Apologies I am travelling this week and did not have the chance to post this on the day. So now it is Wednesday, and this is my post for yesterday. Trading portfolio The portfolio fell 0.7% yesterday, taking the YTD return to 19.7%. Main influences were 4% falls in AKP and FBR, while the main … Read more
Trading portfolio The portfolio was up 1.5% today, taking the YTD return to 20.3%. The biggest influence was a 2% rise in AKP, which accounted for one third of the gain. Other contributors in order of influence included TAW +15%, FBR +2%, MMI +5% and APX up 3%. There is nothing on the charts that … Read more
Saturday 14 October Commodities Oil is still attempting to break through that crucial resistance at $54.50 (basis WTI) and usher in a new bull market. Can only wait and see. Iron ore bounced from short term support, right on cue. Could bounce to as much as 70 before failing again. Base metals are in bull … Read more
Trading portfolio I’m afraid I had to sell out of TAS (11.5¢ down 1.5¢) today at 11¢, after it broke crucial support and hit a low of 10¢. Big loss on the 21¢ I paid in June. Luckily it wasn’t a big position, but a bloody nuisance all the same! I like the story, but … Read more
Trading portfolio The portfolio rose 0.6% today, taking the YTD return to 20.3%. More rises than falls, and no movements of much chart relevance today, albeit that a number of stocks recorded new highs in existing trends. I haven’t commented on TAS for a month or two. Now at 13¢, it is the worst performer … Read more
Trading portfolio The portfolio slipped 0.4% today, reducing the YTD return to 19.7%. A 10% rise in AKP to $25.80 was by far the biggest influence but unfortunately it was more than offset by a host of falls, the most important being EOS -5%, DEG -10% and LYC -4%. As far as the charts are … Read more
Trading portfolio This morning I bought into Tawana Resources (TAW, 36¢ up 1.5¢, $159m) at 36¢ after its breakout yesterday. The company and its 50% JV partner (Alliance Mineral Assets Ltd – SGX:AMAL) are developing a lithium mine near Kalgoorlie with initial exports of spodumene concentrate expected in March 2018. The portfolio rose 0.2% today … Read more
Trading portfolio The portfolio had a great day, up 2.6%, which took the YTD return to 20.0%. The biggest influences were a $1.63 or 7% rise to $24.00 in AKP, the biggest holding, and a 1.5¢ or 7% rise to 22¢ in LYC, the fifth biggest holding. Of the smaller stocks, rises of over 5% … Read more
Trading portfolio The portfolio rose 0.5% today, taking the gain for the week to 4.8% and the YTD return to 17.3%. The biggest positive influences were LYC up 8% and MMI up 6%. The biggest negative influences were FBR down 4% and ARV down 11%. None of the stocks have breached any chart support levels … Read more
Trading portfolio It was another good day with the portfolio up 0.9% taking the YTD return to 16.8%. By far the biggest contributor was FBR up 2.5% or 10%, to 27¢. The next resistance is the all-time high of 30¢ seen in August. Other stocks Two more Pilbara conglomerate gold hopefuls emerged today, being Haoma … Read more
Trading portfolio I sold out of the KDR this morning at 93.5¢, less than the 97.5¢ I paid just a few days ago, following yesterday’s break of the short term uptrend line. The stock closed today at 95¢ but the sale increased the cash position to 5% from 3%, giving me a bit of room … Read more
Trading portfolio I sold the ARU at 10.5¢ today, the same price as I bought them a few days ago, because I wanted to generate cash for some potential purchases. My reason for buying them was that they had broken through resistance, but I drew another line on the chart and realised that wasn’t necessarily … Read more
Trading portfolio I tipped some more funds into the trading portfolio today and used them to buy back into leading Pilbara gold conglomerate play Artemis Resources (ARV, 27¢ up 3¢, $125m) at 27.5¢ and also into high-quality lithium play Kidman Resources (KDR, 95¢ down 2.5¢, $331m) at 97.5¢. Both have broadly supportive charts. It was … Read more
Trading portfolio The quarter ended well for the portfolio; it was ahead 1.8% today and this took the YTD return to 12.6%. By far the biggest influence was a 7% rise in AKP to $21.18. Other important contributors were FND up 7% and MDL up 6%. The rise in AKP followed an announcement today updating … Read more
Trading portfolio I had an unfilled order left over from yesterday, to buy some Arafura Resources (ARU) at 10.5¢, and this was completed first thing this morning. The portfolio value was unchanged today, leaving the YTD return at 10.8%. By far the biggest impact was a $1 or 5% fall in AKP to $19.80 but … Read more
