Hi GF,
Appreciate the tag, I've been quiet last couple months for a few reasons...in short:
1. Landed a pretty good job and they wanted me to work fulltime + occasional overtime when required and I have uni..it is possible but would mean I would have absolutely no time for stocks.
So me trying to be strategic decided I'll pick up extra subs at uni overload my uni timetable, show it to work and theyll give me some time off. Then I'll drop the sub and use that extra time to research stocks...only flaw within the plan is me being the dummy I am forgot to drop the extra subs hahah. So this semester I've been stuck with 58hours of uni a week lmao. 2 more weeks of this semester to go so I'll be back more frequently soon.
2. Quite simply put markets been crap, first time in a long while I've been at a net loss (paper + banked) nothing too severe but just something I'm not used to. But decided to take a step back do less talking and more learning. First time I think I've been through a genuine bear spec market period. I know there was volatile periods such as brexit and trump election but no sustained hammering of specs.
Nothings changed too drastic in my holdings, still have my two fintechs IAM and CR8 free carried(until today).
Some valuable lessons have been learnt in this period:
- Pay attention to XEC:
Its posted two higher lows, and two higher highs recently so could be the start of a recovery, lets see if it can post another higher low from here.
- Be patient and plan out your entries and exit, less FOMO
- Having periods of losses and low profitability should not affect your mood as goes with wins, usually means you are too attached to the money. After all its just money and we should count our other blessings regardless.
- Markets like this will make a fool of you if you're buying heavy into specs that have made a bag+ already with no exit plan in place.
However I have scouted out some stocks I like trading nice and low.
CR8 - Grabbed some today and "Unfree carried" myself. If it gets better I'll start building a decent position at these levels. As it stands 4 Fortune 100 companies doing paid trials with them. They just landed a contract with MetLife one of the largest insurers in the world who own MLC. Also have paid trials with AMP and DirectMoney. The raise is now over and done with, cashed up and once one of the clients decide to go through with the product it should do well.
LSH - 7.7m EV. Have about 10quarters of cash. Here are some of there peers
Chart also looks okay, could be absorption or could be re-distribution. Not sure yet but I decided its the former rather than the latter based on fundamentals. Expected to be listed on ARTG mid-august. They have CE cert and there is mutual compliance between CE and TGA so just a matter of time.
Adherium (ADR) - Trading below cash, I think a reason being is its coming towards some dilutions as options/shares come into play August. But even then would be trading below cash, could be worth a watch.
PAA - I'll likely take an exit soon but heres some of my reserach anyways.
Anyways been paying attention to your tipping GF, gunning through them haha.
Hope everyone else is doing well, will be back in couple weeks...until then back into my cave