XSO (ASX) The Brains Trust-2019

Originally posted by cha: ↑

for those who picked up STO when it was shorted below $3.00 with "blood on the streets of the commodity market" so to speak
it doubled nicely to $7. It has spent most of this year backtesting that $7 level and now begins its next leg. Will see if can do it and double again to that $14. $8 today. blue shy darvis style break underway.
I remember GFC days when it was pulled back from those high levels to plumb the depths and just needed patience to buy and then patience to let it unfold in an expanding market with good management and the usual .... blah blah blah

same with ozl and those of us who traded it up from that $5 level. hit $10 and also spent most of this year backtesting. just retaken $10 level and should prove up like sto. ozl fell from $10 in gfc days and taken a long time to recover but it was always worth watching.

lots of others beach we spoke about at 35c level. personally i prefer future and management of sto but each to their own

then we move on to the big boys bhp ncm and wpl. for the mum and dad investor it was hard to go past these when the commodities started picking up. peeps can do a lot worse than stick with these
divvies have been coming out on a lot of these and normal to see a bit of selling until next year
nearly all on my list of big caps ( even including banks) green today

the specs as usual have taken a breather last few months for me anyway. will see if can get some explosive gains but again question is always one of timing for me. gant cycles seem a really blunt tool.

on a 3 month cycle, timing wise I normally see a lull leading up to xmas especially in oil and gold before we get the usual santa rally
jbh is my normal chrissie trade. it always seems to pull back sharply leading up to christmas and then spreads its wings again. I remember when it was $16 not so long ago. again it is one you can just buy and hold from lows but i am always wary of retail trends

I am sitting unusually high in cash in trading account. long termers in smsf still holding and will reassess those next year

this year been a bit slow
alk from 20c to 80c was good
mml from 30c to 80c was good
both now retesting that 70c level we have spoken of and identified as a potential for either a quick doubling or sometimes a retest of 40c level if commodities turn down
either way those 2 are my identified targets. both long term holds but also have an itch in my trading account. i am happy either way. if fall to 40c then should recover quickly. fa seems to be proving up nicely on both with a story unfolding.

some like try and moy are struggling here. that is the advantage of sto bpt ncm wpl bhp rio etc etc. the commodity cycle turns them down and down but you know when the sun shines that they will phoenix nicely and are not possibly going to go belly up. then again if try and moy hit 4c i expect over time they will recover like rms from 3.9c to $1.29 today. it is a calculated risk and some will fail but when they work they really work.
I know it is an echo of other posts on here and it is really good to see the thoughts of others shining through here

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Good post cha...

3 month cycle or the 6 month / half year cycle we've spoken of several times here in the past.

Looking at the miners, XGD, from the start of May, adding 6 months low to low gives end of October. Plus or minus 20 days sideways basing action at the low before the next leg up. It's not always that perfect but it suggests we may be in the zone and it's worth watching for a move over the next few weeks.