It was a bad day for bears, especially for the more recent converts. We struggle on, taking solace with the thought that this is merely a classic rally up to the level of resistance, which will be followed by a still lower low. Famous last words.Trading portfolioThe portfolio fell 0.4% today largely because, given the … Read more
Trading portfolioSold a few more of the RFT at 3.1¢ today but the order was not quite completed, leaving the stock with an insignificant 0.1% portfolio weighting. The cash position rose from 81% to 83%.The portfolio fell a marginal 0.1% in value today, with a fall in BBOZ -1% broadly offset by a rise in … Read more
Trading portfolioI sold more stock today, comprising 3DP at 3.9¢, ASH at 24¢ (the balance), BGL at 36.5¢ (the balance), FGROC at 5.0¢, IMA at 10.5¢ and RFT at 3.1¢ (in part). It was a struggle because these stocks are thinly traded.The cash balance has increased from 64% to 81%. The BBOZ I bought yesterday … Read more
Trading portfolioLast night the major US equity indices cut their February lows, which I saw as key support. Under the circumstances I felt I had no choice but to undertake wholesale selling in the portfolio to mimimise risk. After all, it is a trading portfolio and if need be I can always buy back. Most … Read more
Trading portfolioThe portfolio was unchanged in value today, with rises offset by falls. Biggest positive was CYL +3% which rose 5¢ to $1.70 but that is probably unsustainable given the quotes of $1.58/$1.70, while a further rise in MSV +5% also helped. Biggest negative was BGL -5% and the stock is now clearly in downtrend.That … Read more
Global marketsLast night the key US equity market indices, being the DJIA and the S&P 500, fell to their February lows. It would be very bearish if this support gives way.Trading portfolioThis morning I sold out of FOD at 13.6¢, well below the 19¢ I paid a month ago, after it cut my mental stop-loss. … Read more
Trading portfolioThe portfolio fell heavily today, down 1.3%. Biggest culprits were SDV -18% as it continues its seesaw to find a new level post consolidation, and CYL -3%. One bright spot was FGR +6%.Long term portfolioThe portfolio rose 0.9% today. Most stocks rose, led by APT +4% and NEA +3%, but a poor performance from … Read more
Trading portfolioThe portfolio slipped 0.1% today, shaving the gain for the week to 0.8% and taking the loss for the YTD to 6.0%. There were no significant movements in any of the stocks. ASH +4% was the best, while EGG -5% was the worst.The standout performer over the week has been SHV ($6.42 up 12¢), … Read more
GeneralToday I am on dry land in NZ and connected to the internet via a cable rather than via WIFI so was able to do a complete analysis for the first time in a while. However, as can be seen below, there is little to report.Trading portfolioThe portfolio rose 0.2% today. Best performers were RFT … Read more
Trading portfolioThe portfolio rose 1.1% today. By far the biggest positive was SDV +44%. SHV +6% and TTT +7% also helped. BGL -6% and FLN -4% were the biggest negatives.Long term portfolioThe portfolio rose 1.9% today. All stocks bar CKF rose, the best of them being ALU +6% and APT +5%.Other stocksConnection problems with the … Read more
Trading portfolioThe portfolio rose 0.3% today, with the best performers being FLN +5%, A4N +5% and MSV 5%.Long term portfolioThe portfolio rose just 0.1% today. There were no significant movements in share prices, with not one stock standing out.Other stocksNo comments today.New breakouts of interestThe WIFI system on board ship cannot cope with the charting … Read more
Work on board ship is impossibleWhat with the time difference, lunches, dinners, after-dinner shows, very poor internet reception and everything else on board, I have found it next to impossible to do any work on board. Especially as my charts are not loading properly, so I am flying blind! Most inconvenient given current market conditions. … Read more
Trading portfolioThe portfolio lost 0.2% today, taking the loss for the week to 4.2% and the loss since I started monitoring the portfolio (on 23 October) to 6.2%. Unfortunately I cannot provide a link to the portfolio because WordPress (which I use for this blog) has changed how it does things and I can’t figure … Read more
Back in business I am back in business after some days of not having access to the internet due to an IT problem with my laptop on board ship. Today we docked at Port Chalmers where I was able to buy a USB wireless adaptor and that solved the problem. Trading portfolio It was a … Read more
IT problems I am on board a ship and having IT problems. So I may not be able give you much if anything over the next 12 days. Sorry.
