Trading portfolio The portfolio fell 0.4% today, taking the YTD return to 8.1%. Good rises in TER +5%, CGL +7% and SDV +10% were more than offset by falls in LGD -6%, APT -3% and ASH -5%. And there were many more falls than rises. I am losing patience with Quickstep (QHL, 8.1¢ down 0.3¢, … Read more
Trading portfolio There were no transactions today. I was going to buy some shares in OFX Group (OFX) but decided they had moved too much already to make it a low risk buy. The portfolio rose 0.3% today, taking the gain for the week to 1.2% and the YTD return to 8.5%. For what it’s … Read more
Trading portfolio Towards the close this afternoon I sold about half of the holding in Nearmap (NEA, $1.685 down 5.5¢, 744m) at $1.664 when it broke short term support. I had purchased these in July at an average of $1.43 so made a reasonable profit. The portfolio rose 0.2% today, taking the YTD return to … Read more
Trading portfolio I sold half the holding in Clinuvel (CUV, $22.52 up $1.32, $1.1b) this morning at just under $22.74, making a nice profit on the $14.83 I paid a little over three weeks ago. The stock had not faltered or anything like that but given the huge rise in recent days (it was $12 … Read more
Trading portfolio This morning I placed an order for some Deep Yellow (DYL, 56¢ up 3¢, $109m) at 52.5¢ and less than half got filled because the shares moved ahead of me. You probably know that DYL is a uranium hopeful, with a number of calcrete and basement deposits in Namibia being drilled. Resources outlined … Read more
Trading portfolio Shares in Australia’s very own space warrior Electro Optic Systems (EOS. $3.16 up 5¢, $304m) appear to be attractively priced. The company released an updated presentation this morning, with increased profit guidance for the three years CY18 through CY20 of $10m, $20m and $27m. Beyond that, further strong growth is expected from Defence … Read more
Trading portfolio This morning I bought into one of yesterday’s breakouts, being Enero (EGG, $1.29 even, $110m) at $1.29. The portfolio recovered most of yesterday’s loss, gaining 0.7% and taking the rise for the week to 0.5% and the YTD return to 7.2%. APT +5% was the star followed by GSW +8%, LVH +9%, XRO … Read more
Trading portfolio This morning I bought into the two breakouts that I had highlighted yesterday, being copper producer and explorer Aeris Resources (AIS, 32¢ up 1.5¢, $90m) at 32.5¢ and former market darling GetSwift (GSW, 64.5¢ up 9.5¢, $65m) at 62.5¢. The portfolio did poorly today, down 0.9% to take the YTD return to 6.5%. … Read more
Trading portfolio This morning I sold half the holding in The Food Revolution (FOD, 14.5¢ down 3¢, $63m) at 15¢ after it broke its short term trend. My purchase price was 8.5¢ on 30 August so it was a reasonable profit. I also sold out of Polynovo (PNV, 52.5¢ down 1.5¢, $345m) at 52.5¢ when … Read more
Trading portfolio I sold out of Fisher & Paykel Healthcare (FPH, $14.03 up 28¢, $8.0b) today at $13.85, making a small loss on the $13.90 I paid in June, because I wanted to add to my cash position. The portfolio slipped 0.2% today, taking the YTD return to 7.5%. For the third consecutive day FOD … Read more
Trading portfolio This morning I bought into recent breakout Animoca Brands Corporation Ltd (AB1, 10.5¢ down 0.5¢, $64m) at 11¢. Headquartered in Hong Kong, the company’s business is the development and marketing of games and associated apps for mobile devices, and it is one of the largest licensees of brands in the mobile entertainment industry. … Read more
Trading portfolio This morning I bought into the two breakouts that I had highlighted yesterday, being Catalyst Metals (CYL, $1.61 up 1¢, $113m) at $1.64 and Zenith IP Group (XIP, $1.50 up 3¢, $133m) at $1.48. The purchases reduced the cash position of the portfolio to just under 5%. CYL is exploring for high grade … Read more
Growth vs value There has been a lot of material published recently, much of it on the excellent Livewire platform, ridiculing the high PEs of well established growth stocks such as healthcare operators like CSL, COH and RMD. and emerging growth stocks such as tech companies XRO, WTC, APT, APX and ALU. This morning it … Read more
Trading portfolio, I bought those Legend Corp shares (LGD, 33.5¢ down 1.0¢, $73m) back today at 34¢, being 0.5¢ less than I sold them for yesterday. And then of course they slipped lower over the day. However, the important thing is that they did not fall below support at 32¢. The portfolio rose a marginal … Read more
Trading portfolio This morning I sold 39% of the holding in electrical engineer Legend Corporation (LGD, 34.5¢ up 6.5¢, $75m) at 34.5¢ when it reacted strongly to a positive update on trading conditions. I had bought the shares at 26.5¢ in August and thought it best at this stage to reduce my risk. But after … Read more
