Hey mate. Finally have some time for HC. Sorry I have not posted...

Hey mate. Finally have some time for HC. Sorry I have not posted my activities. Hectic days this week so far, so I am sleep deprived and grumpy. Doesn't mean my fingers have been sitting idle though...…… so in no particular order, here it goes.

RBA cut rates. I thought they could have waited longer, but maybe they are worried more about the economy than I am, so chop they did. Should help the real estate market. Don't think it is great for the banks' net interest margin though. And to be honest I am feeling a little bit vulnerable. So I thought it was time to get a little more defensive.

Sold BMW, just before it jumped up by about 2-3%. Doh! Oh well, such is life. I took the 400 bucks loss and moved on. It was too much effort, the holding was tiny, in the wrong structure to make decent money out of it, I am not convinced any car maker will be really profitable over the next 10 years, the German gov taxes the dividend at 40% or so before you get it (so what's the point then) and it was distracting me from the main game. I was now watching moving numbers at night!! My OS adventure is on hold for the time being. It just wasn't worth the effort and didn't really fit in with the rest of the master plan.

CBA pushing twelve month high. It has risen much more than the other banks and given how much I have in banks overall, I took profit in the mid 78's. Of course it then went a little higher...…

The fat lady sang on BIN. I still think it has a good future but the dividend at current SP is pathetic, and my initial target was 1.80. I missed the spike to 1.99, but I escaped yesterday at 1.905. Ended up with around 60% profit, which is nothing to sneeze at. I noticed it fell today, which usually happens after I buy, not sell...…

Loaded up on D2O. I really like what they are doing. EPS last year was around 8.5c. Payout ratio was around 55%. This year EPS is 3.4c over four months, or 10.2c for the year. That is up by 20%. On a utility type company. The dividend will not increase by that much (they will keep some of the revenue), but slowly but surely it will grow. Returning around 5.5% grossed up atm. So when I saw a seller dumping into the buy side I grabbed 30k at 1.45. That is what partly motivated me to exit BIN.

K2F showing signs of green. Small volumes so not getting excited, though it still looks better than red.

TCL/TLS doing well.

LNK still sliding. Like you said, I should not have bought on the first day of the fall. You were right, I was wrong. Next time. My order at 5.51 got hit today. My holding is getting quite substantial now. No bounce as yet. CGF have become a substantial holder. CBA have stopped being a major holder, though this doesn't really matter. Seems like good value to me. Will Mrs Market agree at some time in the future? Who knows. Back to waiting. Not sure what to do of it keeps falling. Not sure what to do if it bounces quickly. More pondering to be done......

The rest of mine meh.

Elsewhere, DCN got smashed. Some people bought the falling knife, looking for the bounce. The fall was due to a horrible update/downgrade (not just saying earnings will be same as last year). Probably a trade in there somewhere, but if you get it wrong you can not just simply wait it out.

Speaking of specs, have you noticed the stock with no name recently (A*Z). I said I was not good enough to play the P&D. Well it rose to 9.6c from low 4's. Awesome ride if you get on and off at the right time. Wasn't expecting it to reach such heights. Now back to 7.1-2c. Looks like the pumping has run out of puff, and you know what comes next.....glad to be on the outside looking in on that one.

VOC TO came and went. LOL. Was it orchestrated so a substantial holder could exit? Of course not because that would be illegal. And stuff like that never ever happens on the ASX.

Anything new on your end? Or now that you have increased your estate is all this casino stuff beneath you.