My Current Portfolio Update or My Stock Picks for the Future.
I had some spare time up my sleeve, ( A rarity these days) so I thought I would give you an update on what I am currently investing in at the moment.
As in the past I am still with coal seam gas (CSG). The main stock in this area at the moment is Senex Energy Limited (SXY), this used to be called Victoria Petroleum. Another good stock to watch here is Beach Energy Limited (BPT)
I have been investing in SXY on and off for the last 5 years or so.
A tip for you here. I also keep a eye on their smaller farm in partners as they are invariably small cap companies. who are tagging onto the shirt tails of these bigger more established companies. They are quite content for a small percentage of the action as they don’t have the necessary drilling equipment themselves,so they just supply a cash contribution.
As their share price is usually very low, usually around the 5 cent mark, a small movement in the share price can equate to big profits. You can find these little gems by looking at the company announcements of the bigger companies on their drilling and exploration updates.
The next area that I am involved is also in the energy field. The stock at the moment is Far Limited (FAR) . They are involved in drilling and exploration off the coast of Africa. Their tenements are quite large and they have just spent 9 million dollars on Seismic surveys. the results of which are currently being interpreted, and the results of which will be available in the New Year.
The other area currently being invested in is Gold. The two stocks are Millennium Minerals Limited (MOY) and Focus Minerals Limited (FML) . Both are gold producers. Both are in different stages of development, although their share prices are very similar.
Lastly I am again back into rare earths, Lynas Corporation Limited (LYC) . I have actually bought in on Friday at 0.71 cents. The reason for this was I had sold in August as there was still doubts with the plant in Malaysia. There still is, but the share price is ideally low enough for future investment as I feel their current problems will be resolved in the near future. Investors will then flood back again, the share price will go upwards, and I then sell.
Remember buy in Gloom and sell in boom. It definitely works being a contarian investor.
All of the above mentioned stocks have good future prospects for growth and profits.
I keep some stock for long term investing. Usually I keep back stock as profit, instead of cashing them all in. I am happy just to get my original stake back to invest elsewhere.
As per my trading plan, I never get too greedy,very often I am happy with 10% to 20% profit. I am happy trading the peaks and troughs of the various stocks..
The other areas of interest that I am researching at the moment are Graphite, Tin, Potash, Lithium and lastly Uranium. I wont go into the reasons why I have chosen these particular commodities, but they are very important elements needed for the future.
So off you go and do some research. I promise you it will be well worth the effort. Here is a link to read one of my articles on researching, Click Here. This and many more articles can be found in the education section.
I wish you profitable trading.