Edgy markets despite US Government shutdown ending. Adjusted a few, scaled in a few, added some new and an old friend. Made one sale.
Portfolio News
In a week where S&P 500 rose 0.14% and Europe rose 1.35%, my pension portfolio dropped 0.22%. Personal portfolio did go up on the back of much stronger weighting to commodity stocks. Biggest drag was NuScale Power (SMR) down 26% with a few more North American uranium stocks.
Big movers of the week were Sagalio Energy (SAN.AX) (166.7%), Elevra Lithium (ELV.AX) (35.2%), Pilbara Minerals (PLS.AX) (30.4%), St George Mining (SGQ.AX) (25%), Haranga Resources (HAR.AX) (22.2%), American West Metals (AW1.AX) (22%), West Coast Silver (WCE.AX) (21.4%), Mineral Resources (MIN.AX) (19.2%), TechGen Metals (TG1.AX) (17.9%), Sun Silver (SS1.AX) (16.8%), Advance Metals (AVM.AX) (16.7%), Domino's Pizza Enterprises (DMP.AX) (15.4%), Sigma Lithium Corporation (SGML) (13.9%), RocketBoots (ROC.AX) (13.6%), Stroud Resources (SDR.V) (13.6%), Broken Hill Mines (BHM.AX) (13.1%), New Frontier Minerals (NFM.AX) (13%), Atha Energy Corp (SASK.V) (12.5%), AXP Energy (AXP.AX) (12.5%), Cauldron Energy (CXU.AX) (11.8%), Titan Minerals (TTM.AX) (10.9%), Pan American Silver Corp (PAAS) (10.6%), Vulcan Energy Resources (VUL.AX) (10.1%), Dateline Resources (DTR.AX) (10%), Genmin (GEN.AX) (10%)
25 stocks in the big movers list is a little happier than the week before. Top stock in the list is something of an anomaly (Kazakh oil) which resulted in a suspension - since relisted. The last quarterly activities report was solid. The big themes standing out - from the top - alternate energy materials (lots of lithium) (5 stocks), rare earths (4 stocks), gold/silver mining (9 stocks), uranium (2 stocks)
US markets were in a jittery mood. One would think ending the Government shutdown would jazz things up again. Two forces pushing the nervous button - fear of the Federal Reserve slowing down rate cuts and upcoming Nvidia (NVDA) earnings and a softening of the AI Bubble.
Crypto Stumbles
Bitcoin price tried to push above the resistance level and then fell over and could not hold the next support down. Price finishing the week 10.5% lower than the open with a peak to trough range of 13.6%.
Ethereum price pushed sidewaus fror a while and then fell over finishing the week 11.8% lower than the open with a peak to trough range of 17.4%.
Not even going to trawl through the other coins - all going down. When the fear hits there is no place to hide
One I am interested in is Uniswap (UNIBTC) - there is a sell order in and price was reaching up there
Nuclear Energy Holdings
3 additions across 3 portfolios and small 0.4% improvement in valuations mostly to do with uranium rising better than the portfolios which mostly fell.
A few changes in the mix of holdings with Cameco Corporation (CCJ) moving up 4 places into slot 1 pushing the stocks below down in the same relative slots. Percentage of portfolios rises 1.2 points to 28.6%
A few changes in holdings by stage - biggest change is 1.1 point increase in Producing with the addition there and 0.5 point increase in near producing with the add here and value changes.
Alternate Energy Holdings
No changes in holdings but a 4.3% drop in valuations. That did surprise me given how many lithium stocks were in the big movers list.
Changes in the mix of holdings gives some clues Westwater Resources drops 2.5 points in slot 3, Largo drops two places and 1 point to slot 7Moving up were Vulcan Resources (VUL.AX)2 places into slot 5 and Pilbara Minerals (PLS.AX) up a place into slot 9. Share of portfolios drops 2 points to 6.4%
Bought
Myriad Uranium Corp (M.CN): Uranium. Deployed spare cash in small managed portfolio - with the share purchase plan price has been smashed down - good time to add.
Duolingo (DUOL): Internet Services. Price was smashed despite solid earnings with strong revenue growth. Market seems to think AI will kill language learning - it will for online stuff but not for speaking to strangers in the street on your holidays. Added a small parcel in personal portfolio - my sone shared his thoughts some weeks ago - he likes the recovery potential
Chart suggests the drop of two thirds in price is overdone
NuScale Power Corporation (SMR): Nuclear Technology. Next step of adjustments with price opening at $32.06 put in place a January expiry 35/42 bull call spread to match the sold put (34) set up in the last adjustment. This brings the cumulative breakeven to $27.22 - looking good so far.
GoviEx Uranium (GXU.V): Uranium. Price was smashed as market grasped the realities of the new takeover - reverse takeover by an Iranian iron ore company - Tombador Iron listed on the ASX. The business is now cashed up - feels like a good way to add to a greenfield African uranium deposit
AXP Energy was Fremont Petroleum was AKK (AXP.AX): US Oil. Drill results for latest Oklahoma well looking good. Scaled into holding in personal portfolio - looking for a breakeven exit. This started in this investing journey as a Colorado gas explorer.
