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Well, that was an interesting night
out! We went to an open air concert at Kew on Friday night - me, Elizabeth and
her sister decided to cycle. It was a bloody long way! I think
both ladies were secretly pleased at various wolf whistles from workmen working
on the closed roads! Onto the markets a nice quiet summer
day with most of the portfolio heading slowly but nicely higher. After my
frenetic trading over the last few weeks I'm taking a bit of a breather today. After all I'm in at 241 and 466 so
it's going to really have to fall from the current 670 bigtime for me to ever
take a loss on it!
But then I keep telling myself to
ride the uptrend while it lasts and that why not go for it when conditions are
good. What do you think? Am I fooling myself and should I be taking profits
sooner rather than later?' The reason behind the sell?
Firstly I have a lot of
exposure to oil and wanted to reduce a little so decided as Emerald has not
seemed interested in getting back above 200 and has been stuck in a tight
trading range for a while I'd move on for now. But as Arnie says: 'I'll be
back!'
Busy few days ahead! Tomorrow morning
we are having some family portraits taken - the three of us by a professional
photographer... yes, I know.. hopefully she's got a nice soft focus lens for me! This
continues to be a long-term hold for me and this tiny sale was just to raise the
cash. The other position stays put.
I would like to say congratulations
to my sister Nica on her joint purchase of 4 West End theatres together with
business partner Max. I think
this time given excellent fundamentals there is a good chance the 126 will be
breached and if it is, it opens up 140p. The downside looks limited - probably
122p. It could go back there and then have another try. It's not
generally a share played by the small punter like myself. In fact more than 3
million shares have been traded today - something's going on!! Right
now the big boys are battling it out - a real bull versus bear pull is going on
- let's hope I'm on the winning team!! I felt
the shares would be supported by the buybacks but would probably end up floating
around 70p for some time. In the event it would better to use the cash
elsewhere.
A quiet start to a summer week but some good gains continue for the
portfolio. I'm most happy with the current portfolio and don't really want to
take profits on anything just yet. I also have a lot of positions open
and don't really think I should open up anything new. There are a couple I do
fancy though. This share has been a sparkler ever
since it launched on the market and I think it has another 40 or so points more
to come this year. I've taken profits all the way from the 250 level in the last
year or so and it never fails to go up! The
market is saying it doesn't think this one is worth more than 275 for the moment
- and if that's the case I'm better off elsewhere. I sold at
265.5 recording a small loss of
£264 for the website.
Bastards.
That sums it up. How can people do such disgusting things to others? We panicked
at one point. Elizabeth's
dad has been staying with us and was on his way to a mainline station by bus
when we happened to switch on the TV (Thank God)
First
congrats to London for winning the Olympic bid - Christopher will be 7 and I
will be 119 by then! In
particular my spreadbetting account is looking extremely healthy with £30,000 of
profits this year in that alone, (£18,000 profits banked, the rest of the
spreadbet positions showing a profit of £10,000). I now
know myself better as an investor and have recouped the losses (over a much
longer period) mainly now by taking profits before what I estimate would be the
top and not biting chunks out of myself if it continues to move up. Also
sticking rigidly to accepting a loss and again by not taking chunks out of
myself if the following day there was a massive reversal. Any way off to scan
your website now, good trading. I will try and cover CFD's and my
views on them on the site soon. I've done a deal with a CFD company and one re
using CFD's in SIPPS to try and get you all better value on deals and hope to
launch these shortly.
Where do I start with the amazing gains I'm getting today? Well, actually
I ought to start with a new trade made this morning. I bought
12,000 shares in
Anite (AIE) at
70p (it was already up 1.5p).
Target 80p, stop
65p. I've been watching this for
a while and today's very strong breakout persuaded me to get in. Carrs
Milling also higher. White Young
Green has also shown good strength today - up now over 300 which is a
very bullish sign. Rotork is
motoring.. need I go on except there is a big smile on my face !#
Come on Christopher, please eat your
food as mummy and daddy are worried about you! He didn't want to eat much this
morning and as we're desperate for him to get bigger it makes us upset. He's
teething a lot now so that isn't helping either. Elizabeth's
Dad is coming to stay for 2 nights so let the Scrabble tournaments begin!
There's a very funny movie new this week to rent or buy called 'Hitch' - watch
it, it's a goodie! My
thought process reacted to financial news thus :-Jan 05 Market analysts predict
FT100 at 5150 by the end of the year! March 05 Market analysts predict FT100
could be 5150 by the end of the Month!! Buy calls! Two
members have this much influence??? Or have I missed some other vital news?
Perhaps the UK economy really is in good shape after all, it's certainly better
than some, perhaps pessimism has been overdone. I've
held it in both ISA & PEP accounts with five different brokers over the last
three years, and have never had any problems. Anyhow, congratulations on a good
oil sector pick! As with
Costain they are winning some great long-term contracts, and I think the share
will simply be a long-term winner - I think you can hold Galliford and Costain
for a long time and simply see your wealth increase! A move
through 300 could see further rewards. All in all I am a very happy bunny with a
great-looking portfolio.
Well, it's been a busy old trading day for me! I've bought into two
new companies, actually one new company and one investment trust. Also
bought a high risk company for my high-risk SIPP which if you are on my e-mail
list you should get today. Unbelievably
I'm already up nearly 30% the a share I bought early this morning for my high
risk SIPP - those of you on my e-mail list will find out all about it! I bought
3,200 shares in
Templeton Emerging Markets Trust (TEM)
at 197.85p. Target
220p, stop
190p. Emerging
markets are, like oil, another hot sector of the market and this gives me
exposure to this without, for the moment, too much risk. Thanks to all of you who've e-mailed in
regarding Christopher and the not putting on weight problems. I can
tell you that many of your followers will agree with me. Thanks to your past
advice on investing I have been able to claw back a lot of my losses so I never
miss a day reading your site but I have to admit I get just as much pleasure
reading about Christopher. I sincerely hope everything turns out right for you.' Another director bought 175,000
shares. No wonder the shares suddenly jumped higher and they obviously believe
the company is now seriously undervalued. These statements (often inaccurate)
are usually used by market makers to move shares around and get them more
business. As for the brokers they have their own agenda, I'd better not say any
more! I'm holding!! Wow - a fantastic couple of days away. (Helped by coming back Monday
lunchtime to see the portfolio still soaring!) I met
some very interesting people, especially one of CNBC's presenters - but I'm
afraid the conversations will have to be off the record, it is only fair. A dip in the postbag - a great mail
from reader David: 'I was much amused by your view of
the lady beachcomber you met on holiday and her intended move to Australia.
After running my wife's small
business and driving a black cab in London I spent the last 10 years
building up a reasonable wedge of capital in the market using all the money we
never put into a pension fund (because I didn't trust them). We'll buy a motorhome and go live on
the beach, trading UK shares via GPRS. Never been to Australia, never lived in a
motorhome, never used GPRS, don't know anyone who has done any of these things.
Crazy or adventurous? Time will tell
but there's an old saying: 'life is an adventure or it is nothing'. But I don't
regard us as being adventurous, rather we are working our assets, be they based
on finances, time, technology or attitude. I suspect your holiday friend may
have been of the same mind. Some trading to report! Bizarre it
may be but a sell and a buy of Telecom
Plus! Before I go any further as I always point out, I am obviously
biased towards this company and am in love as it helped me out of the rat race!
So please bear this in mind when I
make any comments about it! I strongly urge you not to be tempted to follow me
as usual with share buys. I am feeling very tempted to sell and
cut losses. However the fact the company is supported at this kind of price is
just making me hold on but any dip below 26 will see an immediate sell. What a bonus as I personally head up
towards the £50,000 profit mark from all my Burren buying. My website buys at
241 and recent at 466 are looking rather healthy! Staying with oils,
Emerald too is heading nicely
higher though the mm's are playing games.
The new series of The Apprentice USA starts tonight! Do not miss! BBC2 after
Newsnight or BBC3 at 9pm - should be a cracker! Met a very interesting lady in Ibiza.
She's about 60 years old and claims to be a 'beatnik' - which is kind of a
pre-hippy hippy brought up in the early 50s. As an employer the thought of someone
stealing from me horrifies me, especially because I'm such a generous guy at the
best of times. Then watching the programme I was flabbergasted of the sheer
stupidity of her mangers, allowing her to prepare personal cheques and in some
cases doing electronic transfers. I then started to feel that she was
being exploited, and yes she kind of deserved the money. However as the
programme went on It became apparent that she really was a greedy cow and she
wasn't taking it to survive but to spend frivolously. Well her number was up
when she tried to take £2.5m off a guy, and she got banged up for a rather long
time. Secondly, and more importantly, if I
were holding shares in Goldman Sachs I would want to know why my company is
employing people to carryout personal tasks for its employees, surely these
employees should be working on company business and activities, they are not
royalty, and they certainly earn enough to employ their own PAs if warranted.
Surely this is crime in itself !!!!! The spread guys got me out in just a
minute at 243p, giving me a
profit of £25. But my order in
the market took time to go through and I only got
238p to take a loss of
£275.