Trading portfolio This morning I reduced the position in SHV by selling half at $5.60, making a small profit, because I felt too exposed; it was by by the biggest holding and the stock looked as if it could mark time for a while. However, the stock later rose to $5.68 over the course of … Read more
Trading portfolio This morning shares in Titomic (TTT, $2.20 up 7¢, $142m) popped 10¢ just when I wanted to buy them. So I had to pay $2.23 for them, just under their high for the day. I last bought and sold these for a loss back in May/June, at higher prices. Hopefully this time will … Read more
Trading portfolio This morning I bought into FGR at 16.5¢, thus more than doubling the existing position held through the listed options. I also bought back into FOD at 19¢ and sold out of recent purchase EDE at 8.0¢. First Graphene (FGR , 17.0¢ up 2.0¢, $69m) announced before the open that its first commercial graphene … Read more
Trading portfolio Following up on yesterday’s breakouts, I had a look at Redflow (RFX, 8.9¢ up 0.5¢, $63m) this morning and noticed it was a little weaker and it had not broken through the previous high of 8.7¢, so I thought I had some time to buy them. The next time I looked they had … Read more
Trading portfolio The portfolio rose 0.3% today. A 0.1¢ flip-up in SDV +14% and a move in rarely-traded FGROC +25% were the main positives, while weakness in BGL -6% and 3DP -6% were the main negatives. I had tried to sell BGL on Friday at 47.5¢ when it broke trend and would have filled the … Read more
Trading portfolio I sold a few shares today after uptrends were breached. They were: – Aurelia Metals (AMI, 70¢ up 1¢) sold all at 69¢, were bought at 76¢. – Breaker Resources (BRB, 36.5¢ even) sold all at 36.5¢, were bought at 38¢. – ImExHS (IME, 3.0¢ even) sold most at 3.0¢, were bought at … Read more
Trading portfolio I bought back into Eden Innovations (EDE, 8.3¢ up 0.3¢, $126m) today at 8.3¢. I last held them in 2016 and sold them in the high 20s, making excellent profits. They bottomed at 3.5¢ three months ago and look as if they could continue to recover. The portfolio fell 0.4% today. Most negative … Read more
Trading portfolio Unfortunately I had to sell out of Polynovo (PNV, 54¢ down 1.5¢, $355m) this morning at 54¢ after it cut its trend. It is a pity, since they were only bought a week or two ago. The portfolio fell 1.0% today, the biggest influence being SHV -3% then to a much lessor extent … Read more
Trading portfolio The portfolio rose 0.5% today due primarily to good rises in BGL +4%, SDV +13% due to it flipping up 0.1¢ to 0.9¢, and CYL +3% to a new high. PNV -5%, 3DP -6% and AMI -5% were the main negatives. At one point the biggest holding SHV ($5.69 down 1¢) had fallen … Read more
Trading portfolio This morning I sold out of DRM (32.5¢ even) at 32.2¢, SAR ($2.52 up 7¢) at $2.50 and VHT ($1.35 down 7¢) at $1.36. I also sold half the MWR ($4.78 down 15¢) at $4.80. I made an 18% loss on DRM, a 53% profit on MWR, a 2% profit on SAR, and … Read more
Trading portfolio Back in business with the charts! The portfolio rose a creditable 2.3% today, taking the gain for the week to 1.2% and the loss for the period since I started monitoring this separate portfolio to 1.5%. By far the biggest positive contributor was again MWR +12% following the AGM this morning; it made … Read more
Trading portfolio The portfolio closed unchanged in value today, with the effect of good rises in MGV +11% and MWR +3% (now the largest holding) offset by falls in stocks such as BRB -9% and CYL -3%. Long term portfolio Had a win today with APX +12% after its earnings upgrade. That plus EOS +4% … Read more
Trading portfolio The portfolio slipped a further 0.7% today led by DOR -11% following the merger announcement, plus AMI -9% and FLN -5%. Two bright spots were MWR +8% to another new high, and BGL +6% following its exploration update. I don’t think the idea of the proposed merger of SLR -10% and DOR -11% … Read more
Trading portfolio Not a good day with the portfolio down 1.0%. CYL +6% was a bright spot but most shares fell led by FLN -5% giving up some of yesterday’s gains, FGROC -15% following a fall in the underlying shares, and SDV -10% flipping down 0.1¢ to 0.9¢. FLN (83¢ down 4.5¢) had at one … Read more
Trading portfolio The portfolio rose 0.5% today. By far the best contributor was FLN +13%, while the worst was CLL -7%. Not sure why FLN is moving so hard but the H&S bottom formation (neckline 65¢) would suggest a target of $1.37. For what it’s worth, SAR+4% has made a new rally high. Long term … Read more