Trading portfolio It was a busy morning because: – I sold gold stocks NST at $8.47, OGC at $3.95 and RRL at $4.80; – I bought back into PNV at 60.5¢ and VHT at $1.47; – I bought more MWR at $3.76; – I bought into CLL at 15¢; and – later, this afternoon I … Read more
Trading portfolio This morning I bought into recent breakout Adriatic Metals (ADT, 68¢ up 1¢, $56m) at 69.5¢. The portfolio fell 1.1% today, all due to a drop in the golds. They all fell but the main culprits were BGL -3% and NST -4%. I guess the lower A$ gold price did matter after all. … Read more
Trading portfolio The portfolio did well today to rise 0.6% in the face of a collapse in 3DP -20% which by itself cut the portfolio value by 0.6%. The saviour was the gold sector which contributed a 0.9% rise to the portfolio value, led by BGL +11% and BRB +6%. Outside of the gold stocks, … Read more
Trading portfolio Today I bought into recent breakout Pointerra (3DP, 6.0¢ up 1.2¢, $30m undiluted) at 6.0¢; and also old favourite Select Harvests (SHV, $5.40 up 11¢, $516m) at $5.38 when it broke out today. Almond producer SHV probably needs no introduction but 3DP is another matter. The stock broke out from its 4.9¢ resistance on … Read more
Trading portfolio The trading portfolio rose 0.5% today. The best contributors were MWR +12% followed by RFT +14%. The worst was SDV -20% which flipped down 0.1¢ to 0.8¢, at which level I have a long-standing unfilled buy order in the queue. Actually, belay that, I forgot to write down AXL. The stock is still … Read more
Trading Portfolio This morning I bought into Musgrave Minerals (MGV, 8.3¢ down 0.6¢, $27m) at 8.7¢ following its recent breakout. This reduced the cash weighting from 22% to 18% and brought the overall weighting of gold stocks to 48% (or to 59% excluding cash). The portfolio rose 1.2% today, reducing the loss for the week … Read more
Trading portfolio Today I further increased my gold holdings. I sold Resolute Mining (RSG, $1.03 down 1¢, $780m) at $1.035, making a 2.5¢ loss, and bought into Regis Resources (RRL, $4.27 up 5¢, $2.2b) at $4.30; effectively swapping RSG for RRL, because the latter seems to have more short term momentum. I also bought into … Read more
Trading portfolio The portfolio rose 0.2% today. The best performer was SDV +11%, the worst was BGL -5%. And together, falls in the gold shares were again the biggest factor in today’s performance. Long term portfolio This morning I bought back into Altium (ALU, $21.87 up 38¢, $2.9b) at $21.84. Yesterday I highlighted it as … Read more
Trading portfolio I bought into another gold stock today, this time Resolute Mining (RSG, $1.05 down 2.5¢, $795m) at $1.06. My strategy of swapping tech stocks into gold stocks did not do well today. The techs went up, to the extent that some cut their short term downtrends, while the golds went down. Is it … Read more
Trading portfolio This afternoon I sold out of Paladin Energy (PDN, 16.5¢ even, $288m) at 16¢ and Roto-Gro (RGI, 47¢ down 3¢, $39m) at 44¢, as their charts no longer inspire. Made a loss on both. Cannabis is so on the nose at present that if a company (e.g. RGI) announces an entry into the … Read more
Splitting off the longer term portfolio Today I have split off the longer term portfolio (within a Trust entity) from the shorter term portfolio (within a Superfund entity) for the purposes of this blog. The long term portfolio is much less traded and it is easier for me to comment on it separately – dealing … Read more
Trading portfolio Yet another bloodbath, and lots of portfolio stocks triggered stop losses and were sold. Unfortunately these included my favourite tech stocks ALU, APX, NEA and XRO which were hit particularly hard and could well bounce tomorrow. All four were held within the Trust. Other sales comprised ALS, BRW and RWC in the Trust; … Read more
Trading portfolio Within the longer term portfolio I sold out of Smartgroup (SIQ, $10.39 down 18¢, $1.4b) today at $10.40 after it triggered my stop-loss yesterday, making a 17% loss on the purchase price of $12.53. And within the shorter term portfolio I bought into another couple of gold stocks : Breaker Resources (BRB, 35¢ … Read more
Trading portfolio This morning I sold out of Codan (CDA, $2.89 down 11¢, $518m) at $2.93 when it cut my stop loss. My average cost was $2.84 so it was only a small profit in the end. I bought into two new stocks, being drilling contractor Mitchell Services (MSV, 5.0¢ down 0.2¢, $87m) at 5.0¢, … Read more
Trading portfolio This morning I sold out of Spicers (SRS, 5.6¢ up 0.1¢, $115m) at 5.6¢, making a good profit on the 4.4¢ paid in August. I had sold half of the stock at 5.9¢ about two weeks ago, so the sale today was of the remaining shares. I also spat the dummy and sold … Read more
Trading portfolio The portfolio was down a significant 1.0%, taking the week to a loss of 0.7% and reducing the YTD gain to just 1.6%. There were a lot more falls than rises with the main negative contributions coming from ASH -8%, EOS -3% and SRS -7%. Most of the stocks I bought back into … Read more
Trading portfolio It was a busy day today. In the longer term portfolio I bought back into ALU, APX, CSL, MQG, NEA and SHL. In all cases except for APX my purchase price was lower than the sale price (achieved last week for APX, MQG, NEA and SHL, in September for CSL and in July … Read more
Trading portfolio The portfolio rose 0.7% today, taking the YTD return to 9.4%. The main contributors were SDV +25%, XRO +6% and DYL +7%. There were no significant falls. Scidev (SDV, 1.0¢ up 0.2c, $6.4m) being such a low-priced stock, it cannot move in increments less than 0.1¢ (i.e. 10%) under the ASX’s ridiculous counter-productive … Read more
Trading portfolio The portfolio rose 0.3% today, taking the YTD return to 7.0%. The best performances were by MWR +7% following its announcement on sales progress, and ALL +4%. Nothing much else to say on the portfolio today. Other stocks Talga Resources (TLG, 54¢ up 9.5¢, $117m) rallied today after its announcement on test results … Read more
Trading portfolio Today I was forced to sell out of my remaining shares in coal miner Terracom (TER, 64¢ down 6¢, $243m) at 65¢ after it broke longer term support. I had sold half the holding on 9 October at 73.2¢ when it broke short term support. I had purchased them in July and August … Read more
Trading portfolio I felt good today after yesterday’s sales, even though the market rallied at bit towards the end, because now I have a lot of cash for new opportunities. And on that subject, I noticed this morning that the gold price in NY broke above its recent consolidation zone and at the same time … Read more
Trading portfolio I felt good today after yesterday’s sales, even though the market rallied at bit towards the end, because now have a lot of cash for new opportunities. In that regard, I noticed this morning that the gold price in NY broke above its recent consolidation zone and at the same time tentatively pushed … Read more
Trading portfolio The market capitulated today – a total bloodbath, it was – with the All Ords down 170 pts or 2.8%, and with the techs again leading the fall. I was slaughtered with the portfolio down 3.8%. The YTD return fell from 5.6% to 1.7%. I did a lot of selling today. I won’t bore … Read more
Trading portfolio The portfolio staged a perfunctory rally today, finishing up just 0.1% to take the YTD return to 5.6%. Most shares rallied a bit, the best being VMC +5% and CTD +4%, the latter after its positive trading update. But some of the high-PE growth stocks were weak once again, particularly APT -3% and … Read more
Trading portfolio What a wipeout! This morning in the shorter term component of the trading portfolio I took some profits in a number of stocks and made some additional sales, in an attempt to clear the decks a bit. The sales doubled the cash position to 14% of the portfolio and were: – CUV ($19.50 … Read more
Trading portfolio I sold out of Pro Medicus (PME, $11.56 down 28¢, $1.2b) this afternoon at an average of $11.61, making a 22% profit on the purchase at $9.48 in July and August. I sold because the stock has cut its short term trend although the long term one is still intact. The portfolio fell … Read more
Trading portfolio The portfolio fell 0.1% today, taking the YTD return to 8.5%. For the week, the portfolio broke even. The highlight of the day was another great performance from VHT +11%, while APX -4% was the main negative. Other movements were relatively small. Voltara Health Technologies (VHT, $1.18 up 12¢, $211m) has risen 28% in … Read more
US Treasury bonds I thought I should put this up front. The fall this week in US Treasuries has cut crucial support. This means it is game over, the great bear market in US bonds has been confirmed, decisively. I will comment further in the upcoming Market Review. Trading portfolio This morning I bought into … Read more
Trading portfolio This morning I sold out of Quickstep Holdings (QHL, 7.9¢ up 0.1¢, $44m) at 7.8¢ and of course it then rallied. I had bought them in August at an average of 9.5¢ so made a loss. The portfolio rose 0.4% today, taking the YTD return to 8.0%. There were few substantial movements, just … Read more
Trading portfolio The portfolio fell 0.5% today, taking the YTD return to 7.6%. Main culprits were VMC -10%, PME -5% and DYL -9%, but there were a lot of other falls. The only rise of note was TER 5%. DYL cut its short term uptrend today but its long term trend is still intact. I … Read more