Another good couple of weeks. The Portfolio is running a 65% profit in just over four months. If only I could sustain this kind of growth for three years and I would be a millionaire. – Always good to aim high.

Only a small number of trades to report this week, none of which too successful. I sold Supergroup (SGP) at 1220p for a profit of £160 following their RNS which looked quite positive. I got spooked by the lack of rise after the news and sold out too early. The price then dropped by about 100pts before rising right back up to over 1400p. Note* trust instincts.

With the money released from the sale of SGP I bought into two shares I have been following for some time. First, GKP who have had a lot of press over the last year and have sustained some incredible SP gains. – It’s always difficult jumping at such a late stage but they keep on producing fantastic reports. The recent investor presentation is worth a read and forecasts much more to come.

The remaining £750 was put into a company called Beowulf mining. BEM have shown big gains lately with a fantastic rise in SP over the last 5 months. I bought in at what I thought was a good entry point. – Turns out I was too early as they are now trading at 21p – With no bad news to speak of this looks to be a really good entry point. Currently running a £160 loss here! Ouch. Holding for now as I can see this turning around on the next RNS.

Once again my favourite share Xcite Energy is up again. This is going to be an extremely interesting week. They are due to release flow test results for the 9/3b-6 well on the Bentley field. XEL have been very forthcoming with predictions for future production but it all depends on these flow tests. – This really could be 60 or 600p on results day. Nail biting stuff.

I had hoped to report some good gains with Victoria oil and gas this week but running profit was dented by their recent round of fundraising. VOG has placed 183,708,612 shares at 4.9p. I believe this represent about a 10% dilution. – Currently trading at 5.35p and running a small profit of £110. I believe VOG will continue to rise in the run up to first gas sales from the Logbaba in Cameroon.

BP has fallen back a little this week but look like a small set back. – I would probably top up if I had any more money to hand!

Aside from the portfolio I put on a little Spread bet on Avanti Communications last week. They are launching a new satellite. HYLAS 1 satellite has been fully fuelled and will be integrated with the Ariane 5 launch vehicle tomorrow ahead of the launch on Friday, 26 November. – Very exciting to have a Rocket launch in the diary!

Good luck all,

All trades are reported in the trades section almost every week! – www.dailytrading.co.uk/trades

Doug