My trade/investor diary
I have recieved a few questions from members lately with regards to what stocks have low PE's.
The following are my pick of the bunch:
AZC - Aus Zircon.
Has recently began mining and yet SP has continued to slide. Forecast EPS of 4 - 6 cps before any production ramp ups put this at a PE of 4
TMR - Tamya Resources.
Has high PE at the moment, but once new copper mine comes online this year (hopefully) and Armenian gold by 2010 you will be
I have taken out a 14day free trial with cmc markets, for their cfd platform, and am considering putting 2k into cfds.
i am trying to agressively grow my portfolio, and cfd's offer the leverage to do so. small % moves can result in big gains (and losses) but im willing to have a crack.
will see how the trial goes.
sold RMI at a slight profit, after drill results were released.
nothing exceptional in the results and i feel they will trade sideways until they can secure a JV or get some cash happening.
Bought QOLOA with RMI $ as i already have QOL and should get some nice levereage out of QOLOA if the heads go up over 40c again when the mining lease is granted within the next couple weeks.
Updated 5th-October-2007 at 07:00 PM by prawn_86
Sold TMR today, as it doesnt seem to be getting anywhere despite good announcements. I still think it is a good long term hold, and will look to enter again when i free up some capital in a couple weeks.
Picked up some GDM at 52c today. Plan to hold long term as it is hugely undervalued IMO. True value should be closer to 90c according to my calcs.
Check the thread for my detailed analysis.
Im back into FNT today @ 15.5.
Higher than i would of liked to have paid, but someone has a 600k blocking order at 15 and sellers have been reluctant to give up their stock the last couple days.
I intend to hold until Andewa drill results in the next week and then re-assess.
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