Just a flesh wound
12.18 pm Some heavy selling in resource stocks was the theme of the overnight sessions, at least as far as Australian investors are concerned. Local resource stocks, helped along by $3.5 billion of outlays for Woodside yesterday, have followed suit. Otherwise, things are pretty neutral with the index down 25 points and plenty of bright spots to go along with the resource weakness.
My large cap book is fine, no stand outs but no problems either. A different story in the small caps where I wasn't aggressive enough yesterday with dumping the under performers.
1.11 pm The golds are quite well bid today. I'm long Saracen and added some SBM today at 304. It looks like a decent breakout.
3.02 pm MMJ stalled and dipped after restarting trade yesterday but this afternoon has seen some buying and there's a break of 45 now.
4.40 pm The index ground lower as the day went on. The final result was a loss of 35 points to 5934 for the ASX 200. It was a minor down day for me and I'm away tomorrow so happy to have a light book on including a couple of gold longs.
My large cap book is fine, no stand outs but no problems either. A different story in the small caps where I wasn't aggressive enough yesterday with dumping the under performers.
1.11 pm The golds are quite well bid today. I'm long Saracen and added some SBM today at 304. It looks like a decent breakout.
3.02 pm MMJ stalled and dipped after restarting trade yesterday but this afternoon has seen some buying and there's a break of 45 now.
4.40 pm The index ground lower as the day went on. The final result was a loss of 35 points to 5934 for the ASX 200. It was a minor down day for me and I'm away tomorrow so happy to have a light book on including a couple of gold longs.
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