Trading portfolio I sold half the LYC at 17.5¢ today on a break of the short term uptrend and (of course) the stock recovered to finish at 18.5¢. With the proceeds I bought more of FND at 22.5¢ (of course) just before a negative announcement which pushed the price down and bought into one of … Read more
Trading portfolio The portfolio declined marginally today, down 0.1%, taking the YTD return to 11.6%. Small rises in ADA, AKP and APX were offset by small falls in LYC, FBR and EOS. Worth noting that APX made a new high. Other than that, none of the movements held much significance. Other stocks Lucapa Diamonds (LOM, … Read more
Trading portfolio It was a much better day today. The portfolio was up 1.6%, raising the YTD return to 11.7%. Big contributions were made by AKP up 5%, LYC up 6% and EOS up 4%, in that order. But a 4% fall in FBR took away some of the gloss. The rise in AKP to … Read more
Trading portfolio The portfolio rose 0.6% today, taking the YTD return back to 10.0%. The biggest influences were a 4% rise in EOS, followed by a 13% rise in CIO prior to it being placed in a trading halt pending a capital raising, then a 2% rise in FBR. On the negative side, the biggest … Read more
Trading portfolio This morning I bought some shares in rare earth hopeful Hastings Technology Metals (HAS, 23.5¢ down 0.5¢, $156m) but mucked up the order so by the time I made the purchase the shares had moved and I ended up paying 26¢. Should have been more patient. The portfolio was down 0.3% today, taking … Read more
Trading portfolio The portfolio fell 0.2% today, taking the YTD return down to 9.8%. The biggest influences were falls in LYC -3%, EOS -2% and MDL -6%, and rises in MMI +6% and CZL +6%. Again, none of the movements altered the look of any of the charts. I wrote an update research piece on … Read more
Trading portfolio The portfolio dropped 1.1% today, reducing the YTD return to 10.0%. By far the main culprit was LYC which fell 1.5¢ or 7% to 19¢ following the release of its financials for the fiscal year. An 11% fall in CZL and a 6% fall in MMI added to the losses. These negatives were … Read more
Trading portfolio The portfolio slipped 0.2% today, reducing the YTD return to 10.4%. A 3% fall in AKP was largely offset by a 4% rise in FBR. Larger moves occurred in some of the smaller stocks but were less significant for the portfolio – biggest rises were in CIO up 7% and BLG up 5%, … Read more
Trading portfolio I sold out of ALK and DTL today at 16.5¢ and $1.72, after they cut short term uptrends, and doubled up on ADA at $2.75. The cash position increased from 3% to 5%. The portfolio rose 0.4% today, taking the week’s return to 0.3% and the YTD return to 10.7%. The biggest influence … Read more
Trading portfolio The portfolio did OK today, up 0.8% and taking the YTD return to 10.3%. Biggest influences by far were a 8% rise in EOS and a 3% rise in AKP. The other big holdings – FBR and LYC – were unchanged. I commented at some length on EOS yesterday. Well, today there was … Read more
Trading portfolio Down another 1.3% today, reducing the YTD return to 9.5%. The biggest influences were a 5% fall in EOS, a 4% fall in LYC and a 2% fall in FBR. Yesterday’s purchases didn’t do too well either but that was no surprise – I have often found that in the days immediately after … Read more
Trading portfolio There was a flurry of orders today in an endeavour to reposition the portfolio for gains. Six stocks were sold and five stocks were purchased. Sales comprised: BC Iron (BCI) at 16¢, bought at 16.5¢ in July. Breaker Resources (BRB) at 67.5¢, bought at 77¢ in August. iSignthis (ISX) at 15¢, bought at … Read more
Trading portfolio The portfolio rose a marginal 0.2% today, taking the YTD return to 10.2%. The main positive influence was a 9% rise in LYC, while the main negative was a 4% fall in FBR. In charting terms FBR at 23¢ is now a fair way from its recent peak of 30¢ but is arguably … Read more
Trading portfolio The portfolio did quite well today, up 1.1% and taking the YTD return to 11.5%. The biggest positive influences were a 5% rise in LYC and a 3% rise in AKP. Rises of 3% in ALU and APX were useful too. The largest negative was a 1% fall in EOS. I think I … Read more
Trading portfolio It was one of those rare weeks where no changes were made to the portfolio. There are 22 securities held. For the record the six biggest holdings are now AKP 17%, LYC 12%, FBR 11%, EOS 10%, ALU 7% and APX 5% of the portfolio. The cash position is just 2%, partly because … Read more