Club Mulgoa

Tuesday, February 25, 2020

AQX

When a precious ore body is discovered, often neighbouring tenements will also rise in value.  Ore body does not respect human boundaries.

AQX lies to the east of Boda deposit, recently uncovered by ALK which we currently hold.  AQX had spiked recently but with coronavirus wrecking havoc on world markets, it fell in the last 2 days and I saw the opportunity to invest in it.  Smart or dumb?

Friday, February 21, 2020

VUL

Next Small Cap Stock of the Year 2020 is VUL for its Zero Carbon Lithium in Germany to supply European electric car development.

When I bought it had already risen a lot.  But I put a bid in at 28.5c.  Not expecting to get any bu expected to chase the stock at a higher price.  Surprise, someone sold a chunk to me!  By late afternoon, I had made >20% profit!  Had I bought more, it would have come down in price, superstitiously!

https://www.nextsmallcap.com/revealed-our-top-stock-pick-2020/?utm_medium=email&utm_campaign=VUL-UA4&utm_content=VUL-UA4+CID_48d707d05302095f3270beaf168cbc60&utm_source=SD&utm_term=REVEALED%20Our%20Top%20Stock%20Pick%20for%202020

Friday, February 14, 2020

NST, ASX, WZR

If Wuhan coronavirus pandemic gets worse, gold price will rise further.  So if NST is sold off, I might as well buy more (not far from its low)!  Been dropping in the last two day while gold is around USD$1570 per oz.

And if the stock market has been condemning ASX's profit announcement and selling it off over the last 2 days, I can't resist topping up (very near its day low).

WZR had been hovering near its high but also dropping in the last 2 days... and so I bought more.

All these stocks are near their high but fallen over the last 2 days.  Is it wise to buy?  Perhaps I have been gutsy and foolish!

Friday, February 07, 2020

Wuhan coronavirus

Reality is sinking in again...

With Wuhan coronavirus creating havoc around the world, it amazes me that stock markets were functioning like a cure or vaccine is already there and China has contained the illness.

So far, outside of China, very few deaths have occurred and infection rate does not seem to be exploding. I have no idea why; awaiting epidermiologists to advise.

Like a yo-yo, perhaps some form of reality is sinking into fund managers as US markets are falling and price of gold is rising overnight. However, what is intriguing for me is while almost ALL market futures are down, I wonder what is the SPI doing going UP! And we are a Chinese poodle from an economics point of view. Bizarre logic works in the stock investment world!