I'm spending time down the coast next week so the plan is to get out of my positions by the close of trade tomorrow. Not ideal necessarily, as the rhythm of the individual stocks is not going to match my holiday timetable but there you go. I'll enjoy myself more with no positions on.
I sold out the 6000 remaining Fortescue, slightly too early, this morning at 529 (v 440) for a further 5340 profit giving a total of 8750 less 31 costs. A really nice trade, with a roughly 17% return on a 50k investment held for 4 trading days.
I've still got Lihir, Mirvac and Stockland left. Gold was stronger again last night, rising USD 20, although continued AUD strength mutes the gains for us. Anyway, Lihir is up 5 at 345 (at 12.47 pm).
4.11 I sold out another 5000 Lgl at 344 (v 318) for a 1300 gain. Also sold out 10k more Mgr at 163 (v 154.5) for 850 profit. The market drifted lower all day, closing down 22 points.
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