Pulling a swifty
11.34 Elections in NZ and Germany over the weekend and the continued war of words over North Korea have muddied the waters but the market has managed a small 0.3% gain to this point.
I dumped the SWM as they are ex dividend and under minor pressure. I didn't think that one through as the dividend was likely to be enough to break the swing low I was using as a stop. If a stock is in rally mode and accelerating, it's often a good bet to buy cum dividend as the stock is not being bought for that reason. In SWM's case, the rally was still tentative and early. It was a small loss and S32 is more than compensating with a 3 cent rise to 325.
Best of the small caps is Get Swift which is up 12 cents to 211. I did a little reading on it at the weekend and the enthusiasm for the stock is based on its tie up with a rapidly expanding NY based food delivery company. I'm hoping for a short term move to the 220-230 range. If the stock pushes through the old high then 250 would be a possibility. I intend to sell some if it makes it into the 220-230 range, the other level is just aspirational.
4.32 pm Well, it's a tough market with nothing much happening. The index finished up 2 points. GSW did ok, finishing at 216 though the other small caps were mixed leaving me with a small net loss.
Platinum pushed above a recent congestion so I went long this at the close. Apart from a position in JBH, that's all I'm holding overnight in the large caps.
I dumped the SWM as they are ex dividend and under minor pressure. I didn't think that one through as the dividend was likely to be enough to break the swing low I was using as a stop. If a stock is in rally mode and accelerating, it's often a good bet to buy cum dividend as the stock is not being bought for that reason. In SWM's case, the rally was still tentative and early. It was a small loss and S32 is more than compensating with a 3 cent rise to 325.
Best of the small caps is Get Swift which is up 12 cents to 211. I did a little reading on it at the weekend and the enthusiasm for the stock is based on its tie up with a rapidly expanding NY based food delivery company. I'm hoping for a short term move to the 220-230 range. If the stock pushes through the old high then 250 would be a possibility. I intend to sell some if it makes it into the 220-230 range, the other level is just aspirational.
4.32 pm Well, it's a tough market with nothing much happening. The index finished up 2 points. GSW did ok, finishing at 216 though the other small caps were mixed leaving me with a small net loss.
Platinum pushed above a recent congestion so I went long this at the close. Apart from a position in JBH, that's all I'm holding overnight in the large caps.
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