Catch up for Wattle Health?
11.21 am The elastic band stretched too far and the market is 43 points higher at 6035. My large book is pretty flat and I'm out of A2M at around 815.
The large cap book is pretty flat and, frustratingly, a couple on the watchlist - CAR and TWE - are doing well as ones that got away.
The small cap book is having a little recovery with the most interesting being WHA. It's pretty light volume but has pushed up 7 to 192 and is implying a second higher low after a steep pullback from the peak in early November.
1.16 pm Bit of a disappointing day in my longer term large caps but the atmosphere has been leavened with a couple of day trades. One is in Lynas and slightly underwater while the other long in Galaxy has done pretty well. It's just a retracement rally after a sharp fall and might be good for a day or two though I'm offering 368 having bought at 354.
2.19 pm I've added a new long in OSH at 770. It has been trending well and there has been a choppy pullback which has held clearly above the breakout level around 750. It's also a reversal day after a weaker open and the rest of the sector is strong.
3.12 pm This time last week I was expecting a very good run in CLQ but the stock came under heavy pressure and sold down below 140. That selling is not there today and the stock has reversed again to 151 so it's something of a roller coaster ride. I'm still in it and hoping for a whip back up to 160.
4.20 pm The index closed up 45 at 6037, edging higher towards the close in a bullish sign for tomorrow. The large caps went ok in the end thanks to a couple of intraday trades. I sold most of the GXY around 361 as they didn't quite kick on but I held the LYC as the stock finished impressively after this morning's quarterly showing good cash flow and further debt reduction. Hopefully there'll be a couple of good reviews.
Otherwise the small caps made back much of yesterday's loss but it's still a nervy sector at present with a lot of recent favourites in retracement mode. Bipolar stock Cleanteq finished up 9.5 at 151.5.
The large cap book is pretty flat and, frustratingly, a couple on the watchlist - CAR and TWE - are doing well as ones that got away.
The small cap book is having a little recovery with the most interesting being WHA. It's pretty light volume but has pushed up 7 to 192 and is implying a second higher low after a steep pullback from the peak in early November.
1.16 pm Bit of a disappointing day in my longer term large caps but the atmosphere has been leavened with a couple of day trades. One is in Lynas and slightly underwater while the other long in Galaxy has done pretty well. It's just a retracement rally after a sharp fall and might be good for a day or two though I'm offering 368 having bought at 354.
2.19 pm I've added a new long in OSH at 770. It has been trending well and there has been a choppy pullback which has held clearly above the breakout level around 750. It's also a reversal day after a weaker open and the rest of the sector is strong.
3.12 pm This time last week I was expecting a very good run in CLQ but the stock came under heavy pressure and sold down below 140. That selling is not there today and the stock has reversed again to 151 so it's something of a roller coaster ride. I'm still in it and hoping for a whip back up to 160.
4.20 pm The index closed up 45 at 6037, edging higher towards the close in a bullish sign for tomorrow. The large caps went ok in the end thanks to a couple of intraday trades. I sold most of the GXY around 361 as they didn't quite kick on but I held the LYC as the stock finished impressively after this morning's quarterly showing good cash flow and further debt reduction. Hopefully there'll be a couple of good reviews.
Otherwise the small caps made back much of yesterday's loss but it's still a nervy sector at present with a lot of recent favourites in retracement mode. Bipolar stock Cleanteq finished up 9.5 at 151.5.
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