Straight off the bat... I usually tune into the RealVision offerings (just the free stuff...l don't subscribe) ... basically RV is biased towards the bearish (which is how I am positioned).... this video is full of useful stuff... imo.
Next.... a bit on Covid 19... during the week l saw an early result on a vaccine trial which reported antibodies were stimulated but the effect faded (that coupled with more examples of cases of verified Covid patients losing immunity after a few months doesn't do much for confidence).... however, it's not all doom and gloom. The more recent evidence is showing hydroxychloroquine (HCQ), if administered early is beneficial.... so treatment options are developing. Interesting article on the topic courtesy ZeroHedge today.
https://www.zerohedge.com/political/hydroxychloroquine-one-chart-you-need-seeAlso something worth considering.... HCQ is the synthetic version of quinine. The molecular structure of HCQ is different so it's unclear whether quinine would be useful in a similar way but this is a link to a study done in 2018 looking into dengue fever which is also a virus for which there's no specific medical treatment. Quinine performed very well in reducing the severity of the infection.
https://pubmed.ncbi.nlm.nih.gov/30055216/fwiw... call me a nutter if you want... but when I venture into a public space l have a glass of tonic water (Schweppes) before I leave home and another when I return.... to be effective HCQ (and so perhaps also quinine) has to be in your system before infection or immediately after.
So... on to my week of seeing what the market could do to me.
Decided to have a cleanout... sold out of 9 stocks which were either in the red, slightly in the green or l didn't have enough confidence to keep holding. Basically an ok decision... except for AUZ. l have been nursing that position for months @ an average price of 1.9¢... dumped the lot @ 0.9¢ and the very next morning the company announced they have secured meaningful support from the Queensland government.. SP closed on 1.7 and traded up to 2.2 the next day...took me a couple of days to stop mulling that.
Then BCT came out it's TH... yep.. lost their customer and on top of that BCT has opted for legal action... dumped my holding for 3.3 (average 7.6).... however, took a lesson out of it. I don't think there's anything wrong with BCT ... but it highlights the dangers in the current market. The lockdowns have primarily disrupted business relationships... my analogy is it's like a storm has ripped through a spider's web... some threads are still hanging together but others are blown away. For BCT it's business model has been completely disrupted... suing its business partner???... what if that partner is also a casualty?... chasing them might be a useless pursuit.
On the positive side... my decision to clean out was in part motivated by GOR trading below $1.80... l had sold a few in the high $1.80's low $1.90's so restocked in the high $1.70's. GOR will announce its quarterly this Friday... not sure what to expect but will be shocked if it's negative.
My opinion is now is the time to be positioned in stocks with no debt and positive cash flow.
Also bought more LVT... the company released an announcement which basically said all is well... but still it was sold down during the week. In terms of spider webs... for the life of me I cannot see how LVT is not doing well in all of this... their 4c is 2 weeks away so plenty more time for sleepless anxiety l suppose. I have tipped it earlier and it's dropped in price since... as much as I would like to tip it again l can't be sure l am not completely wrong.
The other one still waiting on is SGQ... generally with drilling results, the longer you wait for them the worse they are. I am holding my nerve on it...
