Positions update 15 Aug
by, 16th-August-2008 at 04:31 AM (3469 Views)
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.
DMM, holding, treading water, thankfully.
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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