The rally continues as we're in the middle of holiday season and despite a modest lead the market is up another 1.2% at 1.30 pm. The long period of potential topping out through November and December is finally over as the US has pushed through to new highs recently and most markets look set to follow. We're following harder than most as we compensate for some underperformance.
There are a couple of buying opportunities around and I've bought a half position so far in Mirvac Group at 153 which is 15,000 shares. I'll wait till later to buy the rest. This is bullish continuation after a pullback. I expect to see this break 160 and the conservative target is about 165.
3.03 pm I've decided to sell out of Csr completely as I'm not greatly committed to the position now. Sold the last 14,000 at 178.5 (v 172). Profit of $910 on the last 14k which gives a total of 1680 less costs of 31.
4.14 pm An odd day has finished with a good gain of 54 points. I completed the Mgr buying on the match at 156 for a total of 30,000 long at 154.5.
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