Positions updates

[Sean K]

60m ish shares on issue and now trading at .23 gives it a $14m MC aroundabouts.

They were drilling the Cowell deposit last month and were supposed to finsih end July. Putting 6 holes into it.

Looks pretty cheap for the potential, along with it's gold and copper potential.

Still watching, but tempted at these levels.

Couldn't go too much lower could it?

eeek!

 

[Sean K]

No, What I've got I intend to hold medium term, but will take profits if there's a decent run. Well, that's the intention at the moment. If anything, I will probably be a buyer in the coming months.

 

[Sean K]

Nice work topping up LGL and NCM over the past week or so.

Crikey!

Moments like these you wish you weren't a long investor and were sitting on piles of cash earning interest...

 

[Sean K]

Wow, hit 1.08 on yesterdays whalloping. If I had have been up that would have been me. Shame. If they get to mining, this price looks long term dirt cheap. Will I, won't I....

 

[Sean K]

I've bought a few WOW today at $26.15, as part of my 'Model Portfolio'.

It's the start...

Just going to start adding as I go.

I haven't bought the $10K I was planning to though. Bought $26K.

 

[Sean K]

Looking at this again after been sold off with the rest of commods, back down to 20c which makes it relatively good value again.

Further results from Kalman due, and an upgraded JORC.

Could be a good short term trade.

However, all commods getting hammered, so high risk.

hmmmmm

 

[Sean K]

Looking to add WBC and maybe ASX on Monday.

WBC for long term, and ASX looks like it's breaking up from potential bottom. Will monitor that one closely.

 

[Sean K]

Picked up 1000 WBC @ 24.24 for the grandkids.

No ASX yet.

 

[Sean K]

The grandkids are going without these now. Staying in as much cash as possible for the foreseable future.

Sold LGL, some AZM and some MAK the past few days.

I'm a lemming.

 

[Sean K]

And gold bounces. Looks like I sold LGL at a bottom of some sorts. Nice work kennas.

I'll buy back in I think.

 

[Sean K]

OK, I got a crap response from this, and their SP is tanking and they have offered a 'we know nothing' response to an ASZ volume querey.

Therefore I am writing to the ASX enclosing this letter, their response, and their non disclosure.

BMN are in doo doo.

 

[Sean K]

Well, the carnage continues.

I have thinned out a few positions over the past 2 weeks and been concentrating on day trading the ASX mini and gold throuh IG. Not doing very well at that either.

I think I'll have to go back to taxi driving soon...

Sold about a third of AZM at 15 for 15% profit. Might try and pick some up cheaper hopefully before gold resumes a climb or the Bepkong JORC comes out. (assuming it's good and not on a gold smashing day)

Panick sold my LGL at $2.15 for a few % gain, after holding them for ages. Also looking to get back in once gold settles.

Sold a few MAK at $1.10 average for about 100% profit. I thought there was potential for a turn around last week, but it's still well trending down.

BMN is turning into a disaster, and I am spanking myself over it. My investment/trading plan over the past 2 years has been to cut losses early, and let winners run. I'm down 50% on this now, and continue to hold because the 'fundamentals' are solid. What a joke. And what a goose. Lesson learnt again. Might sell for a capital loss and buy back in as I think it's way undervalued. 80c may be a bottom.

NCM, holding.

DMM, holding, treading water, thankfully.

BFE, ditto..

Bought and sold WOW and WBC last week for about a 1% gain.

Looking closely at KMN for a short term trade. Back at 20c again and due for a few announcements. Commods tanking might keep it down no matter what though. But, downside looks limited from here.

 

[Sean K]

Sold BMN for 50% loss, will watch for reentry.

Sold NCM for an 80% gain, over some time... Will get a takeover offer now...eeeek!

I think golds going to keep going down for a bit, but if it recovers and breaks back up will be back into LGL and NCM.

 

[Sean K]

Selling down a few more MAK for about a 55% gain.

Far cry from what was a 700% winner at one point.

Idiot.

 

[Sean K]

Bought back into some AZM the last few days at 14.

JORC for Bepkong expected to be out today or tomorrow and I might tell into any strength to take some more profits. Depends on the JORC and response really.

 

[Sean K]

Hmmmmf, No ann from AZM. Disappointed.

 

[Sean K]

Golly what a couple of great sessions, up over 50%.

I did well taking some profits on this around 90c...Nice one kennas.

Well, I never expected this sort of recovery and the markets are sheet house, so right for the times.

I was in Quito and Lima airport last night arguing with customs and didn't get to watch the action. I managed to put in a small order from the departure lounge in Quito (Ecuador wifi craps on Australia) which was filled, and lucky enough not at the day high.

As expected the $1.40 ish level a bit of resistance, and one day hold above $1.40 doesn't mean it's broken imo.

Looks like it was small parcels going through, but could we assume that someone is taking a significant chunk of this the past 2 days? Insto? Maybe.

Anyway, repaired my account somewhat the past 2 days.

I'll look at more if it forms some support and looks to break up, maybe too late to jump in boots and all now.

 

[Sean K]

Added MAK chart to above post.

I expect some consolidation here.

Broke out of the bolinger and sold back, hitting the significant resistance at $1.40, overdone on stochastics, off high yesterday by quite a bit, almost looking overbought on RSI, but not yet. Could go up a bit more before it needs a rest. The only thing that looks great is the MACD...

Couldn't buy more until it consolidates, but I might miss the boat too. I think best to be conservative with any buy and hold investments right now.

That analysis may be way out too, but I think the heard has run.

2C

 

[Sean K]

And a likely reversal occuring. If it doesn't hover here and get back over $1.40, down she goes again.

 

[Sean K]

Possible case here I think is consolidation above some support around the $1.25 level with a descending triangle eventuating, forming up a pole and a pennant. These are very bullish during uptrends but not so much after such a long and dismal slide. So, I will wait and see how this forms up, and look at another entry if the triangle forms and the break up occurs. Until then, the markets are crappo.