dailytrading

Its been a great start to the year

Coastal Energy is up 18% and showing a 18% profit. – I consider this a good hold for now as there is plenty more potentially good news in the pipeline.

Domino’s Pizza is showing a small £50 profit. (5%). – Hold for now.

IP Group showing a small profit (3%) -Lot’s of potential here, another longer hold. Very interesting share this. – So many links to fantastic companies.

GKP is showing a fantastic profit of 42%! – Need to do more research here. No doubt there is potential for massive gains but as allways – high risk when prices inflated so much on speculation… – Holding for now.

GB Group, breaking even. – Considering a sale here to release funds.

Other than that, I have been considering buying into Supergroup again. – I think they have been oversold. Just a question of choosing the right time to get back in. I may have missed my chance but time will tell

No Buys or sells this week.

It’s nearly 2012 and time to start with a fresh year of trading. This year I am starting with trading account and a pot of £8000 to invest. This years resolution is to keep Dailytrading up to date and to make every effort to post trades on the same day they were made.

As it’s a new year, I have created a new trades table In the same fashion as last year, profits will be posted in green and losses in red.  http://dailytrading.co.uk/trades-2012/

I should also re-iterate that Dailytrading trading is purely a means for me to record my trades and my reasoning. – All opinions expressed here on Dailytrading are purely my opinions and should not be taken as advice!

With that out of the way I can move on to the first trades. For the first few trades of the year I am looking for some quick wins. The criteria were, companies with good future potential that were volatile enough to provide some potential quick gains.

Buys last week:

Coastal energy, GB Group, Yule Catto, Domino’s Pizza, Indigo Vision group and Gulf Keystone Petroleum.

I made a few quick sells last week to realise a little profit. Indigo Vision Group being the biggest gainer. I was tempted to get back in here but the enormous director buys that have been going on over the last week are overshadowed by a power struggle going on within the company. – This one could go either way.

I would quite like to get back into Yule Catto, Expecting a slight retrace so have set a buy order that may or may not trigger! I have another buy order set for IP group.

More to come, – merry Xmas!

DT

I sold PTCM today. – Just too much loss. They may bounce back with a vengeance but I am starting to feel like I have been had. – Time will tell. If your brave and patient there may be money to be made still but I have had enough.

The £1000 from Porta sale went back into old favourite XEL. Bought for 158p. Bit of a risk as Xcite have been so volatile lately. target 180p stop 140p

Current holdings as follows;

AN. (Alternative Networks) – 523 shares
CAD (Cadogan) – 4055 shares
GHT (Gresham Computing) – 2582 shares
HVN (Harvey Nash) – 1931 shares
VOD (Vodaphone) – 673 shares
XEL (Xcite energy) – 623 shares
YULC (Yule Catto) – 642 shares

It’s started.

The first buys of the experiment are as follows…

PTCM (Porta Communications) Bought at 13p.

Last year PTCM was a loss maker for me but now the hype surrounding this company has finally diminished I think there is a real chance that we can make some forward progress. David Wright (CEO) is positive that things are going to plan with the new company. This is a risky share but could provide some good returns at these prices.

YULC (Yule Catto)

Yule Catto are a chemicals manufacturer that have been performing very well over the few years. In May this year they released another excellent report forecasting another fantastic year for the company. I see no reason why this share shouldn’t continue to rise over the next 12 months. – Over the last two weeks they have been tipped by numerous Newspapers, including the Mail on Sunday, The Telegraph, Investors Chronicle and Questor. On top of this two top performing funds have increased their holdings in the last two weeks. Bought for 233p – Stop 190p – Target 280p

GHT (Gresham computing).

Gresham are another company that have performed really well over the last few months. A very positive outlook form the BOD and strong institutional support should continue to drive them forwards. Gartmore has a massive 21% stake in this company! My target is 80p.

AN. (Alternative Networks)

Another company with excellent history, going from strength to strength. The recent interim statement was similar to that of last year and forecasted similar growth. The company is up 200% in two years! No reason for things not to continue progressing. Target 370p Stop 230p

I have just been informed that my trade-plan to buy CAD (Cadogan Petroleum) has just gone through. Maybe a bit premature at 37p but we shall see. – Some important announcements and dates coming up over the next couple of months, including – Operations at Pok 1 are expected to commence on site in July 2011. Target 50p Stop 30p

I will being sorting out this years trades table shortly…