Australian (ASX) Stock Market Forum

Speculative Stock Portfolio

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Does anyone know an easy way to ride the digital currency or Crypto craze? When I say easy I mean rather than buying individual digital currencies, can you buy an ETF or LIC that are heavily invested in Cryptos?

I've been looking into this area and reading other forums on it and on the ASX I found 1 stock that is involved with digital currencies. So bought some Digitalx Ltd (DCC) to add to this bunch of speculative stocks.

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Two stocks bought today, one heavily beaten down stock of this year and one mining stock.

First stock is Freelancer Ltd (FLN) which has gone down most of the year and from what I have looked into it's been feared that the other online players that are emerging will erode Freelancer's market share. I think the sell down due to this fear is over done and it is due for some recovery. FLN is still the largest in it's space as the latest company info states:

""
Wednesday, 18 October 2017 - Freelancer Limited (ASX: FLN), the world’s largest freelancing
and crowdsourcing marketplace by total number of users and total number of jobs posted...
""

2nd stock is Metals X Limited (MLX). I've been following the progress of this stock more than a decade and it has been managed well in my opinion over the years. In recent years it has spun off it's gold assets into a separate company called Westgold Resources Ltd (WGX). It mines Tin which brings in the cash and that operation has been going on since I've first came across this stock ages ago. It also had a massive Nickel/Cobalt deposit named Wingellina, that was evaluated for mining but was put on hold due to lack-luster economics due to Ni/Co prices at the time.

The reason for buying is due to the latest announcement that MLX is re commencing studies at it's Wingellina Ni/Co deposit due to improved prices in the current market. If economics add up for this round of studies it could re-rate the company because this is a big deposit, as the company states:

""
Wingellina, also known as the Central Musgrave Project (CMP), remains as one of the largest undeveloped nickel-cobalt deposits in the world.
""

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Bought Oil/Gas explorer with more cash in it's books than what the company is worth. Yes it has $352m cash with a market cap of only $319m at current price.

Company is Karoon Gas Australia Limited (KAR).

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Sold the remainder of Clean TeQ Holdings Limited (CLQ) this morning. It went lower and closed the recent gap and buying was looking weak below it in market depth, so I got out. It may continue higher, so I'll keep watch to see if it's worth another go.

Also news on Connected IO Ltd (CIO) that LG has become a customer buying some of their products.

Closed Positions:
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As the share price has run up considerably in a short period, took partial profits on Digitalx Ltd (DCC).

Closed Positions:
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Although I don't have the chance to watch the market during much of the day, had to keep a lookout for NMT around 50c since there was resistance from old high. So when it started re-tracing from testing this level I decided to take some profits on Neometals Ltd (NMT).

Closed Positions:
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Bought Clean Seas Seafood Ltd (CSS) after researching it. Just raised funds and company is expecting to get to cash flow positive, so probably won't need to keep raising any time soon. It reminds me of the early days of the TASmanian SALmon producer Tassal Group Limited (TGR). There were issues TGR had to deal with in it's early days of salmon farming, but once sorted the stock did well to get to where it is today.

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With Resource and Mining stocks retracing especially in the speculative end of town, I decided to sell two of my speculative mining stocks today. Both Northern Minerals Ltd (NTU) and Metals X Limited (MLX) have left the portfolio but I will monitor them as there may be another opportunity to buy them if the resource stocks show some recovery.

Closed Positions:
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Bought infant food and milk formula maker Bubs Australia Ltd (BUB) which is also a stock popular with traders, so hoping it will go up...

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Sold Freelancer Ltd (FLN). The price recovery doesn't seem to be taking place, so will keep that cash for better opportunities. Wish everyone a Happy New Year !
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Closed:
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Couple of stocks added to start off the year.

First is an Australian Icon that has fallen out of favour somewhat. It has gone through some business re-structuring and I think rather than being down and out, it could recover from here. Company is the maker of well known Hills clothesline amongst other things, Hills Ltd (HIL).

Having made a profit last year, I've decided to buy back Lithium/Titanium stock Neometals Ltd (NMT) also.

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aus_trader said:
Your open portfolio looks pretty good, it'll be a lot better with the big price jump with Cann Group Ltd (CAN) today :). I would like to see the sold stocks too if you can post.
Click to expand...
upload_2018-1-4_23-12-54.pngupload_2018-1-4_23-12-54.png

Win Some loose some but in front!
not sure why the chart is in twice.

I have just started using conditional buys and sells in Comsec and updating my trigger price as stocks reach new highs.

Sold AU8 today using a Falling Sell through Comsec. Made a loss but better than a huge loss.
 

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