Club Mulgoa

Tuesday, June 30, 2020

EOS

We have to look after our own super and I have to be pragmatic on how we save as no one will be looking after us financially, not even the government.

Today with an announcement of more than $250B on defence, EOS went up like a rocket.  I am not proud of military expenses.  However, many governments do that and it is a rat race there to be powerful militarily.

Monday, June 29, 2020

Life360

I read about this stock in the AFR saying it has been missed by the boat!  That is, people who wanted profitable stocks have left it behind.

When I looked at its performance since inception, it has been rocketing upwards... until Covid 19 put a damper on its US progress.  Even with an impediment, its app looks like it should be useful during the pandemic!  Just look at its shareholders' report in ASX announcement.

Hence I tried to jump into the bandwagon, but the price kept running upwards.  When I finally got it, it started coming down!  Never mind, today, it has gone into positive territory again.

Thursday, June 18, 2020

ARV

Nearology is now rewarding ARV.

If someone finds a big lode of mineral, you quickly secure the adjoining land! And hope the lode extends into your space. As an investor, you take a risk as NOTHING might be found. However, if the explorer has done the homework, there are special scanner that can tell you that your chance is pretty good... Even better if a big miner like RIO has uncovered another nice deposit very close by. And to reaffirm, another gold miner has already been mining a rich lode for years.

For a long while, I was nursing a loss.

Tuesday, June 02, 2020

Z1P

The trading halt was lifted today after it announced that it was taking over QuadPay, BNPL company trading in the USA but with Australian founders.  Often when spending a lot of money on acquisition, the market dumps the stock but in this case the fund managers liked it.

I love it when shorters are caught short!  The share price went up by 38% today.  Originally, APT and Z1P were supposed to do poorly during the global lockdown but that didn't occur in the end.  So both stocks were subjected to being attacked by shorters.