January Sales
11.55 am Another leg down sees us off 34 points to 6063 with the selling broad based. I should have totally bit the bullet in A2M as it's down another 25 cents although my balance is quite small...still, an unnecessary loss there. Otherwise, I'm out of PLS for my entry price of 121 as it rolls over with the rest of the sector.
The bulk of the selling is probably done in the short term and I'd expect just some chopping lower for the next couple of days.
The small caps are doing their own thing with Cleanteq hanging in there at 151.5. I've added to an existing position in NCZ at 131.5. It's quite well bid and made a higher low towards the bottom of a long, high trading range.
2.56 The ASX 200 index consolidated, slipped a bit and is now reversing from the minor new low to be down 33 points so not a lot of change in the last few hours except that my longs in DOW, MND and PTM have improved though A2M is looking soft still.
The small caps have done nothing with a couple of large crossings in NCZ seeming to have soaked up the buying there. I did sell half of the extra stock at 133.5 and it's back to the 131.5 level now.
4.30 pm Not too bad a day with a slight recovery leaving the index down 29. DOW and PTM recovered and I'd bought more lower down while IPL and MND balanced the ledger the other way. A2M, however, took things into the red and I'm waiting/hoping for a retracement to exit.
The small caps did very little.
There aren't many good looking weekly charts around and a few have rolled over so I can see a couple of weeks of correction/consolidation on the horizon. I'm trying to reduce the number of positions and there was support at 6050 and the ASX 200 index is in a decent enough uptrend so it's more a case of waiting things out.
The bulk of the selling is probably done in the short term and I'd expect just some chopping lower for the next couple of days.
The small caps are doing their own thing with Cleanteq hanging in there at 151.5. I've added to an existing position in NCZ at 131.5. It's quite well bid and made a higher low towards the bottom of a long, high trading range.
2.56 The ASX 200 index consolidated, slipped a bit and is now reversing from the minor new low to be down 33 points so not a lot of change in the last few hours except that my longs in DOW, MND and PTM have improved though A2M is looking soft still.
The small caps have done nothing with a couple of large crossings in NCZ seeming to have soaked up the buying there. I did sell half of the extra stock at 133.5 and it's back to the 131.5 level now.
4.30 pm Not too bad a day with a slight recovery leaving the index down 29. DOW and PTM recovered and I'd bought more lower down while IPL and MND balanced the ledger the other way. A2M, however, took things into the red and I'm waiting/hoping for a retracement to exit.
The small caps did very little.
There aren't many good looking weekly charts around and a few have rolled over so I can see a couple of weeks of correction/consolidation on the horizon. I'm trying to reduce the number of positions and there was support at 6050 and the ASX 200 index is in a decent enough uptrend so it's more a case of waiting things out.
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