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Buy 1831 CSR @ 5.46
This is not strictly a trading position. But If it jumps I’ll take it. Given the perilous state of the stock market I’ve been keeping an eye out for value stocks that pay consistent dividends, represent a discount to NTA and have good businesses. CSR was one of the ones on the list and is…
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Buy 5000 BHP @ 9.95
Andy, my full service broker called me today. There must be something about having an unused margin facility that makes these guys nervous ;). Anyhow he gave good spiel so I thought I’d give it a go. Andy’s 5 good reasons to buy BHP under $10.00 Market should be up – Microsoft released a ripper…
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Sell 6298 ALZ @ 1.35
I love it when a plan comes together. 😀 ALZ may well move back up over 1.40 and I’ve left money on the table. But nobody ever went broke taking a profit. This may well be the bottom of the market but I don’t think so. The Dow and NASDAQ both ended down overnight. The…
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Housing Boom
I don’t know what the immediate future of the Sydney (and other Oz capitals) property market is. Will it continue to boom? Historically low interest rates, poor stock market performance and the need to increase suburban densities suggest business as usual. Superannuation and commercial/industrial property funds are adding asset allocation pressure as well. The counter…
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Buy 6298 ALZ @ 1.31
ALZ has come off 15 cents (10.27%) over the last month. There has been some negative research on it. However they pay nice quarterly dividends, so holding at this point is ok if this trade doesn’t go anywhere. ALZ hasn’t announced the next quarterly dividend yet. My sell point is 1.35 for a 3% gain.…
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Avoiding mistakes?
I suffer from analysis paralysis — a delusion that if I get enough data and study it enough, I can remove risk from an investment. To deal with this shortcoming I talk to myself. More than normal ;). I remind myself that Mark Twain has an answer for every occasion. In this instance he said…
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A new look
As some of you know, my site is not about community building. Go visit the Somersoft Forum or chat room to meet some wonderful people. I also like the Freestyler Network for meeting like minded people in the real world. This site is more a journal or diary. A stream of consciousness philosophy if you…
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Crystallizing losses
I recently read a piece of marketing fluff posing as research from a financial advisor. It recommending holding firm in the face of losses in the stock-market to benefit from the bounce back. A lot can be learned from how an investor reacts to losses and continuing uncertainty. One option is to hold tight. All…
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Sell 5745 ALZ @ 1.44
The pre-determined sell point is reached and my sell order kicks in. As I held for more than 45 days I am eligible for the franking credit. I’ve held for 46 days ;). Return before franking credits 0.03 Dividend 0.04 trading gain 0.07 on 1.40 = 5% for 46 days holding (before brokerage). $402.15 (0.07…
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Foray into CBA Warrants
A broker from my past called me. He’d changed brokerages with the closure of Barton Capital and asked me if I had a full-service broker. I said I’d give him a go. Full service brokers can be useful in the following areas: 1) Trading out of market hours; 2) Accessing research; 3) Short selling and…