Finally on holidays in beautiful Chile. I am sitting in my in-laws office and look out over the Pacific Ocean on another beautiful but chilly (not Chile) day. The family is slowly recovering from a cold and tomorrow we are off to the snow to ski in the Andes. I’ll leave the computer behind and will be truly on holidays.
I still managed to have a look at the charts for this week and hope that I haven’t missed anything. I find it more challenging to only have the laptop screen, when you are used to have a big monitor at home. The markets haven’t moved much, we had some gains and losses and the portfolio edged marginally higher. With TEL (Telecom Corporation of New Zealand) and ERA (Energy Resources of Australia) we have added two more positions and now have 16 positions in the portfolio. We also closed our position in WDC (Westfield Group) and ended up break even.
The transactions for the week were:
Read more…
In midst of packing for our upcoming holiday, I managed to review the portfolio for the week. Again there wasn’t much movement in the portfolio, with the profit of our open positions declining due to two more additions (GPT and MGR) that finished the week lower. Just as I wanted to keep it short for the week, I have noticed quite a number of stocks that have given the buy signal for Monday and others that could be a potential buy during the week depending on the price development.
The buys according to my analysis are: TEL (Telecom Corporation of New Zealand) and ERA (Energy Resources of Australia). Following stocks need their monthly swing to point upwards in order to be a buy: SGM (Sims Metal Management Limited) 18.75 or higher, PRY (Primary Health Care) 3.79 or higher and TOL (Toll Holding Ltd) 6.14 or higher. PRY looks particular interesting with a double low for the dates 21st November 2008 (3.46) and 2nd July 2010 (3.45).
I also have a sell for the portfolio. WDC (Westfield Group) had two closes under the uptrend band.
The transactions for last week were: Read more…
Another week of heavy losses with many stops being activated. The XJO has now retraced by about 45% of the recent rise, which started in March 2009. And it looks like the market will at least take a breather on Monday with the US markets pointing higher on Friday. As mentioned in an earlier entry, this is quite normal at the end of a bigger cycle where you expect the market to retrace between 38% and 62%.
What looked like a quiet week in regards of selling and buying for the portfolio ended up to be a hectic week with a total of 4 stops being activated. We have been stopped out of WPL (Woodside Petroleum Ltd), WAN (West Australia Newspaper), SGM (Sims Metal Management) and NAB (National Australia Bank). There was also NWS (News Corporation), where we sold the remaining half on Monday as the stock had two closes below the trend band. Sorry it slipped through when I did the update last week, but when I looked at the chart again on Sunday I realised we had two closes below the trend band.
The transactions for last week were:
17th May: Sell 304 NWS @ 18.50 for a total profit of 11.84%
21th May: Sell 373 NAB @ 23.93 for a total loss of 10.64%
21th May: Sell 443 SGM @ 19.17 for a total loss of 14.98%
21th May: Sell 1282 WAN @ 6.77 for a total loss of 13.02%
21th May: Sell 213 WPL @ 41.09 for a total loss of 12.59%
This reduces the portfolio size to 7 stocks with one being in profit and the others currently in the red. It also impacted the return on the closed positions which came down to 16.94%, whilst the current open positions sit at -2.55%. Still not bad considering that the market should turn around in the near future. There will be plenty of opportunities to buy and make good profits.
There are no buys or sells for next week however I have a couple of stocks on the sell watch list as they had one close below the trend band this week. They are: AMC, CCL, CEY, ORI and WDC.
Read more…
Categories: Portfolio, Trading Updates Tags: amc, CCL, cey, nab, NWS, ORI, sgm, wan, wdc, wpl
The Australian market finished its second consecutive week lower, led again by losses in the big miners. The financials are still relatively stable and not affected yet by the Greece crisis that rocks Europe. However there are a lot of signs that we have not seen the end of this and we could see another substantial drop over the coming weeks.
In regards to the blog portfolio I keep sticking to the rules, however when it comes to my personal investments, I am putting tight stops in place to protect my recent profits. Last week we had three transactions, two buys (MQG – Macquarie Group Limited and WDC – Westfield Group) and one sell with AXA (AXA Asia Pacific Holdings). This closed our AXA position after we have previously sold half of the holding. Overall it returned 46% for a stock that we held 8 months – not bad at all.
The transactions in detail:
27th April: Buy 810 WDC at 12.35
27th April: Buy 204 MQG at 49.10
27th April: Sell 1168 AXA at 6.18
For the week ahead I identified CPU (Computershare Ltd) as showing weakness and I will sell half of the current holding. I didn’t find any other stocks that met the buy or sell indicators for the week. From the recent buys I still have BLD (Boral Limited), NAB (National Australia Bank) and WDC tick all the boxes.
As always remember this is based on my own research applying the rules of the HSC. Before you buy or sell a stock, always do your own research.
The portfolio as of 30th April is: Read more…
Whilst the Dow and some European indexes finished the week higher, the Australian market finished the week more than 2% lower than the week before, with the miners and energy sector leading the market down. The blog portfolio followed this trend with almost half of our open positions now in the red. The biggest loser again was PDN (Paladin Energy), and the best performing stock was NWS (News Corp Limited).
Whilst I went through the charts today I noticed that almost half of the stocks that I am watching have been going sideways for 3 – 6 months. This is a sign of uncertainty in the market and the recent performance of the portfolio mirrors this. One good example is DXS (Dexus Property Group), which is currently up 8.29%, which is the same than we had 4 months ago in December 09. If you own a stock that goes sideways like this for a number of months, it is a good idea thinking about selling it and invest the money in a stock that has more potential.
Back to the portfolio, we have added another position with BLD (Boral Limited) on Monday. The transaction was:
19th April: Buy 1739 BLD at 5.75
Looking forward to next week I have identified two more stocks that meet the buying criteria according to my studies of the HSC rules. They are WDC (Westfield Group) and MQG (Macquarie Group Limited). TCL is still on my watch list, with the monthly swing being down.
I will exit the position on AXA (AXA Pacific Holdings Ltd) as it is now in a confirmed downtrend. Further stocks that I have identified as meeting the Sell criteria are MAP (MAP Group) and BEN (Bendigo and Adelaide Bank Ltd).
As always keep in mind that this is based on my own research and how I apply the rules of the HSC. Before making any buying or selling decisions of your own, always study the stock yourself.
The portfolio as of 23rd of April is:
Read more…
Categories: Portfolio, Trading Updates Tags: axa, ben, bld, dxs, map, mqg, NWS, PDN, tcl, wdc
The XJO edged higher again and broke the 5000 mark this week. Expect the market to fall on Monday following sharp losses in overseas markets on Friday. The portfolio lost compared to the previous week, mainly due to the poor performance of our energy and mining stocks.
Paladin (PDN) was one of the main losers in the portfolio, whereas West Australian Newspaper (WAN) was one of the main winners. With Sims Metal Management Limited we have also added another position, bringing the total number of stocks to 16. This is 4 short of the maximum for the portfolio.
The transaction for last week was:
12th April: Buy 443 SGM at 22.55
There is another buy for the portfolio next week, with Boral Limited (BLD) fulfilling all the rules according to my studies. There are a couple more companies that could be potential buys in the week after next. They are Macquarie Group (MQG), Transurban Group (TCL) and Westfield Group (WDC). All of them had one close above the downtrend band, so it will be interesting to watch what is happening next week.
The portfolio as of 16th April stands as follows: Read more…
