Another week where the overall portfolio results are slowly slipping back. Latest acquisition PLS up 6.6% for 4 days. Friday's close on it looked ominous, will watch it carefully Monday and bail if under threat.
As suspected, PLS Pilbarra Minerals price collapsing today, so bailed out 10 minutes ago, 15,000 units x @ $1.03. That's a 2.59% profit after brokerage, a miserable $390 profit in 5 trading days of holding. With mining stocks currently on the nose with everyone and a shaky stock price on Friday's close, I wasn't prepared to be forgiving of this stock, hence outta here with this one. Can't be forever taking losses in the current sad trading environment, especially mining positions, but in this instance a small profit is better than a loss later on.
Just now sold QMS. 9000 x $1.033 Lost patience with it, going nowhere fast and nearly end of the trading day, large volume spike and sitting on near lows for the day. Don't wish to risk this stock plunging. Sold at a loss, down 11.5% on that position after brokerage, loss of $1202.90
I think we just witnessed the bottom for copper. Explosion of capitulation overnight. (That's overnight when you live downunder). Bit early to tell but USD to me appears to have topped out. Looking to re-enter some metals positions, possibly later today. The supalgo formula have tweaked with several mods since inception, am very content with it atm. Needs further roadtesting, will place a photo on ET later.
Just now bought ASL, Ausdrill, 11500 x $1.76. Drilling company, mining. https://www.barchart.com/stocks/quo...&sym=ASL.AX&grid=1&height=500&studyheight=100 Has been badly beaten down of late, imo, an overdone beating. This has been a good performer historically. Has a PE of 10, bargain if mining swings up again as I suspect. Also rumors are doing the rounds it might be ripe for a takeover. Currently up 2% today on low turnover, supalgo has picked it up on its radar today along with 8 other stocks out of a field of over 2000. (ASX stocks). This takes to 62 the number of stocks purchased since 6th April.
Bought back into PLS, Pilbara Minerals on close today, 20,000 x $1.03. Lithium play. Quite high volumes went thru on last 30 minutes.
End of week update. Still slipping profits, getting slaughtered by weak gold and other metals. But with everything, it seems as soon as a stock begins to head north it is sold off. Will persevere a tad longer, if next week is another sad week will consider going flat.
My neck of the woods.... Supalgo display in Amibroker Messy floor, need to getting around to picking it up and filing
strange ... I can see 3 trading desks. Is it for one or more than one person? Or you move around the trading desks every now and then. strange ...you took the messy floor, then you will go tidy up later? and strange ... with all the computers, you still have tons of papers?