Right, where was I, going on about the holiday. So on Thursday we went into the small
town down the road from the villa to grab a coffee (and a crafty look at my
shares at the net place for me). Had a nice couple of hours and returned to
where we parked the car, which wasn't there! I bought when the price was already
up 5p. The breakout today looks powerful and this one could easily leap higher. I'm bitterly disappointed about the
company's decision to move to AIM forcing long-term investors like me, and some
institutions out. Oh well, I still think it's a good company and it'll do well
on AIM I suspect. I didn't listen to the market, more
fool me! Well, as I always say the ability to take a loss when it needs to be
taken is one of the most important lessons to learn as an investor -learn that,
take losses when you're wrong and you're on your way to making money!
Wow, that was an excellent holiday! I am back all refreshed with a portfolio that is
a lot higher in value than when I left - what more could a man want? Luckily the mobile was insured under
Telecom Plus' policy so a new one arrived this morning at no charge except a £15
excess. Note to you all: look after your valuables on holiday and keep cameras
with you! With only one market maker left at
212p I tried to buy some but couldn't get any online and I knew if I left an
order in the market it would take a few minutes and I'd miss the price. This is where spread betting
sometimes comes into its own. You can buy shares that would be difficult to get
in the normal market. Stop loss is 200p,
target 245p. However after poring over the
fundamentals the shares now look a touch undervalued so I'm in for what I think
might be a quick bounce up to 300p. Just in case this is a false rise I'd get
out fast if it started dropping again. Profits for the website alone are now
more than £10,000 and I'm getting
close to trebling my money on my first buy. I will pick my time carefully for the
sell and I need to decide whether to see quickly as it goes ex dividend for 4.7p
on Wednesday. I think they are crazy to move to AIM just to save a few quid. I
do suspect the shares will move up again once the Isa sellers are out of the
way.
So, are you going to miss me? Never
mind, it's only a week, you'll get over it. Sunny Ibiza beckons and we're
off on an early flight on Saturday morning - got to get up at 3.30am - yikes! Another excellent day for the
portfolio with my value shares still moving higher and pretty much everything is
in a good profit. The only disappointment is
Chime although recent action
shows a climb is on the cards. Shares look to be fair value for now
around 180p-220p and I expect the shares will now osolate between this range for
a while. Like last time if they ended up touching anywhere near 175p they'd be
an excellent trading buy. They are launching some new services
soon and one suspects the company is heading towards the end of the teething
problems - once this is established the price will rise again. They've taken on
some new managers with good-looking CV's recently too. I reckon I could not look at the
markets for a week and come back with no damage done! Well, we shall see!
I'm definitely going to need a
holiday to get over next week's holiday. Christopher is a very small boy yet it
looks like his stuff will take up 90% of the enormous cases we are taking with
us.
Hurrah
- as I took profits for the site today for the first time ever my website
profits have reached over £150,000 for the first time!! Look, if
I didn't congratulate myself no one else will.. afraid us Brits prefer losers
as, let's face it, it's more entertaining. Anyway I'm now aiming for £200,000 by
year end. Tough, but you never know. I make
some pocket money out of it to cover a small amount of the time I put into the
site and I can send my long-suffering webmaster a few quid from time to time. In order to get the cash to buy WHY I
had to sell something - it was a close call as to what to take profits on but I
decided it would be Kier.
The main reason being it was starting
to fall and though I think it's undervalued, technically it could fall 20/30
points before rising again (and hopefully I'll pick them up again a bit lower).
Thanks
for all your mails suggesting I've probably paid way over the top at £2,500 for
a week in Ibiza! Some of you reckon £500 should be nearer the mark, but I do
feel you all miss the point! I really
want a hassle free holiday in a very nice place and I do have to pay for the
flight of the babysitter! By the way, I'm not off till Monday after next but
thanks for the bon voyage messages! Broadcastle 97 (102) Radstone 255 (262) Carrs 504.5 (552) Burren 466.2 (550) Kier 840 (895) Cattles 304.75 (315) Hitachi 249 (252) Two new trades to report both made
this morning - both returns to shares I've bought before. Some buys coming in this morning and
yesterday have tempted me in to ride what I believe will be another wave higher. That's
it, we're all packing up in a couple of weeks and heading for Ibiza. It won't be
like the old days before me and Elizabeth got married. No clubbing and big
nights out! Well. Sometimes I try to be too
clever for my own good when trying to get the right price on a share. This is
really annoying! I fancied buying
Brammer (BRAM) for a while and
this morning looked a good time - I saw a couple of big buys going through and
thought the offer of 153p or so from the market makers looked good. Results look great, dividend is up
and a positive AGM statement. Cashflow is good profits are heading nicely
higher, market cap looks undercooked, just looks like a goodie. But a small punter like me can move
in and out quicker than an institution which gives me a good advantage. It's going to be a very volatile one
and I might have to withstand some big tree-shakes but I can see myself hanging
on to this one for a bit.
That was a great BH weekend, enjoyable and restful at the same time. And when you've
got a six month old boy that takes some doing! 'Nothing happens!' remarked David. I set
him a spread and he set me one. Got it right both times. Just as well he had a
stop loss on the last one. Bet Hi-lo is a trading name of
Sporting Index, which is authorised and regulated by the Financial Services
Authority. Held hostage on a bus! Yes. It
happened to me over the weekend but let's make this a cliff hanger and I'll tell
you all about it tomorrow!! A quietish start to the truncated
trading week. I have Radstone on
my monitor (RST) and when it
moves.. it really moves. I caught it moving up and tried to
grab 3,000 shares at 255. Alas for me only 1,000 shares were being offered
online so I did a dummy buy. I was offered 1,000 shares at 255p and given the
usual 15 seconds to accept or decline. The market-makers are happy to take
sells but not so happy to take buys which is a good sign! I've always felt this
one is worth at least 120p and it's only a matter of time! Target
120p stop
85p.
Another fab day on the markets for me
(obviously bar my insurance style ftse short). Thanks to the Evening Standard
market report yesterday which told of bid stories surrounding
Whitbread, I got out of my short
mighty quick. There's no point in shorting a bid story share and I exited at
851 to take a profit of
£255.
Ow! Handle me carefully! Hangover!
What a great night out that was... Went to the opening night of 'Some Girls' - a
new play with Friends star David Schwimmer. Great acting all round - one to take
the wife to. It's only 90 minutes with no interval so why not do the play then a
meal afterwards? Elizabeth is a big fan of Friends but
she was a bit overawed so she said the same thing. My sister told him: 'You were
right - you weren't nervous!' Wow! A brilliant day on the markets
for me and my last few buys have seen cracking results Dart bought at 296 now 307, Emerald
bought at 138.5p now 157p, Kier bought at 840 now 872, and Burren bought at 466p
now 503p . What more could a man want? So I closed at
1125 to take a loss of
£520 and then opened on the long
side at 1125 for
£5. Hoping I'll at least get my
money back by reversing as the breakout looks very strong indeed.
Nice start to the day to see recent
buy Roxboro up more than 30p to follow on another rise of more than 20p late
yesterday, more on that and some very quick profits racked up shortly. There's nothing worse than
self-congratulations is there? There's something smug about it which us British
really dislike. Now I try and adhere to the buy the
rumour sell the fact but on this occasion I thought maybe sell the rumour! After
all the shares had jumped nearly 20% on just a rumour.
My cafe happened to me right in the
thick of the Chelsea FC parade yesterday. What a day and all hands on deck. It's
quite But I have to say I didn't expect fans to be so bloody fussy. I'm mainly going as I'll be in the
company of some market-makers - always like talking to them because you learn a
lot about certain... er... tricks! You know what I mean: the house price
bubble, stock market crash, unsustainable emergency low interest rates, peak
oil, debt - both personal and government, the decline in manufacturing in the
West, China, the US dollar depreciating, Eurozone recession, the pension
timebomb, terrorism, future tax increases. Gordon Brown keeps telling us he has
created stability, but surely with such poor fundamentals in place it is only a
matter of time before it all unravels horribly. Don't get me wrong, I don't want this
to happen, not where I have lived all my life, but where is the growth going to
come from when we finally realise that selling each other assets at ever higher
prices doesn't actually create any real, sustainable wealth? Also stories from traders who made
huge mistakes (including one who lost £500,000) - these make great reading.
The markets continue to look strong
and all the shares I've topped up in over the last couple of weeks are going
well including Carrs, Dart, Emerald and Burren.
Went to a party past night and stayed till half midnight - outrageous I know! A
friend, John Bird was holding it - you may have heard of him, he's the founder
and head of The Big Issue and frequents the cafe a lot. There
are tons of you interested in the Utlities warehouse internet/phone package deal
and there are plenty of other mails I need to reply to - please bear with me and
I promise to get to you all sometime over the weekend. An excellent day on the markets today
- and I'm sure it is for you too. One new buy to report that's a top in
Roxboro (RXO) and I bought
1,500 shares at
381p. Target
420p, stop loss
365p. Robbie Burns has been trading successfully for over 7 years, having spent 1996 to 2001 as finance and general editor for Sky TV's text services. Robbie has started this commentary page on Sky and Channel 5 text in 2000 and ran it until summer 2002, during which time he made profits of more than £50,000, even during the bear market from 2001. Robbie now runs an independent cafe and catering business, but trades more or less full time. He uses ISA's and PEP's to avoid tax liabilities and runs his own pension fund in a SIPP. Visit his site here
Anyhow we got there and had a great time - there were thousands there and
we were glad we went by bike as the traffic jams were huge.
