Positions 22 Aug
by, 23rd-August-2009 at 04:44 AM (4912 Views)
Sold a third of SRL last week at about $2.30 and am almost free carried there on a great profit. Looks like it's about to fall over to me, but with market strength oversees maybe not Monday. As described in the thread, I'm a bit over them now. Making some stupid strategic decisions imo.
Sold half BHP at about $38 as I was way overweight in it.
Added AMP, TOL, GRY and IPL since last update I think.
MEL and WCL both down about 20% and I'm thinking about throwing in the towel there. ICN is making up for both of them however.
LGL also performing very poorly, even as the market runs and POG stays well supported. Rightfully smashed for the Ballarat debarcle, and heads should roll.
Disappointed I missed the CDU recovery after spending quite a bit of time researching it. Watching too many things I think, and also waiting for the market correction which has clouded judgement.
Also missed the RXM run which I am extremely disappointed in. Was watching it really closely for some time, and took my eye off the ball.
GRY looks like it's shaping up as long term prospective gold miner. Their drilling success could send their end of year JORC to well over 1m oz au, and the exploration success is outstanding. They could be sitting on a 3-5m oz au deposit.
Hm, that's enough...
At the end of next week I'm heading to Cuzco for a week and then mid Sep going to Chile for 2 weeks on a bit of a holiday. Will be nice to get out of dreary winter Lima for a while.
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