BPM Minerals (BPM.AX): Gold/Base Metals. Company has 3 projects in Western Australia - gold, copper-gold, gold-nickel. Bought a small parcel in personal portfolio. Next Investors idea
Ingenia Communities Group (INA.AX): Australian Property. Dividend Yield 2.70%. Have previously owned this as we had a property on one of their sites - they since sold our site and a few of the other Over 55 Lifestyle Villages - better margins in holiday caravan parks and development of new lifestyle villages. Price looks a bit smashed up. Added a small parcel in personal portfolio.
Taking a step back two years shows price has been on a rising trend - this entry point looks like catching a falling knife. Will look to scale in when the drop is arrested. As a shareholder we do get discounted holidays.
Sarytogan Graphite (SGA.AX): Graphite. Announced funding deal with Kazakhstan development bank - high grade graphite intercepts too - scale in in personal portfolio.
Cameco Corporation (CCJ): Uranium. Assigned on sold put at expiry in managed portfolio. The day before price was above the sold strike (92). Breakeven $82.68 vs $84.76 close (Nov 14) after 5 cycles of sold puts and one credit spread.
Sold
Heavy Minerals (HVY.AX): Rare Earths. Partial fill taking out initial capital in personal portfolio for 86% profit since July 2023. Remainder of the fill booked at 145% blended profit since July 2023. Cost base is now considerably lower than it was. Next Investors idea. They were not selling - now time to let the profits run.
ASX Portfolio
The segment reports trading in ASX fractional share portfolio. Trade entries are made based on stock screens looking for undervalued stocks (price to book, price earnings, price to sales) that are showing technical signs of breaking a downtrend. Exits are made at 35% profit or 25% if 52 week high is lower than 35% advance. New buys are in $500 lots. Scale ins and top ups in $250 lots
Top Ups
New Hope Corporation (NHC.AX): Coal Mining. Dividend Yield 6.90%.
Charts shows a chop sideways for 6 months after the first entry and unwillingness to make the sustained move higher. There has been one cycle higher since the reversal - put a copy of the blue arrow price scenario on the latest reversal - maybe this time. The unnerving thing is the wide range on the broker targets - thinking there are a few climate change people among them and ignoring coal exports to China and Japan and India.
Beach Petroleum (BPT.AX): Oil. Dividend Yield 5.10%.
Chart shows a strong support level that price has respected 4 times in 18 months. Price is going to need to do a little more than reach the early 2025 high to get a profitable exit overall with the two entries made in the earlier run up. Might be looking for a breakeven exit around the 52 week highs.
Orora Ltd (ORA.AX): Packaging. Dividend Yield 4.10%.
While this trade entry was higher than the previous entry, the trade does reduce average cost - breakeven shown as the green ray. 25% profit is around the 52 week high which came after the company sold the North American packaging arm. Chart suggests the management team have not been able to drive the remaining parts well enough. Last broker target is just below that breakeven level - that looks like the place to exit
Income Trades
Covered Calls
Two covered calls written across two portfolios - both US,
Naked Puts
Sold puts happy to own at lower prices
- Commerzbank AG (CBK.DE): German Bank. Return 1.42% Coverage 2.5% - two weeks only
- Sprott Uranium Miners ETF (URNM): Uranium. Return 0.8% Coverage 13% - one week only
- Cronos Group Inc. (CRON): Marijuana, Return 2.5% Coverage 72.5% - one week only
- Sigma Lithium Corporation (SGML): Lithium. Return 10% Coverage 21.2%
- Largo Inc. (LGO): Alternate Energy. Return 10.1% Coverage -5.3% - one week only - makes for a 5% discount on assignment
Sold puts on stocks that might get assigned on covered calls
- Halliburton Company (HAL): Oil Services. Return 1.36% Coverage 11.1% - two portfolios
- Lloyds Banking Group plc (LLOY.L): UK Bank. Return 2.6% Coverage 4%
- Star Bulk Carriers Corp. (SBLK): Shipping. Return 0.8% Coverage 5.1% - one week only
- iShares MSCI Brazil ETF (EWZ): Brazil Index. Return 2.5% Coverage 3.3%
Credit Spreads
Exercise risk is getting s bit high across the portfolios but is within margins. Biggest unknown is Honeywell International (HON) - need to check how the multiplier changes with the spinning off of Solstice Advanced Materials, Inc. (SOLS). Looks like the options contracts I am holding will be valued as HON price plus 0.25 SOLS price at expiry. Looks like I need to kick this one down the road.
Resources
Cautions: This is not financial advice. You need to consider your own financial position and take your own advice before you follow any of my ideas
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Gate.io offers a solid range of coins many of which have been delisted elsewhere. Have chosen to share the commission rebates. 40% is the rate - split 30% for me and you get to keep 10% for any people you invite. https://mclnks.com/gateio
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November 10-14, 2025