Trading portfolio This morning I sold out of Clover Corporation (CLV, $1.535 up 3¢, $254m) at $1.54 just one week after I bought them at $1.675, because they appeared to have cut their uptrend yesterday. The portfolio slipped 0.7% today, taking the loss for the YTD to 1.5%. Nearmap (NEA, $1.41 down 11¢ or 7%, … Read more
Trading portfolio This morning I sold out of Rent (RNT, 7.7¢ down 0.1¢) at 7.6¢ after it broke support. I had bought them at 9.2¢ back in April so made a sizeable loss. It was another poor day I’m afraid, with the portfolio finishing down 0.9% and putting the YTD return into negative territory. The … Read more
Trading portfolio This morning I completed the purchase order in Audio Pixels (AKP, $16.79 up 59¢, $451m) at $16.10, striking good fortune in my timing for once. I also added one third to the position in Nearmap (NEA, $1.55 up 8¢, $611m) at $1.545 after its breakout. The stock is now the biggest holding at … Read more
Trading portfolio I bought back into Audio Pixels (AKP, $16.20 down 36¢, $436m) today, or I tried to. But the stock is ridiculously thinly traded because most of the capital is held tightly by management and long term holders, and I only got a tiny fraction of my order at $16.10 completed. I had sold the … Read more
Trading portfolio Audio Pixels (AKP, $14.32 down $2.92 or 17%, $385m) issued an update just prior to the open and it seems they are still having problems with the wafers. The market took it negatively, and since the shares were already on the long term uptrend, that broke. Despite liking the story I had no … Read more
Trading portfolio This morning I sold out of Clover (CLV, $1.625 even, $268m) at $1.60, making an excellent profit on the 78¢ I paid in March. The stock has broken its uptrend line but not its uptrend as yet, and has not broken down below support at $1.58, but I felt it was time to … Read more
Trading portfolio Had a busy morning. I sold out of the remaining TTT at $2.27 and bought into ALU at $23.89, CTD at $26.74, LVT at 49.3¢ and SEK at $21.89. Don’t have time to go through the details but essentially all of the buys are recent breakouts. The portfolio rose 0.2% today, taking the … Read more
Trading portfolio The portfolio gained just 0.2% today, taking the YTD return to 27.3%. Best contributions came from AKP +2% followed by CAJ +3% and CLV +3%. Biggest negative contribution came from APT -2%. Not much else to say today. Long term portfolio In its best performance for many months, PHK today jumped 3.5¢ or … Read more
Trading portfolio This morning I sold some stocks in order to buy more APT plus withdraw some cash. In more detail: – I sold a portion of the holding in Electro Optics Systems (EOS, $2.99 up 19¢, $272m) at $2.88 following their break of support yesterday, for a loss of 27¢ or 9%. Unfortunately the … Read more
Trading portfolio This morning I sold out of Global Geoscience (GSC, 42¢ down 2.5¢, $562m) at 41.5¢, making a 2¢ loss on the purchase. The shares opened weaker after its $53m institutional placement at 41¢, thereby diluting its own shareholders by 10%. There is no excuse they can reasonably offer for dudding their own shareholders … Read more
Trading portfolio The portfolio lost another 0.8% today, reducing the YTD return to 27.4%. Main negatives were KOR -7%, TLG -6% and XTE -5%. Main positive was LNU +7%. For once, there is nothing more to say on the portfolio stocks. Other stocks For varying reasons some of the larger lithium stocks are getting slaughtered. … Read more
Trading portfolio This morning AKP rose to very close to its medium term downtrend line (extended from the October peak of around $26) and I took the opportunity to sell a little of the holding at an average of $23.73, representing a nice profit on the purchase at $16.50 back in June. For once I … Read more