But we'd forgotten one thing for the journey back - lights!! Then I had a
'flash' of inspiration - kids were waving flashing love hearts and wearing them
on their heads.
So I bought two sets (£2.50 each) attached one set to the back of my bike
and one to the front of Elizabeth's bike and we set off at 11pm riding in
tandem. Not quite sure how many laws we broke getting home.
Let's see, cycling on pavements, running red lights, cycling with 'comedy
lights', cycling along closed roads.
Onto the mailbag, Simon
writes:' The question is this: is there any way of hedging against a falling
FTSE in an ISA?
You can't buy covered warrants or CFD's within an ISA so there is no way
to bet on a falling market.
Hunting is the star of the
day - bought at 255 a few days ago it's moving very strongly today and is up at
270 - I can't see much stopping this one getting to 300.
Also on the rise is Galliford Try
after some nice write-ups in the press over the weekend - good solid rising
stock.
Dragon Oil is strengthening
well - 118 is the next target which would open up 125 in due course.
Delta is trying hard to
crash though the difficult 130 level - interesting to see whether any more
stakebuilding goes on this week.
A pretty good statement from
Burren triggers the usual profit-taking - this is quite common with
Burren - doesn't bother me as a long-term holder.
Hurrah! Vanco has cracked
the 400p level - if it can close over 400 for a couple of days, 430 looks a good
new target. However I do tend to think this is just a good long-term hold.Thursday 14th July
'I've been asking myself recently whether I have been overtrading and have
too many longs open!
Onto the markets: Continuing my frantic trades to try and make the most of
current great conditions, one new buy today - that's
2,500 shares in
CSR at
446.9 - stop loss
425 target
495.
This one really isn't normally my kind of share - I've not touched a tech
stock since the end of the boom but perhaps now is the time to have one tech in
the portfolio.
At least this one makes profits - and a lot of profit and is a leader in
bluetooth technology. Now I'm buggered if I understand much about it which is
why I don't dabble much in tech shares.
The other thing is tech shares can either issue 'wow our new wotsit is
taking off' or 'It's not selling like we thought it would.'
Results are on the 28th of this month and the big rises that have been
going on lead me to believe they will be rather good. This one is more of a
gamble than an investment.
The price is very volatile - the buy prices has been in a massive 15 point
range today! In fact as I write it's two points below where I bought!
I took profits in Emerald Energy
at 173.75 to take profits of
£133 and
£352 to bank a total for the site
of £521.
I'm still allowing the huge profits in many companies to run..
Burren (profits for the site well
over £10k) White Young Green
(profit nearly £2k), Carrs Milling
shows big gains as does VP and
many others.
Recent buys have been going well too. Yesterday's buy
Hunting leapt up 10 points on
some massive buying which suddenly came in around 11am. Looks set for a run up
to 300p.
Templeton Emerging Markets Trust
is gong well as it firms over 200p.
Dragon Oil, Galliford, and
Vanco all show small gains which
I hope will become bigger and Delta
is trying hard to push above the crucial 130 area.
Dignity is shooting higher just
days after my large spread buy. Wendesday 13th July
Friday evening we're off to a classical concert in the park. And next
Wednesday evening we're invited to one of my sister's star studded parties which
will enable me to shamelessly namedrop next Thursday!
Christopher has started crawling and spent a lot of this morning trying to
get near the cat. Despite being 107 years old, my cat is pretty sharp and easily
gets out of his reach whenever he gets near.
Onto the markets - you might notice I've been trading a lot more than
usual recently - it's because conditions are very benign at the moment and I
want to take advantage.
So another new buy today - that's
2,000 shares in Hunting (HTG)
at 255.7 - target
300p, stop
230p. As I write the price is a
smidge lower than when I bought at 255.
Some of you may remember I bought this oil services company a while back
and banked some decent profits - this was back when the shares were under 200p.
I think there is a lot of upside to come here - the company has got loads
of cash from a recent rights issue and is going to grow by acquision ( as a
sidenote I wonder if Sondex would be in their sights).
Oil services is a hot sector and could get hotter. This company looks set
for a growth spurt and I think 300p is in sight by September/October. Possibly
even higher. I expect to hold for three months or so.
A tiny sell to help fund the buy - no big deal really but sold one of the
Broadcastle positions (we'll call
it the one at 97) at 98.6 to take
a profit of £24.
Plenty of action in yesterday's buy
Delta yesterday afternoon and
also today - the huge volume tells me something rather good is about to be
announced which may see some rather good upside.
The market continues to be very kind to the portfolio which has gone
higher today yet again.
Burren looks strong again and
800p looks on the cards pretty quickly once 730p is gone.
My recovery play First Tech
is looking rather good indeed - up from my buy of a couple of weeks ago at 265
to 310 now. Bit more to come by the look of it.
Dignity is soaring nicely
after my buy of the other day. White
Young Green has been making an impressive performance recently and is
simply going up every day a bit at a time.
Derwent Valley continues to
climb nicely and Dragon Oil is
holding well after some good recent rises - I expect that one to run again soon. Tuesday 12th July
Between them, they paid £11.5 million for the theatres which they bought
from the Really Useful Group of which my sister is Artistic Director.
They formed a company called Nimax to run the theatres. Nica takes over
the theatres from October 1 and leaves stops running the Really Useful Theatre
Group from them.
Talk about risk eh! She seems very confident she can make them work and
she does have an excellent track record. I guess the fact she's splashing out
nearly £6m herself means she is pretty confident.
I'm sure this puts the tiny money and risk we put into the stock market in
perspective. Good luck Nica!!! Looking forwards to some first nights!
Isn't it great to see London getting back to normal so quickly after the
bombings - we are so resilient. Good to see - the terrorists will never win.
Onto the markets - two trades to report - one buy and one sell - the buy is
5,000 shares in
Delta (DLTA) at
126.7p Target
140, stop
120.
Chart readers will see this one is on the verge of a momentous breakout -
over the years 126p has been the point it has usually failed.
This company looks cheap compared to some of its peers. It is normally
traded by the big boys - in the last few days trades of 100,000, 200,000 and
even 400,000 have been around.
Some heavy trading has lifted the shares over the last few days and there
is always the danger of a pullback but I'm going to take the risk.
Interesting that one company has built a stake of 24% in the company - if
it picked up much more we could also see a bid situation.
These days when one of your company reports you'll find they more often
than not go down even on a great statement!
This happened to two of mine today. It's the usual better to travel than
arrive and take profits quick scenarios.
What I try and do is decide as fast as possible whether to sell up if
profit takers are obviously moving in, or hold on and let the profit-taking pass
and wait for the share to rise again.
The shares concerned were Anite
and Vislink. Great statements
from both and both started the day rising. But profit-takers moved in fast. My
decision? I sold Anite and held onto Vislink and here are my reasons.
Dealing with Anite the statement looked strong however this was tempered
by a broker saying hold rather than buy. There seemed some disappointment in the
company making share buybacks rather than going for a dividend which would
attract more institutions.
The market makers were marking down fast. I made a decisive move and sold
at 69.5 to lose a small
£60. If I'd been a bit faster I
could have taken a profit as there was plenty of early 72!
The main reason for selling was my target of 80p suddenly seemed like it
would be much more difficult/take more time to attain.
Vislink decision was a bit easier. Yes, some profit-takers have come in
but the company looks in good shape and newsflow is good. I feel the fall is
only temporary and happy to hold.
Burren is fighting back and
is back over 700 today -my view is it's just a matter of being patient and
holding.
First Tech has burst
through 300p - my recovery buy looks well-timed.
Isotron is waking from its
slumbers and looks set for a run. White
Young Green continues its excellent climb - 330 looks the next stop.Monday 11th July
One I did feel I should get into again after taking profits was funeral
parlour chain Dignity (DTY) I
have added a spread upbet for £30
a point (same as buying 3,000 shares) at
380. Target 420 stop
350.
Erinaceous has disappointed
me yet again! I bought and sold once for a small loss and I've done the same
thing again. My original reason for buying was what looked like a good chart
breakout. However this morning the share dipped back 5 or 6 points and I decided
to give up on it.
Right now I'm being quite disciplined and taking losses fast on stocks
that aren't working out rather than taking the huge profits in most of them -
the winners have a little bit further to run.
All my recent buys are going very nicely.
Anite is lifting well slowly day
by day. 80p seems an easy target.
Burren, what can I say
about this lovely stock except it keeps going gradually higher and raking in the
money.
White Young Green looks
very nice now well above 300 which leads me to believe 330 is the next leg up -
some possible Olympic work coming their way.
My construction duo Galliford
and Costain are slightly lower
today due more to their move to MM/SETS than anything else. Not worried at all
about those two - two wonderful safe and steady stocks.
