BLY (Boart Longyear)is a current open trade in the SMSF portfolio. I really like the look of this trade. Notice how after my buy signal prices pulled back for 4 or 5 weeks but volume decreased. As prices have moved up, volume has picked up. I also like the large saucer bottom prices have made over the last 10 months or so. Open profit of 45% is good, but it is nice to get a few 100% gains as these are the ones that make for a good year. Having said all that, I know anything can happen!Fundamentally, the reason for the price rising appears to be the fact that Borat(I mean Boart) has secured funding from the banks and won't actually go broke. Small comfort if you bought in at $2.50+ as it currently is trading at 44 cents.
I am not going to post any performance figures yet, as the SMSF portfolio is too new. Total 8 open positions, nothing stopped out since portfolio started in early June.
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