Wednesday 15 February This morning I purchased some more FBR at 9.8¢, doubling up on those I had purchased at 11.5¢ in December last year. After having been in a short term decline for some months, today the shares cut the downtrend line. I am hoping they will claw their way back up to test the … Read more
Tuesday 14 February Yesterday I bought some shares in Mozambique ruby explorer Mustang Resources Ltd (MUS) at 8.2¢ upon a breakout on the charts. It is an interesting story. I also bought some more shares in BC Iron Ltd (BCI) at 26¢. Couldn’t resist it. The whole iron ore sector looks fabulous on the charts and I … Read more
Friday 10 February The portfolio’s return increased almost 2% this week, taking the YTD figure to 12%. This was mainly because of good gains by TAS – the largest holding. BRN also did well. Most of the stocks in the portfolio look OK. But of them all, TAS would appear to have the most potential … Read more
Wednesday 8 February Yesterday I sold out of AGO at 3.8¢ after the uptrend line was breached, making a good profit on the purchase at 1.6¢ back in November. I also bought into mapping hopeful Spookfish (SFI) at 9.8¢ on a tentative breakout to new high.
Monday 6 February 2017 An active day today – completed the sale of the remaining ATP at 3.8¢ and added five new positions, all breakouts in one form or another. ALU at $8.26, mkt cap $1.07bn. Altium Ltd sells software associated with printed circuit boards. ARU at 9.5¢, mkt cap $38m. Arafura Resources Ltd is a … Read more
Friday 3 February The portfolio went pear shaped this week and especially today when the iron ore counters dropped sharply, and BRN too, and also I had to sell a number of stocks that did not behave. So the portfolio returns for the YTD fell 5%, taking them to 11% only. Not happy. But at … Read more
Friday 3 February This morning I sold out of GNX at 18.5¢, making a loss on the purchase price of 23¢, when it broke trend. The break of trend was almost certain to happen after the announcement of the issue at 16¢. I must add that firstly the company really mucked this up, given it … Read more
Thursday 2 February Yesterday I sold most of the ATP at 3.8¢, all of the SOM at $3.52 and of SEH at 10.5¢, and half the EOS at $1.87, on the basis that their short term charts had broken down. Overall, a small loss was realised. The rump of the ATP is still for sale … Read more
Friday 27 January 2017 The portfolio had a reasonable week with YTD returns up 1%, taking the YTD returns to just under 16%. Good moves occurred in TAS up 23% and FGR up 17%, partly offset by falls in SEH down 12% and BLT down 11%. The biggest individual holdings are BRN at 10% of … Read more
Wednesday 25 January This morning I purchased some GRR at 20¢ and some LYC at 8.6¢. Both had broken out some days ago, at lower prices, and I should have bought them then. We will see.
Monday 23 January It was a busy day today. I sold: – All the DYE at 20¢, making a sizable loss on the 24¢ I paid in September last year. The shares broke through support on Friday, unfortunately. – Half the MLM at 6.9¢, making a good profit on the 4.9¢ I paid in November. … Read more
Friday 20 January This week I sold the holdings in KDRO, NEA and YAL, and bought into BLT, IRI and LNG. I also added to the BRN position. The transactions left the cash position little changed. Further good gains in the iron ore producers saw returns rise by a further 3%, taking the YTD total … Read more
Thursday 19 January This morning I purchased biotech hopeful BLT at 15.5¢ and IT provider IRI at $2.96, both on breakouts.
Wednesday 18 January This morning I sold out of Chinese-controlled coal producer YAL at 47¢ on the basis that the price had broken down through an uptrend line on the daily chart drawn through four key lows commencing from August 2016. I had bought the shares at 20¢ in September so it was a good profit. I … Read more
Tuesday 17 January This morning I sold KDRO at 32¢ and NEA at 62.5¢ on chart breakdowns. The KDRO was sold at the price of purchase but I had bought the NEA at 80.8¢ so made a big loss. I also purchased some LNG at 79¢ on a chart breakout.
Friday 13 January The portfolio was up 3% this week, taking the financial YTD returns to just under 12%. Good gains were made by the iron ore producers AGO and BCI, plus FGR and LNU. The most important component of the portfolio outside of cash is now iron ore producers, accounting for 13% of its … Read more
Friday 13 January I sold part of the ACU position yesterday, and the balance today, at 2.8¢. I felt that is wasn’t going anywhere fast.
Wednesday 11 January Today’s transactions are the first some weeks. I sold out of BPT at an average of 85.25¢, making a small loss on the purchase at 87.4¢ on 5 December. The shares did not do what I had hoped in the short term and I lost patience. I bought into iron ore producer … Read more
Friday 30 December It was an unusual week in that there were no transactions in the portfolio. The portfolio did a bit better this week with returns ahead 3%, bringing the financial YTD returns to almost 7%. Good performances were put in by BRN, YAL and SEA and for once there weren’t any significant falls. BRN … Read more
Friday 23 December The portfolio lost another 2% this week, taking the financial YTD gains down to just under 4%. Disappointing to say the least, and here I was thinking I was so smart when the gains were almost 18% at the end of the first month. It has been difficult to pick any wins in the … Read more
Wednesday 21 December Today I sold five stocks on the basis that they had broken down or I was bored with them. Under the headings stock, sale price, purchase price: 4DS, 2.6¢, 3.8¢ DTL, $1.47, $1.73 MEL, 4.7¢, 3.9¢ OCC, 41¢, 48.5¢ PGC, 81¢, 76¢ As can be seen, most were sold at a loss.
Friday 16 December The portfolio lost 2% this week, taking YTD returns to 6%. The biggest disappointment was LEG which came out with a very ordinary drilling report and collapsed in a heap. So it had been a false breakout. On the positive side, AGO performed well. Portfolio 161216 Price movements in week Graph of … Read more
Friday 16 December Today I sold the remainder of the NSL at 3.5¢ after the chart appeared to break down.
Friday 9 December The portfolio dropped further earlier in the week but finished strongly, leaving the YTD return for the week up 2% overall. Good gains were made in AGO up 32%, BRN up 26% and KDRO (purchased during the week) up 22%. The worst performer was CYP (sold during the week) down 22%. The … Read more
Thursday 8 December On Monday afternoon I sold CYP at 64¢, making a loss on the purchase at 76¢ less than a month ago. Yesterday I sold out of HUB at $5.33, making a small profit on the $4.98 I paid in Auguust. I also sold half the NSL position at 3.8¢, a good gain … Read more
Monday 5 December This morning I bought some KDRO at 32¢ (these are exercisable at 15¢ by 30 April 2018) and some BPT at 87.5¢, both on breakouts.
Friday 2 December The portfolio return YTD fell another 3% this week and it now stands at just 6%. Talk about death of a thousand cuts. Oh well, at least it is in positive territory, so far. During the week I took good profits in a couple of stocks, cut a lot of under-performers and … Read more
Friday 2 December I haven’t been all that active this week, just watching the portfolio die the death of a thousand cuts. But yesterday I bit the bullet on OVL and sold out at 1.5¢, a big loss on the 2.4¢ I paid, and of course the shares immediately after went up.
Monday 28 November It was a busy day today with five sales and three purchases. The sales all comprised shares that had broken support. CMP was sold at 75¢ and finished the day at 73¢. I had purchased the shares at 54.5¢ in June and had sold half at 65¢ in September. Today the remaining … Read more
Saturday 26 November The portfolio was relatively inactive this week, with two shares sold and none purchased. It was another poor week, with the portfolio return YTD declining 2% to just 9%. There were some good performers (the vbest of them being FGR up 24%) but they were outweighed by a lot of under-performers (the … Read more