The local market looks to have temporarily stalled forming a bullish flag type pattern and is getting close to making another higher close. With the overall market 22 percent from this years high Charlie wonders how many businesses are close to 20 percent off their best revenues and profits?
The price of gold came off again last night and is struggling to stay in the top half of the current range.
The Australian dollar has been moving up well and is not that far off the early 2020 high around 70.3 cents.
The price of MP1 looks to be consolidating above the recent break above old tops.
After a big move off the lows Credit Corp is in a sideways move for now.
With tourists itching to travel when the borders re-open we bought a position in Ardent Leisure and Qantas today.
Audinate is consolidating before the next move.
Whitehaven Coal has been in a sideways funk for some time.
Accent Group had a small move after breaking higher then testing support before another possible leg up.
The portfolio is getting a bit full and we sold the VTS ETF and the smaller holding of Magellan today to make room for other trades.
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 c/fwd 3/1 at $280 | Bought 10 at $192.31 9/1/2019 | 9/1/2019 | $307.63 | $284.73 | -$220.90 |
Bought Magellan Financial Group c/fwd 3/1 at $59.00 | Bought 40 at $57.50 18/12/2019 | 18/12/2019 | $56.54 | $59.31 | +$110.80 |
Bought VTS ETF
| Bought 10 at $195.87 | 24/3/2020 | $230.95 | $227.28 | -$36.70 |
Bought Evolution
| Bought 600 at $3.98 | 24/3/2020 | $6.13 | $6.22 | +$54.00 |
Bought Silverlake
| Bought 1,500 at $1.41 | 24/3/2020 | $2.30 | $2.25 | -$75.00 |
Bought Whitehaven Coal | Bought 1,200 at $2.00 | 31/3/2020 | $1.84 | $1.82 | -$22.00 |
Bought Magellan
| Bought 30 at $50.00 | 14/4/2020 | $56.54 | $59.31 | +$83.10 |
Bought Resolute Mining | Bought 2,500 at 98c | 14/4/2020 | $1.13 | $1.17 | +$100.00 |
Bought Jumbo Interactive | Bought 300 at $10.20 | 22/4/2020 | $12.21 | $11.94 | -$81.00 |
Bought Nickel Mines
| Bought 6,000 at 52.5c | 29/4/2020 | 52.5c | 54.5 | +$120.00 |
Bought CSR
| Bought 1,000 at $3.50 | 30/4/2020 | $3.76 | $4.37 | +$610.00 |
Bought GEAR ETF
| Bought 200 at $14.00 | 6/5/2020 | $16.66 | $17.13 | +$94.00 |
Bought Flight Centre
| Bought 150 at $10 | 6/5/2020 | $14.25 | $13.50 | -$112.50 |
Bought Flexigroup
| Bought 3,000 at 95c | 7/5/2020 | $1.14 | $1.33 | +$570.00 |
Bought Aristocrat Leisure | Bought 100 at $26.80 | 19/5/2020 | $26.64 | $26.51 | -$13.00 |
Bought Ooh! Media
| Bought 2,800 at $1.14 | 19/5/2020 | $1.12 | $1.10 | -$56.00 |
Bought 5 ASX 200 cfd’s | Bought 5 at 5,615 | 25/5/2020 | 5,780 | Sold 3 at 5,851 Sold 2 at 5,795 | +$183.00 even |
Bought Flight Centre
| Bought 100 at $12.65 | 25/5/2020 | $14.25 | $13.50 | -$75.00 |
Bought Electro Optic Systems | Bought 500 at $5.75 | 27/5/2020 | $5.75 | $5.95 | +$100.00 |
Bought Silverlake
| Bought 800 at $2.10 | 28/5/2020 | $2.10 | $2.25 | +$120.00 |
|
|
|
|
|
|
Start 2/1/2020 $50,000.00 | Open balance $72,378.50 |
|
|
| $72,378.35 |
Stock c/fwd 3/1 $18,427.50 | Gains/losses week +$1,452.90 |
|
|
| +$1,452.90 |
| Current total $73,831.25 |
|
|
| $73,831.25 |
Brokerage at $30 per round turn added when sold. | Less buy/ close prices and Margin $54,413.80 |
|
|
| $54,413.80 |
Prices from Tuesday’s close or 6am for US | Cash available $19,399.45 |
|
|
| $19,399.45
|
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.
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