The Simple Weekly Income system

[So_Cynical]

Trade #12

• AKP – Audio Pixels
• 540 Shares @ $3.70
• Week 12 - 27/03/2013

Portfolio still less than 1% down

 

[Julia]

Portfolio still less than 1% down

Are you happy with being 1% down?

 

[So_Cynical]

Trade #13

• HHL – Hunter Hall
• 730 Shares @ $2.77
• Week 13 - 05/04/2013

Portfolio now down 2.16% ~ over the next few weeks ill add some miners as its about time to dip the toe in.

 

[So_Cynical]

Trade #13

• HHL – Hunter Hall
• 730 Shares @ $2.77
• Week 13 - 05/04/2013

Portfolio now down 2.16% ~ over the next few weeks ill add some miners as its about time to dip the toe in.

Trade #14

• SDL – Sundance
• 22200 Shares @ $0.09
• Week 14 - 11/04/2013

Obvious choice after such a big decline.

 

[CanOz]

Trade #14

• SDL – Sundance
• 22200 Shares @ $0.09
• Week 14 - 11/04/2013

Obvious choice after such a big decline.

Struth....

 

[prawn_86]

Struth....

Yeh i'll agree with that assessment. SC seems to be contrarian just for the sake of it with this pick rather than with any analysis.

 

[skc]

Trade #14

• SDL – Sundance
• 22200 Shares @ $0.09
• Week 14 - 11/04/2013

Obvious choice after such a big decline.

This is at best a trade with proper stops etc.

If you want mining exposure there are plenty of profitable miners out there that are more suitable for your weekly income system...

 

[Ves]

This is at best a trade with proper stops etc.

If you want mining exposure there are plenty of profitable miners out there that are more suitable for your weekly income system...

Maybe by week 40 comes around and he's allowed to sell it under the system rules they will have magically built their 500km railway across Africa and the iron ore will be flowing into China who will buy it at excessive prices.

There seems to have always been a lot of "hopium" surrounding this stock.

 

[skc]

Maybe by week 40 comes around and he's allowed to sell it under the system rules they will have magically built their 500km railway across Africa and the iron ore will be flowing into China who will buy it at excessive prices.

There seems to have always been a lot of "hopium" surrounding this stock.

Exactly. Good range and move today for a trade. But God knows what's going to happen in 40 weeks.

 

[So_Cynical]

Yeh i'll agree with that assessment. SC seems to be contrarian just for the sake of it with this pick rather than with any analysis.

Yep its a pure contrarian buy, i think Sundance is over sold and this system was always going to have a few pure speck stocks in it and i figured it was about time to add one...analysis is simple, Sundance looks cheap so ill buy it, the project is still a goer, the ore body is substantial as are the obstacles.

This is at best a trade with proper stops etc.

With 2K position size im prepared the take a total loss if it comes to that...no stops.

If you want mining exposure there are plenty of profitable miners out there that are more suitable for your weekly income system...

Yep and they will come..looking at one of the ETF's (maybe both) and my favourite gold miner, and a U play..later.

 

[So_Cynical]

Trade #15

IPL – Incitec Pivot
710 Shares @ $2.84
Week 15 - 17/04/2013

Portfolio now down 4.7%

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Addition to rules: Buying 2nd parcels of a held stock

Second parcels can only be bought after the first parcel has fallen a minimum of 25% and 8 weeks has passed since the first parcel was purchased...or after 20 weeks has past, second parcels can never be purchased at a price greater than the first parcel.

 

[tinhat]

IPL is a company I like and hold. So_Cynical, can you let us know what it is about the IPL chart that makes you think it has seen it's lowest low of the cycle? What has made you decide to buy now? I find your bottom picking approach intriguing and frankly I don't understand it at all!

 

[prawn_86]

If SC could answer Tinhats question in the IPL thread it would be much appreciated

 

[skc]

Trade #15

Portfolio now down 4.7%

Do you mean 4.7% down on invested funds or the $100k full amount?

And does this include brokerage paid?

 

[So_Cynical]

If SC could answer Tinhats question in the IPL thread it would be much appreciated

I like keeping stock talk where it belongs so will do.

Do you mean 4.7% down on invested funds or the $100k full amount?

And does this include brokerage paid?

4.7% down on invested funds (portfolio) including brokerage, still got 69K in the bank pulling 4.25% one of the benefits of going in week by week, the results so far reinforce my belief that my bottom picking technique works best when general sentiment is falling and or has fallen substantially.

----------------------

An observation.

The stocks i have bought so far are falling mostly due to stock specific issues, and i think my greatest past successes have come when either general sentiment is heavily negative and when whole sectors are influenced by negative sentiment, like real estate and telcos were 1 to 2 years ago, and mining in late 2008, manufacturers in 2009/10...and commodity specific stocks like oil and gas when the price falls.

Perhaps im best suited to a system that requires me to wait months and months until i see something truly compelling :dunno: i have sort of enjoyed waiting these past 7 months having only purchased one stock.

 

[So_Cynical]

Trade #16

• RHL - Ruralco
• 730 Shares @ $2.75
• Week 16 - 26/04/2013

Going a little better this week, now down 4.28%

 

[So_Cynical]

Trade #17

• IPP - iProperty Group
• 2440 Shares @ $0.82
• Week 17 - 01/05/2013

Portfolio 5.64% down now...5 stocks down by double figure percentages, ERJ by 50%

 

[So_Cynical]

(13th-March-2013) Trade #10

• ERJ - Enerji
• 333000 Shares @ $0.006
• Week 10 - 13/03/2013

Trade #18

• ERJ - Enerji
• 1000000 Shares @ $0.002
• Week 18 - 09/05/2013

Its been 8 weeks this week since i first entered ERJ so im in for my second and last parcel... fair enough to buy @ 0.002 as well because 5 million shares in 8 trades today (out of 9) went thru at that price.

Portfolio now down 7.62%

 

[So_Cynical]

(23rd-January-2013) Trade #3

• UGL - UGL LIMITED
• 190 Shares @ $11.01
• Week 3 - 23/01/2013

In Again

Trade #19

• UGL - UGL LIMITED
• 250 Shares @ $7.95
• Week 19 - 15/05/2013

 

[So_Cynical]

Trade #20

• ICN - Icon Energy
• 15380 Shares @ $0.13
• Week 20 - 21/05/2013

Ill be away for 2 weeks so will put the system on hold, unless i can get some free wi-fi.