Monday 24 August Going against what I said yesterday, today I sold most of the portfolio online within an hour or two of the open. Being a small scale trader gives me that flexibility and freedom. I still have AKP (because it was too thinly traded to sell all at the price I wanted) and … Read more
Sunday 23 August My portfolio review was published on Friday night. Since then of course US equities have suffered another sharp fall and it is possible we are entering a bear market. My first thought was to sell everything but I have decided to wait for the technical signals stock by stock. That is my system, … Read more
Friday 21 August The portfolio fell 3% this week and for the YTD is down 4%. Not brilliant. The fact that the All Ords fell 2.5% in the week and is down 4.2% for the YTD is no comfort – I don’t care about the All Ords but I do care about my portfolio. There … Read more
Wednesday 19 August Today I sold the holding in Greenearth Energy (ticker GER, sale price 6.4¢, close price 6.5¢) because it looked as if the chart pattern was breaking down. I sold most reluctantly because the story is interesting.
Monday 17 August Today I bought into Alexium (AJX, purchase price 95¢, close 97.5¢).
Saturday 15 August The portfolio staged a small improvement this week with good gains in DVI, EMG, SSM and TAS. For the financial year to date the position is square. During the week purchases were made in AKP and MRL, while BLT and TLG were sold. Click on the links below to view the details … Read more
Wednesday 12 August Today I sold out of TLG at 34¢, making a small loss, and with the proceeds doubled up on MRF at 6.5¢. TLG looks as if it might break down on the chart, and I am acutely aware, of course, that the German pilot plant must be commissioning by now. Are there … Read more
Tuesday 11 August Sold the BLT today at 83¢ for a minor profit and it finished the day at 77¢. I just didn’t like it that the Nasdaq raising was reduced to $10m. Thanks to Long Tail for alerting me.
Tuesday 11 August Yesterday I purchased shares in graphite hopeful MRL Corporation (ticker MRF, purchase price 5.7¢, close 5.7¢,mkt cap $11m) and some more shares to add to my existing holding in Audio Pixels (ticker AKP, purchase price $8.65, close $8.70, mkt cap $223m). I have held MRF previously and sold to raise cash rather … Read more
Sunday 9 August On Thursday I purchased shares in Talga Resources (TLG) at 37¢. I have held this stock in the past, having sold out at a small loss at 39¢ in June. Since then the price has continued to consolidate and looks well placed for an eventual move. There is very strong resistance around 50¢ … Read more
Sunday 9 August During the week AHZ, RNO and SFI were sold and ALU, DVI and TLG were purchased. The week finished with a cash position of 16%. The value of the portfolio increased by 1% over the week, taking YTD losses to 1%. Good rises were seen in EMG and TAS, while DVI disappointed. Details … Read more
Wednesday 5 August Yesterday there was a flurry of transactions in the portfolio for not much joy. It seems sometimes that I am running just to stay still. The stocks I sold, even SFI, one of my favourite stories, had broken short term uptrend lines. In summary the sales were: Admedus (AHZ), purchased at 7.8¢ in July, sold … Read more
Sunday 2 August During the week TAS and NTC were purchased, the position in AZK was increased, and MBE, MRF and VMT were sold. The week finished with a cash position of 8%. The value of the portfolio declined by 3% during the week, taking YTD losses to 1%. Aziana (AZK) is the biggest position, … Read more
Sunday 2 August On Friday I sold out of a few stocks in order to bring my cash balance back up, so none of them were in breach of my guidelines. I will probably regret the sales but there it is. MBE was sold at 25¢, a small profit on the 22¢ purchase made in April. … Read more
Tuesday 28 July Today I purchased some shares in Tasman Resources (TAS, purchase price 5.9¢, close 6.5¢, mkt cap $20m). The shares had broken out a few days ago. Its holding of 436 million shares (46.2%) in Eden Energy (EDE, price 7.4¢, mkt cap $70m) is worth 60% more than its current share price. EDE is an … Read more
Saturday 25 July A lot more shares were purchased than sold during the week. The number of stocks held doubled to 20 and the cash position fell from 54% to just 11%. It seems that after a period of some weeks when very few opportunities were identified, the past week in particular saw numerous opportunities present … Read more
