Sean K
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Sean K
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Bought more around $2.32.
eeeeek!!!!
eeeeek!!!!
Sean K
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I am not sure if this can be sustained and it may be a dead cat. Taking the opportunity to take some off the table. I might pay for it later, I just don't know where the world economy is going...
I sold a few of these yesterday which in retrospect was idiocy, but who was to know the Fed was going to pull a rabit out of the hat?
Sold:
MAKO
NSL
HLX
KMN
Holding:
BMN
NCM
LGL
That's all...
I may have missed an awesome opportunity to buy more yesterday and keep holding long term, but my heart just can't take it! LOL
I sold a few of these yesterday which in retrospect was idiocy, but who was to know the Fed was going to pull a rabit out of the hat?
Sold:
MAKO
NSL
HLX
KMN
Holding:
BMN
NCM
LGL
That's all...
I may have missed an awesome opportunity to buy more yesterday and keep holding long term, but my heart just can't take it! LOL
Sean K
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The Fed is going to lower rates again I think, maybe just 25 points, but this is going to give gold plenty of support which I hope flows through to NCM and LGL.
This bounce may be a dead cat, but hopefully the worst smashings have taken place and we can start moving sideways for a bit.
Good opportunity for a takeover Barrick!
I'll take $50 a share, thanks! LOL
This bounce may be a dead cat, but hopefully the worst smashings have taken place and we can start moving sideways for a bit.
Good opportunity for a takeover Barrick!
I'll take $50 a share, thanks! LOL
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These are not easy times for owning shares. Europe once again is falling and the price is reflecting that it is looking for some support from the US again.
Although I sold my last stock on the asx more than a month ago I still lost yesterday. I sold my Japanese Platinum shares which I bought at 2.51 and sold for 1.799 yesterday. I was expecting the yen to strengthen last night to equal out the loss in the Japanese stocks yesterday. But it didn't happen. oops. Massive loss.
I wonder if the so call carry trade was mainly used to invest directly into the Japanese share market. It looks that way. Or is it a matter of refinancing.
Although the Japanese market appears safer than most I can't see why it wouldn't follow the other markets down. I should have asked myself "how much further can it possibly fall?" 20 - 25% Will look at buying back in if it drops a further 20%.
Was today a suckers bounce?
Kennas today was a good time to have sold.
Although I sold my last stock on the asx more than a month ago I still lost yesterday. I sold my Japanese Platinum shares which I bought at 2.51 and sold for 1.799 yesterday. I was expecting the yen to strengthen last night to equal out the loss in the Japanese stocks yesterday. But it didn't happen. oops. Massive loss.
I wonder if the so call carry trade was mainly used to invest directly into the Japanese share market. It looks that way. Or is it a matter of refinancing.
Although the Japanese market appears safer than most I can't see why it wouldn't follow the other markets down. I should have asked myself "how much further can it possibly fall?" 20 - 25% Will look at buying back in if it drops a further 20%.
Was today a suckers bounce?
Kennas today was a good time to have sold.
Sean K
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Golly, hit a bottom of about $2.25 after the sell off that started at $4.10. Bought more at $2.30.
eeeeek
eeeeek
Sean K
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Maybe I sold at the bottom too.
LOL
LOL
Sean K
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I bought back into MAKO at 27 a couple days ago, as I think the Rock Phos project has some longer term legs and will underpin the price.
I also anticipate the Wolfram MOU is going to turn into a formal JV and the Tassie Tin/Tung project may turn into a money earner as well.
Just bought 50k shares and will add on weakness at this point.
Market looks like it's pretty vulnerable. To say the least...
I also anticipate the Wolfram MOU is going to turn into a formal JV and the Tassie Tin/Tung project may turn into a money earner as well.
Just bought 50k shares and will add on weakness at this point.
Market looks like it's pretty vulnerable. To say the least...
Sean K
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Sold half BMN, the chart looks crap, and could well fall over into the poo pile if they have some bad news or the US has another hic up.
If $2.25-50 holds up will be back in...
If $2.25-50 holds up will be back in...
Sean K
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Bought another 30K a few days ago at 26. Looks to be breaking up. Looking at developing a $50K stake in it on dips. Looks like it has legs...
Sean K
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Well, been a while for a full breakdown but here goes.
Sold:
All managed funds into the bounce. I think we're going sideways for at least a year, and the money is better in the bank earning interest, or paying for beer.
MAKO. Sold all during the dead cat to save profits. Made about 700% profit.
