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…

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…

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.…

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…

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…

ALZ held up at 1.40 when it went ex-dividend on 9 August. Very strange I expected it to drop 0.03 to match the dividend. I’m holding for the dividend payment, but have a sell in at 1.44 just in case (that’s just shy of my 3% trading target). [Update] The dividend cheque arrived on Wednesday…

I’ve been travelling on business. As it turns out I didn’t have a usable internet link. I’m back today as the market closes on NCP at 9.95. Makes me wish I’d sold all the holding at 10.85 last week. I’m still bearish on the longer term and maybe I should be trading Puts instead. I…

NCP ran up to 10.62 in the first 40 minutes of trade. 10.77 is the price target for the parcel I bought on 25 June. Can it hit it? Maybe. An hour later it’s dipped and come back up to 10.64. Looking good until it stops dead and trades in a 10.58 to 10.60 range…

NCP open $10.05, close $10.12, high $10.26, low $10.01 Another roller coaster. By 1:30pm it was on its highs. Sell target is $10.46 or $10,000 worth around $10.17 tomorrow if it doesn’t do much (that’s not likely). That will give me the 3% return. Hmmm time to rethink, maybe I should sell after a down…