Arrowing higher. Tue Jan 5

It turns out that I was overly cautious in Arrow Energy as it has accelerated today to be up 20 at 445 at 12.20 pm. The stock is clearly not finished on its run but having stuffed up slightly I decided to get out and wait for a pullback to get on again. Sold the last 6000 shares at an average of 441.33. Profit on this last 6000 was 2090 for a total on the deal of 3160 less 32 costs.

I've got a trade for the day in Stockland Group. It broke out of a range this morning and I thought it might drift back but so far it hasn't. I've bought 6000 at 407 and I'd like to buy the other half towards the close. I'm long another stock in this sector, Mgr, and it is up 5% so there's some general strength. Here's the daily. It looks as if there's a completed correction. The key resistance will be the top of the range just below 420.

4.14 The market has just drifted sideways all day to close up 48 points or 1%. I bought the last 6000 Sgp on the close at 411 to average 409. I also sold out 5000 of the Mgr at 165 (v 154.5) for a part profit of 525.

Featured stocks are still all longs in Fmg, Lgl, Mgr and Sgp.