Blogs I follow

Friday, September 04, 2015

Since last sale, I have done 3 buys and 2 sells.
I now own a company that I will reveal later.

At the end of August'2015, my portfolio was up 6% from Dec,31,2014.
Not bad, but missed the going up of Corticeira Amorim, the company I was trading.

Corticeira Amorim is now, in my opinion, above fair value so I give up trading it.

See you soon!

Thursday, July 09, 2015

Corticeira Amorim - sell

Considering the turmoil the markets have seen these days, I sold my shares and hope to buy them at a little lower price.

This sale was made at 4.135€ representing 1.0% profit, after commissions and fees.

Not bad, in a one month! See you soon!

Wednesday, June 17, 2015

Corticeira Amorim - A new buy

Since this is a rather iliquid stock, I didn't mentioned the buy earlier.
A few days ago, I bought again at 4.095€.

Unfortunately, the stock price is under that since that day. Today, it closed at 3.90€.
Not worried, since it is a great company

At my price it has a PER of 13.8 and profits are climbing >10% YOY the last few years.

I'm ok being a shareholder, and wait for the upside I hope for this stock.

Tuesday, April 14, 2015

Corticeira Amorim - no upside potencial

I've been watching this stock for a while and made some trading.

From the begining of 2015, the stock went from €3.00 to €4.20 (this moment price), or, a 40% gain. It was a rather impressive climb, but I think this it is now ended.

In the period, I made 5 trades making a profit of 20%. Not much, but then, I am a rather conservative investor.

In my opinion, this is a stock to sell now, for those who own it, or to wait for some dip in price to buy again.

My price target has been attained: €4.20! I predict it will have a 14 PER and a 1.70 P/B this year. As it is a very small free-float company and in a business that is not growing much near times, I think risk is now too much to buy this stock.

Although, the 3.3% yield can be a reason to maitain it, for those who have some shares.

I will continue to follow it, but with no more trading in the next days/weeks.

Monday, March 23, 2015

Today, buy&sell - Corticeira Amorim

This stock continues to offer some intraday trades.
They happen in a quite random manner but, till now, the results are good.

Today, I bought some shares at €3.83 and sold them, just a couple of hours later, at €3.97. These prices include transaction comission, but not taxes. It was a profit of 3.7% trade. Nice!

See you soon!

Wednesday, March 04, 2015

Corticeira Amorim - a little dip

This stock continues to have great variations day-by-day.
After reaching 3.84€, pulled back and I bought some at €3.67. Hope to get some profit very soon, from this buy.

Take care!

Monday, March 02, 2015

Corticeira Amorim - buy and sell

This company has inceased profit in 2014 and dividends for 2015 to 0.14€ from 0.12€.
It is really a great company, and I will continue to do this game.

Bought last friday at 3.72€ and sold it today at 3.81€.
Profit: 2.4%

Take care!

Sunday, February 15, 2015

Corticeira Amorim - buy and sell

I'm not pretty sure this will work in the long run, but for now it's being very educational and funny too.

I bought this stock back in feb,10, @3.33 and sold it in feb,12 @3.37 (after fees and comissions).
This gave me a 1.2% profit and now I'm on buyer side again.

Has I wrote, it is a very-low-free-float-and-traded-stock of the portuguese market, but a great company that has been very well managed.

Do you have any strategy of this kind?

Friday, January 30, 2015

Off topic - Writing LaTeX in your blog

Just went to this link and learned how to write LaTeX code in a post. Watch this:\[ ax^2+bx+c=0\Leftrightarrow x=\frac{-b\pm\sqrt{b^2-4ac}}{2a}\]

Wednesday, January 14, 2015

Picking the right stocks is important

Today I came across this study and it has some data that confirm what the stock market is for informed traders/investors and for most people who doesn't understand the market and run away from them.

Stock picking

The way I look at the market, is obvious that we must choose profitable companies to invest in.

This is not for all investors, but for me it is how it works. I don't want to own a company that doesn't make a profit at the end of the year.

The study I mentioned above analise the Russel 3000 between 1983 and 2006 shows that, in this period:

  • 2 out of 5 stocks were unprofitable investments;
  • 1 out of 5 stocks lost at least 75% of their value
  • 2 out of 3 stocks underperformed the Russell 3000
  • 1 out of 4 stocks were responsible for all of the market’s gains
This means we have to look at a portfolio and see if our stocks are profitable, with increasing earnings and with good margins. If we do this, I believe we can profit from the market, and grow our wealth in the future.

Tuesday, January 13, 2015

Corticeira Amorim - sell

Yesterday I sold my shares of this company.
I had very luck, since my sell order ended the day before and, when I saw it, the price was more than 5% up my price target. So I sold and this trade turn out to give me a litlle more than 10%, including dividends.
Now I will wait for some retraction in price and buy more, in a few days I hope. :)