Templeton Emerging Markets
continues to gain steadily every day - would imagine its Net Asset Value is
rising.
My recovery play First Techology
is going well today just under the 300p level - hoping it will bust over that
shortly So a decent enough start to the week! Thursday 7th July
We managed to call him on his mobile to get him off the bus and walk back
to our house. We talked to him a lot of the way. He is here and safe.
As for share prices, right now I don't care. I'm not going to use a
terrorist event to make money from an overshoot on the downside or cut losses.
It's only money. It doesn't really matter.
I feel despair and anger as I'm sure many of you do. Why can't we have a
peaceful and loving world? My heart goes out to the families affected by the
bombs. You are in my thoughts.
There is Christopher in his cot now, all sweet innocence. I feel sorry for
him that one day he has to learn about such horrors. I am more or less in tears
as I write this.
I'm back to watch events now so I'm sure you will all understand if there
is no update or e-mails today. I'll leave you with yesterday's update in the
meantime, and happier times.Wendesday 6th July
I have to say I'm in a very good mood today.. probably something to do
with the fact the portfolio has absolutely rocketed so far today!
The profits are flying in and my patience with several stocks is now
paying off bigtime. There is a lot of strength in the kind of stocks I deal in.
What I'm really pleased about is I didn't let my bias towards the downside
at the beginning of the year affect my trading - and that is, staying with the
uptrend even though I believe personally the markets are overvalued.
I've only made two major mistakes this year so far - that's my buy of
Chime (badly timed) and also my FTSE downbet. But at least I took the losses
reasonably quickly.
Christopher's Grandad has arrived and is loving Christopher! Christopher
seems bemused by his moustache and keeps trying to pull it off!
He is also obsessed with my sunglasses and keeps on grabbing them, trying
to eat them and then throwing them to the floor.
Oh, no matter they are £100 DNK sunglasses! I am prepared not to worry
about that - as long as he is enjoying himself, I don't care!
With Tom here, the house is full of games and we're having Suduko and
Scrabble competitions which is great fun.
The house is full of fun and laughter and Christopher continues to bring
great happiness and love to our lives. We're all looking forward to The
Apprentice tonight, we're all fans, including Tom.
Let's have a look at the mailbag. Bob
writes:
'Just clicked on the ADVFN link and have found your web site but haven't
entered yet as intrigued by your notes on spread issues in the changes to SETS.
I used to day trade CFD's using GNI touch system where you place your
orders directly into the order book and where you work within the spread. It
would seem that you could play the 'game' as a private investor using their
platform.
Don't trade CFD's any more but regard the £30,000 it cost me as an
excellent education and worth the cost, but that's a different story.
Thanks Bob.
And a bit of a warning there! I do think CFD's have a place and they can
be very useful. But I do think you must look at them as very short-term
instruments and you MUST know what you are doing.
Some big volume has come in for this in the last few days with market
makers trying to disguise some very big buys as sells.
The company which had been having a torrid time seems to be turning around
and the last statements have been very much on the bullish side. Looks a classic
cyclical recovery play.
There are obvious risks especially as it has risen a lot already. But with
the momentum under it, there could be a lot further to go.
I also topped up my spreadbet buy of
Derwent Valley with another buy
yesterday afternoon - this time for £10
a point at 1213p. Target
1300p stop
1180p. This breakout is looking
very bullish.
Loads of risers today, Burren's
push through 700 is especially exciting. Just as well I ignored the idiotic
downgrade by some spotty teenage 'analyst' made recently!
Galliford Try issued a very
strong trading statement this morning - it's trading at well above market
expectations and there is, I think, another 10-20% upside here easily.
The trading statement caused
Costain to start rising again as the companies are very similar and both
doing well - a couple of cracking slow steady rising shares for any decent
portfolio with low risk too.
My other oils are also having a cracking day. Recent buy
Dragon Oil is rising strongly
after yesterday's profit takers are out of the way. Already nearly a 10% rise on
this.
Emerald Energy has also
joined in the fun with a strong rise too. The other buy of the week
Templeton Emerging Markets is
also going nicely higher today. Sondex
continues its strong run and is zipping higher.Tuesday 5th July
Still, in the end we are probably worrying over nothing which I guess is
what most new parents do.
Reader Andrew writes:
Is there a critical bulk purchase level whereby small price movements
would wipe out dealing costs? Would a 1000 shares buy as opposed to 100 mean that a small price move
net profits thereby clearing costs quicker than if I'd bought only the 100?
It might seem obvious but is a good strategy to always buy a certain
minimum quantity given that I'm starting with a small pot? I enjoy the website
Andrew - my view tends to be it's not really worth buying any share unless
you're putting in at least £1,000 but preferably £2,000.
After the spread, stamp duty and broker commission buying something like
£100 of shares is just a waste of time and money.
If you only have a small amount it might be better to do pretend trades
and practise rather than putting money in.
But the main thing always is: don't put in money you can't afford to lose
- and be realistic with that!!!
And this from Keith - who
thinks he's been shorting the market too early..
I jumped into puts too quickly. I think quite a few other people must have
thought along the same lines judging from the recent put buying and excitement
on the BB's at Footsies sudden rise.
May 05 FT100 dips below 4800 Market analysts predict the market will go up/down!
Sell calls, buy puts, just in time to squeeze a little profit. Phew!
26th May May factory orders remain subdued Consumer confidence wanes in May
31st May Retail outlook worst since 1992, Manufacturing output slides
again.1st June Net lending slows in April.2nd June House price slowest growth
for 9 years.3rd June Business confidence slides as services slow. 6th June
Manufacturing confidence slips again
7th June May, retail sales still falling. 9th June Output rises but trade
gap widens.FT100 tries and fails to breach 5050 buy 4800 puts! Buy 5000 puts
when it goes the wrong way!
13th June May factory gate prices fall. 14th June Inflation stays at 7
year high. FT100 heading past 5100!!!! Sod the stop losses buy more 5000 puts!
29th June June retail sales see fastest drop in 22 years.
Consumer confidence wanes in June. GDP growth slows in Q1. 30th June House
prices ease in June.
FT100 rise must have peaked! Want to Buy puts but read the footnote on
Robbie's website FT100 5200 so resist the urge for now!!
1st July UK manufacturing slips again FT100 hits 5161. Read Saturday
morning newsletter - Market analysts now predict FT100 may be at 5400 by the end
of the year!
Where the **** did the analysts get 5400 from? What happened to their
original forecast of 5150? And what about all the bad news we've been digesting
week after week?
Oh DOH! Forgot to factor in that seven of the Boe panel members decided
not to cut interest rates but more importantly two members wanted one!
Interesting mail! I guess it goes to show how difficult it is to call an
index like the FTSE 100 and that's why I personally have been rubbish at playing
it. I agree it looks like a short now, but you'd have to be brave to go in
against the strength.
I think it seems to be that the FTSE oil stocks have a major bearing on it
and have been pushing the FTSE up and also interest rates here look like coming
down which the markets like.
Brian has this to say:
Hi Robbie, It may well have been mentioned by others, but Dragon is a fully
listed UK stock, and is also listed on a recognised overseas exchange, so it is
ISA eligible on both counts.
Yes, Brian - you are right - I was told by one broker I could not deal in
Dragon in my ISA - but the others all say it's OK. I have re-called the original
broker and mentioned some very bad words!
One new trade made yesterday afternoon - and that's in
Galliford Try (GFRD) - I bought
15,000 shares at
60p Stop loss
55p, target
72p.
The shares have gone slightly higher already since I bought, now at 60-62,
a bigger spread than normal which makes me think the market-makers are a bit
short. (Although deals within the spread are easy).
Galliford is a similar company to another fave of mine, Costain - in fact
they sometimes work on joint projects.
Compared to Costain it seems undervalued at this price. Fair value to me
is nearer 70p than 60p.
The City seems slowly to be waking up to the value of holding companies
like Galliford and Costain and both shares have plenty of upside even if the
main market tanks. So anyway I'm tucking GFRD away for what should be some
excellent rises ahead.
A really excellent day for the portfolio with several stocks flying! I
don't have a single losing position at the moment and some huge winners.
My buy of Telecom Plus now
looks superbly timed and in a few days I'm already up nearly 20% - it's passed
my target with ease but with the 173p area gone, we could see another leg up to
the 200p level so I'm holding for a bit longer.
Not surprisingly some profit-taking in yesterday's buy
Dragon Oil after its massive rise
yesterday. I think the profit-takers will regret it!
Sondex is shooting higher -
a break up through 225 would look bullish.
Carrs Milling is heading back up
towards the 600p area which is at least what it's worth.
My recovery play First Tech
has moved up 30 points now since I bought a few days ago, and up another 6
points today. Monday 4th July
As you all are aware oil companies are hot - I've made a fortune
especially out of Burren Energy and a few quid out of Emerald Energy.
Of course it could be a bubble - on the other hand the bubble may not yet
be at its peak and I think it's worth the risk that the bubble is going to rise
a bit more before bursting. So I'm buying into another oil company that could
see further good rises.
