Archive for June, 2010
Starting with 10k – Let’s see what we can do.
0Hello everyone, or anyone who may may stumble onto my trading diary! This is where I will be keeping a record of my trades. This is my first official trading update on my new website so it’s all very exciting for me and my reader. I initially funded my trading account with 10k at the beginning of June. After a few days research I decided on some initial investments. First purchase was Centamin. CEY are a company that i have been following for a while. They have been performing very well over the last 12 months and I anticipated good news from the June statement. Sure enough the statement was good and price went up from 155 – 162. Prices do tend to drop back slightly after these updates so I sold immediately on new to bank £100 profit. – My first realised profit!
Next, Fenner. I liked the look of Fenner. They looked like a strong company and have shown excellent sustained growth over the last 12 months. Bought at 190 and sold 1 month later at 216. Looks like I should have held these long now(236). But a profit is a profit.
Rangold resources were another that I should have held longer. I am still keen on this one for the long hold and I may invest again should a good buy in opportunity come along.
Supergroup! What an awesome performer. Bought these at 660p and within 6 weeks the share price is now over a tenner. Amazing performer. Supergroup holding own a number a very “in” fashion labels such as Superdry, 77Breed and surf co California. All are performing really well and a super report boosting the share price right up! I sold out at 850p but managed a 20% profit from only a months investment. I am now looking for another buy in opportunity with this one, they have more to give.
Petro Matad has proven to be my best share so far returning a massive 41% profit! Share price went from 96 to 139. I did think it might carry on and was caught out slightly by my trailing stop loss. Sold at 133 for over £300 profit. I also managed to buy back in again on the low of 126p the following day. Good stuff.
Misys were bought and sold again quickly, they dropped in price on a really good day for the market. Not sure why so sold for a small loss.
Mulberry are another clothing brand that are looking very strong. Currently hold a small profit for them but they are a keeper for now as I feel they have further to go. – Also considering Burberry who seem to be performing right now.
Latest purchases include Trifast (TRI) and Cranswick. Trifast are interesting. This none seems to have gone under the radar somewhat. Three substantial director buy In’s over the last week. With results out next week I have a feeling they may report some improvement.
Cranswick are another very strong performer that don’t seem to have been knocked back by the recent uncertainty. I was looking for something fairly low risk and with their recent excellent trading statement released mid July, and with various new projects on the horizon they look like they will continue their steady growth.
More next week,
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