trades beginning 18th may, page-3

affecting the all ords today - THE PRICE OF IRON ORE

o/night friday the DJIA was UP........+ 0.27%
iron ore -.........down to below $US100 @ $US98/ton

GK'S portfolio today (profit from closed trades today included)............................GAIN + 0.08 %
ALL ORDS ............................... - 1.2%

CLOSED TRADES -
BKN - 2 bites,short + further 2 bites today.. then sold all
today - large profit................o/all PROFIT + 2.6%
(company restructure - will book huge losses for FY1014)

PORTFOLIO
WBC - long, 2 bites + 2 bites today - loss
CSL - long, 2 bites..... loss
SEH - long, 2 bites......gain
MQA - short, 2 bites.....even
IAG - long , 4 bites.....tiny profit


a big day for the shorters and doomdayers today.

i was a bit slack in not in not looking at the iron ore prices first thing this morning, had i done this i think i would have saved a few losses on my longs.

GK