Wednesday, June 20, 2007

JUM - Taking Part profits

I sold out of some of my JUM stock today (ASX:JUM).

The reason was that it has risen quickly from 2.3c to 3.2c. That is a huge gain for just a few weeks investment.

I have taken profits out of the stock as I don't want to lose these huge gains. I am still invested in the stock but not as much as I was yesterday.

Good luck.

Tuesday, June 19, 2007

Record breaking day

Rio Tito (ASX:RIO) hit the $100 martk yesterdeay in what was a historic day for the ASX.

Its the first share to make that price and although it slipped back before the close it was still a record breaking day.
RIO has been spurred on from the resources boom.
Mind you there are a number of other shares which could have hit that mark already had it not been for share spilt. Harvey Norman (ASX:HVN) comes to mind.

Good luck

Wednesday, June 13, 2007

KME and WAL lead portfolio in poor day on market

I bought KME today.

While this has been a selection of mine for a while (bought in at 81c) I think now is a good time to top up the account. The PE is currently sitting at 16 which is high for stocks that I purchase. But the federal budget incentive plus the long term uptrend say this is a raging buy.

I bought in today at $1.395.

Another share which I am still raving about is WAL. I initally bought in at 22c and bought more at 20c and then 17c. It has returned to 20c and I am showing a small profit. When this company decides to do something with the cash it could be a big mover.

Good luck.

Tuesday, June 05, 2007

Another Great investment at only 2.4c (well I think it is)

I found another share which I just bought into on Monday.

The share is JUM.ASX

It is an interesting company that makes its money from gambling ( so no good for those of you who don't like gambling stocks). There were 2 big draw cards for me with this stock. The first being the amazing run of record profits. The second being a wise investment by management to buy back up to 10% of the shares on offer. This will greatly improve the EPS.

Another big draw card was the low cost to get into this share. It is only 2.4c

The price earnings is sitting around 10 so it is not overvalued at all. Combine this with record profits year to year and you have a great share. This one reminds me of my (still current) investment in ASU. This stock has potential....

Good Luck