Interest for golds, resources
12.35 pm The bounce back is cautious but it's taken the ASX 200 back above 6000 as the gain is currently half a percent to 6013. There's a trickle of interest for gold stocks and resources generally are pushing higher. I had overnight longs in LYC and WHC as well as golds RSG, SAR and SBM though a remnant short in Beach has cost. The net effect is a reasonable gain in the large cap book.
The small caps have performed well and I exited the BDA at 70 early on as the liquidity is back to normal and some sellers were lining up. It's back at 64 now. I still like Zip Money and bought a couple more at 86.
I still have some Resolute Gold left though I've sold this morning. There was a nice potential buy signal yesterday which has confirmed and broken out today. I'll look to add again on a pullback.
4.39 pm It was a strange day with intraday reversals costing me some nice unrealised gains. I think it was end of month shenanigans and I decided to keep most things.
One new addition was Mesoblast at 153.5. It reported third quarter earnings and although it's a company that's yet to make a profit, it seemed like progress was satisfactory because it pushed higher and I'm looking for a potential higher low and a leg up through 160.
The small caps have performed well and I exited the BDA at 70 early on as the liquidity is back to normal and some sellers were lining up. It's back at 64 now. I still like Zip Money and bought a couple more at 86.
4.39 pm It was a strange day with intraday reversals costing me some nice unrealised gains. I think it was end of month shenanigans and I decided to keep most things.
One new addition was Mesoblast at 153.5. It reported third quarter earnings and although it's a company that's yet to make a profit, it seemed like progress was satisfactory because it pushed higher and I'm looking for a potential higher low and a leg up through 160.
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