ASX performance

Strange but the market is down by more than 50 points. Where is the logic other than profit taking? DJI up, POG steady, and AUD down a little.

Good news for me; my own portfolios are actually up, courtesy of the expected good news from AVB. But what gives me great delight today is GTE and TRH, up with no news. I bought TRH and ELM when BHP put in a bid in for Potash Corp of Saskatchewan to capitalise on market sentiment towards potash. ELM (from 35c to $1.05c) is in trading halt but I don't know why. I hope it is not for raising money via a placement. TRH has finally gone for a run itself these 2 days and I am onto nearly 50% profit.

I have no idea why GTE has been going up and up. I already know its good prospect (close to SFR's tenement and a larger anomaly).

I must be a fluke! Even my TAS is up to 13.5c (the SPP from last month was at 10c). Unfortunately, I don't have spare cash at the moment as it is a good day to buy Mongolian stocks. I have budgeted some money for SPPs for SGY and KAR. However, I have closed my Morgan Stanley Smith Barney account and expecting some cash to come my way very soon :-)