One buy and one sell to report this week;

TEP was sold for a small profit to provide funds for today’s purchase of APR energy. APR dropped back nearly 20% following an announcement that this years financial results will be delayed for approximately a month and released on April the 16th. – The statement released suggests that results are fully in line with expectations for 2011 and that the delay is purely due to complexities in reporting.  I am inclined to believe them and I don’t think the new of the delay warranted such a big fall in SP. There are no real advantages to them delaying a bad statement…

 

Good luck all