Positions updates

[Sean K]

I suppose something to put here may be a list of my current holdings so people know if I'm ramping something I own, or if I'm ramping it for someone else.

Alternatively, if I'm downramping something, and I hold it, someone else is obviously ramping it! See BMN thread for a good example of this.

I'll update things when I buy or sell a stock, and weekly, to reflect portfolio rebalance.

This is obviously not a 'model share portfolio' for the average investor. I have previously held many 'blue chips' in the portfolio but I now use the managed funds to capture those companies. My brother, who is a financial planner, would consider these stock holdings as an abomination, when looked at in isolation. He's happy with the managed funds though, because he's recommended them to me.

I do quite a bit of very short term trading also which won't be captured here and I might put that under another topic.

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Note: I am not qualified in anything remotely related to finance, so please, DYOR, get your own advisor, blah, blah, blah...

 

[motion]

Kennas, Great work, it's interesting to see what other people are interested in and how it works for them. I'm interested in blogs because it's a way of learning and sharing your own thoughts on a general scale...

I will keep reading your blogs keep up the great graphs....

 

[Joe Blow]

Nice work Kennas!

This is exactly the sort of thing I was hoping people would post in here! Interesting stuff, keep it up!

 

[marklar]

Thanks for the insight Kennas, I too have moved my trading away from blue chips as I have already got sufficient exposure to them through Super and managed funds. Speccie miners and biotechs have got my attention.

 

[Sean K]

Bought more NEM today $5.34.

 

[Sean K]

I doubled my holding in NEM this week with POG breaking $700. I was going to top up LHG and NCM as well but decided to wait for a few days to see what goes on with the US market in general. Looks like there's still potential for further sharp drops in the market in the coming weeks.

I'm considering taking some off across the board in the comming days, pending market action.

I've also amended the graphs in the first post to represent my day trading account with IG. That was included in the cash component previously, as I don't leave positions open overnight.

Cheers! kennas

 

[Sean K]

Looks to have broken out with POG and news of TSX listing.

 

[Sean K]

30 cents seems to have formed up as significant resistance and there's a nasty H&S looming. Just taking a few off the table to see how it pans out. Sold half.

 

[Sean K]

Been holding this for a little while and it's just not moving. Getting a bit bored.

Valentine will turn into an elephant now.

 

[Sean K]

Recently bought more LGL and NEM.

Sold half NWE and all FAR.

 

[doctorj]

FAR clearly didn't fit in to your shares beginning with 'm' or 'n' only policy

In all seriousness though, good stuff. You know what I think about FAR - sold down most and just waiting for Canning for the rest.

 

[Sean K]

LOL. In the past I have tried to cover the alphabet for 'diversification', but I'm lacking now aren't I! Definately need some gold, oil, or uranium after N....Then I'll be more diversified.

 

[Sean K]

Didn't like the resource downgrade at all. The reasons for discounting a large proportion of the original estimate are unclear to me. So, until I understand what's going on there, I'm on the sidelines.

 

[Sean K]

After selling MTN and stock movements.

 

[Sean K]

H&S may not eventuate. Looks to be breaking back above 30.

With a positive hold I may step back in.

 

[Sean K]

Broken up.

Selling half at .285 was a great move!

 

[Sean K]

I'd be ramping by putting this in the forum.

 

[vishalt]

looks like a nice buy with Gold taking off, personally id just buy a small quantity today and then put a decent sized order @ support, i hate not getting in the stock waiting for a so called "pull-back" which doesnt happen in extremely bullish markets

 

[Dutchy3]

Hi kennas

Big White + Volume + new air for this one on Thursday ... Not much adverse reaction on Friday to the move either ... opportunity to top up?

 

[Sean K]

There have been ongoing rumours that either may be a takeover target but I believe the best case for both companies, and for the Australian gold industry, would be to merge and form a mega gold miner to take on the big players. With both errasing their hedge book and clearing debt they will have the balance sheet for numerous and significant acquistions. Perhaps even become one of the top 3 gold miners over the next 5 years. Now's the time to get into bed boys, or be taken by a foreigner.