It’s been another V good week, The running value of the portfolio is up over £450 on last week.

A few good and a few no so good trades to report…

Firstly, I was acting a little impulsively when I bought Supergroup (SGP) at 580p, suspecting they were oversold. Mistake! – I realised my mistake when my stop loss was taken out at 545p. They are now trading even lower at around 520p! If we see further drops it may be worth getting back in…

Tesco (TSCO) – I sold out of Tesco today as it looks like recovery is going to take longer than I anticipated. – I expected to see a steady rise after the big drop following the profit drop announcement… It didn’t happen as quickly as I would like and although I expect to see Tesco bounce back I think my money is best placed elsewhere

I have topped up in one of my favourite shares, IP Group. – They keep announcing great news and although they are really just venture capitalist’s, their partnership model with top universities means theat they are funding some very clever minds. – I think it really is just a matter of time before one of there many pies become huge and make me alot of money!

Angel Mining (ANGM) were another buy this week. – I have been here before in 2010 and lost a few quid. – I could see the potential then but just got in way to early last time. This time it’s a little different. They are now producing increasing amounts of gold and the prospects for their other developments look very good. I still consider this as a risky venture as progress is dependent on maintaining support from their investors who have set some quite demanding targets for production…

Highland Gold Mining (HGM) were the other buy of the week. I bought at 160p inc charges and are now showing a small profit. Their largest investor pulled out this week due to a change of strategy and it caused the share price to be knocked back to what I considered to be a great entry point. They are quite efficient with low production costs, cash rich and are producing more and more.

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