My posting on September 8th explaining how clever I was going to be in the face of MRO seeming to be on a roll, came to nothing.

Having written the post I then went to the IG site to implement it all, but my Internet connection was down – one of the lesser pleasures of working from a cave in France!

No matter I thought, I’ll make the changes just before the market opens in the morning, but France Télécom wasn’t cooperating and I was unable to make the changes and the limit sell price triggered and yielded a nice £100.70 profit. A profit is a profit as they say, but looking at the price today I think that it would have been good to be able to make the changes I wanted and ride the winner a bit.

I’ve placed two more optimistic “buy” orders: for Admiral (ADM) and the City of London Investment Group (CLIG), both of these orders were inspired by seeing that they both have imminent XD dates for significant dividend payouts (3.92% and 4.89% yields respectively). I used the Investors’ Chronicle Dividend Calendar for the dividend dates – a very useful site.

(http://www.investorschronicle.co.uk/2011/09/16/shares/dividend-calendar-MopmluCJTccTZ1wKuzhfIO/article.html)

The plot will be, if the position triggers to take the dividend and close if the SP doesn’t fall more than the dividend value. If it does fall I’ll keep the position open a while as both stocks look promising anyway.

 

Current Profit: £160.38