Friday, 24 August, 2007 - Update

I'm getting so busy with college now that I've found some new products to play in the market.

Firstly here are my positions:

Rio Tinto - $91, $81 - I believe Rio has made a very good move in taking Alcan. Aluminum has been much more stable than other metals so I expect the cash it will make from the metal will be consistent, and also the fact that Aluminum has not boomed as much as Copper, Nickel, Lead, Zinc or Uranium have. Good move by Rio, LONG TERM BUY

Caltex - $22.80, $23.80 - Caltex is a great company, very transparent, I fill my fuel up from it all the time, and its backed by Woolworths. It reported a 46% jump in profit today which obviously assures me its still making money, its also been holding at the $23 level quite well, and I believe that like Santos (STO) it will rally to $28 in the coming months, as well as being a cash generating machine. LONG TERM BUY

Babcock and Brown - $22.50 BNB has very little exposure to the sub-prime, and sub-prime was a balloney excuse to dump financial stocks which have done very well anyway. I bought into it as it kept falling. BNB profit surged by 65% as well as giving an improved outlook, if it falls more I'll simply buy, and same if it rises past key resistance levels.

Trading Update - 9 July, 2007

Long time since I posted, so here's an update on my July month.

Since I last posted I've become a bit better at trading, stop-losses are a must!

Current positions:

Accumulating Zinifex (ZFX) (long-term) @ support points - 18.20, 18.70, 19.10, 19.50, stops moved to $20.

Accumulating Caltex (CTX) (long-term) after its over-done drop - 23.50, 24.40, stop moved to $23.90.

Bought Oxiana (OXR) at $3.88 speculative merger with ZFX, stop at $3.66. This stock is REALLY cheap in my opinion, and if the rumors aren't true, Oxiana has a massive cash flow, low P/E ratio, and if it keeps up its profits it could surge to $7 in several months.

Speculative buying on Resmed (RMD) after it bounced off support @ 4.85, stop-loss at 4.30 (I know its big, but there is WAY more upside than downside to this stock, its bounced off everytime)

Bought MFS @ 5.77 after higher-highs from bouncing off support at 5.50, stop-loss @ 5.48.

If I had more money I would buy ANZ Bank, as I believe its new CEO can milk money for the bank because of his experience in Asia, I think ANZ is the last **good** Australian bank that is cheap and bound to take off.

I would like to buy Seek Ltd. (SEK) after it breaks over $8, this share has been consolidating for ages and is poised to rally as the Australian jobs market remains strong.

And I'm not invincible either, a summary of my losing trades: bought MacQ Infs Grp (MIG) as it held @ 3.85, stopped out at $3.58. Bought ROC Oil (ROC ) @ 3.48 after a failed breakout, stopped out at $3.28.

Other stocks I'm looking at are Boart Longyear (BLY) - I don't like small-caps much, but I believe this stock could be the next Worley Parsons. It's a cheap stock, but lets wait for its first profit report.

- Vishal Teckchandani

April 16, Monday, 2007

Overnight gains in metals prices propelled the All Ords 59.8 points up to close at a record 6183.6 points.

BHP Billiton, the world's largest miner, pushed 54c to $30.39, rival Rio Tinto added $1.65 to $83.85, Oxiana surged 11c to $3.16, Zinifex firmed 6c to to $15.67.

Other highlights included commercial blaster Orica, which jumped 41c to a new record close of $27.40, Woolworths rallied 82c to $29.08 on speculation that it will join the KKR consortium to bid for Coles.

My trading day:

I'm on my new computer so I don't have graphs avaliable, but anyway:

Origin: Like I said - I bought the stock as it broke past resistance at $9, with a stop at $8.78. The stock rallied to $9.25 - I foolishly set a sell order at $9.25 and forgot to cancel it.. none the less i'm going to look for Origin to respect support at $9, or break through $9.25 on strength - my current thinking is that the share will rally to $9.75.

Stocks in my watchlist seem to be getting pretty expensive - most of them are rallying to their highs or breaking through them, so i'm just targetting stocks that are approaching their all time highs (like BHP/Origin).

Aprin 12, 2007, Thursday

The All Ords defied a weak lead from Wall Street, inching up 6.7 points to 6142.8.

Resources were mixed with BHP Billiton, the world's biggest miner, shedding 37c to $30.23, rival Rio Tinto added 27c to $83.77, uranium miner Summit Resources surged 20c to $6.00 after Paladin raised its takeover offer to A$1.18 billion.

The Energy Sector strengthened following a gain in oil prices, Santos rose 34c to $10.64, Origin gained 21c to $9.08, Woodside firmed 27c to $39.15.

My Trading Day:

Well my eyes went on Origin as it broke past resistance @ $9 quite strongly, it went as high as $9.17 but then eased..

As you can see on the chart it broke that ascending triangle which is a pretty good sign, I bought the shrae @ $9.02, I don't want to be too tight with my stop so I put it at $8.78. If the charting is correct - with the line measured - the stock may go up to $9.75 which will be a good ride!

