Trading portfolio This morning I bought into coal mine contractor Mastermyne Group (MYE, $1.21 up 4¢, $122m) at $1.20 following its breakout yesterday. It took the cash position to 19%. The portfolio did not have a good day, slipping 0.4% to take the loss for the week to 2.0% and the YTD return likewise. By far the … Read more
Trading portfolio This morning I bought into recent breakouts MWR and OTW, reducing the cash position from 27% to 22%. – MGM Wireless (MWR, $2.27 up 8¢, $27m) was bought at $2.34. – Over The Wire (OTW, $3.32 up 2¢, $146m) was bought at $3.33. The portfolio slipped a touch, down 0.1% and taking the … Read more
Trading portfolio Audio Pixels (AKP, $14.32 down $2.92 or 17%, $385m) issued an update just prior to the open and it seems they are still having problems with the wafers. The market took it negatively, and since the shares were already on the long term uptrend, that broke. Despite liking the story I had no … Read more
Trading portfolio The portfolio slipped 0.2% today, thus giving up the gain it made yesterday and leaving the YTD return (for the 2 days) at zero. The main influence was a 1¢ fall in FGR -6% to 17¢ – somewhat disappointing given it made a high of 18.5¢ during the day and given I bought … Read more
Trading portfolio This morning I sold out of Clover (CLV, $1.625 even, $268m) at $1.60, making an excellent profit on the 78¢ I paid in March. The stock has broken its uptrend line but not its uptrend as yet, and has not broken down below support at $1.58, but I felt it was time to … Read more
Trading portfolio The portfolio rose 1.2% today in a strong finish to the financial year. This performance trimmed the loss for the week to 0.4% and resulted in a 26.7% return for the full year. By far the biggest influences were a 9% rise in APT to $9.35, and a 13% rise in LNU to … Read more
Trading portfolio The potfolio fell today, down 0.7% to take the YTD return to 25.5%. Worst culprit was APT -4% followed by APX -2%, offset by AKP +2% and some others. There is just one day to go before the end of the financial year. I guess it is too much to ask that AKP … Read more
Trading portfolio The portfolio clawed back some of yesterday’s loss today, finishing up 0.4% and taking the YTD return to 26.2%. The biggest positives were APX +2%, APT +2% and XRO +2%. The biggest loser was LNU -3%. But all pretty small movements. The FGR chart continues to look outstanding. Nothing much more to say … Read more
Trading portfolio This morning I sold the remaining Select Harvest shares (SHV, $7.17 down 24¢, $683m) at $7.11 after it broke minor support and was looking toppy, making a good profit on the purchase price of $5.62. I wanted to clear the decks a bit to allow for new opportunities. The portfolio lost 1.7% today, … Read more
Trading portfolio The portfolio rose 0.4% today, taking the YTD return to 27.5%. By far the biggest influence was a 11.5¢ or 7% rise in CLV to $1.705. Other movements were relatively small. The rise in CLV was only a partial recovery from the fall last week and it is not yet clear whether that … Read more
Trading portfolio The portfolio today gave up half of yesterday’s gains, falling 1.0% to reduce the gain for the week to less than 0.1% and the YTD return to 27.1%. The biggest negative influences were CLV -8%, AKP -3%, APX -2%, APT -3% and XRO -3%, which were the stocks that did so well yesterday. … Read more
Travelling Am travelling at present so can’t spend as much time on these articles. Trading portfolio The portfolio had an excellent day, rising 1.8% to take the YTD return to 28.1%. The two best contributors by far were APX +7% and AKP +4%, with XRO +4% also deserving of mention (the latter accounts for a … Read more
Trading portfolio Had a busy morning. I sold out of the remaining TTT at $2.27 and bought into ALU at $23.89, CTD at $26.74, LVT at 49.3¢ and SEK at $21.89. Don’t have time to go through the details but essentially all of the buys are recent breakouts. The portfolio rose 0.2% today, taking the … Read more
Trading portfolio This afternoon I sold half the holding in Select Harvests (SHV, $7.22 down 20¢, $688m) at $7.154 after it broke support on a tentative basis. It was a good profit on the purchase at $5.40 in March. The stock had been the second biggest holding, and even after the sale it still accounts … Read more
Trading portfolio The portfolio gained just 0.2% today, taking the YTD return to 27.3%. Best contributions came from AKP +2% followed by CAJ +3% and CLV +3%. Biggest negative contribution came from APT -2%. Not much else to say today. Long term portfolio In its best performance for many months, PHK today jumped 3.5¢ or … Read more
Trading portfolio This morning I sold some stocks in order to buy more APT plus withdraw some cash. In more detail: – I sold a portion of the holding in Electro Optics Systems (EOS, $2.99 up 19¢, $272m) at $2.88 following their break of support yesterday, for a loss of 27¢ or 9%. Unfortunately the … Read more
Trading portfolio This morning I sold out of Global Geoscience (GSC, 42¢ down 2.5¢, $562m) at 41.5¢, making a 2¢ loss on the purchase. The shares opened weaker after its $53m institutional placement at 41¢, thereby diluting its own shareholders by 10%. There is no excuse they can reasonably offer for dudding their own shareholders … Read more
Trading portfolio This morning I sold out of the remaining Clinuvel (CUV, $10.45 down $1.20, $500m) because support was broken yesterday, and out of the remaining Korab (KOR, 2.9¢ down 0.4¢, $9m) because it has turned out to be a dog. In both cases I had sold half the stock at higher prices in previous … Read more
Trading portfolio This morning I sold out of Xtek (XTE, 43¢ down 7.5¢, $17m) at 46.7¢ on a break of support at 47.5¢, making a big loss on the average of around 60¢ paid in January and February. Should have sold them in April when they broke support at 56¢. I also bought into radiologist … Read more
Trading portfolio This morning I bought more APX at $11.38 following yesterday’s breakout, and to help pay for them I sold out of TLG at 75.5¢ after it broke through short term support. The portfolio slipped 0.2% today, reducing the change for the week to zero and taking the YTD return to 27.8%. By far … Read more
Trading portfolio The portfolio didn’t alter in value for the second day running, leaving the YTD return at 28.0%. The two largest contributors, being CLV +7% on the upside and AKP -2% on the downside, cancelled each other out. New highs are always nice: – APX broke out to a new high of $11.49 before … Read more
Trading portfolio It was a busy morning. I sold out of RFX and SKF, taking a haircut on both, and sold half the TTT. With the proceeds I bought into recent breakouts APT at $8.55 and MYX at 85.5¢. Both fell after that but I am not too concerned. The portfolio did not change in … Read more
Trading portfolio The portfolio rose very marginally today, less than 0.1%, but it increased the YTD return to 28.0%. A 3% fall in AKP to $20.01 was a significant negative but this was offset by some good rises including APX +3%, CLV +3% and XRO +3%. AKP is such a teaser! So volatile! That is … Read more
Trading portfolio What is going on with IRI? I had to sell the holding when they dropped below support this morning, getting $3.24 for them, and they subsequently traded as low as $3.05 before recovering to close at $3.16, down 19¢. It is probably just someone wanting out in a thin market, rather than something … Read more
Trading portfolio I sold out of BLG today at 36¢, making an 11¢ loss, and bought into MNY at $2.00 and NVO at 60.5¢. Both stocks were recent breakouts. The portfolio gave up 0.7% today, taking the loss for the week to 1.0% and the YTD return to 27.8%. A 4% fall in AKP to … Read more
Trading portfolio The portfolio rose 0.3% today, taking the YTD return to 28.5%. CLV stood out with a 5% gain to $1.405, but otherwise there were simply more rises than falls. Again, there is nothing much else to say on the portfolio. Other stocks Ditto. New breakouts of interest Money3 (MNY, $2.01 up 9¢, $331m) … Read more
Trading portfolio The portfolio slipped 0.8% today, reducing the YTD return to 28.2%. An 83¢ fall in AKP -4% was the main culprit, plus a further fall in TTT -3%. The main positive was CLV +5%, which seems to have cut its short term downtrend. Some days there is nothing I can usefully add on … Read more
Trading portfolio Yesterday I had placed an order to sell out of SKF at 15.5¢ and managed to sell just a few on the day, but the contract note came through so late I did not include the sale in yeterday’s article. The stock didn’t trade today but the closing quotes were 14.5/15.0¢. The portfolio … Read more
Trading portfolio I sold a number of smaller holdings today, together accounting for 10% of the portfolio, in order to make room for a purchase. Their charts weren’t in terrible shape though. They comprised: – Axsesstoday (AXL, $2.20) sold at $2.18 for a profit of 39¢ or 22%. – Fastbrick Robotics (FBR, 18¢) sold at … Read more
Trading portfolio Today I doubled up on TTT at $3.00 after the stock broke through resistance at $2.95 to a new record high of $3.04. The stock finished at $3.00 and is now the fourth largest holding, accounting for 6% of the portfolio behind AKP 16%, SHV 10% and EOS 7%. The cash position dropped … Read more