Graeme NewingFriday 23 October It was another good week for the portfolio, up 4% to a YTD gain of 17%. Good gains were made by ISX up 25%, SSM up 13% and BRN up 12%. In contrast, AJM fell 10% and is toying with breaking an uptrend line. Sales were undertaken in AJX in which I sold … Read more
Wednesday 21 October Today I sold the ZIP holding at $1.15 after they broke a key uptrend line. Unfortunately that was the low for the day and they finished at $1.205. Always the way. I console myself, though, with the fact that the uptrend line has been broken, and decisively so.
Monday 19 October Today I sold half the holding in Alexium (AJX, 92¢) at 92¢. Although the news flow is all positive the stock has lost momentum and I needed to sell something to finance other transactions. And I would rather trust the chart than the news. I also bought back at 33¢ most of … Read more
Sunday 18 October Background The rally in gold (London fix 1181) has broken a short term downtrend line. Is the bear market over? Too soon to tell. Base metals have rallied but arguably remain in downtrends. Oil and iron ore remain in consolidation zones, coal remains in downtrend and uranium continues to show potential for a … Read more
Sunday 18 October The portfolio did well in the past week, rising in value by 5% to bring YTD gains to 13%. Of particular note were large gains made by AJM and GMM, and it is probably no coincidence that both stocks are lithium hopefuls. No sales were made, but on Monday purchases were made … Read more
Monday 12 October Today I purchased shares in iCar Asia (ICQ, 82.5¢. mkt cap $205m) at 83.3¢ and shares in Touchcorp (TCH, $1.85, mkt cap $215m) at $1.90. Both had broken out on the charts.
Sunday 11 October Background Gold (pm fix $1151, Comex $1155) rallied during the week but remains in downtrend. However silver (Ldn fix $15.99) shows tentative signs of breaking out. Base metals remain in downtrends, even zinc (LME cash $1824) which rallied strongly. Crude oil (WTI $49.67) is still consolidating in a broad zone ($40-60). Likewise … Read more
Friday 9 October During the week half the BRN holding and all of the NTC holding was sold, while purchases were made in AJM, IPP and PPS. The portfolio made modest gains over the week, bringing the YTD gains to 8%. Falls in BRN and NTC were offset by good gains in AJM, AKP, GMM, IPD and … Read more
Friday 9 October Today I purchased some shares in fintech company Praemium (PPS) at 32.5¢. I have owned them in the past so am familiar with the story. In recent days they have broken a short term downtrend line and are within and close to their long term uptrend line.
Thursday 8 October Today I bought into Altura Mining (AJM) at 3.9¢ and iProperty Group (IPP) at $3.28.
Wednesday 7 October Yesterday I sold half the holding in BRN at 32.5¢ on the breach of a short term uptrend line, making a nice profit on the purchase price of 17.5¢ on 15 July. Today I sold the holding in NTC at $1.515 on the breach of a short term uptrend line, making a … Read more
Sunday 4 October Market background All metals remain in downtrend with the exception of Palladium ($659) which has rallied strongly since its false breakdown below support at $570. Oil (WTI $45.55) and iron ore ($54) continue to trade within broad consolidation zones. Coal Newcastle ($56.70) remains in downtrend. Nothing of much long term importance in currencies. The … Read more
Sunday 4 October The portfolio performed well last week, up 7% for the week and taking YTD gains to 6%. No transactions were undertaken so the fall in the cash position from 14% to 13% simply reflected the rise in the value of the stocks within the portfolio. By far the biggest riser in the week … Read more
Sunday 27 September General backdrop Gold’s rise during the week did not beak the downtrend, but of course denominated in AUD, gold is a different story thanks to the fall in the A$. 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