The few positions in the spec portfolio has been liquidated recently.
I am disappointed with being slow to liquidate the speculative portfolio in June. Gave back good gains in stocks like MLX and very bitter with myself for letting the losses get bigger on HT8 for example.
The market sell-off that occurred during the last couple of months, and being out of active trading for a short while has given me some time to think things through, before venturing back into stocks. I think the market will be more challenging as I don't believe we'll be blessed with a straight up Covid recovery type bull market anytime soon...
There may be up trending periods which would be nice to participate in, but whether they will be the beginnings of bull runs or bear market rallies will be hard to determine. So the point I am making is, I may have to be a bit more active in taking profits sooner when a stock has had a decent run. At least should lock in partial profits.
Also I will try and keep the commentary rather brief as I have less time these days to write those mini-thesis stock research that I used to post. I may briefly outline the reasons for entering a stock or jot down some bullet points.
Also will just post the entry price at the time of purchase and just the % gain or % loss when the trade is closed to save time.
Therefore without any further waffle, I purchased American Rare Earths Ltd (ARR) shares at 27c to re-start the spec portfolio based on below reasons:
1. Aussie Rare Earths heavyweight Lynas Rare Earths Ltd (LYC) has broken the short term down-trend:
Hence assuming juniors like ARR will follow...
2. Continuation of China-America tensions. Given ARR assets reside in the American region, it could get re-rated as there is a push towards local sourcing of RE's...
3. Successful exploration continues...
Open Positions:
