Asciano

I made a few trades this morning. This includes sold Bluescope (BSL.AX) and bought Asciano (AIO.AX). I am not sure if selling BSL is the best idea, but it has already hit my trailing stop, so I better sell it without ifs or buts. It would be nicer to sell BSL four days ago when the price was a lot higher, but at $2.48 I still made a small profit.

Asciano has just emerged from trading halt this morning, down approximately 30% on the back of capital raising. Will see if it's a good idea to buy now in a couple of months. I just read an article from The Australian this morning. It was actually dated yesterday, http://www.theaustralian.news.com.au/story/0,25197,25641593-5013408,00.html.

The article mentioned that if retail investors are not buying up deeply discounted deals for well run assets like asciano, then they should hand over their money to someone else to manage.

Asciano is a rail and port company, and it's stock was priced at $10.65 a share when spun off from Toll two years ago, and it is now raising nearly twice its existing market capitalisation at a deeply discounted price of $1.10 a share.I am in at $1.29

Deep Yellow Limited (DYL.AX)

I am currently sitting on 344% profit on DYL. By far, it is one of the most profitable investments in my short investing career. I made a mistake a while ago for selling 25% of my holding, but then, I make mistake loads of times, so big deal (as long as I don't repeat it again, which I am trying hard to!)

I am still not sure what happened out there, but I bet they have a big gigantic of resource in the ground (Namibia). Dr Pretorius has been stationed there for some reason. Wondering if it will be a Paladin in the future. Untill then, I'll hold.

What to do?

The last couple of weeks saw my holding increased by at least 11%. Sweet (unrealised) profit. Especially when you spent those days holidaying with your family. Back from holidays, I have been thinking what to do with them. So far I haven't done anything, but my fingers are close to the sell trigger. It could be a long continuous rally, but what if it's not?

I have three share trading accounts from different brokers, so at this moment, I decided to use one of them as my short term trading account and use the other two as my long-term hold. We'll see how it goes.