XAO (ASX) Short Term Trading Weekend Lounge : 3-5 Aug

Originally posted by roberter1 ↑

Dangerous & deeply disturbing ground DD,

To discount bond between man and trading hound to a few basics that can be brought about by 'anyone' a source of angst and discussion in garage this AM.

The concepts of empathy, compassion, awareness of and movement to beneficial externalities of team, not universal drivers one would suggest as they lie in self-awareness and the intellect.

Hound suggests a future surrounding national coalitions dependent on 'shared values' is visible, involving not just trade but defense, education and population movement, a fracturing of globalisation to accommodate the 'virtual world' commented upon above if you like, I countered with the argument for this to happen common values would need to be recognised and held above those of self-interest.

The garage fell silent as it pondered this, bit like 'infinity' without the supporting knowledge of mathematics, prolonged thought tends to bring on a headache

Degree of attractiveness of asset classes & interest rates the garage in one mind are the drivers, trade wars should be viewed as what effect they have on inflation not short-term confidence. the difference between 'conceptual inflation' and proof of concept should not be dismissed.

And that takes us back to the market,

Daily ups and downs, with week ending small green.

The team since the Li run ended earlier this year tends to discount all resource small caps unless they are enjoying sector momentum, understand some posters strategy but not for us.

Exceptions are where emerging model will produce metrics that cannot be denied by market. (eg AMI)

B2Y 4c while it disappointed did not dismiss delayed 2018 metrics that will benefit SP, added on weakness.

K2F, AJQ, BTH all excelled with 4c’s and hold.

ISX hmm... 4c not great sold 50% into announcement after quick look at cashflow.
Seemed to highlight exponential QoQ sales increase while at the same time taking clarity from the viability of model. Happy with reduced exposure until dust settles.

Iot’s type plays pretty much consigned to small cap resource status, no sector momentum not interested. (VIV my only play in this space, 4c while highlighting good sales growth still pointed to a concept in need of a convincing future profit generating model.)

Added BRU to my O & G plays, unloved but model valid with plenty of news flow to come short term.

Bio’s ? lightened my load @ profit in OSL & AHV, still open SPL and VHT not really sure why.

Anomalies, still hold GEM (not a good Friday) and stuff me back in SOM @ 1.94.
Took a long hard look at 4c, despite market sentiment looks valid short term to me. See how we go.

Foodies, stopped out @ loss OGA, 4c suggests ‘Sunday too far away’, still on watchlist.

Hound and I have finally rid ourselves of the winter addiction that was Coles finest ‘angus beef’ sausages, ever so sweet while it lasted but the team had to act regards self-preservation.

Daily walk run sessions the new norm and returned off back of one during the week and ran into a colossal shite fight between BH and daughter.

Team did not want to know about it, bee lined for garage but daughter approached in full ‘be grieved princess’ mode…… Dad Dad need to talk about mum, completely unfair …………. accompanied by the tears of manipulation on her young face.

Now the daughter gets her looks from the BH and has over last year or so begun to flaunt her natural assets (slut up an appropriate descriptor), and the BH was drawing a line in the sand concerning cleavage.

Team was on immediate alert as we had landed in bit of trouble concerning a failed Seinfeld application of such some weeks ago, won’t bore the forum other than it had a bit of a life of it's own and did not want to get involved here.

Also, my ‘monthly’ with the BH is pending, no way that trade was to be subject to short selling.

The ‘princess’ quickly became an unbeknowing ‘stop loss’, dismissed from garage with the team showing full support for the BH and threw in a couple of lines like ‘grow up’ and ‘stop dressing like a slut’ to confirm how appalled the hound and I were with her behaviour in ear shot of the BH.

Fark me, I’m sure the forum would agree ‘trade is a trade’, eyes on the prize.

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Bless you R1, permanent smile for the weekend now. I was a bit worried and thought of you when I wrote about dogs...serious. But my careless ways got the better of me and I failed to differentiate or detail the deep relationships like yours with hound. I know what you mean. I meant many times to comment on your allusion to tree climbing as a lesson for risk management in a post some weeks back. It was great. Today, I think you hit the nail on the head with the shared values problem and I tend to agree with your take. It really is at the heart of all human struggle. Lovely post, by the way.