Testing the friendship
12.04 pm The market is down 20 points, not a bad result given wobbles overnight and heavy selling in commodity stocks. I was worried about longs in IGO and OZL but they've held quite well while BXB and TPM are a touch higher.
The small cap book is pretty steady. I was most enthused about MMJ for today but the stock went into suspend pending an announcement so I'll have to wait till Tuesday I think.
Realestate.com announced good quarterly figures this morning and the stock rallied strongly from the open. I've bought some stock at 7607 on a pullback. I was a bit premature but the stock looks to have found its intraday low so I'm hopeful of still gleaning a profit here. It's most likely an intraday trade. Currently 7570.
2 pm It's the first day in a while in the small cap book where there haven't been many opportunities to make a few bucks intraday. I've had a few goes but I've had to scratch the trades or take minor losses. So I'm just trying to ease out of existing positions. I've sold the balance of BGS at 39.5, a small gain, though it looks fine to me and could well be a buy next week. The same goes for KAI where I've sold at 11 versus an entry yesterday at 10. I'm also getting out of LIT at 24.5. My opinion is that there is more upside in most of the small caps I'm in but I'm pretty fully invested and I'm raising money for opportunities next week.
2.35 pm I bought some Afterpay at 559 on a continuation. It's starting to go again and is up to 567.
3.27 pm Definitely one of those days in the small cap book. I went to sell half the APT in the low 570s but missed it. The stock is back down to my entry level of 559.
4.34 pm A very quiet day which suggests the bullish mode is intact. The ASX 200 easily held 6000, closing down 20 at 6029. I've trimmed things further. It was a minor down day for me after a good week.
The small cap book is pretty steady. I was most enthused about MMJ for today but the stock went into suspend pending an announcement so I'll have to wait till Tuesday I think.
Realestate.com announced good quarterly figures this morning and the stock rallied strongly from the open. I've bought some stock at 7607 on a pullback. I was a bit premature but the stock looks to have found its intraday low so I'm hopeful of still gleaning a profit here. It's most likely an intraday trade. Currently 7570.
2 pm It's the first day in a while in the small cap book where there haven't been many opportunities to make a few bucks intraday. I've had a few goes but I've had to scratch the trades or take minor losses. So I'm just trying to ease out of existing positions. I've sold the balance of BGS at 39.5, a small gain, though it looks fine to me and could well be a buy next week. The same goes for KAI where I've sold at 11 versus an entry yesterday at 10. I'm also getting out of LIT at 24.5. My opinion is that there is more upside in most of the small caps I'm in but I'm pretty fully invested and I'm raising money for opportunities next week.
2.35 pm I bought some Afterpay at 559 on a continuation. It's starting to go again and is up to 567.
3.27 pm Definitely one of those days in the small cap book. I went to sell half the APT in the low 570s but missed it. The stock is back down to my entry level of 559.
4.34 pm A very quiet day which suggests the bullish mode is intact. The ASX 200 easily held 6000, closing down 20 at 6029. I've trimmed things further. It was a minor down day for me after a good week.
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