Not much time for updates today as I can’t keep my eyes off the Xcite SP! – I am not sure how much longer I can wait. Will these flow test results ever materialise?

Due to lack of time, just some thoughts on my current holdings;

Avanti – Little disappointed with the SP move from Avanti, but in hindsight this should have been expected. With So many “Day traders” in for the launch, the retrace was inevitable. Longer term I still think this is a great share with heaps of potential.

Recent Buy Edenville (EDL) are up 75% – What an amazing result! The African coal and exploration company shares seems unstoppable on Monday only slowed by a company RNS telling investors that they new of no reason for the massive rise. Holding for now as this one could well have much more to come. Stop 110p limit 250p

Beowulf Mining (BEM) – not much going on here. I have to admit that following the November resource update I expected these shares to fly up. I still think there are gains to be had here. – The question is, Am I patient enough to wait for them?

British Petroleum (BP.) – Showing a nice profit of just under £200. I am starting to consider this a safe option once again with much more potential for upward movement than down. With all the Penny shares creeping into the portfolio lately I could probably use a few more BP’s!

Vitec Group (VTC) – have continued their steady rise and I am now running a £500 profit with them. Do charts get much better than this?

Alecto Energy (ALO). Showing a 4% rise on buy in price. This one may be a bit of a waiting game, but with 14278 shares for £500, not too much in the way of tied up funds and with big potential gains this one is well worth holding on to.

Premier Oil (PMO). Have smashed my original target price of 1750 and have continued to rise. Now showing a nice profit of £250. Perhaps a good candidate for some profit taking?

Berkeley Minerals (BMR). Now showing an 11% gain. With rumours that the Kawbe deal will complete before Christmas I can only see this continuing to rise.

Xcite Energy (XEL) still waiting on flow tests. Weather in the North Sea has been holding things up. Investors have been amusing themselves by tracking the movement of the oil tanker Betty… I think the captain must have got wind of this as she has been doing circles in the North Sea! – I have allot riding on this share… we should hear something soon! – Good luck all.

BTW, Thanks to those who have emailed me with tips and news – Happy to read any more you have. Feel free to use the comment system or just email me at “websitemail AT dailytrading.co.uk”

More updates next week.