It's called Dragon Oil (DGO).
Irritatingly I could only buy it for my SIPP because as it's an Irish company
it's not eligible for ISA's (bizarre or what - no logic in that is there?)
I bought 5,000 shares at
109.9 - target
140p stop
100p. As I couldn't buy for the
ISA's I also bought using a spreadbet for
£70 a point at
111. (That's the extra spread
charged by the spread firm which is how they make their profits).
I buy with gritted teeth because I bought this a while back at something
like 30p and sold at 40p - if only I'd held on.
Nevertheless even at this much higher price it's worth going in I think.
Obviously there are risks involved here but the company is progressing extremely
well and profits are rolling in.
Not that this really matters in a bubble. It's likely to start getting
noticed by bigger players at this stage and it's already been in part bid talks
once. Could easily be a bid target again. So all in all looking at the
risk/reward ratio this one looks good on the reward side!
Second buy today is an investment trust that just keeps going slowly and
steadily higher and looks a good ISA stock.
This fund looks to be well managed and the net asset value continues to
increase very nicely. Looks a good solid play with plenty of upside and for the
short term, not much downside.
The portfolio continues to perform well and the market continues to
surprise me with so much upside - there is no point in shorting while the strong
uptrend continues - it is far too hard to call a top.
Thursday's buy Vislink is
showing strength today which is very promising as it's rising still despite its
recent strong performance. Also good rises coming in for
Carrs Milling,
Isotron and
First Tech.
Burren is still finding
trouble getting over 690 mark - it had another stab today - it should not be too
long in coming!!
What can I say about the markets? I hope you are all making money. I know
one or two of you have shorted the FTSE - you may have to wait a bit to make a
profit on that. I'd like to short too but I would rather lose a few points than
short at the wrong time again.
Thursday 30th June
It's really kind of you all to be so concerned and we will look carefully
and all the points you have all raised. I try not to go on about it too much on
the website but can't help myself!
Thanks to Bill for this
kind e-mail: 'Nice to see you have your priorities right. News of baby
Christopher first - then the markets.
Thanks Bill, I'm sure it will!
I'm feeling a bit rough today - maybe it was the stress from yesterday -
but I'm aching all over and have got a massive headache. Perhaps I should just
go to bed for the rest of the day.
Onto the markets, I'm sitting on some huge profits and despite the fact I think
markets are overvalued, there's no reason not to run with current sentiment.
In fact there are one or two shares I'd like to buy but the portfolio is
so strong there's nothing I want to sell to raise the cash.
An excellent statement from White
Young Green makes the shares sit tantalisingly at 300p. The company says
full year profits will be significantly ahead - so there is little reason for
the shares to drop and a lot of reason for the price to keep going!
Telecom Plus continues its
journey back up. I didn't read the full director buying statement - thanks to a
reader for letting me know - but a whole raft of directors have bought shares
including a buy of 500,000 by Charles Wigoder, the head man.
Burren is down today on a
'broker note'! I don't know how they let brokers get away with issuing
statements that move the markets so much.
Small rises from Sondex and
Erinaceous today otherwise it's a
rather quiet spell for the portfolio which given the recent good gains is just
fine.
Tuesday 28th June
Stock market historian David Schwartz put on an excellent spread at his
gorgeous country house near Bath.
Onwards then to a beautiful little hotel - The Burleigh Court Hotel which
is in the middle of nowhere and has a brilliant Victorian plunge pool!
So instead of waking up to my terminal yesterday I woke up to stunning
views of the countryside - certainly puts things into perspective. I also had a
plunge in the pool which was great fun.
Christopher enjoyed himself as well though he did not fancy a plunge
judging by the look on his face!
We're taking Christopher to a top private paediatrician tomorrow morning
as we are still worried he's not putting on weight. You certainly climb a wall
of worry as a parent.
Of course as our daughter died tragically, we are probably over protective
but you can understand why.
Now at 56, because we took over responsibility for our financial position
we have that capital to support us, and we're off to Australia permanently in a
couple of months when they issue our visa.
Love your website, read it everyday
Thanks David. Life is for living and that's exactly what you are going to
do - live it!! All the best for your new life in Australia - let us know how you
get on!
When I got back yesterday I sold at
157.5 for a loss of
£1,250 because it had broken down
through the important 165-175 area. The share is being hit by the high oil price
and the company's failure to hedge, coupled with what looks like some shorting.
However this morning the shares tumbled to 150 or so. Even bearing in mind
the oil disaster with a PE of under 13, a market cap under 100m and no statement
likely for a long time it looks likely to become a trading stock and I bought on
the instinct that 150 will prove a bottom for a while at least.
So I bought 3,500 shares at
152p. Target
170p, stop loss
140p. When the turnaround for the
company comes, I reckon it'll be big - and fast. Some good buying in the 153
area too.
An interesting report from First
Technology this morning which has seen the shares go up nicely. It shows
the company is in the first stages of what could be a good recovery and my
timing looks like it was spot on. Some nice massive buys going in today.
The only stock in the portfolio that is currently a loser is
Chime. The company announced a
placing today at 26p which helps them raise money to buy another company.
What can I say about Burren
as it heads onwards and upwards - I can hardly believe my 700
year end target is pretty much here already.
Carrs Milling always stays
quiet but when it moves it's usually a quick 20 points in either direction as
the 3 mm's have the share at their mercy. I'm ignoring and staying with the
long-term uptrend. Dignity
continues to go up slowly and surely over time - a real good winner of a share.Wendesday 22nd June
She's spent her whole life out of the rat race - doing a bit here and
there to get by and she's about to go to Australia - she travels alone and seems
to love it!
Good for her - maybe some of us in our heart of hearts would be interested
in that kind of lifestyle but we may be a bit too scared!
Christopher seems to have settled back in at home - but afraid I have bad
news for you my boy - we're off on another holiday though this one is a long
weekend.
On Sunday we are all off to stock market historian David Schwartz's summer
BBQ. He lives near Bath so it's about a 2 hours drive so we're going to spend
Sunday night in a nearby hotel and maybe another day if the weather holds.
David has a terrific country mansion - it used to be a hotel and there are
some fabulous grounds - some top people from the finance world going and I'm
looking forwards to talking to some of them.
An interesting mail from Dylan
regarding the excellent TV show about the secretary who stole £4m from her
bosses at Goldman Sachs.
Did you see that programme on 'the woman who stole 4 million' ? I have had
mixed thoughts on this, for example, firstly when the news originally broke I
thought, caught red handed deserved what she got.
However what has flabbergasted me more than anything was in the closing
credits of the programme it stated how much jail time she got, and that the
money was slowly being recovered from her estate. It then went on to say that
Goldman Sachs had reimbursed all of its employees that had been affected by her
crimes. WHAT!
Firstly as an investor I am extremely concerned that these so called high
flying city slickers who are in charge of large investment funds (or similar)
paid millions in bonus's could not even manage their own finances, and lost out
in £ 0000's of pounds without knowing.
Thanks Dylan. I guess they make so much money they don't care about it
anymore which is why she didn't get caught early on.
As an employer myself I have to deal with small-scale stealing at my cafe.
I usually spot when they start because their behaviour changes. I reckon people
who steal want to get caught to put them out of their misery. She wanted to get
caught I'm sure.
Turning now to market action and I quickly disposed of my spread and other
position in Hitachi Credit as
soon as the market opened.
Though trading on a low PE and still looking OK value wise the AGM
statement was too cautious for my liking and I exited not because I think the
shares will tumble very far but because there is a little uncertainty now which
wasn't there before so upside suddenly becomes very limited for the next few
weeks.
Interesting that I found it easier to get out of my spread position at a
much better price than I could in the normal market.
My sells were completely unemotional - I do like the company but the AGM
statement told me to get out.
Yesterday's buy of Vanco is
going well - it's trying to get towards the 400p mark which may prove a hurdle -
through that and 450 should arrive in due course at which point I would take
profits.
Recent buy Erinanceous has
seen a very nice rise today and this looks like a good breakout - a statement is
due shortly and a good one could see a lift above 300p.
Some stirring from their slumbers in
Broadcastle and
Brammer - two shares that when
they do decide to go up jump all of a sudden.
Carrs Milling has also gone
up after a deep sleep and the same comment applies - given favourable market
conditions these three should pay out.
A small pullback in Burren
is nothing to be worried about and I'm holding grimly, baby! The FTSE continues
to look so strong that 5,200 is now on the cards at which point I would consider
getting on my shorting boots.. all in good time...Tuesday 21st June
'Great!' I said. 'This adds to the total.. now stolen on this holiday, one
digital camera, one video camera, one mobile phone and now.. one car!!'
Well, actually we laughed.. I guess you have to! We walked down to the
local police station manned by one cop who was half asleep.
'Ah,' he said. 'You park in no park place so we tow away...' He wanted 50
euros for us to get the car back. I'm not one to be suspicious but it looked
like he made up the price and pocketed the cash.
Seems like some kind of local scam - stick up an obscure sign - wait for
tourists to park, and bingo - collect the cash!
Well, it could have been worse, the car could have been stolen I guess.
