Archive for August, 2010

25th August – Good week, Bad week.

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14 years
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As my regular reader may have noticed profits are currently showing down this week. This is due to me clearing out a few losers. This week I decided to sell off Cranswick and Essar who were going nowhere. Essar was quite a big loss of £168 and Cranswick £50. Thats the bad news over.

Good news is that the value of my portfolio is up. currently have a running profit over £1400. This is mainly due to Petro Matad showing a profit of over £300 this week alone. I may sell out this week if it shows signs of weakening. But holding for now.

Trifast is another that is still performing well. Now at 38p and running a small profit.

Funds from the sales of Essar and Cranswick went back into Supergroup. The peaked up to 1100p last week and I was regretting getting out at 1020p. This was my chance! – Target 1100p Stop 960p

BP – showing a loss right now but I am holding tight!

more updates next week.

17th August

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14 years
by

Not a huge amount of trading activity over the last couple of weeks… The total profit figure for the website has risen to £1200! – Not too bad for only 2 months trading with only 10k invested.

Last week I sold Mulberry Group at just under 340p. Fantastic profit of £218 in 3 weeks. Mulberry still look strong and are moving around the 320 -340 range. I may consider getting back in if the price is right.

With the proceeds from the Mulberry sale I bought into a company called Premier oil. Their share price has risen substantially over year and they keep producing fantastic reports. There interim results are out on the 26th of august and good news is expected. Target price 1750 stop 1400.

Last week I bought into a company call TRI (Trifast). I noticed a few director buys so thought I would check them out. I chanced a small buy in at 32.5p – now at 37p. Looking to sell at 40p.

I was starting to wonder if SGP (Supergroup would actually bounce back this time and was happy to see a strong climb to back over the £10 mark today. It looked to be stumbling at 1020 so I decided to get out before the likely retrace… Nice £50 profit.

Today’s buys were Yamana gold and Micro focus international. Both quite high risk but with the potential for some pretty good gains. Micro focus took a massive dive a couple of days ago following news that 1Q results were below managers expectations. – This is obviously not good news but they are still predicting growth next year and the reaction was too much. I think this share will recover some of it’s losses over the coming month. Target of 330p. Update – Some big director and investor buy ins today to support this theory.

6th August – Markets.

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14 years
by

Things are very uncertain right now and the market seems fairly reluctant to go either way. FTSE is up 100 pts since last week. Just a 1% gain on the portfolio this week but it’s going up and down. Another week that I wished I was into the financials! Banks mostly showing very good gains this week with the exception of BARC who were down 30p yesterday, – announced profits were obviously not in line with the markets expectations.

BP. have continued there gains and now showing a £200 profit. Still planning on selling at 460p. This now seems achievable after the recent comment from Barrack about most of the oil having now been dispersed! and of course BP. announcing they have blocked the leak permanently.

Some recent purchases, Cranswick and Mulberry both showing healthy profits and up 5%. More to go here so holding for now.

Petro Matad doing very well showing another 10% rise. Missed a good sell opportunity early in the week when they hit 160p again. (now sitting at 135p)

Essar energy is not showing any signs of moving yet but I still have hope…

Gem Diamonds just not moving.

No trades this week which is very unusual! – check back next week for more updates.

– update. Just sold GEMD for £50 loss and bought PZ Cussons.

PZ Cussons have been performing very well over the last few months. After a recent small drop they look to be resuming their rise.

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