Trading portfolio I sold out of CSL (CSL, $212.21 up $1.56, 96b) this morning at $212.60, making a small profit on the $208.30 paid in July and August. Following on from my cautious chart comment on Friday, over the weekend I had a look at the fundamentals and noted it was not particularly cheap with … Read more
Trading portfolio This morning I sold some stocks to realise a bit of cash. They were: – ISX sold at 17¢ for a loss of 5.5¢. – MNY sold at $2.06 for a gain of 3¢. – MSB sold at $1.625 for a loss of 14.5¢. The rout slowed in the previously high-performing longer-term stocks … Read more
Trading portfolio This morning I sold the holding in Danakali (DNK) at 71¢ when it broke trend, and bought into Venus Metals Corporation (VMC) at 18.5¢. It was a bloodbath today, especially for all those high-performing high-PE stocks with which the portfolio is replete. APX, MWR, SDA, SM1 and XRO were down over 6%, while … Read more
Trading portfolio I purchased two recent breakouts today, reducing the cash position to 5%. They were: – Adslot (ADJ, 4.0¢ up 0.2¢, $56m) at 4.0¢. – Volpara Health Technology (VHT, 89.5¢ down 5¢, $160m) at 90.5¢ The number of trading stocks now totals 49, which is a lot more than usual, and I probably need … Read more
Trading portfolio The portfolio fell 0.2% today, taking the YTD return to 5.7%. The main positive influences were SDV +11% and SDA +5%, while the main negative influences were TER -5% and EOS -4%. Afterpay (APT, $17.37 down 28¢, $3.9b) has arguably broken another uptrend line. There are a number of possible chart interpretations (as … Read more
Trading portfolio This morning I finished my purchase order in MGM Wireless (MWR, $3.13 even, $37m) at $3.08, bought back into Clinuvel (CUV, $14.90 up 14¢, $713m) at $14.83, and purchased SciDev (SDV, 0.9¢ up 0.1¢, $6m) at 0.9¢. The cash position today halved to 6% of the portfolio, so I don’t have much firepower … Read more
Trading portfolio It was another active day, with share purchases in: – Brickworks (BWK) at $17.43. – Citadel Group (CGL) at $7.60. – Livehire (LVH) at 64¢. – MGM Wireless (MWR) at $3.08. – Polynovo (PNV) at 55.5¢. The cash position fell from 19% to 12%. The portfolio fell another 0.4% today, bringing the loss … Read more
Trading portfolio Another active day on the buying side because I: – doubled up on Ashley Services (ASH, 25¢ up 1.5¢, $36m) at 25¢; – doubled up on Legend Corp (LGD, 26.5¢ even, $57m) at 26.5¢; – doubled up on Money3 (MNY, $2.02 down 6¢, $357m) at $2.07; – bought into Spicers (SRS, 4.5¢ up … Read more
Trading portfolio I made five trades this morning: – Sold out of Audio Pixels (AKP, $13.01 down 55¢, $350m) at $13.05, a big loss on the $16.10 purchase price, after it broke support. – Sold down a further 30% of the remaining position in Afterpay (APT, $18.95 down $1.00, $4.1b) at $19.07, still a good … Read more
Trading portfolio This morning I purchased a holding in Synlait Milk (SM1, $11.76 up 75¢, $2.1b) at $11.41 after it broke out yesterday. I also chanced my arm and bought back some Speedcast (SDA, $4.20 down $2.51 or 37%, $1.0b) at $4.53. I had been kicking myself for being knocked out of the stock at … Read more
Trading portfolio The portfolio rose a further 0.3% today, increasing the YTD return to 6.8%. Good rises in infotechs APT +7%, NEA +2%, APX +3% and XRO +2% were partly offset by heavy falls in AXL -16% and RWC -8%. The latter two were affected by financials, released prior to the open, which the market … Read more
Trading portfolio I was busy today buying stocks in the trading portfolio to use up some of the cash proceeds from sale of PET shares, but I sold some more PET shares today so that the cash position actually rose marginally to 32% of the portfolio. At this stage I have doubled the positions in … Read more
Trading portfolio This morning I bought back into Electro Optic Systems (EOS, $2.91 up 1¢, $280m) at $2.96 after the shares nudged up above minor resistance. It remains high risk from the technical point of view unless and until it breaks through $3.40 to a new high. But I have always liked the story and … Read more
Trading portfolio It was a huge day for the trading portfolio with it being up 1.8%, taking the YTD return to 4.1%. Big rises in declining order of importance were seen in APX +12%, NEA +7%, OTW +20%, APT +9% and FGROC +17%. The only significant negative was TER -6%. Result announcements were made this … Read more
Trading portfolio The portfolio rose another 0.6% today, taking the YTD return to 2.3%. Main positive contributors were APT +2%, XRO +3%, APX +2% and CDA +5%. The main negative was MYE -6%. The further 42¢ rise in APT to $17.92 keeps the stock in its short term uptrend and while this could be breached … Read more