March the 26th, 2007, Wednesday
The All Ords pushed ahead 37.4 point to close at 5970.5.
BHP Billiton, the world's biggest mining company, powered ahead by 84c to end at $30.04 after completing $3.5 billion of its $10 billion off-market share buyback.
Coles Group Limited reported a net profit after tax increase of 3.5% to $501 million for the 6 months ended 28 January 2007. The company said it was on track to deliver full year earnings of $787 million but anticipated lower. Coles shares were trading 22c higher to $16.22.
Merger fever once again hit the market, Swiss mining giant Xstrata is poised to bid $4 billion for Australian nickel miner LionOre. LionOre is currently in a trading halt, its shares last traded at $17.59.
My trading session:
Many short term investors/traders would have breathed a sigh of relief as BHP finally broke past resistance @ $29.50! I was up in arms cheering the stock!
I sold a partial amount of my stake primarly to fund money from my new powerhouse PC :P! But I bought more at the close as I think the bull has recharged is horns, and is now heading for a test of its all time high @ $32.
I sold off my stake in Origin @ $8.84, which I bought initially @ $8.67. I shouldn't have though.. as oil broke past resistance @ US$62, ORG will probably surge to resistance tomorrow which will annoy me :/, but none the less the profit is a piece of cake rather than a huge pie i'm trying to culminate!
I'm happy with my share performance, i'm holding significant amounts of BHP & ZFX at the moment, ZFX will unleash its 70c dividend on Friday which will be a great way to cap off a good month!
I'm veering my interest into oil stocks though.. I think should the All Ords break past 6000 and resume its rally, with oil bullish, I think oil stocks after almost an 8 month down-cycle + consolidation will pick up and join the party, they're one of the big sectors that have had no rally yet! So i'm keeping an eye on Woodside/Santos/Origin.
BHP Billiton, the world's biggest mining company, powered ahead by 84c to end at $30.04 after completing $3.5 billion of its $10 billion off-market share buyback.
Coles Group Limited reported a net profit after tax increase of 3.5% to $501 million for the 6 months ended 28 January 2007. The company said it was on track to deliver full year earnings of $787 million but anticipated lower. Coles shares were trading 22c higher to $16.22.
Merger fever once again hit the market, Swiss mining giant Xstrata is poised to bid $4 billion for Australian nickel miner LionOre. LionOre is currently in a trading halt, its shares last traded at $17.59.
My trading session:
Many short term investors/traders would have breathed a sigh of relief as BHP finally broke past resistance @ $29.50! I was up in arms cheering the stock!
I sold a partial amount of my stake primarly to fund money from my new powerhouse PC :P! But I bought more at the close as I think the bull has recharged is horns, and is now heading for a test of its all time high @ $32.
I sold off my stake in Origin @ $8.84, which I bought initially @ $8.67. I shouldn't have though.. as oil broke past resistance @ US$62, ORG will probably surge to resistance tomorrow which will annoy me :/, but none the less the profit is a piece of cake rather than a huge pie i'm trying to culminate!
I'm happy with my share performance, i'm holding significant amounts of BHP & ZFX at the moment, ZFX will unleash its 70c dividend on Friday which will be a great way to cap off a good month!
I'm veering my interest into oil stocks though.. I think should the All Ords break past 6000 and resume its rally, with oil bullish, I think oil stocks after almost an 8 month down-cycle + consolidation will pick up and join the party, they're one of the big sectors that have had no rally yet! So i'm keeping an eye on Woodside/Santos/Origin.
posted by visherer at
3:51 AM
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