Saturday 25 July Yesterday I sold the holding in Redflow (RFX, sale price 2.6¢, closing price 2.7¢, mkt cap $91m) only a little above my purchase price of 25¢. It had broken the short term uptrend line some time ago and had lost momentum. Probably the wrong thing to do. Adacel (ADA, purchase price 83¢, … Read more
Thursday 23 July Today’s trade in OCC using Metastock v14 for the charting medium bought home much more clearly the disadvantage (for me, anyway) intrinsic to the Metastock system, which is that it omits periods of no trade being recorded, thus compressing some periods more than others. For shares that do not trade every minute or every … Read more
Thursday 23 July Today I sold the position in Orthocell (OCC, sale price 86¢, closing price 71.5¢). You might remember I bought the shares earlier in the week at 61¢, on a breakout. They have raced away since then and in fact today recorded a high of 95¢ before falling sharply away. I managed to sell … Read more
Tuesday 21 July Yesterday I splashed out and bought 7 shares, most of which I had held previously. Comments on each of these investments follow. Benitec (BLT, purchase price 81.5¢, current price 81.5¢, mkt cap $94m) is a biotech hopeful which I felt was about to surge. Possibly jumped the gun. FSA Group (FSA, purchase price 1.39, … Read more
Sunday 19 July During the week GER was sold, while AHZ, AZK, HUB and MRF were purchased. The portfolio is now down 1% for the financial year to date. Modest gains were made by most of the older stocks during the week but a fall in AZK affected the overall performance. I have found that it is … Read more
Sunday 19 July On Wednesday 15 Jul I purchased some Aziana shares (AZK) at 15.5¢ and some the holding in Greenearth Energy shares (GER) at 7.0¢. AZK had broken its downtrend line on the previous day by rising to 14.5¢. They took off on Wednesday. I managed to buy them at 15.5¢ and they continued … Read more
Monday 13 July Today I bought positions in three new stocks: AHZ at 7.8¢, HUB at $1.50 and MRF at 6.0¢. Unfortunately I had to pay up as each stock decided to go for a run today. Have run out of time to further discuss these tonight.
Sunday 12 July The position in EGH was sold during the week on a break of trend, leaving just 7 stocks in the portfolio. Some more cash was added from outside sources during the week, increasing the cash position to 67% from last week’s 50%. As I said last week, I have been finding it … Read more
Tuesday 7 July Today I sold the position in retirement village owner and operator Eureka Group Holdings (EGH, 46¢, mkt cap $87m) at 46¢. I had picked them up in the SPP at 45¢ just a couple of weeks ago but since then they have been drifting each day and today they broke down through the … Read more
Sunday 5 July I sold a lot of stock during the week, being CLQ, LER, RHT, RNO, SRQ and ZIP. Most had broken uptrend lines. Probably I sold some prematurely – some have since rallied and others still could recover. Right or wrong, I just felt I needed to take some risk off the table. There are … Read more
Tuesday 30 June I had some unfilled sell orders left over from yesterday. All the RHT were done today at 4.2¢ and a bit under half of the SRQ at 1.2¢. The portfolio finished the financial year with overall gains of 31% and a cash position of 48%. Tomorrow I start with a clean slate.
Monday 29 June I sold out of all of the above positions today. It was a poor day on the market and some of them broke short term support. Also I felt I should increase my cash holdings ahead of Europe’s reaction to Greece, just in case.
Tuesday 23 June Today I sold the holding in Capitol Health (CAJ, 77¢, mkt cap $418m) at 76¢ because yesterday it closed at 80.5¢ and thus broke support at 82¢. I had bought them at 94.5¢ in May so it was certainly disappointing. But I couldn’t take the risk of further weakness – one interpretation is … Read more
Tuesday 23 June Ziptel (ZIP, price 82.5¢, mkt cap $45m) had been one of my favourite stocks, but in the last couple of days it has collapsed, falling from Friday’s close of $1.04 to as low as 74¢ today, before rallying to close at 82.5¢. The trigger was an announcement by the company on Monday. … Read more