Afternoon trading July 3

Thanks @shovel40 and morning crew.


Half-time round-up: "ASX Update: Cochlear shines as rally enters day four"


Personal trading: These are the best trading conditions I can recall in years. Every dog has its day and that's certainly true of the ASX lately. The last time things were this good, the acronym "FOMO" had yet to be coined - we just called it greed. The key takeaway from this week is that trading is very different from investing. There were immense profits to be had, but hanging around too long proved punitive for many. While the likes of ATH, ESK and DVL may eventually see good revenues from the deals announced this week, their rallies were outlandish considering the lack of detail on hard cash. (The lack of detail may be the very thing that allowed them to run so hard - traders filled in the gaps.) It will be interesting to see how many directors took advantage of the exuberance. Back to today: I needed two swings at KAI, but eventually got three pips out of it. Also traded GSM and NOV for solid wins.