Pretty good week for the team, bit of the mojo back about the place.
Couple of the stocks we hold performed and subsequently reduced to take a bit of money from the bourse.
Am pretty solid EOS after retracement < 475 (CR) but just read the anns and bit of a fizzer, bugger.
KME < 95, RHP < 2, SLC 1 ish (surprise surprise) have been accumulating, they haven’t moved much but we are entering the 4c (1/2 yearly) reporting season where the market will get its 1st glimpse of a numerical representation of covid.
Have had a long history with all 3 stocks, KME & RHP especially have been good to the garage and am seeing a potential rerate of both, KME to a higher margin 'on line' model and RHP with the Microsoft license platform seems to be very much under the radar especially when viewed against performance of its big brother DDR. RHP last anns withdrew guidance but did not mark down sales performance, something the market did not pick up on, KME directors in market < 1.
These stocks are not % hero’s but potential dollar accumulators, not interested in 50% on 4k but 20% on 20k, the 2nd occurs in the market much more often than the 1st with more manageable risk profiles.
Have in the back of my head since Li boom ended capital accumulation not really about stock picking but management of trade profiles and appreciation of confidence levels of outcomes, DYOR the speccies over last little while are saying otherwise.
Goldies intrigue, holding 3 for some time EVN, WGX & PNR also added BCN week or so ago, only danger I can see if someone comes up with a vaccine which will probably result in short term weakness in POG, so while I’m solid not overexposed as the market only needs a whiff of a vaccine.
Holding / trading a few others don’t want to jinx, Eck's SOM going ok, took an initial small position in FLN @ 40 ish and re-entered WSP & LBL on weakness.
Surprised on news of Powerhouse Museum this morning, Sydney despite appearance still has a tiny semblance of a cultural soul and indeed not quite the graveyard of human grace it has portrayed itself as over last 5 years or so.
Got a real problem down here, haven’t had a barbie for yonks’ and the hound is now holding 2 pick of grille ‘in bowser’, is completely trashing the place in expectatio, having one tomorrow just to releave the pressure on the little blokes salivary gland or we will just have to hose out the garage.
boys on a bit of a Stevie Nicks binge, Eck's fav atm.
