Anzac Day

It was my intention this morning to walk down to the local rsl club for the dawn service unfortunately I didn't make it, a week of hard work caught up with me.
I ventured out at 6.00am and walked past the local rsl at 6.25am old folk stood around the area reminiscing or maybe they were talking about the weather probably neither. Whilst there a mother and two young children ran hurriedly towards the club carpark they would soon be disappointed, like me they were 25 minutes late if they wanted to participate in the dawn service.
It felt quite solemn walking past some of those old people. Inside people were eating eggs and bacon and swilling down rum, I kept walking it didn't feel right walking in when I didn't participate.
The rum would have certainly have been appreciated as the morning was quite brisk.

The week went by without any direct involvement in the share market, my motivation is not quite there maybe a few hours spent interpreting the last few weeks actions may inspire me.
The stock (the risky trade)I held a million shares off did sell, so a nice little 33% profit was made. I was completely unaware till I noticed late last night I had not given it any thought during the week. I had bought at .003cents and put in to sell at .004cents.
There seemed be some to some good volume in it yesterday and it finished off the day at .005cents. I am happy with my $1,000 profit (less of course buy and sell costs) so I will move on to something else, just wish I could find it.
All weekend to look so I will see what I can turn up.

Risky Trade

I still hold this one which I bought at 0.003cents, yes less then a third of a cent. I bought a million of them when I saw a jump in the volume the week before last, in fact on that day 100million were traded followed by 127mil the next day. I would not recommend this company though as their market capitalisation is only $25mil and they have over 6 billion shares on issue. It's been in decline for years even to a point where its price could not get any lower.
By now you must be waiting for the name. It's Newsat, short code NWT.
It's been a stock because of it low price and amount of shares on issue that has been one of the ASX's most notorious pump and dump stocks.
I have always watched this stock and have traded it many years ago.
What makes it different this time to the usual pump and dump that has previously occurred, I don't know it’s just a hunch.
I never ever buy anything on hunch, I have always previously traded based on a buy signal generated by the system that I am using at the time.
Is this the result of this protracted bear market I asked myself after I bought resorting to hunches.
Well it’s only a $3000 cost trade looking at 33% gain prepared to give it a go against my better judgement.
Know what you can afford to lose before you trade.

Happy Easter

I decided to bale out of virtually everything as things do point to a short term retracement in the POG. This time of year has seen some rises in the past of gold towards the beginning of the northern summer, this year I fear IMF announcement of its selling 403 tons of gold and the selling of scrap gold in Asia will dispel any rise in the POG for time being.
Till there is a realisation wholesale that the IMF sales will proceed in an orderly fashion and quite possibly to central banks of countries with large reserves of US dollars who no longer want to hold US dollars we will see some short term decline.
The US$'s from this sale will then it seems be dispersed into those third world countries that the IMF decide. Look like the G20 or was it the US stall gold from going up and prevent some dumping of their precious dollar in this exchange. The whole amount is not huge but it will have the desired effect.
The northern summer is traditionally the weakest time for the POG, so as gold has shown in its 21st century bull run that its quite seasonal, the next leg up again could be at the conclusion of the northern summer. The US printing presses that are hurrying out the dollar will also aid gold's run but inflation will not reveal its face for a time yet. So its still bide our time.