17th August
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.
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