Club Mulgoa

Sunday, April 29, 2018

CTI

I am not there to understand how investors behave.  But I love it when they behave like dills.

CTI had a good announcement today.  It is starting off as a monitoring company with a good idea which is increasing its business.  This AM, it was 1.7c at open, dipped to 1.6c which is my bidding price.  And now it is 1.8c.  So nice to make more than 10% profit in such a short time.

However it has been a heavy loss for me because I bought it during an euphoria as its business model shows a tremendous prospect.

Thursday, April 12, 2018

NWL

I must be very ignorant.

NWL came out with a decent financial statement and its share price went down.  But I am not an accountant.  Maybe, the market is expecting a much better set of figures.  I put a lowish bid and picked up a small parcel a short while ago.

Tuesday, April 10, 2018

ERM

It has been a while since I see such a terrific announcement regarding a new find.  The result is spectacular.  At the height of the mining boom, it will have leapt extra high.  Well, it leapt but I didn't want to be caught in the upwards spiral at the start.  I put in a lowish bid at 8.4c and went off to do gardening, expecting to be left high and dry.

In fact, I got in at the trough!  That is rare for me.

https://www.asx.com.au/asxpdf/20180410/pdf/43t2sb9x2fyk0d.pdf

Sunday, April 08, 2018

FBR

As I would expect, FBR will be announcing something about their robot.  If there is good progress, then one would expect a good rise in the share price.  However, I can't understand why investors have been selling.  And today, it went up a lot but you can expect sellers if there is no further good news announced in the next few weeks.