yesterday, today I sold most of the portfolio online within an hour or two of the open. Being a small scale trader gives me that flexibility and freedom. I still have AKP (because it was too thinly traded to sell all at the price I wanted) and … Read more
Sunday 23 August My portfolio review was published on Friday night. Since then of course US equities have suffered another sharp fall and it is possible we are entering a bear market. My first thought was to sell everything but I have decided to wait for the technical signals stock by stock. That is my system, … Read more
Sunday 23 August Well, it was an interesting week. Equities smashed downwards, most commodities too, except for gold which rallied. I had been bearish for some weeks on US stocks and that view came good with a vengeance. In my opinion US stocks have entered a new bear market, although that won’t be confirmed until the … Read more
Friday 21 August The portfolio fell 3% this week and for the YTD is down 4%. Not brilliant. The fact that the All Ords fell 2.5% in the week and is down 4.2% for the YTD is no comfort – I don’t care about the All Ords but I do care about my portfolio. There … Read more
Wednesday 19 August Today I sold the holding in Greenearth Energy (ticker GER, sale price 6.4¢, close price 6.5¢) because it looked as if the chart pattern was breaking down. I sold most reluctantly because the story is interesting.
Monday 17 August Today I bought into Alexium (AJX, purchase price 95¢, close 97.5¢).
Sunday 16 August Commodities A number of metals rallied a little during the week but my view remains negative. Oil (WTI) fell to a new low in the current bear market; currently $42.47 it would not surprise to see it fall to the 2008/09 low of $30-31. Iron ore and coal remain in bear markets. Currencies No … Read more
Saturday 15 August The portfolio staged a small improvement this week with good gains in DVI, EMG, SSM and TAS. For the financial year to date the position is square. During the week purchases were made in AKP and MRL, while BLT and TLG were sold. Click on the links below to view the details … Read more
Wednesday 12 August Today I sold out of TLG at 34¢, making a small loss, and with the proceeds doubled up on MRF at 6.5¢. TLG looks as if it might break down on the chart, and I am acutely aware, of course, that the German pilot plant must be commissioning by now. Are there … Read more
Tuesday 11 August Sold the BLT today at 83¢ for a minor profit and it finished the day at 77¢. I just didn’t like it that the Nasdaq raising was reduced to $10m. Thanks to Long Tail for alerting me.
Tuesday 11 August Yesterday I purchased shares in graphite hopeful MRL Corporation (ticker MRF, purchase price 5.7¢, close 5.7¢,mkt cap $11m) and some more shares to add to my existing holding in Audio Pixels (ticker AKP, purchase price $8.65, close $8.70, mkt cap $223m). I have held MRF previously and sold to raise cash rather … Read more
Sunday 9 August Commodities Most commodities of interest to Australian investors fell to new lows last week, among them copper, lead, zinc and nickel, while WTI closed at its low of US$43.87 for the week and in coming days could test the previous low of US$43.34 reached in March. If this support fails then a fall to the $30-40 … Read more
Sunday 9 August On Thursday I purchased shares in Talga Resources (TLG) at 37¢. I have held this stock in the past, having sold out at a small loss at 39¢ in June. Since then the price has continued to consolidate and looks well placed for an eventual move. There is very strong resistance around 50¢ … Read more
Sunday 9 August During the week AHZ, RNO and SFI were sold and ALU, DVI and TLG were purchased. The week finished with a cash position of 16%. The value of the portfolio increased by 1% over the week, taking YTD losses to 1%. Good rises were seen in EMG and TAS, while DVI disappointed. Details … Read more