6th August – Markets.
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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