BMN. Sold half at $2.50 a while ago. At about 5% profit. It's looking increasingly sick, waiting for news (litigation to be squashed), or a turnaround on the chart to get back in.
Bought:
MAKO. Regretted selling, and bought back in around 25 cents.
ROY. At average 25 cents. Drilling in March may provide interest. Iron is hot.
IRC. Sitting on trillions IGV, totally overlooked.
MOG. Spec oiler.
Looking at adding to the specs above if they look like they're going to run.
Here's the current breakdown.
Sold:
All managed funds into the bounce. I think we're going sideways for at least a year, and the money is better in the bank earning interest, or paying for beer.
MAKO. Sold all during the dead cat to save profits. Made about 700% profit.
BMN. Sold half at $2.50 a while ago. At about 5% profit. It's looking increasingly sick, waiting for news (litigation to be squashed), or a turnaround on the chart to get back in.
Bought:
MAKO. Regretted selling, and bought back in around 25 cents.
ROY. At average 25 cents. Drilling in March may provide interest. Iron is hot.
IRC. Sitting on trillions IGV, totally overlooked.
MOG. Spec oiler.
Looking at adding to the specs above if they look like they're going to run.
Here's the current breakdown.
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Hi Sean
Just a brief note to reassure you someone's reading!
I sold out of our MF last Aug before that big dip - not wisdom just a lucky break and similar thinking to yours. Not that I have displayed any great intuition since then. I eventually got into GOLD last week - when it dropped from $110 to $105, my most recent lapse in judgement - there have been so many!
I have to see it as building longer term experience - once I get over repeating mistakes, that is.
Anyhow thanks for ongoing postings and reflections.
Greg
BTW I gather you made it back to MLB for a while (missed you by a few weeks), but see you are back in Sth America.
Just a brief note to reassure you someone's reading!
I sold out of our MF last Aug before that big dip - not wisdom just a lucky break and similar thinking to yours. Not that I have displayed any great intuition since then. I eventually got into GOLD last week - when it dropped from $110 to $105, my most recent lapse in judgement - there have been so many!
I have to see it as building longer term experience - once I get over repeating mistakes, that is.
Anyhow thanks for ongoing postings and reflections.
Greg
BTW I gather you made it back to MLB for a while (missed you by a few weeks), but see you are back in Sth America.
Sean K
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Geez, it's been a while, so updating this is maybe moot. It's only value is probably in real time and I've been away too much and been a slack ****.
Anyway, the past month or so:
Sold:
A few MAKO at $1.50 to lock in profits.
Bought:
IRC @ .25.
DMM @ .35 (on top of a bunch at .55 - neither announced)
BMN @ 1.80. (looks like a bottom was formed at 1.65, will buy more on break through 2 again)
AZM @ 0.12 and 0.105. Trying to pick up some more in the 9s, if the market allows.
Current positions below:
Anyway, the past month or so:
Sold:
A few MAKO at $1.50 to lock in profits.
Bought:
IRC @ .25.
DMM @ .35 (on top of a bunch at .55 - neither announced)
BMN @ 1.80. (looks like a bottom was formed at 1.65, will buy more on break through 2 again)
AZM @ 0.12 and 0.105. Trying to pick up some more in the 9s, if the market allows.
Current positions below:
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Hi Kennas,
Had a quick look at some of the stocks you bought in to.
Say IRC, DMM and AZM. What attracts u to them? I had a look at their charts and they look like theres not much volume and less liquidity in them. and a bit flat.
Nothing wrong it being flat since breakouts come from consolidating bits but they just don't seem very attractive to me atm. Just wanted to know your inside view of them.
Cheers.
I enjoy reading your blog posts!!
Had a quick look at some of the stocks you bought in to.
Say IRC, DMM and AZM. What attracts u to them? I had a look at their charts and they look like theres not much volume and less liquidity in them. and a bit flat.
Nothing wrong it being flat since breakouts come from consolidating bits but they just don't seem very attractive to me atm. Just wanted to know your inside view of them.
Cheers.
I enjoy reading your blog posts!!
Sean K
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Some of the reasons are in the threads but generally:
IRC have trillions in IGV at Julia Creek in QLD with their Moly/Vanadium project and also have 11% of RWD and a big slice of RER. I think once they can confirm JC will be economic it will go on a little run. However, if it isn't, it'll crash probably. I have my suspicions as they (and their director M Ruane) have been investing a lot in RWD and RER for some reason.
