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%
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