Positions updates

[Sean K]

Damn! Lost the initial chart, and it's on my computer back in Peru....

Have added what I thought was there with the possible pole and pennant, with approximate target depending on where it breaks.

 

[Sean K]

Tested 1.25 yesterday and just held, but I reckon will be smashed today with everything else. If so, I will take out my last investment, till up trend is confirmed.

 

[Sean K]

Great recovery yesterday, but sold a few into the bounce. Waiting to see if this flag breaks up.

 

[Sean K]

Unfortunately, I am on the road travelling around Brazil at the moment and have left my computer home with all my files on it, so no graphs. I really should have bought my USB stick with my important files..

Currently working in my hotel with my wife's computer while she's attending a conference. From next week, it's all internet cafe's so won't be much from me.

Over the past couple of weeks I've sold in to any bounces and cleared the desk with disasters.

BFE sold all for 50% loss. Wanted to get out much earlier but there were just no buyers because of so thinly traded. Bad timing to get into this spec of specs.
Sold all LGL and NCM, for 5% and 70% gain. Looks like long term uptrends over, but ready to go back in if gold starts back up.
Bought and sold WOW and WBC for a few % gain. I did buy them for the 'long term grandkids' portfolio, but reviewing the markets there might be a chance to get in lower.
Bought a few more AZM preparing for the JORC which was as expected but was on a XAO shocker day and gold getting smashed. Bad timing. Holding on.
DMM holding.
Bought a few more MAK on the jump but then sold on the sell off for nil result.

Haven't been day trading the index, forex, or gold as I can't put the software on this computer and won't have time anyway.

So, the only stocks I'm holding now are AZM, DMM and MAK, with about 65% cash, of active investments. Still 45% in Super, which has probably been decimated the past year.

So, for the next 4 weeks, not much from me as I'll soon be on a real holiday touring Brazil, Uruguay and Argentina.

Will be updating the blog as I go. http://www.thesurvivalimperative.blogspot.com/

Good luck with your trading/investing.

kennas

 

[Miner]

Enjoy your holiday and look for some iron and steel technology cheaper conversion.

I am seriously asking if you please cast your eyes. Currently with low grade of Fe, high cost of energy, low supply of coking coal there is a thrust on seeking iron production with non coking coal and low FE.

I have been advised by some one in this field that Brazil offers some new technology.

IMO there could be real money to make in this search.

Good luck and talk to you soon through this forum

Regards

 

[Sean K]

New technology?

The only new technology I'll be looking at is how to make caipirinha's.....

A cup, some Cachaça, sugarcane juice, limes and ice....

Rocket fuel!

 

[Sean K]

No change.....

I have been out of the office for the past 4 weeks travelling around a bit and have had no opportunity to make any decisions on stocks or take advantage of the decline in the overall market.

It's probably been impossible to get out of AZM and DMM anyway due to the low liquidity there. Still holding MAK as I am clinging on to the assumption that Wonarah will be economical.

Not thinking of trying to pick any bottoms at the moment as fear has gripped the world.....

Unless the entire system falls over though, you'd have to think that there's some long term value appearing...

Perhaps.....

 

[Garpal Gumnut]

The only ones I've been accumulating for the long term are BHP and RIO.

In for a penny, in for a pound is my motto in these crazy times.

Both are worth looking at on long term support /resistance levels.

gg

 

[JTLP]

GG...if I was home id be baggin BHP as well. But I needs all the money for my trip...feel like picking a few up for me in the 20s?

Kennas...keen on meeting up for a beer in Mexico...id love to meet the man behind the legend haha!

These markets are just crazy...panic mode has heightended again tonight...god bless!

 

[Sean K]

I'm stuck in Peru for the rest of the year, so no Mehico for me unfortunately.

BHP is certainly on my list of potential buys but my aging heart couldn't take this volatility right now....

Watching gold closely though. If others start to lower rates it may be the kicker it needs.

No intraday trading for me right now either, just sitting on the fence watching the blood...

 

[Sean K]

These two are leading gold up now and look close to breaking significant long term resistance at $26.50 and $2.75 ish respectively.

They might be the only real opportunity for long positions over the coming months.

Watching.....waiting....

 

[Sean K]

After golds recovery and approach to breaking downtrend line these guys might get close to breaking positively through today, but I think gold needs to be breaking $930 ish for that to occur.

Watching....

 

[Garpal Gumnut]

No J mate, Out of cvn, I'll wait awhille, I think the oilers are on a downer, only ones I'm looking at are anz ( takeover play) , rio and bhp. All for longterm.

Adding in a down market for small caps I'm wary of. When fear grips , the smaller ones get sold down straightaway, I think so anyway.

gg

 

[Sean K]

I have discussed a 'model portfolio' in my blog and bought a couple of them a while ago (WOW and WBC) but ditched them within a week due to the market action.

Now, while 3400 may be a possibility, getting in somewhere between now and then (maybe Monday) may be a very long term good investment.

But, what is safe?

I think the only thing I could say might be ok right now is WOW, but have my eyes on all the others on the list.

Anyone got a long term pick, or sector, that may be safe?

Healthcare: CSL, COH, HSP?

 

[prawn_86]

Im liking the look of ANZ and AMP at these prices.

Mainly based on yeild over the long term, although obvious finance sector risks associated...

 

[Gurgler]

I also feel attracted to CSL - with which I achieved moderate success in the past.

Also BHP as the long term growth of China, though stalled, must one would think continue. Or am I deluding myself?? Is the ongoing move at RIO proving a thorn in its side?

 

[Sean K]

I think this is still just a hiccup in the long term Chindia story, but it will take a few years to sort itself out. BHP/RIO will come out of this and mop up the minnows and make a fvcking killing..

I agree with ANZ and AMP, but prefer WBC in the banks, but you're right about risks in the fin sector Prawn.

But, I really think this action is now purely emotion and NOT rational. Just have to see how far the emotion takes us. The rebound may be significant and I don't want to miss it...

 

[Sean K]

Glad I'm still watching. Gold is in the dog house again..

 

[Sean K]

The sell off on Friday and bounce Monday world wide looks very bottom esqe to me...

A bottom anyway.

 

[Sean K]

The market is still full of fear but just hard to say if it's going to make a lower low, and if so, how low? Much further that 3800 or whatever the low was? If it went to 3400 support and 61% retracement that's not much lower really....hmmmm