Trading portfolio This morning I sold out of a couple of stocks after their short term uptrends were breached. They will not necessarily decline substantially from here, and may record new highs in due course, but for now their momentum seems to have been lost. They comprised: – Cape Lambert (CFE, 7.1¢ down 0.2¢, $62m) … Read more
Trading portfolio This morning I sold out of IPTOA at 0.4¢, realising a big loss on the 1.2¢ paid back in November. Quite embarrassing to have to admit it. The portfolio did quite well today, up 1.8% and taking the YTD return to 32.7%. By far the biggest positive influence was LNU +11%, followed by … Read more
Trading portfolio Today I sold out of Adacel (ADA, $2.42 down 1¢, $191m) at $2.40, representing a loss on the $2.75 I paid in September. I bought it on a breakout which did not work out, and although it will probably come good in time, it could take some months and in the meantime I … Read more
Trading portfolio A correction was probably overdue after the recent extraordinary performance of the portfolio and it happened in spades today because the portfolio was down 1.8%, reducing the YTD return to 31.5%. As one might expect, the biggest positive influence yesterday was the biggest negative influence today, being LNU -10%. Other negatives included RFX … Read more
Trading portfolio The portfolio had a phenomenal day, up 3.4%, which took the YTD return to 33.3%. By far the biggest contribution was LNU +18% and the stock is now the biggest holding at 7% of the portfolio. The second most important contribution was from 4DS +46% which merited a speeding ticket from ASX. Three … Read more
Trading portfolio Today I made some three more acquisitions, cutting the cash position from 11% to 3%, so I don’t really have much firepower left. The purchases were: Afterpay Touch Group Ltd (APT, $6.65 up 30¢, $1.1bn) at $6.75. The stock had broken out to a new high a week ago but has since risen … Read more
Trading portfolio First Graphene (FGR, 17¢ up 1¢, $64m) popped today to 17.5¢ on good volume which to me is enormously significant because: (a) it is a new high; (b) the chart looks outstanding with a long term target as high as $1; and (c) the story is not bad if all works out. And … Read more
Trading portfolio I went into buy mode today, bringing the cash holding down from 24% to 13% of the portfolio. The purchases comprised: Austin Engineering (ANG, 26.5¢ up 0.5¢ , $153m) at 26.5¢. Supplier of capital equipment to mining industry. Creso Pharma (CPH, 99.5¢ up 6.5¢, w$86m) at $1.01. Cannabis hopeful. Weebit Nano (WBT, 7.4¢ … Read more
Trading portfolio This morning I bought doubled up on BRN at 20¢ because it broke out of its recent trading range and because I like the story long term. The portfolio rose 0.8% today, taking the YTD return to 26.9%. By far the largest contributor was SHO which rose by a dramatic 55% or 5.5¢, … Read more
Trading portfolio Today I purchased some shares in IT services provider Melbourne IT (MLB, $3.62 down 7¢, $425m) at $3.67. It was not a recent breakout but the chart is supportive and I wanted to add another dividend paying stock to the portfolio to reduce risk. The portfolio rose another 0.5% today, bringing the week’s … Read more
Trading portfolio Today I bought into SportsHero (SHO, 9.4¢ down 0.6¢, $11m) at 10¢ following its breakout some days ago. The portfolio had another good day, up 1.6% and taking the YTD return to 25.5%. Eighteen of the stocks rose, seven were steady and five fell. The biggest influence was a 7% rise in LNU … Read more
Trading portfolio This morning I bought into Chilean lithium brine hopeful Lithium Power International (LPI, 56¢ up 1.5¢, $118m) at 55¢ and cobalt hopeful Cape Lambert Resources (CFE, 6.6¢ up 1.1¢, $57m undiluted) at 6.5¢. The portfolio put in a frisky performance after a couple of days off. It rose 1.9% to take the YTD … Read more
Trading portfolio During the week I injected more cash into the portfolio as a result of some sales undertaken within the long term portfolio, so the cash position has been boosted to 42% of the total portfolio value. This gives me considerable more flexibility for future purchases. The portfolio fell 0.2% today, taking the week’s … Read more
Trading portfolio Today I recorded a minuscule increase in the APX holding as a result of including the tiny allocation from the SPP. Personally I think it’s terrible that institutional investors can get all those shares at $5.80 in the placement, which admittedly was a tiny discount at the time, and shareholders get a pittance … Read more
Trading portfolio The portfolio had a reasonable day, up 1.1% to take the YTD return to 20.2%. By far the best contributions came from LNU +14% and FFG +30%. The biggest negative influence was LER -9%. I like the BLG chart, albeit it has not yet broken out. It is a coiled spring. Currently at … Read more
