Short Term Trading Weekend Lounge: 9 - 11 July, page-75 - HotCopper | ASX Share Prices, Stock Market & Share Trading Forum

Originally posted by peejayhercules: ↑

Signs Of ... the Covid situation in OZ making investors nervous and keeping a lid on the "fly away in July" stuff, culminating in a pretty red day on Friday.

You could still make a bit of money on the following:

Below 5 cents ... 25
Between 5 cents and $1.25 ... 71

Charts asking for some research: AO1, CT1, LCT, NME, NWE, TRM

Best looking charts: DRE, TYM, BUB, TNT

Early movers ... AUK, CT1, EMP, FBR, IBG, JAT, JPR, KPO, LCY, LCT, MEU, MCT, NET, PSL, TD1, TYM, BMG, CRO, FCT, LBT, LOM, VR1, AVA, BUB, CG1, ILA, KTD, MRG, PYR ... not bad, but I remember July's when that list would fill up the page

A poor May and June, combined with my changing personal circumstances, saw a lot of soul searching about my modus operandi moving forwards.
I ended up with a third of my portfolio on MAG, and a third of my portfolio on DRE. Probably looks like a strange and risky decision given they are explorers ... but if you research them you might find they are explorers with a difference or two. Anyways, from their SPs early July I ranked them both a 50/50 chance of a 5 bagger by Xmas, with limited downside risk given they have multiple (and I mean multiple) Tier 1 targets they are drilling.

So it's put the feet up time for me for awhile, which is quite ironic given that I've somehow hurt my knee this week. Off to the doctor, who set me off for an X-ray and ultrasound. The X-rays are easy, you can pretty much walk in off the street and get one. Ultrasounds have a one week waiting list. After 15 unsuccessful phone calls, I bumped into a radiology clinic that had a different approach ... they let you come in and sit down and wait, and they try and squeeze you in sometime that day, but their waiting room was packed out and they were already half an hour behind ... so no guarantees. Anyways, some very impressive hobbling, combined with some equally impressive moaning and groaning, saw me in and out of there within an hour. Results on Monday.

Limiting the number of international visitors ... can't stomach Dan the man ... but I've been calling out for that strategy for a long, long time.

Signing off by someone who's been far from perfect the last two months, and trying to shake it up now.

Expand

Hi @peejayhercules
Was doing some of my basic TA on your best looking charts. If you or others have time would appreciate any comments.
TNT, would we wait and see if it can crack and hold the 200MA before entering?

BUB, seems a pretty safe entry but maybe wait for some volume to confirm? 200Ma still a ways off and is well down on prior highs so plenty of scope for good gains. I am wary of H&S on the weekly which would normally resulting in SP going still lower but hard to see after it lost 75% from its highs and bounced.

TYM, the spreads may seem small because of the low stock price? Could be an early trend reversal entry.

DRE, this is a chart I usually avoid. I get worried when stocks are making new highs and become scared to enter because in my experience they invariably pull back. To be honest I have no idea how to trade these. DRE is at 7 year highs, was probably a different company back then or has materially changed somehow. It has been strong but have I missed the boat? Wait for pullback? It did go higher on the day with volume but rejected the new highs. It is all over the forums but that could be a danger in itself. I think I can see a rounding bottom or could be a cup formed and ready to start the handle.