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The Lyceum - searching for eudaimonia

Positions update 15 Aug

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Well, the carnage continues.

I have thinned out a few positions over the past 2 weeks and been concentrating on day trading the ASX mini and gold throuh IG. Not doing very well at that either.

I think I'll have to go back to taxi driving soon...

Sold about a third of AZM at 15 for 15% profit. Might try and pick some up cheaper hopefully before gold resumes a climb or the Bepkong JORC comes out. (assuming it's good and not on a gold smashing day)

Panick sold my LGL at $2.15 for a few % gain, after holding them for ages. Also looking to get back in once gold settles.

Sold a few MAK at $1.10 average for about 100% profit. I thought there was potential for a turn around last week, but it's still well trending down.

BMN is turning into a disaster, and I am spanking myself over it. My investment/trading plan over the past 2 years has been to cut losses early, and let winners run. I'm down 50% on this now, and continue to hold because the 'fundamentals' are solid. What a joke. And what a goose. Lesson learnt again. Might sell for a capital loss and buy back in as I think it's way undervalued. 80c may be a bottom.

NCM, holding.

DMM, holding, treading water, thankfully.

BFE, ditto..

Bought and sold WOW and WBC last week for about a 1% gain.

Looking closely at KMN for a short term trade. Back at 20c again and due for a few announcements. Commods tanking might keep it down no matter what though. But, downside looks limited from here.
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  1. kennas's Avatar
    Sold BMN for 50% loss, will watch for reentry.

    Sold NCM for an 80% gain, over some time... Will get a takeover offer now...eeeek!

    I think golds going to keep going down for a bit, but if it recovers and breaks back up will be back into LGL and NCM.
  2. kennas's Avatar
    Selling down a few more MAK for about a 55% gain.

    Far cry from what was a 700% winner at one point.

  3. kennas's Avatar
    Bought back into some AZM the last few days at 14.

    JORC for Bepkong expected to be out today or tomorrow and I might tell into any strength to take some more profits. Depends on the JORC and response really.
  4. kennas's Avatar
    Hmmmmf, No ann from AZM. Disappointed.


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