o/night monday the US indices up approx.........+ 3%. iron ore -....down again to below $US100 @ $US98.5/ton - but the Australian market did not care - it went down enough yesterday ?
GK'S portfolio today (profit from closed trades today included)..............................LOSS ALL ORDS ............................ UP + 0.2%
the sharp fall in the market yesterday, falls in the iron ore price yesterday and today and the reversal in direction of my longs caused a sell off of most my longs.
CLOSED TRADES - BKN - 2 bites shorted and sold ......SMALL PROFIT (sitting on a huge gain but then it retraced. i will go back in again I think)
IAG - long , 4 bites - sold ..........TINY PROFIT
FLT - 2 bites shorted and sold ...........EVEN (also sitting on some profit but then retracing)
WBC - long, 4 bites - sold early today - LOSS
CSL - long, 2 bites - sold early today - LOSS
(with my contributions from my losses on longs for WBC and CSL I reckon the guys from the west ought to do the right thing with the profits from their shorts and purchase of a nice little dress for each of their spouses and a pleasant night out dining some where special..... its all on me, and you will even have some change left over.)
PORTFOLIO - SEH - long, 2 bites........................ EVEN MQA - short, 2 bites...................SMALL GAIN HVN - short, 2 bites - ...................EVEN AEU - long, 4.3 bites ....................LOSS (price has fallen away - child minding REIT, excellent long term investment with a high div. yield..... will buy more at current price)
