Its Over, page-3542

An unusual day that saw longs progressed but without at the expense of shorts, because the blue chips were down.

CYL broke into all time high, but caved in due to lone seller towards the end.

What I am observing today is that our market is beginning to be discerning on which stocks to back, and that is a good sign.

While my prognosis is down, I am not going to trade in and out of these positions , as with O&G, all that is needed is for just one of the smaller cap stock to be a few baggers and that would do to average the total returns higher and the beauty is that only a small quantity of them is needed (small enough to lose without causing hurt but small enough to get significantly big , just as O&G did with CHN at 20c and now trading at $1.26 and I believe it is still have much more in the runway).

	Column 1	Column 2	Column 3	Column 4	Column 5	Column 6	Column 7
0	BEAR & BARGAIN	B&B
1				18/4/20		6/5/20
2	SHORTS		Mkt Cap(m)	Entry Price	Weightage	Curr Price	YTD return
3
4	BBOZ			$   11.40	44%	$ 11.54	1.2%
5
6
7	LONG
8			Mkt Cap(m)
9	CODAN	CDA	$ 1,096	$ 6.09	6.3%	$    6.68	9.7%
10	M7T	M7T	$ 111	$ 0.58	6.3%	$ 0.555	-4.3%
11	MASTERMYNE	MYE	$   71	$ 0.69	6.3%	$ 0.755	9.4%
12	CLOVER	CLV	$ 342	$ 2.06	6.3%	$ 2.150	4.4%
13	SYDNEY AIRPORT	SYD	$   14,192	$ 6.28	6.3%	$ 5.520	-12.1%
14	CHALICE GOLD MINE	CHN	$ 337	$ 1.23	6.3%	$ 1.260	2.4%
15	SWIFT MEDIA	SW1	$ 4.4	$   0.022	6.3%	$ 0.017	-22.7%
16	OPTHEA	OPT	$ 630.0	$   2.370	6.3%	$ 2.590	9.3%
17	PENTAL	PTL	$    53.8	$   0.425	6.3%	$ 0.380	-10.6%
18
19					100%	Composite	-0.4%
20						Return ex Short	-1.6%
21					XJO since 18/4	5384.60	-1.9%
22					Relative to XJO	Outperform by	1.5%
23
24	GOLD & BEAR	G&B
25				23/4/20		6/5/20
26	SHORTS		Mkt Cap(m)	Entry Price	Weightage	Curr Price	YTD return
27
28	BBUS			$ 3.62	36%	$    3.30	-8.8%
29
30
31	LONG
32			Mkt Cap(m)
33	NORTHERN STAR	NST	$ 9,413	$   13.34	7.1%	$ 12.90	-3.3%
34	CATALYST METAL	CYL	$ 190	$ 2.39	7.1%	$ 3.040	27.2%
35	BLACK CAT SYNDICATE	BC8	$   31	$   0.385	7.1%	$ 0.425	10.4%
36	PMGOLD	PMGOLD	$ 342	$   27.12	14.3%	$    26.600	-1.9%
37	GOLD ETF	GOLD	$   14,192	$ 254.49	14.3%	$ 248.420	-2.4%
38	CHALICE GOLD MINE	CHN	$ 337	$ 1.05	7.1%	$ 1.260	20.0%
39	BELLEVUE GOLD	BGL	$ 375	$   0.550	7.1%	$ 0.610	10.9%
40
41					100%	Composite	0.9%
42						Gold Return	6.3%
43					XJO since 23/4	5384.60	3.2%
44					Relative to XJO	Underperform by	-2.3%