flyinkiwi10

flyinkiwi10 Updated 

Thanks for viewing. Following because of USD holdings and USD denominated assets - including assets negatively correlated to the USD - like gold. USD held as a hedge against weaker local currency and against gold positions. Whatever your personal belief on Elliot Wave, I am not imagining a very clear 5 waves down (labelled (i) to (v), since the march 2020 high....

flyinkiwi10

Thanks for viewing, Wow, some interesting keywords in their business description; - LEVERAGED buyer of CMBS products (as you know, leverage works both ways. To juice gains or to ensure out-sized losses), - ADJUSTABLE-RATE mortgages (I suppose not so bad - unless interest rates increase which to be fair seems unlikely right now), - office buildings, retail,...

flyinkiwi10

Thanks for viewing, I am just posting this to make tracking the equity easier. If you ignore the massive 1 month spike in price and volume (10x volume) that would otherwise invalidate my EW count, the main downward price trend seems to be over. If I average in, I will have to be able to withstand price drops possibly to $3 and keep buying, but after that there is...

flyinkiwi10 Updated 

Hello, thanks for viewing. This is an equity in an industry facing significant challenges and uncertainty. There is likely to be oversupply of vessels until demand picks up again (who knows when that will be). But, there are multiple technical reasons to believe the main correction has completed and that this equity is sufficiently undervalued to be...

flyinkiwi10

Thanks for viewing, Sorry guys, I'm still forming an opinion on this one. There is a nice multi-year base in place. Multiple coincident zones just below the base, but the wave count is a bit hard to work out. I'm just doing this to keep an eye on it.

flyinkiwi10 Updated 

Thanks for viewing, I'm not sure I have the time to include my full reasoning. - June 2020 reported both revenue and EBITDA down 7% yoy, which is certainly less of a decline than a lot of businesses - and way less than the drop in UK GDP overall. - Profitability at end of March 2020 was pretty good, and after reporting an interim dividend of ~4.7% (the interim...

flyinkiwi10 Updated 

Thanks for viewing, This won't be a long one. It won't be full of analysis. My case is just this: These small speculative, under-capitalised, marginally profitable gold miners are now extracting a commodity that has surpassed 2011 highs - and looks assured of heading much higher. So, it seems safe to conclude that these exploration and mining companies look set...

flyinkiwi10

Thanks for viewing, I have only looked at the chart and a few details. I was just drawn to undervalued UK stocks after reading that Goldman Sachs views the GBP as undervalued (it is at 35 year lows vs the USD). Also, all the doom and gloom about Brexit will have caused shares to head lower than may be justified. To get the best value, I often hear you need to...

flyinkiwi10

Thanks for viewing, I just did a short-term DXY chart (3-6 months out) which was rather long. So please forgive me if I just drop this, instead of discussing all the fundamental and technical reasons - which I have dealt with before. If you have followed politics / financial news in the last year you will know that the USD is being intentionally devalued. I...

flyinkiwi10

Thanks for viewing. This will just be a short one. My reasons for bearishness are: - bearish RSI divergence (higher price high shown as a lower high on the RSI - at a minimum indicates reduced momentum but normally precedes changes in price direction), - MACD histogram is trending downward quite steeply, - MACD moving averages look like they are starting to head...

flyinkiwi10 Updated 

Thanks for viewing, I am not sure if this is of wide appeal. NZME is a media Company that caught my attention last year due to the share price declines having appeared to have out-paced any revenue declines in an industry in a global slow down-trend. I was eyeing the equity at the 0.40 level at the start of the year but felt there was still another leg down -...

flyinkiwi10

Thanks for viewing, Been a while without posting about crypto. I'm just watching ETH for a re-entry point. I was actually thinking to re-enter today but will be watching for a while. The wave labelled (A) I believe is quite clear, meets all EW impulse wave rules and guidelines, I'm a little less sure about the three week correction since 5th of Sept. There may...

flyinkiwi10 Updated 

Thanks for viewing, Short-term short view (not shorting), then long again. I can't see a very good reason for a gold correction other than; - Everything needs to correct - it's never a straight-line move, - It is possible that big banks (possibly even the Custodians for major gold ETFs) are being forced to sell-off reserve assets to cover losses or to put aside...

flyinkiwi10

Thanks for viewing and sorry all those Aviation types who are hurting. Just a short one, Demand is deeply impacted, and there are yet to be any signs of a pick-up as yet. Stocks don't often lose 69% in 60 days and then just turn around and head for new all-time highs. Especially, when two studies came out last week showing how the virus - that shall not be...

flyinkiwi10 Updated 

Hello, Thanks for viewing. Really nice to see the encouragement and feedback from my last post about the gold/silver ratio. This is to share another of my recently entered, but shortly to grow significantly in size, positions. Boring old Commodities. If you look at a long-term chart, commodities have been on a largely downward slide for over 29 years. I just...

flyinkiwi10

Thanks for viewing. I'm trying not to think about closing a short trade entered earlier today before the DJI reaches the 1.618 extension (blue box). Which will at east help in my attempts to unwind a losing short trade from earlier in the year that is still open. Man, things are moving fast today. Also (unrelated), I wonder what will happen if regulators...

flyinkiwi10 Updated 

Thanks for viewing, Initially posted in 2019. I was a buyer of silver bullion since silver crossed the 80 mark. That included adding significantly to the holdings during the steep drop earlier in the year. It hasn't always been a comfortable trade, but it has worked out rather well to date. What I expect next is, despite continuing tail-winds for bullion, the...

flyinkiwi10

Hello, thanks for viewing. I was going to post this last week, but thought no one probably cares. I put a lot of time into these, now I can't see how many people have viewed, and I get little feedback. Anyway, spent the day reading story headlines like "Asian shares bounce on strong US open". Totally out of sync with what is happening here in Indonesia. In a few...