DMM are just about to bring out an fe JORC in the Congo on their Mayoko Project. Just on part of it I believe, but should confirm their potential.
AZM have a nice JORC at Wa-Lawra in Ghana, at good grades, that is expanding, open pit, probably low capex and opex, potential for a big find.
But, overall, most importantly, all three are currently trading at very low prices comparatively to their peers, with market caps very low. They are all also going through a period of discovery which is when most stocks have their big run ups in prices. Once companies have their resources firmed up and go into BFS and development they usually slide.
All very risky!!!
IRC have trillions in IGV at Julia Creek in QLD with their Moly/Vanadium project and also have 11% of RWD and a big slice of RER. I think once they can confirm JC will be economic it will go on a little run. However, if it isn't, it'll crash probably. I have my suspicions as they (and their director M Ruane) have been investing a lot in RWD and RER for some reason.
DMM are just about to bring out an fe JORC in the Congo on their Mayoko Project. Just on part of it I believe, but should confirm their potential.
AZM have a nice JORC at Wa-Lawra in Ghana, at good grades, that is expanding, open pit, probably low capex and opex, potential for a big find.
But, overall, most importantly, all three are currently trading at very low prices comparatively to their peers, with market caps very low. They are all also going through a period of discovery which is when most stocks have their big run ups in prices. Once companies have their resources firmed up and go into BFS and development they usually slide.
All very risky!!!
Sean K
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Hi mu5h,
Bought more AZM @ 0.094, some STB @ 0.20, RER @ 0.05, and sold half the MOG @ 0.066 (bought at 0.14, ouch)
I'm considering more BMN at these levels, and maybe a few more AZM if the break up from the 10c level is confirmed.
Will endeavour to update as I go.
kennas
Bought more AZM @ 0.094, some STB @ 0.20, RER @ 0.05, and sold half the MOG @ 0.066 (bought at 0.14, ouch)
I'm considering more BMN at these levels, and maybe a few more AZM if the break up from the 10c level is confirmed.
Will endeavour to update as I go.
kennas
Sean K
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And picked up MOG before it went down 60%! eeek!
AZM have bought at .12, .105, .094, so just a little up.
DMM in at .60 and .35, now .50 so a bit up.
ROY in at .26, now .22.
Did well getting into IRC and STB before they started moving.
So, not doing that well!!!!
First buying MAK and MAKO at .15 and .07 respectively wasn't a bad move.
AZM have bought at .12, .105, .094, so just a little up.
DMM in at .60 and .35, now .50 so a bit up.
ROY in at .26, now .22.
Did well getting into IRC and STB before they started moving.
So, not doing that well!!!!
First buying MAK and MAKO at .15 and .07 respectively wasn't a bad move.
Sean K
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Action:
Bought RER at .059, .051, and .051 last week. Has been justifiably punished for it's capital raising at a rediculous discount to upset major shareholder Ruane, from IRC and RWD. I anticipate Ruane getting the better of them and the company being rerated down the track. Has some potentially good resources discounted to its peers. If not, I will be issued with some very cheap shares due to the issue. Whatever the case this is a bit like going to the casino and putting money on black because red has come up so many times!
Bought more STB at .21.
Sold half MOG at .066, bought @ .13, capital loss. Still holding a few and will get rid of them over the next week or so.
Converting MAKO to ordinary shares this week.
Considering:
More STB if .25 is confirmed as support.
More BMN if the chart is telling me a bottom.
More AZM on a break through .15.
Just a few more IRC on break through .42. Holding quite a few.
Thinking about selling ROY, not happy with management's communication with the market, and starting to doubt their projects.
Situation:
Bought RER at .059, .051, and .051 last week. Has been justifiably punished for it's capital raising at a rediculous discount to upset major shareholder Ruane, from IRC and RWD. I anticipate Ruane getting the better of them and the company being rerated down the track. Has some potentially good resources discounted to its peers. If not, I will be issued with some very cheap shares due to the issue. Whatever the case this is a bit like going to the casino and putting money on black because red has come up so many times!
Bought more STB at .21.
Sold half MOG at .066, bought @ .13, capital loss. Still holding a few and will get rid of them over the next week or so.
Converting MAKO to ordinary shares this week.
Considering:
More STB if .25 is confirmed as support.
More BMN if the chart is telling me a bottom.
More AZM on a break through .15.
Just a few more IRC on break through .42. Holding quite a few.
Thinking about selling ROY, not happy with management's communication with the market, and starting to doubt their projects.
Situation:
