Trading portfolio This morning Titomic shares (TTT, $2.75 up 17¢, $177m, cash $13m after $12m placement last month at $1.25) broke that downtrend line and I managed to buy some at $2.72. But still relatively risky until it rises above $2.95 to a new high. The purchase dropped the cash position from 16% to 13%. … Read more
Trading portfolio The portfolio fell 1.0% today for the third consecutive day, taking the YTD return to 27.5%. And the main culprit was AKP -5% for the third consecutive day, which fall by itself caused to portfolio to decline 0.8%. There were no significant movements in any of the other holdings. I admit to being … Read more
Trading portfolio This morning I sold out of two stocks which had lost momentum: – Gold Road (GOR, 74.5¢ down 0.5¢, $654m) at 74.2¢, purchased in Jan at 79¢. – Spirit Telecom (ST1, 23.5¢ down 1¢, $56m) at 23.5¢, purchased in Feb at 21¢. The sales boosted the cash position of the portfolio from 10% … Read more
Trading portfolio The portfolio fell 1.0% today, taking the YTD return to 29.6%. By far the biggest negative was AKP -5% which fell $1.20 to $22.09, still within the range by which I thought it would be contained. The stock is a little above its short term uptrend line. The other big fall was in … Read more
Trading portfolio Today I part-sold a couple more stocks because they appear to have cut their short term uptrends and because I wanted to further boost the cash position in readiness for new opportunities. The sales were: – Fastbrick (FBR, 18¢ even, $191m) was sold at 18.5¢ against an average book price of 26.6¢. – … Read more
Trading portfolio To further increase the cash position of the portfolio, this morning I sold out of TNG at 15¢, taking a big hit on the purchase price of 17.5¢. I still like the stock but it has become bogged down again in that previous consolidation zone and may not move much for a while. … Read more
Trading portfolio The portfolio lost 0.3% today, taking the YTD return to 27.4%. The only significant fall was in APX -5% with all other moves being relatively minor but there were a lot more falls than rises. Earlier in the day SKF was up a couple of cents to 18¢ following its announcement on a … Read more
Trading portfolio It was a reasonable day today with the portfolio up 1.2%, taking the YTD return to 28.6%. By far the best contribution came from biggest holding AKP +12% which rose $2.40 to $21.90, vindicating my strategy towards the stock. By itself the rise in AKP increased the portfolio value by 1.8% but there … Read more
Trading portfolio The trading portfolio rose marginal 0.1% today, taking the YTD return to 27.7%. There were good performances from the two biggest holdings, being AKP +6% and SHV +3%, which together added 1% to the portfolio return. However, this was largely eroded by a collapse in RLC -37%, after a disappointing drilling report on … Read more
Trading portfolio This afternoon I sold down a portion of the FBR holding at 18.5¢ on the basis that there was a tentative break of the one-month uptrend after having failed to push through the downtrend line in place since August 2017 when it peaked at 30¢. I had purchased them at 17¢ back in July … Read more
Trading portfolio The portfolio fell 0.4% today, taking the YTD return to 27.7%. AKP +5% was by far the most positive contributor but this was entirely offset by falls in CLV -8% and KOR -8%. Elsewhere it was simply a matter of more falls than rises. My investment thesis on AKP is bearing up so … Read more
Trading portfolio The portfolio eked out a 0.1% gain today, taking the YTD return to 28.1%. A small recovery in LNU +8% was the biggest positive, while a very small fall in AKP -2% was the biggest negative. So, the stock I bought yesterday went down, and I would add that the stocks I sold … Read more
Trading portfolio This morning I trebled up on AKP, buying them at $17.40 and then $17.90 for an average of $17.71. Over the whole holding the average purchase price is now $17.33. The stock is now the biggest holding at 14% of the portfolio, with the next biggest being SHV 9% and EOS 7%. To … Read more
Trading portfolio I sold out of Bluechiip (BCT, 5.5¢ even, $22m) today at an average of 5.75¢,making a small profit on the 5¢ paid in December. It broke trend a few days ago, albeit only the short term trend, and I took advantage of today’s short-lived rally to sell. The portfolio rose 1.0% today, taking the … Read more
Trading portfolio Today I sold out of Mach7 Technologies (M7T, 25¢ down 2.5¢, $33m) at just over 25¢ because it had broken support. It was a big loss on the purchase at 33¢ back in January. In hindsight I should have sold a few days ago at 27-28¢ when that awful quarterly came out. The … Read more
Trading portfolio Not a good day – the portfolio slipped 1.2%, cutting the YTD return to 26.0%. There were three main culprits: – FGROC -23%, catching up belatedly with prior weakness in FGR; – LNU -7%, probably related to all those shares coming out of escrow; and – RFX -15%, in a continuing reaction to … Read more
Trading portfolio I sold the remaining MMI today at 24.5¢, making a good profit on the 12.5¢ paid in March 2017. I also bought back the GSC I sold a week or two ago at the same price of 43.5¢. It was a better day today with the portfolio up 0.7% to take the YTD … Read more
Trading portfolio Not a good day, with the portfolio down 0.8% to take the YTD return to 26.6%. Main negative was PSY -16% and no surprise given its quarterly. Another to fall heavily was RNT -11% following its capital raising. EOS -4% and SHV -3% didn’t help either. On the positive side good moves were … Read more
Trading portfolio The portfolio fell 0.6% today, reducing the YTD return to 27.4%. FGR -3% and AKP -5% were the main culprits. On the plus side, CLV +14% blitzed the field in the absence of any news. The move took the stock to a substantial new high. I was inundated with quarterlies today with 10 … Read more
Trading portfolio The portfolio rose 0.1% today, shaving the loss for the week to 0.5% and taking the YTD return to 28.0%. The biggest positive was a recovery in RFX +12%, while the biggest negatives were falls in FBR -10% and KOR -6%. Nothing more to say today. Long term portfolio Phoslock (PHK, 27¢ up 0.5¢, … Read more
Trading portfolio The portfolio slipped 0.1% today, taking the YTD return to 27.9%. By far the most negative influence was RFX which plummeted 22% to 12.5¢ after announcing a sizeable capital raising at 10¢. Not much better were LNU -4% and BLU -7%. On a positive note, the most positive influence was FBR +5% after … Read more
Trading portfolio This afternoon I sold half the CUV holding at $11.55, making a small profit on the $10.10 paid in March. The portfolio fell 0.8% today, taking the YTD return to 28.%. The biggest negative impact was from LNU -6%, while the biggest positives were from APX +3% and KOR +4%. I attended the … Read more
Trading portfolio The portfolio rose 0.2% today, taking the YTD return to 28.7%. It would have been much better except shares in Reedy Lagoon (RLC, 2.1¢ down 1.4% or 40%, $8m) collapsed due to announcing its first target for lithium brine bombed out. So by itself (including the options) it crashed the portfolio by almost … Read more
Trading portfolio The portfolio rose 0.1% today, taking the week’s gain to 0.9% and the YTD return to 28.5%. The biggest positive contributions were from LNU +5% and RFX +10%, the biggest negatives were BLG -8% and KOR -4%. Again, nothing much to say on the charts. Other stocks Nothing to add here either. New breakouts … Read more
Trading portfolio The portfolio declined by less than 0.05% today, shaving the YTD return to 28.4%. The biggest positive influences were KOR +5% then AVG +5%, while the biggest negative influences were APX -4% followed by SKF -9% then LNU -4%. I don’t have any other comments on the portfolio today. Other stocks Well, I … Read more
Trading portfolio The portfolio rose 1.0% today, booting the YTD return to 28.5%. Most stocks rose and the best influence was SKF +13% followed by FGR+3% and FGROC +9%, then APX 4%. But XTE -12% was a bit of a disaster – without that, the portfolio would have been up 1.4% instead of 1.0%. There … Read more
Trading portfolio The portfolio rose a marginal 0.1% today, taking the YTD return to 27.5%. The best performance came from SHV +4%, while APX +4% and CLV +5% also did quite well. The main negative was LNU -4%. SHV jumped a further 22¢ to $6.27 today, to a new high since bottoming at $3.68 back … Read more
Trading portfolio The portfolio slipped 0.2% today, taking the YTD return to 27.4%. By far the worst contribution came from KOR -14% which fell 0.7¢ to 4.2¢ and by itself cut the portfolio return by 0.5%. This plus a number of smaller falls were almost offset by a good number of small rises. Before the … Read more
Trading portfolio The portfolio declined 0.4% today, taking the week to a 0.8% gain and the YTD return to 27.6%. Best contributor was SHV +5%, while worst was LNU -5%. Also SFY -9%. The latter broke its short term uptrend but I going to wait out the drop, it it occurs, because I am hoping it … Read more
Trading portfolio Today I increased the holding in Select Harvests (SHV, $5.80 up 31¢, $552m) by buying 50% more at $5.79 following its move this morning, which took it above the recent consolidation zone. The average cost of the holding is now $5.53. The move took the stock to 8% of the portfolio (the biggest … Read more