Hi @mirren and traders.Had a good week here, traded POD, Z1P and...

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    Hi @mirren and traders.
    Had a good week here, traded POD, Z1P and RAC well but stuffed a couple up. Four green days and one red this week putting me nicely in front for the FY.
    Hindsight is a wonderful thing.
    PSL, have held for four years so not about to throw in the towel here but I should have seen the signs including the short EMA change and sold half during the week ready to buy back, bit peeved that I missed the signs. No excuse as there was plenty of time. Holding a fair few for my small account, larger that the 2% rule, average is 4.7.
    https://hotcopper.com.au/data/attachments/3393/3393935-652704ff745a9329b6991a83958d31e8.jpg
    DRE, holding my limit at 4.5, so not too late for what could be for this one.
    Sold 25% at 5.5 when I saw the indecision bars and the stock had not really moved for hours. Failed to take into account the low volume and shortly thereafter had to buy them back at 5.8 when I saw the order bids swell, bringing my average up a little. Lack of patience cost me here and it was luck more than skill that I am now nicely in profit. Massive volume came in late, saw a couple of bids that what I thought were props of 4mil but they were getting hit and then another at 8mil which was also getting chewed into so I knew I was safe to hold for next week. That's $480,000, surely instos/pros.
    https://hotcopper.com.au/data/attachments/3393/3393941-55c91960ecbd808befe384ffcc693d23.jpg
    Traded POD thrice, have got to know this one well. Was holding at 19 when the channel break came. With the volume and spread Wednesday I felt news must have leaked but when nothing coming Thursday I sold half at 60.5 on open. Bought them back at 56 and did that twice more from 56 to 59. Only a couple of hundred each time but it adds up. Was holding the full complement when the late surge and volume came Friday, making me think possible news Monday.
    https://hotcopper.com.au/data/attachments/3393/3393959-01f5f60da538119489fd0ff4d3ba0ed7.jpg
    Traded Z1P from 6.98 to 7.20, RAC from 3.54 to 3.74, none of these were really worth trading with small capital. Bought AGC at 14.75 couple of weeks ago and sold yesterday at 15 whereupon it immediately went to 16.5 with volume lol.
    Still holding a few CNB, but it is becoming a little disappointing with grades not appearing to match the hype on the threads.
    Still a large holding in MAG, 20% down on this and will need patience.
    Enjoy your weekend all.
    Last edited by rick64: 24/07/21
 
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