Tomorrow I will chat about an interesting lady we met (the caretaker at the
villa) who is a 'beatnik' rather than a 'hippy'.
I've pretty much got through all my e-mails now so you should have had
replies.. the mailbag is back open!
A quick moan (sorry!) to those of you wanting to join my e-mail list by
sending back your forms for the £19.95 broadband/free phone calls package... I'm
having to re-send some forms back to some of you because you haven't filled them
up right!
Pleeasssseee make sure you sign the form in both places and fill up all
the boxes, and please remember to put your credit card number on the form too.
This saves me and you time and effort!
My Big Brother betting is looking tasty. my bet on Makosi to win at 13 is
already yielding a good profit with the spread up to 23. (That's £200 profit if
I close out now). But I believe she will win and if she does I'll net over £700.
My Roberto short looks good too as he's likely to be out soon netting me
nearly £300. My most risky bet is a Kemal short which I'm slightly down on but
the camp chap may run out of steam.
A new buy today and it's a return to a company I really like and respect -
Vanco (VAN). I've made many
thousands buying and selling Vanco in the past and now I reckon is the time to
get back in.
As many of you are probably aware I've held on to some shares since they
were 181p although not for the website. I've played this one and made profits
several times and I hope to repeat the trick now.
The company looks like it's in the middle of a deserved re-rating to
around 450p and I bought 2,000
shares to top up at 371.628
(crazy price!) Stop 340 - target
450.
I visited the company for the Sunday Times a few months ago and was very
pleased with what I saw - the head guy is a determined man and I was really
impressed.
The staff are all extremely motivated (with good share options) and the
company has a tremendous niche in computer networking with big clients and
unbreakable multi year contracts - one of their customers for example is Avis -
so anytime you book a car rental with Avis anywhere in the world, it'll be
Vanco's software sorting your booking.
Some changes to the portfolio today - first a couple of sales to report.
As mentioned yesterday, I have to sell
Dart as it's going to AIM and so I can't hold in my tax free status ISAs
and peps so reluctantly I sold at 302.5
early this morning (3,250 shares).
That's a profit of £130 on
my recent buy and a profit of £59
on the original buy to make a total profit of
£189.
Shame it all happened when I was on holiday otherwise I'd have come out
with a much bigger profit - never mind.
The second sell is a big disappointment - but the market has not been
speaking in its favour recently and a fall this morning pushing it below my stop
loss prompted me to sell Gibbs
for 395.15 for a loss of
£415 on the last buy and
£175 on the second to record a
total loss of £590.
I've decided to exit my Blacks
Leisure short at 433 for a
loss of £250 - the share seems to
have found a bottom and it looks like it wants to go up - simple as that!
My oil plays continue to bring in the loot with yet another good rise for
Burren Energy...
Emerald Energy is also now
joining in the party and the rise today over 180p looks very promising. Any rise
over 200p could re-open 240p.
Yesterday's buys First Technology
and Sondex are both looking
strong after some nice rises, more to come for both of these I reckon.
Rotork managed a good rise
above 500p late yesterday - if it can hold above 500p for the close today that
would look bullish.Monday 20th June
I'll tell you bits about the holiday as the week progresses! A fantastic
villa - huge swimming pool, lovely views and completely cut off up a dirt track
- I must admit lying in the hammock listening to birds singing and looking at
nature all around was just fab.
Christopher was a bit bewildered by the whole thing but seemed to enjoy
trying to undo the bra straps of the two young ladies who looked after him while
we were out.. a true Burns!
As well as the huge cost of the villa (well worth it) on the first day
stolen from my luggage were: 1video camera, 1 digital camera, 1 mobile phone.
Arrrggghh! I have no idea when they were lifted. It'll cost me in excess
fees to claim on the insurance policy (of course - you never get back the whole
lot do you?).
On top of all that we parked the hire car on a side street to get a coffee
and on return.. it was gone!!! More on this tomorrow (I like my cliffhangers
these days).
The villa had Sky so I had access to Bloomberg so could see most of the
prices of my stocks which was really handy and saved me from bothering with an
internet cafe.
It was rather nice at the end of every day to see Burren Energy's share
price soaring and after doing nothing for a whole week I've made nearly £7,000
thanks to Burren!
So after all the worrying about going away and whether to sell up my
strategy of leaving my positions open proved a good one.
Right, quite a bit of trading to get through after my week away. Firstly
my position in Admiral was closed
out at 389p on Tuesday while I
was away on expiry day - I forgot to roll over! Still, actually that's probably
a good thing and profit banked is a very nice
£1,860.
The Admiral spread buy proved a winner right from the start and this
profit came with no worries at all all the way up!
After my rest I suppose I was very keen to get trading and I launched in
with two new buys early this morning!!
First trade was a return to a buy in
Sondex (SDX). Interesting because
I think oil supply companies like this could see a boom. If you remember I last
bought these at 160 and took profits at 229 and 198.
I saw while I was away the price started to rise and was interested to see
it beginning a rise this morning.
So.. I quickly called Cantor Index who quoted me a buy price of
214p (the extra 2p is their
profit margin). I took the quote and bought at
£30 a point (same as 3,000
shares). This proved a wise move as in just a few minutes the shares went up to
217p to buy.
The other trade is a bit bizarre - it was a share I was looking at
shorting because it's been falling off a cliff - however when it came up as a
short on having a good look at it I changed my mind and it looked an excellent
recovery play!
So instead of shorting I went long and bought
2,000 shares in
First Technology (FRS) at
265.75p. Stop loss a tight
255p, target
300p. These have been tumbling
all the way from over 400p quite quickly.
Turning to other shares, White
Young Green's up 10p since I went on holiday and looks good.
Good old Burren has soared by
nearly 100p since I left and my year end target of 700-800 looks like it may be
achieved rather sooner than September.
I was horrified to see Dart
is moving to AIM! This means I have to sell them before the move in August. What
are the management thinking of? The results were great but the move to AIM means
tracker funds have sold causing the price to tumble.
Telecom Plus looks like
it's about to become a trading buy - once it goes ex dividend probably - if I
can buy at the 170p level that will look like a good price. (Remember I made a
right few quid buying at 174 and selling at 220 last time).
Emerald Energy has joined
the boom in smaller oil stocks while I was away and has been going up today.
Roll on 200p!
Erinaceous is looking good
today and a break through this 275p area should see 300p fast. A statement is
due soon.
Friday 10th June
Packing? Not started. Too busy trying to decide if I have any ropey
positions and whether to sell them before I go and also whether to roll over
spread positions. Tricky!
Going from Luton, just hope all the jokes that it's a bit of a ****hole
(the airport not the town as a whole) are incorrect.
We have a massive suitcase to be filled with Christopher's things. We went
to Mothercare to buy some toys... mainly for me and I've been enjoying them!
I will see if I can get round to updating from Ibiza so check in from time
to time, but can't promise anything.
I've had a good look at the portfolio and nothing is screaming at me to
sell while I'm, away for the week - I'll keep an eye on things from the net cafe
and take action if I really need to. I hope you all have a great week with your
shares.
I leave the BB betting looking good with excellent profits already on
Roberto, a break into profits with the Makosi buy and breaking even on the short
of Kemal.
King of the portfolio continues to be
Burren which just keeps rolling
in the profits for me and more to come by the look of it.
VP Group is building on the
gains after its statement and this move above 200 looks very encouraging indeed.
Emerald is back on the march
upwards at last.
Telecom Plus has fallen
after a statement which revealed their gas hedging cock-up is still costing them
and will do for the next year.
They got into energy at the wrong time and this is holding back the decent
profits from other areas. Looks to me as though the huge dividend will give
plenty of support to the shares and I'll continue to stick mine away in a drawer
and hold, and pick up the divis.
Customer services have been sorted out - when I asked for roaming to be
added to my mobile phones for Ibiza the phone was answered in ten seconds which
is a good sign.
Costain is trying hard to
get above 50p and this looks well undervalued - another good solid long-term
hold.
White Young Green,
Brammer and
Broadcastle are three solid
companies that again I feel confident that tucking them away for a while will
produce good profits.
So all in all I go on holiday with a strong-looking portfolio with a good
mix of the solid and risky.
Tuesday 07th June
Baby sun tan lotion, baby food, baby clothes, baby this that and the other
- there's just about room for one pair if trousers for me and a couple of
T-shirts!
Every day some parcel seems to have arrived for him as Mrs NT embarks on
what looks like a credit-card battering spending spree. Sod it, maybe I should
take those ads for the site and forget about being a nice guy!
Sometimes I think it's time to end this site as it takes up a lot of my
time every day. And strangely nearly everytime I nearly come to the decision to
say bye bye I get a nice e-mail which changes my mind. So thank you reader
Charles for this which has made
me decide to keep the site going for at least a bit longer...
'Delighted to read the excellent news about your profits of £150,000. I am
sure that it is well deserved for all the hard work that you have done.
I read your site every day and have done so for over 2 years. I have also
followed your advice and I DO NOT buy any of your shares but I do enjoy reading
about your skill and expertise. I am looking forward to buying your book at the
end of the month for me to take on holiday on the 3rd of July.
With very best wishes to you and your wife and baby son. You must be very
proud. It will be a sad day (for me) when you finally take your family and ride
off into the sunset. And to think that I used to follow the advice of Tom
Winnifrith....'
OK Charles, thanks. So that's more work for me every day for a while longer
then!
After loads of trades these last few days just one tiny sell of
Radstone today - sold at
251.99p. It was only a small
gamble and a ten point reversal today made me jump ship to take a tiny loss of
£30 which I shan't be worrying
about!
Otherwise a rather quiet day with the porfolio still going great guns.
Burren continues to be by best
investment by a long way - I'm roughly in profits by nearly £35,000 since I
first bought at 241p. Letting the profits run on this one has proved very tasty.
It's up again today and as I said before any more above 570p will be a
very bullish signal. The question is: could it possibly do a Cairn?
I'm extremely happy with my timing on my buy of
Isotron on Friday. Bought at 598
in just two days it's rocketed to 635p. Some very big buys going in here and I
wonder whether there is a big contract/bid/good news about to be announced.
Costain is started to move
which looks good news - any rise/close above 50p should open up 54p in time. A
good solid hold this one.
Yesterday's buy White Young Green
holds well a bit higher. MM's are only offering 1,500 shares online on the
buying side but 4,000 on the sell side - a pretty good sign it ought to carry on
rising shortly!
Brammer goes ex dividend
tomorrow for 3 and a half pence so should start the day down 3 or 4 pence.
Anyone buying today gets the dividend. I think it's worth holding for the divi
and further capital growth
I'm on the verge of taking Cattles
profits. The FTSE keeps trying to stay above 5,000 but is finding it hard work!
Monday 06th June
Well, actually if I took all the profits sitting in the portfolio it would
be nearer £160,000 - but I only allow banked profits and losses - not paper ones
which seems fair.
With dividends likely to outstrip costs judging by my Sipp and with no tax
to pay thanks to ISA's I feel very proud. Especially given they are all real
trades at real prices with no dodgy mid price business. So well done me!
Do you know I could make a fortune out of this website if I accepted all
the companies who wanted to advertise?
But I can't in my heart of hearts have ads on this site which say 'make
42% in a week!' Or 'Turn £2,000 into £70,000 in six months'.
Because I don't really believe it. I can't think of anything worse than
getting an e-mail from a reader along the lines of.. 'I bought this system
through your site and I've lost a fortune and it's all your fault!'
The only advertisers you see here are companies I use and trust. And I get
them to give some decent discounts too!
Oh well, maybe I won't make my fortune from advertisers but I'll get it
all back in good karma.. or something like that.
It's almost worth it for the surprise element when someone asks to
advertise and I say 'No'. 'What - you don't want the money - are you nuts?' I
guess they're not used to being turned down.
I've been trading quite a bit the last couple of weeks to good success and
some more trades today.
First a buy - and that's in White
Young Green (WHY) where I bought
3,000 shares at 265p (the
shares were already up 4p on the day). Target
295p stop
250p.
Those of you with good memories will remember I bought these at 200 and
sold at 290 for an excellent profit over six months last year. Since my sale
they've drifted - but it looks like it's time to get in again.
The reason I bought was the sudden upward movement in the shares this
morning after an age of doing nothing - I find this usually a good sign with
small cap shares and with WHY in particular it can often move fast after a long
plateau.
The company itself looks in great shape with profits and dividends rising
nicely - and even if the market heads lower generally they are likely to keep
their value.
Basically it looks like a cracking low risk buy with at least ten percent
upside to come. Any break over 290p would look very bullish and open up 320p.
I also bought £20 of WHY on the spreads (not for website purposes) - I
actually asked for £30 a point but Cantor knocked me back to £20. That's
probably good news!
So I sold at 890p (real
trade 1,650 shares). For the site
that's a profit of £455 for the
shares bought at 836p and a profit of
£400 on the ones bought at 840.
I also took a profit on my spread bet long which was sold at
891 to take a profit of
£390 to make a very nice total
profit of £1,245.
Friday's buy Isotron has
really motored this morning - up 17p - already putting me into a nice profit -
but much more to come I reckon.
Also motoring bigtime is Burren
Energy - as I said, once 535 was broken, 570 would be the next stop.
After that the sky's the limit! My recent buy at 469p is looking pretty good
with the shares nearly 100p higher already!
Emerald and
Costain are creeping up today.
Broadcastle and
Brammer are holding well at
higher levels as is Erinaceous.
Telecom Plus is creeping up
ahead of results due this week. It will be interesting to see if the problems
with the gas have got better although losses from the lack of hedging are still
expected for the next year. Broadband and phone sales should show good growth.
So basically another excellent day on the markets. As Fraser remarked in
Dad's Army is probably means I'm 'doomed'! I remain vigilant against a sudden
stocks slide!Friday 03rd June
Just as well I've got another week to work the markets because I have some
big profits building up in my last ten buys and at least I've got another 5 days
to decide whether or how much to take!
Here are the last ten buys I've made and the prices I paid - prices now in
brackets!
Brammer 157.38 (163.9)
Not bad, eh!
First up is Isotron (ISO) - I
took huge profits on these a few weeks ago by buying in the 400s and selling in
the late 500s.
I picked up 1,500 shares at
598p. Target
650, stop
575. The company is prospering as
the population gets older as it specialises in sterilising medical equipment -
no reason why the next set of results should not be excellent.
It pulled back recently from profit takers like me but I think it's likely
there will be another wave to ride up now.
My second buy is a quick return to
Erinaceous (ERG). If you remember I sold a few days ago to break even
because it wasn't pushing past 270 and I was happy to give away a few points and
come back if it broke above.
I believe it did that today so I've hopped on with
3,000 shares at
274.313p. Target
310p, stop
260p.
The chart looks very strong now the 270 has been broken. Of course there
is the chance it's a false breakout which is why I've set a tight stop loss.
Another really fantastic day for the portfolio with the star being
Burren Energy. As I predicted the
break through 535 opened up the current 550 quickly and now it could be a very
exciting ride - any more above 570 will see my eventual target of at least 700
arriving!
I already much more than doubled my money since buying these at 241 and
I'm very glad I topped up with more at 466!
Broadcastle rose again
yesterday and the market-makers continue to look short of stock - a much nicer
and slower rise than the last time it got to this level which bodes well for a
possible smooth and slow ride over 110p.
Brammer has performed
nicely since I bought - another one or two institution buys would help to push
it up to 180 at which point it might be profit taking time it it can't push
through.
So it's a very satisfied Robbie at present but that's exactly when you
have to stay cautious as the market definitely will bite you in the bum just
when you think you've cracked it.
The only fly in the ointment is my FTSE short but that is an insurance
policy and I haven't yet had to pay the premium. We'll see!
Thursday 03rd June
No, I'm a responsible parent now. I've splashed out £2,500 for a week -
that's our own villa and swimming pool so I can teach Christopher some swimming.
And we're taking one of the girls from the cafe and her sister who will
look after the lad for us sometimes so we can get out and about too!
There's an internet cafe up the road so I hope to do a couple of updates
to the site from the island and bring you some gossip from the Golden Isle - as
well as some trading updates! So that'll be from Monday after next.
Holiday insurance? Booked through utilities discount warehouse of course!
£38 for the three of us.
But with 25,000 shares on offer online I reckoned wait a bit and see if I
could get a better price. So I went out for a walk, got back and saw the price
starting to lift.
So I ended up buying 10,000
shares at 157.38p, target
190p, stop
145p - considering I could have
got 152.8p earlier I am a little pissed off... however I think the price could
go to 190p if 180 can be broken.
Brammer looks a great one to get into for me. It's got everything I look
for in a share - liquidity is good, the head cheese has been buying shares. So
has one institution - the Prudential.
This share is generally bought and sold by institutions with small punters
ignoring it because after all as usual it's not very exciting!
I'm not quite sure of my timescale on this one - 180p or so was its peak
earlier this year - if it fell away from that I might take profits but if it
zoomed through I'd hold. The shares have a great floor at 150p so I don't think
any damage to my capital could occur.
As I write the shares have moved to 157-165p. Could be the earlier big
buyers means the market-makers are running a little short.
Finally, I like the fact Brammer spread is actually tiny. For example as I
write the real spread (the real market maker offers) is 159-162 which is a nice
tiny spread.
Elsewhere recent buy Broadcastle
is looking better and better with bigger buys still coming in and they are still
paying over the odds for shares. The nice lift above 100p looks pretty bullish.
Lots of good gains in what's a great day for the portfolio.
Burren is excitingly poised on
what looks like a big breakout and I would hope for a close clear of the sticky
535p area. Next stop would then be 550p - after that the sky's the limit!
Also going higher today is Hitachi
Credit and Carrs - both
solid shares. Emerald and
Kier are also beginning to move
back in the right direction after recent falls.
Some of my spreadbet longs are showing excellent profits especially
Admiral,
Rotork and
Dignity which all look good and
strong. The FTSE is still stuck in that tight trading range while the bulls and
bears slug it out!
