I know it’s been a couple of weeks since the last update but last week there was actually very little to report. The portfolio was rising slowly and I was still kicking myself for not selling Petro Matad for £500 profit.

This week was a different story. Time to make some trades.

Last week I sold my recent purchase “Micro focus international”. A few weeks ago it took a massive 50% dive after an RNS reported a small drop in profits. It was completely oversold so I bought in at 280p. They flew up to 360p and I sold out for a £200 profit. I suspect I got out too early but who cares (24% gain in 3 weeks!)

Yesterday I had the feeling that things were getting a little top heavy so I decided to take profits in Petro Matad and Supergroup in case they fall back again. a £490 profit in MATD and another £100 from Supergroup. All very good news for the website profit figures.

The rest of the portfolio is also looking up with no real losers right now.

BP seems to be back on the up and are currently showing a profit of £100. I expect a steady rise over the next 12 months is all goes to plan. – Just how steady will determin when I get bored of them and get out!

Trifast has come back a bit from a high of nearly 40p 2 weeks ago. Should have sold then but I didn’t. Now playing the waiting game in the hope it will return to those levels again. On paper it looks V good.

Premier oil (PMO) was another good buy. Currently up 8 percent on buy price. I could sell for an £80 profit but I think there is more to be had here. Rumours are still circulating about potential take overs.

Yamana gold havent moved much this week but all the signs are good for this company. Last month a 33% rise in dividends were reported. This were bought after two fairly serious director buy in’s last month. Holding for now awaiting further news. – Ex Div date is 28th sept.

This week I also bought back into an old favourite of mine. Centamin has been a fantastic share for me in the past and I am confident they will deliver again. Earlier this week there share price dropped back over 10% following a downward revision to it’s 2010 production guidance. The production forecast has dropped form 200K ounces to 160-170k. The report suggests that this should be a short reduction to output. I still believe that CEY has a good future and I hope this minor set back has provided a nice buy in opportunity!

More updates to come.