G'day Friday!!

Well yet again my asx papertrade is beating my comp trades! by x10! Time constraints and no 'pennies' is the main difference. I fluster myself in comp, skip opportunities I think would be slow gainers, but realistically, most of the asx200 are slow growth giants. Finding the golden tickets is the key.

They come with terrible news, great news, unexpected events, earnings releases etc. Eg Star Entertainment just releases earnings-lost over a billion in annual - dropped a whopping 53% today,at time of writing 10.30am.

Would you see this as falling knife (charts a huge downtrend over long period) or fishing opportunity? and over what time horizon? for me it would depend on company announcements or news showing a cash injection or loan from somewhere, or, the other type of dismal news putting final nails in coffin.

I'm finding new stocks thanks to AU papercomp, making new Au friends and discussing asx stocks.... very refreshing! U.S and China dominate most general feeds and chats so it's nice to have a gaggle with some Aussies in asx like me

One main issue is volume. We don't have the same amount pumping through like U.S so price points are key to me, you can't always buy or sell certain stocks if no volume for days! so I try and stick to price points on asx...

As opposed to riding the market on US, using TA reading MA'S, Bollinger, kdj, rsi or Denmark 9 has more immediate impact, usually being able to trade almost instantly with enough volume to simply go by % margins. I still like a price target, but more volume is usually more opportunies or flexibility.

Speaking of more volume, Novonix is killing it this week. I picked some up for .52 not long ago knowing it was full of good news lately but with bad charts...that = opportunity to me! 

thats the same logic I had with Fortescue. big drop on ex date = opportunity. From 16.25, still rising, tipped 20 today I believe? many said it would be no good, iron ore isn't making money atm..  Well I see those as cyclical markets anyway, most commodities have price fluctuations. At bottom usually means only way is up 😉 Lithium is back, Liontown making more Lionaires, Jervois picked up 27% yesterday opened only primary cobalt mine in US, with its own green power station among its assets..long term big pick. Mining bit tricky atm, being flooded with SEA mining productions was bound to dampen the market, but I believe it's temporary. We are finally setting up our OWN infrastructures, some more JV's, mostly gearing up for the ability to self produce and refine materials.

Oz is sought after for our abilities in  mining, mineral exploration and battery tech. US Govt has even put major cash into companies like Jervois and Novonix. So the need is there, belief in company is there, and definitely the product is there. Just needed cash boosts to set up infrastructure after covid hits and extreme interest rate rises back to back got very costly for a few years.. Finally seeing the light at the end of the tunnel for alot of small caps 🌈