A buy and will decide between this and Covered Call on BWNG, see below.
If Called returns 50% over 50 days, 361% annual return.
Share CTIC
Price 3.68
Call .cucea 0.35 20 May
Initial Size 10
Stop Set at 2.5 reduces risk to 830
Does this look to good to be true? Well it relies on a large gain by CTIC, but advisors reckon it could run up in lead up to meeting.
Wednesday, March 30, 2005
Update on BWNG Covered Call
http://dogbowlfunds.blogspot.com/2005/03/bwng-covered-call.html
Position currently is neutral zone down 140. Believe this to be close to bottom in short term market, thus expect this position to show clean heals soon
Currently a buy and will decide between this and Covered Call on CTIC, see above.
If Called returns 36% (up 4) over 139 days, 93% (up 19) annual return.
Share BWNG 4.23
Call .QBGHA 0.55 19-Aug
Inital Size 10
Profit potential 1,320
Maximum Portfolio Risk 1%
Stop Set at 3 reduces risk to 680 or .20% portfolio risk
Old Comment Position Sizing If moves positive re-examine and look to buy 10 more. Maximum allowed 3000 shares.
New Comment This is even more attractive now, lower risk higher profit over less time.
Position currently is neutral zone down 140. Believe this to be close to bottom in short term market, thus expect this position to show clean heals soon
Currently a buy and will decide between this and Covered Call on CTIC, see above.
If Called returns 36% (up 4) over 139 days, 93% (up 19) annual return.
Share BWNG 4.23
Call .QBGHA 0.55 19-Aug
Inital Size 10
Profit potential 1,320
Maximum Portfolio Risk 1%
Stop Set at 3 reduces risk to 680 or .20% portfolio risk
Old Comment Position Sizing If moves positive re-examine and look to buy 10 more. Maximum allowed 3000 shares.
New Comment This is even more attractive now, lower risk higher profit over less time.
Monday, March 28, 2005
Still Heading Down
Back on March 16 with ASX200 on 4217 I said it was going lower and both the trust and super fund have held off buying Australian equities.
Check out today 29 March
Represents a 3% decline in under two weeks.
ASX200 has now passed through its 50 day MA, which was at 4155.
This is the first breach of 50 day in eight months.
Check out today 29 March
| S&P ASX 200 | ^AXJO | 4:07pm | 4,095.600 | -40.900 | -0.99% |
ASX200 has now passed through its 50 day MA, which was at 4155.
This is the first breach of 50 day in eight months.
Wednesday, March 16, 2005
Australian Market Place .AX
As you can check in this link Australian All Ords Australian shares are in a firm and mature uptrend. The 50 day MA has been above 200 day for about 18 months now and the index has rallied out 40%, with dividends it would have returned close to 50% over that time.
Sometime this year the 50 day will drop below the 200 with the market dropping.
With the 200 day at 3800 and 50 day at 4130 and both rising to the market at 4217 the cross back should be at the 3900 area with a pull back below that. The size of the pull back will depend on Australian and global market conditions, it will either be a consolidation or a correction.
Therefore, why invest now? Unless you think you can out fox the market or have a fund so good that over time any entry point will be a significant winner.
Sometime this year the 50 day will drop below the 200 with the market dropping.
With the 200 day at 3800 and 50 day at 4130 and both rising to the market at 4217 the cross back should be at the 3900 area with a pull back below that. The size of the pull back will depend on Australian and global market conditions, it will either be a consolidation or a correction.
Therefore, why invest now? Unless you think you can out fox the market or have a fund so good that over time any entry point will be a significant winner.
BWNG Covered Call
If Called returns 32% over 155 days, 74% annual return.
Downside breakeven at 3.8 requires 35% share price drop.
Michael Murphy very positive on BWNG, may even buy call if can get for less than current 1.35.
Share BWNG 5.15
Call .QBGHA 1.35 19-Aug
Inital Size 10
Profit potential 1,200
Return 31.58%
Outlay 3,800
No. Days 155
Annual Return 74.30%
Maximum Portfolio Risk 1%
Stop Set at 3 reduces risk to 800 or .22% portfolio risk
Position Sizing If moves positve re-examine and look to buy 10 more. Maximum allowed 3000 shares.
Downside breakeven at 3.8 requires 35% share price drop.
Michael Murphy very positive on BWNG, may even buy call if can get for less than current 1.35.
Share BWNG 5.15
Call .QBGHA 1.35 19-Aug
Inital Size 10
Profit potential 1,200
Return 31.58%
Outlay 3,800
No. Days 155
Annual Return 74.30%
Maximum Portfolio Risk 1%
Stop Set at 3 reduces risk to 800 or .22% portfolio risk
Position Sizing If moves positve re-examine and look to buy 10 more. Maximum allowed 3000 shares.
Monday, March 14, 2005
Investment Strategy
Here at Dog Bowl Funds our investment strategy is simple, make our money grow safely by trying to be in the right place at the right time and more importantly avoiding both being in the wrong place at the wrong time and the right place at the wrong time.
Australian and internation shares, managed funds and high earning cash accounts will be utilised.
Today we are 100% cash while formulating our strategy for a peaking stock market. Cash earns 5.25 which they say after 15% super tax is 4.46, but I know we will get a 100% franked dividend before the end of the tax year, which will offset tax on interest.
Cash is King today, with small puts and Opis Funds on the menu.
Australian and internation shares, managed funds and high earning cash accounts will be utilised.
Today we are 100% cash while formulating our strategy for a peaking stock market. Cash earns 5.25 which they say after 15% super tax is 4.46, but I know we will get a 100% franked dividend before the end of the tax year, which will offset tax on interest.
Cash is King today, with small puts and Opis Funds on the menu.
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