Positions updates

[Miner]

Fully understand Sean and respect what you said.

For the broader community interest of this forum I am sure you would return sooner than never.

Take care and regards

 

[JTLP]

Kennas...hope you didn't mind my thread dedicated to you LOL!

I, much like Miner, value your research highly. You have given valuable insight and regulated this place nicely.

My parent's always told me there were 3 things you should never talk about at the dinner table; sex, politics and religion...but hell...they are the 3 best to get the party started!

Take care my good man.

JTC

 

[Sean K]

Thanks guys, much appreciate the support.

Unfortunately alcohol has been a contributing factor to some of my slip ups lately.

 

[JTLP]

Ahh kennas pobody's nerfect!

Just help soothe my nerves with MLM !

Whats going on out there lol!

 

[Sean K]

Yep, looks sick. Price of Ni is killing it. It's saviour will be Metrocoal and Cape Alumina if they ever get them out. There should be a bottom at .45 in all likelihood, but the overall market is just smashing everything right now. The facts and fundamentals haven't changed for this, but technically, I may have to sell. Down quite a bit on this and CGG at the moment.

 

[JTLP]

Yeah the market is giving everything a pasting.

I'm just holding out for the coal updates. Hopefully can get up around buy-in and a sell will occur.

Selling out now for me would be crazy. Baby + bathwater?

You are right, does need support...too hard to set a stop with the illiquid nature though.

Bugger

 

[Sean K]

Sold all of it at ave .28.

Of all my stocks this is the first one I'd like to get into cash with.

I'm probably going to sell quite a lot of things, or part off to have cash for latter on.

 

[Sean K]

Sold a few things today, which I have been threatening for months and held back because of greed.

Now fear got me, as I have a feeling the market is going to go pear shaped in the next few weeks.

I hope not, but I have too much at interest and are nimble enough to get back in at short notice.

So, I sold all CGG, 1/3 BFE and all MLM today.

I think they are great stocks but will be back in once they start going up again.

 

[Miner]

Sean
Yes, I do sound the same sense of fear. Most of the stocks are red in my portfolio. But you are very astute investor and bloody knowledgable. There are few like you in this forum.
I am now really afraid that you are under fear and selling your stocks what will be the situation of ordinary blogs in stock markets who know nothing about market or investment tools.

It is really a frightening sign to me and if YT, Julia, Doctor J, Prospector, and Hangsang join you then situation will be worst

 

[JTLP]

You sold MLM !

I was tempted but it got back to even for the day. THey just better get a wriggle on.

All the best Kennas!

 

[Sean K]

I've made several mistakes the past 2 months, basically not taking enough profits and not selling some things that went backward more than 10%. That includes both MLM and CGG.

Missed heaps of profits by not locking in IRC early, and not taking some (maybe half) off the table of AZM, KMN, and DMM.

Why didn't I? Greed.

Self flagilation go on:

:whip

 

[Sean K]

I've sold a few and am going to sell the lot.

I don't like management.

 

[Sean K]

Cripes, what a disasterous couple of months.

Seen quite a few profits slip slide away and made a couple of nice capital losses on some stocks I should have sold earlier. Went against my trading plan, not cutting the losses early, expecting the 'fundamentals' to hold them up.

Silly Sean!!

MAK has been the biggest killer, and in harry, should have taken more profits on the break through $2.00. Can't see it going too much lower with the market. Famous last words.

LGL and NCM, which I've been threatening to sell have turned up with POG and should have a good Monday. Unusual vol on NCM a few days ago, I'm suspiscious.

Sold MLM and CGG for 25% losses. Ouch. You idiot! MLM still has huge potential with the IPOs but it's flagship Ni project looks like a turkey. Market thinks so by the look. Potential bottom at .45 though. CGG just died in the ****, very surprised.

Sold half STB for 35% gain and going to sell the rest. Getting bored. Is on the watch list for a break up. Still has potential, but tried to talk to the company last week about progress (you know, like digging a hole) and they weren't interested.

BMN stalled at $2.50 resistance as expected and gone through some consolidation. Revised JORC coming up and if it hits 100m lbs it should be sitting on a $600m MC if the Rio sale is a measure. That's about $6.00. a share.

BFE and DMM. Zzzzzzzzzzzz. Sold a third of BFE just to get back into some more cash. Come on boys I'm getting bored.

AZM consolidating (too much of course) but as expected around the .20 market. Should have taken some profits there, but I was asleep at the wheel, again. Goose. Drilling results imminent and hopefully they are as good as the last. Looking forward to initial JORC at Bepkong next month.

Getting KMN under 20c was a masterstroke. Risky, but paid off with the release of extraodinary drillling results at Kalman. Need some follow up for this old dog to keep kicking. Woof!!

Looking at:

Nada!

The markets are fvcked!!
I want some more cash, for the capitulation.

 

[Miner]

what do you now you think of ASX on Monday considering DOW has again dived on Friday ?

 

[Sean K]

Mixed Miner.

Resources might do OK. Gold and oil flying. I expect 3-5% gains on AZM, KMN, LGL and NCM, pending Asian gold trade. Should be up though.

Financials and housing related stocks will be crucified. Not going there for some time. 5 years? eeeek!

Still want to take some more off the table somewhere.

 

[Sean K]

Sold last parcel of STB the past 2 days, ave .26.

Both went for 35 and 30% gains.

Watching for any significant moves or news to get back in, pending market.

I think there's a future for good Poo players mid term, but short term the markets are cactus.

 

[Sean K]

Sold half KMN at .26 for a 20% gain and a handful of MAK at 1.60 for 178% gain.

Gathering a war chest for the 'bottom'.

Why I haven't had any shorts on beats me.



Amateur.

 

[JTLP]

War Chest...LOL.

No shorts cause the US is giving 4 seasons in a day...much like beautiful Melbourne =)!

 

[Sean K]

Looks like I sold some of those KMN at the right time.

Just saw a 200K order go through up to .27. Someone wants some.

Nice work kennas.

 

[Sean K]

Well, that didn't last very long.

I'm out completely at .25 till the dust settles, pending further price action.

If it tanks again for no reason, probably back in.

If it cracks 30, I'm probably back in.