Hi,
That last one was a wild week. I haven`t been able to isolate a trend. More red in the portfolio. Though, my belief of gold being an "inflation hedge" has been shaken. The averaging-into-positions has helped me keep the losses low. This week should be filled with more pruning of the portfolio.
My portfolio :
Symbol, Entry Price, %Gain, % of Portfolio
GOLDBEES, 2999.34, -3.45%, 56.59%
HINDALCO, 133.33, -2.46%, 14.32%
GUJNRECOKE, 22.78, -4.08%, 14.25%
VESUVIUS, 350.50, -0.50%, 3.44%
FKONCO, 109.50, -2.88%, 3.46%
CASH, 0.00, 0.00%, 9.06%
The explanation :
1) GOLDBEES - I am waiting and watching it. The trend on US Gold Futures is a down-trend. The "inflation hedge" theory has come under serious scrutiny. :annoyed:
2) HINDALCO - This share moved down last week. I haven`t increased the position.
3) GUJNRECOKE - I sold this position only to see it move up about 5% (in 1 and half days). So, I re-entered only to have it move down on me. There is a definite up move. The targets of about 28 and 35 are being aired.
4) VESUVIUS - This stock made a W recovery pattern with apt volumes. So, an up-trend could be on the cards. I am using 348.9 as a stop-loss.
5) FKONCO - This stock is, also, coming off a W recovery pattern with apt volumes. I am using 108.2 as a stop-loss.
Also,
1) AUROPHARMA - Cutting the position has been a good idea. The stock was moving with the NIFTY. It collapsed under the pressure. :clap:
2) NMDC - This stock moved below the stop-loss comprehensively. I cut this position, taking a loss of 2.05%. The size of the position was minimum.
3) PRISMCEM - This position was stopped out. It was loss of -1.57%. Again, this was a minimum position.
Thanks for reading,
Amit
That last one was a wild week. I haven`t been able to isolate a trend. More red in the portfolio. Though, my belief of gold being an "inflation hedge" has been shaken. The averaging-into-positions has helped me keep the losses low. This week should be filled with more pruning of the portfolio.
My portfolio :
Symbol, Entry Price, %Gain, % of Portfolio
GOLDBEES, 2999.34, -3.45%, 56.59%
HINDALCO, 133.33, -2.46%, 14.32%
GUJNRECOKE, 22.78, -4.08%, 14.25%
VESUVIUS, 350.50, -0.50%, 3.44%
FKONCO, 109.50, -2.88%, 3.46%
CASH, 0.00, 0.00%, 9.06%
The explanation :
1) GOLDBEES - I am waiting and watching it. The trend on US Gold Futures is a down-trend. The "inflation hedge" theory has come under serious scrutiny. :annoyed:
2) HINDALCO - This share moved down last week. I haven`t increased the position.
3) GUJNRECOKE - I sold this position only to see it move up about 5% (in 1 and half days). So, I re-entered only to have it move down on me. There is a definite up move. The targets of about 28 and 35 are being aired.
4) VESUVIUS - This stock made a W recovery pattern with apt volumes. So, an up-trend could be on the cards. I am using 348.9 as a stop-loss.
5) FKONCO - This stock is, also, coming off a W recovery pattern with apt volumes. I am using 108.2 as a stop-loss.
Also,
1) AUROPHARMA - Cutting the position has been a good idea. The stock was moving with the NIFTY. It collapsed under the pressure. :clap:
2) NMDC - This stock moved below the stop-loss comprehensively. I cut this position, taking a loss of 2.05%. The size of the position was minimum.
3) PRISMCEM - This position was stopped out. It was loss of -1.57%. Again, this was a minimum position.
Thanks for reading,
Amit