I'm not really convinced with today's stockmarket performance, i'm expecting a harder drop in the short term - seeing as we haven't been in the red for a while.

Rio Tinto is really firing as well, it looks like fund managers like swapping their money around from BHP & Rio to pump both their prices up lol.

April 10, Tuesday, 2007

Another stellar rally drove the All Ords up 75.10 points to 6139.10, a new record. Surging metal prices, a takeover bid rise by Cemex for Rinker, and less woes in the US economies helped.

BHP Billiton, the world's biggest miner, gave a lackluster performance, up 15c to $30.48 after it's proposal to build an LNG terminal in California was thwarted by the States Land Commission. Rival Rio Tinto seared up $1.45 to $81.78.

Oxiana continued a good run, up 6c to $3.19, Zinc prices surged to their daily limit of 6.5% - Zinifex was up 38c to $16.09.

Other highlights include Macquarie Bank, surging $2.51 to $87.01 and stealing the show from CSL to become the first $100 share, CSL steadied up 9c to $85.99, Perpetual advanced $1.55 to $81.70.

My trading day:

Its holidays so I was hoping to test some more trading strategies out - ofcourse I wasn't going to change how i'd play Origin because its working perfectly. Oil slumped 4% but then advanced, oil stocks seemed to 'meh' it and either advance or remain steady.


I kept trying to buy Origin Energy $8.78 but CMC Markets went el retardo on me today and their trading platform fucked up, costing me money really - coz I wanted to buy Origin - which went up to $8.92 from the price I wanted to buy. So I gave them a piece of my mind through a telephone call anyway.


Dissapointed with BHP's performance but I spse its a good thing that the LNG terminal in California isn't built if its gonna majorly impact the environment, hope BHP's share price isnt too deterred anyway - maybe they can focus on more exploration with that LNG money!

April 05, 2007, Thursday

The All Ords took a pre-Easter breather, shedding 15.6 points to 6063.4

BHP Billiton, the worlds largest mining company, down 31c to $30.33, rival Rio Tinto shed 66c to $80.33, Zinifex defied the trend by sprouting 35c to $15.71 on the back of Zinc gains on the London Metal Exchange, Oxiana continued its charge, up 10c to $3.13.

Other highlights included West Australian Newspapers, which got hit $1.10 to $15.90, biotech company CSL added 41c to close at a record high of $85.90, the stock leads the charge of Macquarie Bank, Perpetual Limited, and Rio Tinto to become the first stock to reach the $100 level.

Oil was marginally weaker on easing Middle East tensions, Origin slipped 11c to $8.74, however, Woodside Petroleum climbed 26c to $39.04.

My trading day:

Well I didn't trade today simple because I was too busy!

I probably wouldn't have made any moves anyway considering the market has gone up so much this week.. and I thought it would surge even more as Copper/Zinc/Nickel/Lead did well on the LME.

As I mentioned - I really think Oxiana is undervalued, and its starting to show sings of activity.. if it can hold above $3.00 it seriously is a tempting buy, but I think waiting around for it to "respect support" might be an utter waste of time, considering how much this share has consolidated and its 800% increase in profit this year, it could just surge to its all time high in no-time.

I'm happy to take a punt in Oxiana and buy it where it is and put a stop under support the strong support area of $2.75.


Have a happy easter! I'll come out with a video in the weekend!

April 04, 2007, Wednesday

The All Ords pierced its all time high, closing up 81.4 points to 6079.

Wall St. flagged the advance with the Dow Jones jumping 128 points to 12,510, commodities also surged with copper reaching five month highs, and takeover speculation added more frenzy.

BHP Billiton, the world's biggest miner, added 55c to $30.64, rival Rio Tinto strengthened $2.09 to $80.99, Zinifex recovered 30c to $15.36, Oxiana flared by 21c to $3.03.

Easing tensions between Britain and Iran saw oil ease. Woodside Petroleum lost 47c to $38.68, Origin Energy shed 3c to $8.85.

Other highlights included biotech company CSL, which impressed again with $1.99 to $85.49, Coles Group surged 75c to $16.86 after the Wesfarmers bid, Wesfarmers rocketed $1.69 to $38.60.

My trading day:

Well this is great! The 2 days I decide not to play (and I couldn't anyway because of exams) the market surges almsot 3%! Lucky i'm still holding BHP.. all my positions in it are now gaining! Zinifex is still looking bouncy, i'm hoping it either just surges from here or forms a base at a low of $15.00.. looking @ LME Zinc atm it broke resistance past $1.50 which is a good sign!

Oh and what did I say about Oxiana? It SURGED past $2.80, $2.90, $3, I really have a feeling this stock is very undervalued and going to skyrocket sometime soon, i'm only going to watch it though because if I add Oxiana.. my portfolio will be pretty overweight on commodities.