The local market continues the sideways funk with a spike low last week giving some indication of market strength.

We bought Audinate as it moved above the $8 level.  The weekly chart shows a nice break out of consolidation. Possible resistance around the old high could put the brakes on a larger rise however a strong move above that high could see the stock go on another run with an equal range off the low giving an initial target of around $11. Time will tell.

We were stopped out of Western Areas which has done little since we took initial profits.

A few stocks in the educational portfolio like Capitol Health and Cooper Energy have not moved much and will be culled from the portfolio.

Polynovo was one stock on the “Shorter’s” list at the recent Hearts and Minds Investment conference.

Nickel Mines was a stock seen in a much more positive light by one of the presenters.

You can always buy the Hearts and Minds Investments shares which are up 26 per cent over the past year.

Integrated Research is forming an interesting consolidation pattern on the weekly chart.

The top performing stocks from the 2019 Top Stocks book by Martin Roth.

The bottom performing stocks from Martin Roth’s book.

Table

Security

Units bought (sold)

Date

Open price/

From last table

Current/close

$ gain/loss

Buy CSL 3/12/18

at $183

c/f 9/1 at $192.31

Bought 15 at $192.31

9/1/2019

$274.26

$279.73

+$82.05

Bought Westgold

Bought 1,000 at $1.03

7/2/2019

$2.08

$1.99

-$90.00

Bought Cooper Energy

Bought 5,000 at 53

18/4/2018

55c

54

-$50.00

Bought Qube

Bought 1,000 at $3.04

26/6/2019

$3.33

$3.29

-$40.00

Bought Ecofibre

Bought 1,000 at $2.80

18/7/2019

$3.51

$3.60

+$90.00

Bought Western Areas

Bought 800 at

$2.26

8/8/2019

$2.95

Sold 21/11 at $2.85

-$110.00

Bought IPH

 

Bought 400 at $8.55

19/8/2019

$8.23

$8.76

+$212.00

Bought Capitol Health

Bought 10,000 at 24c

28/8/2019

24.5c

23.5c

-$100.00

Bought NextDC

Bought 400 at $6.55

28/8/2019

$6.80

$6.49

-$124.00

Buy Reliance Worldwide

Bought 800 at $3.70

28/8/2019

$4.14

$4.02

-$96.00

Buy Lifestyle

Communities

Bought 300 at $7.20

4/9/2019

$8.35

$8.17

-$54.00

​​ Whitehaven Coal

Bought 800 at $3.50

11/9/2019

$3.11

$3.16

+$40.00

Bought Santos

 

Bought 350 at $7.80

16/9/2019

$8.14

$8.07

-$24.50

Bought Kogan

Bought 250 at $6.25

25/9/2019

$7.09

$7.08

-$2.50

Buy Wagners

Bought 1,500 at​​ 

$1.75

16/10/2019

$1.97

$2.01

+$60.00

Buy Technology One

Bought 400 at $7.45

24/10/2019

$7.85

$8.77

+$368.00

Bought Orocobre

 

Bought 1,000 at $2.64

1/11/2019

$2.68

$2.65

-$30.00

Bought e-mini Dow

 

Bought 1 at 27,350

4/11/2019

27,903​​ 

Sold 20/11 at

27,861

-$240.00

Bought Platinum Asset Management

Bought 700 at $4.40

6/11/2019

$4.46

$4.24

-$154.00

Bought Kogan

Bought 250 at $7.35

18/11/2019

$7.09

$7.08

-$2.50

Bought Audinate

Bought 400 at $8.30

 

22/11/2019

$8.20

$8.50

+$120.00

 

 

 

 

 

 

 

Start 7/1/2019

$50,000.00

Open balance

$74,901.50

 

 

 

$74,901.50

 

Gains/losses week

-$125.45

 

 

 

 

-$145.45

 

Current total

$74,901.50

 

 

 

$74,901.50

Brokerage at

$30 per round turn added when sold.

Less buy/ close prices and Margin

$54,851.95

 

 

 

$54,851.95

Prices ​​ from​​ 

Tuesday’s close or 6am for US

Cash available

$20,049.55

 

 

 

$20,049.55

 

 

 

Disclaimer: The commentary and trading positions taken are for educational purposes only and are not an invitation to trade. Trading is risky and individuals should seek Professional counsel before making any financial decisions. Many thanks to Incredible Charts.com software for most of the charts used in the column.

Monitor, measure, manage and maximise… Cheers Charlie.