November began a bit disappointingly for some of our 10 Bagger calls. E25, in particular, dropped following the numbers from its quarterly, while a few others such as KTG and FRB also drifted lower. But as many wise investors remind us constantly, this is a long game
It’s pretty easy to get people scared of a market crash. October is the month with three of the worst market crashes since 1929, so each mid-September, like some annual tribal ritual, the gloom and doomers get all excited and vocal and manage to find lots of reasons to give the markets the heebie jeebies.
After the usual dog days of July and August - almost like clockwork - the markets turned around on 1 September. At the lower end of the markets, September, November, and December usually see the bulk of the year's profits. October is usually not as good as…
Despite the market winding down for the Easter break, three of our stocks hit record highs last week ENX.ax, CHN.ax and ETH.ax. Enegex was up 50% this week to make a new high of…
E25.ax continues from strength to strength. This week they co-raised A$35.5 million more free cash from institutions to accelerate their mining directly to phase two production in early 2022."
European Royalty enters the King Island share register as the share price climbs to all-time highs of 33c, whilst our free KIS options (KISOs) hit 22c, also a new high.
MAN.ax started Monday with a strong move up to a new high of 17.5 cents on speculation about its drill rigs soon heading off to drill into its very prospective Newlyline tenement near CHN.ax’s Julimar site in W.A.
Two more potential 10 Bagger calls were made this week…the new issue we encountered acutely this week is that as the 10 Bagger name is spreading fast around the ASX market, it makes our job of arranging cheap private placements (PP) for members much harder.
We called Firebird FRB.AX - the new IPO starting to trade on the ASX in mid March (19th) as our third official new10 Bagger this year.
The great news this week is that we can now tell members that we have now found 5 new potential 10 bagger stocks for this year. They can start kicking-off within a week through to two months.
Deals are now coming to us thick and fast as the 10 Bagger Club name increasingly gets around the market.
This was an interesting week, dominated by the shenanigans of a Discord/Reddit chat group WallStreetBets retail investors attacking the big hedge shorters. A very interesting story with much more consequences to play out from it.
In summary the ASX is looking very strong now as money comes pouring back into the market after the year end holiday. Next Tuesday is Australia Day holiday on ASX.
Unless something extraordinary happens next week, this will be the final wrap up for 2020. And what a year it’s been. If someone had told us back in March that the markets would rebound and go bezerk in the way in which they’ve done, we would have called them crazy.
The portfolio, and the markets in general, took a bit of a rest through the week. You have to admit, it’s been a pretty good run…
What a week! Global stock markets continued to rally, with the Dow jumping through 30,000 level.
Global stock markets continue to look through the current gloom of lockdowns and focus on the prospect of a robust recovery in 2021.
Bitcoin (BTC) rallies hard to US$18,758, up from $16,000 at the start of the week (a 17% gain) Nils dropping a report this morning with predictions of it going to $500,000! Citibank now calling it to $315,000.