Trading portfolio Today I bought into Altech Chemicals (ATC, 21¢ unchanged, $85m) at 21¢. I also added to the portfolio the small holding in Reedy Lagoon Corporation (RLC, 3.6¢ down 0.2¢, $11m) which I picked up in the underwriting shortfall at 2.5¢. The portfolio rose another 1.7% today, taking the YTD return to 19.1%. The … Read more
Trading portfolio The portfolio did well today, up 2.3% to boost the YTD return to 17.1%. By far the biggest gain came from LNU which jumped 2.5¢ or 31% to 10.5¢, while second was APX up 46¢ or 6% to $8.22, and third was BCT up 0.9¢ or 14% to 7.0¢. The largest negative influence … Read more
Trading portfolio The portfolio did well today, up 1.1% to take gain for the week to 0.9% and the YTD return to 14.7%. The biggest influence was a 15% rise in LER, while AKP +4%, ALU +3% and EOS +3% were also important contributors. On the negative side, BCT -6% and LNU -4% both continued their pullbacks … Read more
Trading portfolio There was less than a 0.1% rise in the portfolio today, leaving the YTD return at 13.6%. The biggest positive influences were LNU +8%, LER +6% and SIQ +6%. The biggest negative influences were FBR -3%, IPTOA -25% and AKP -2%. Nothing much else to say today. Other stocks The conglomerate gold sector … Read more
Trading portfolio The portfolio dropped 0.7% today, cutting the YTD return to 13.5%. By far the biggest influence was a fall in FBR -8%. Falls in AKP -3% and EOS -2% didn’t help either. The biggest positive influence was a rise in BCT +8% but that stock that has a lower weighting in the portfolio. … Read more
Trading portfolio This morning I had to sell out of LOM at 22.5¢ after it hit my mental stop loss price. Disappointing. I had purchased them at 32¢ just over a month ago on a breakout, but that proved to be a false breakout. The portfolio was essentially steady today, declining just 0.1% to take … Read more
Trading portfolio The portfolio rose 0.5% today, taking the YTD return to 14.3%. By far the biggest influence was a huge 55% rise in Linius Corporation shares (LNU, 8.4¢ up 3¢, $34m) following its release prior to the open, highlighting the revenue potential for the company. I think the rise was well deserved and overdue. … Read more
Trading portfolio Still in selling mode, I sold out of FND at 23¢ this morning for a minor profit on the purchase at 21.5¢. The cash position has now built up to 14%, giving me a lot more flexibility. The portfolio was steadier today, up just 0.1% to shave the week’s loss to 3.1% and … Read more
Trading portfolio Today I wanted to raise some more funds for new opportunities so I sold some AKP at $17.50 after its bounce and some MMI at 23¢, thus taking some profits off the table. I also bought into Force Commodities (4CE) at 7.5¢. It was one of the breakouts identified yesterday. After the transactions, … Read more
Trading portfolio This morning I made two purchases. One was Bluechiip (BCT, 4.8¢ up 0.2¢, $19m) at 5¢. I highlighted BCT as a breakout yesterday. The other purchase was a one third addition at $15.98 to my holding in Audio Pixel shares (AKP, $16.00 down $2.29, $430m) to take advantage of the huge fall in … Read more
Trading portfolio Today I bit the bullet on the Pilbara conglomerate gold plays, selling out of ARV, DEG, KAI and VXR, to realise a bit of cash for other opportunities. I retain IPTOA but only because the market did not meet my price of 1.5¢. So, overall over the entire exercise, I am ahead but … Read more
Trading portfolio Bit of a disaster today with the portfolio down 1.8%, reducing the YTD return to 15.1%. Almost all of the stocks fell, the key ones being EOS -6% and AKP -5%. The main positive was FBR +3%. At one point AKP had fallen to $18.20 but recovered to end down $1.09 at $19.49. … Read more
Delay Apologies for the delay in publishing this. It was due to an IT problem. Trading portfolio The portfolio rose 0.1% today, taking the week’s loss to 0.3% and the TD return to 16.9%. Good gains in order of importance were made by APX +8% (again!), EOS +4% and 4DS +12%, but these were whittled … Read more
Trading portfolio This morning I completed the purchase order in LER and sold the position in rare earth hopeful Hastings Technology Metals (HAS, 30¢ down 1.5¢, $201m) at 30¢. The portfolio finished up 0.4%, taking the YTD return to 16.8%. By far the biggest influence was a huge 22% rise in Appen (APX, $7.14 up … Read more
Trading portfolio I bought into Fatfish Internet Group (FFG, 6.2¢ down 1.2¢, $22m) this morning at 6.4¢ after its breakout yesterday. The portfolio recovered a little today. It was up 1.7%, taking the YTD return to 16.3%. The main contributors in order of importance were FBR +5%, FGR +18%, IPTOA up 50%, MMI +6% and … Read more