Tuesday 31st May
First back to Friday. I toddled off to Lords on the hottest day of the
year to meet the chaps from Sporting Index and watch a spot of cricket.
David Schwartz, my friend the stock market historian, as an American
cannot understand why people watch cricket. He said as much to an English
friend.
'Precisely!' replied his English friend knowingly!
And really nothing much does happen. We were playing a crap team so
England just piled on the runs.
What cricket is all about is generally blokes getting out of the house and
having a few beers and a chat!
In fact I only watched about 90 minutes of cricket and spent the rest of
the day with the lads from Sporting chatting.
It's great to meet people who really love their jobs and the guys from
Sporting really do! The enthusiasm shines out from them. They even like their
boss which is really bizarre!
I picked up some interesting snippets about spread betting (on sport) but
it's only fair that I keep it off the record.
But it's interesting that they do have the odd big winners out there who
consistently make money on sports betting. The winners generally are those who
really know their sport.
And there are some big hitters! One punter apparently had a massive bet of
something like £450 a point on the number of runs scored by Bangladesh. Sadly he
was on the wrong end of the spread and lost a packet.
Can you imagine him telling the wife? 'Sorry, darling, in a bit of a hole
financially at the moment.. you see Bangladesh didn't score enough runs.'
Anyway, a big thank you for the day out to Sporting Index. I'm very happy
to say I won £30 spread betting with one of the lads.
Talking of sports/entertainment spread betting it's Big Bro betting time
again. Oh dear, what a bunch of tossers in there (and that's being mild). It
looks completely unwatchable this year.. I mean honestly who cares if they all
shag each other?
So although I'm not going to be watching it that closely there should be
some betting opportunities and my strategy this year is to look at selling or
shorting the early favourites.
What normally happens is the early favourites end up being the ones
chucked out half-way through the show at which point the early outsiders become
the new favourites.
Top of the list of potential shorts are Roberto and Kemal (surely a lady
boy can't win twice?)
Derek could be an interesting buy - I'll let things bed down a little more
before having a bet or two with Sporting.
The French voted no I see... it was nothing much to do with the EU was it?
Like us they all hate their politicians and it was just a vote to piss off their
politicians.
Say what you like about Kinnock and Thatcher but at least they believed in
something. The current crop seem to just want the power and that's it.
One of the country's top traders - and a very clever chap called Richard -
has recommended this site to his readers by writing this:
'Robbie (Burns) continues to demonstrate a refreshingly down to earth
approach to trading commentary, with a lot of personal life diary thrown in, and
although my methods and approach are diametrically opposite to his and I also do
not agree with some of his statements and promotions to which he appears to have
sold his ego but, thankfully, not yet his soul, I must recommend to those of you
who like to get a feel for positional share trading that you should not miss out
on his daily column on www.frequenttrader.info.'
What he doesn't realise is I've been advertising my soul on E-Bay so it
should be sold sometime next week.
It actually looks a pretty good buy for newer investors because it
explains so much about the mysterious workings of the market.
Puzzled by crazy share moves? The book explains all. And for those of you
thinking about getting into CFD's which I am in my SIPP, anyhow there's a great
chapter that looks at everything you ever wanted to know about CFD's but were
afraid to ask!
It looks at CFD costs VS normal share buying, the timing of funding costs,
how to short sell and how open offers pose risks to shorters. There are also
some good examples to follow through.
I also like the way he looks at many things that I often get e-mails about
such as dealing on results day, what share buybacks mean to traders and the
risks of short selling.
While the countdown was on the buy price went to 260 - so I thought, well
I'd buy anyway even though it's only a small amount. Probably worth it as the
shares then raced higher to 265p (to sell).
So there we are anyway, 1,000
shares at 255p - target
285p, stop
250p. You never know with
something like RST - they might announce some kind of big deal.
I also did a small top up in my holding of
Broadcastle
(BCS) and bought a further
1,500 shares at
97p to add to the ones already
secured at 94p.
Elsewhere quiet but not bad.
Burren looks very strong with the next stop likely to be that sticky 535p
area where I might be tempted to take profits on the recent batch bought at
466p. Then again I may not!
Cattles needs to get above
the 320 area to really go higher but has been looking good in the last few
sessions. Rotork is proving a
good winner but can it get past the 500 zone? I'll find out soon. Everything
else looks like it's having another day off.
Thursday 26th May
However I feel little joy from this gain because I played it very badly.
It reached my target and I could have made over a grand from the trade. Greed
got the better of me. Still, as usual I try and learn from any mistakes.
So all is going well. Star of the day is
Kier Group - I now hold nearly
£40,000 of shares. Up more than 25 points today - this really was a bargain buy
as I pointed out when I bought it and topped up. I also have a decent sized
spread bet in this one too.
Burren is starting to
rocket up as I write. My year-end target is still 700p. I think it will take
time to get through the sticky 535 area but my top up buy at 466 is looking
better and better.
Hitachi Credit is doing the
business today as well and so is Rotork
which is rising rapidly. All in all it's been an excellent three or four weeks
on the markets and I head off for holiday time feeling very happy with progress.
This obviously means the market will crash on Friday while I'm at the cricket!
Wendesday 25th May
I'm lucky in that my sister is a huge West End impressario and runs Really
Useful theatres so she gets us tickets for the big nights but best of all the
VIP after parties.
The play was OK - more of a chick play than a blokey one - but as my
sister points out David S is the big draw and the play will end up being sold
out whatever the critics make of it.
So we were ushered into the VIP area of this party jam packed with celebs
and various hangers on like me and Elizabeth!
Very cool party, think Miami style. Lots of fab cocktails and Asian style
food. I did meet David Schwimmer but after shaking his hand the best I could do
was 'great to meet you.'
Basically put the party was split into two camps - the extremely
good-looking actors/celebs, show offs.. and then the ordinary looking folk who,
well put up the money so the good-looking ones can show off!
David S ended up surrounded by a bevvy of beauties all competing for his
attention. He has a number of burly bodyguards who he has to take with him
everywhere. (Phew - glad I'm not a big star in that case).
I met some interesting people. One elderly lady impressario with some
great stories of days gone by.
Also a lawyer who works on some of the big financial deals. And this is
hilarious and I quote him directly:
'Financial journalists are the laziest people I have ever come across.
They do no work, re-hash press releases and most of their other stories are
completely inaccurate!'
Having been a financial journalist he is absolutely right!! You see
editors don't really care much about the financial part of their papers so
finance hacks get away mainly with writing crap. Or they just phone 'experts' to
get easy stories. Bear this in mind when you read things in the financial pages!
Anyway had a great time and we rolled home at 1am. I must have had about
four cocktails and right now I feel like crap - just as well the markets are
going so well for me as that gives me the energy to keep going!
Roxboro bought at 381, sold at 426. Carrs bought at 504.5 now 542p.
All these shares are rising rapidly at the moment and I'm glad I was brave
enough to buy them at rock bottom prices when everything looked bad.
Plenty of others rising for me today as well including
Cattles which was in the doghouse
is now actually showing a profit. Again, glad I had the guts to hang on.
VP made a good rise
yesterday afternoon and apart from Chime
and my insurance, the Ftse short,
the portfolio looks outstanding.
Burren is rising strongly
after a confident AGM statement today, all looks tickety boo there. It should
get up to at least 535p again.
Carrs and
Dart simply are rising daily and
Kier is still one of the most
undervalued shares on the market.
A couple of new trades made yesterday afternoon - firstly I've completely
changed positions on Derwent Valley
and gone long instead of short!!
And I re-shorted Blacks Leisure (BSLA)
for £25 a point at
423p, stop loss
440p, target
390p. The chart looks like a
right state, the only possible rescue would be a bid but that looks unlikely.
Tuesday 24th May
Off to the opening night of a new play in the West End starring Friends
actor David Schwimmer and then off to the party afterwards, thanks to my
sister who runs most of the West End theatres as she's the head honcho at Really
Useful Theatres!
We've got great seats in row 2 and Elizabeth is very keen to meet
Schwimmer as she's a fan of Friends (though I'm not). I just hope it's as good
as the last showbiz do we went to where Christian Slater led the karoke.
And with that disgraceful and possibly pathetic bout of showing off and
name dropping (oh come on, I don't do it that much) let's move on to finance!!
But sod it eh! I feel like a master trader after my
Roxboro buy. Remember this was my
last buy at 381 just a couple of days ago. This was a top up to my buy of some
time ago at 335p.
Well, late yesterday the shares zoomed up 22p..and again pre market
another 30p racing right through my target of 420p.
I dug around to find out why and saw The Guardian had said it was up
because of bid rumours.
So I put in a sell order for all my shares. I missed the very best price
of the day 435p - but I did grab 426.44p.
My decision proved correct as the company put out a statement it has received an
approach - but for just parts of the company! So the shares backed off!
So anyway that's a profit of £681 on the shares bought a few days ago -
and a massive £2,286 profit on the shares bought quite a while ago. That makes a
total profit taken for the site today of
£2,967. Very nice! Now if only I could do this on every trade I make I
would be a happy man!
My other recent top ups in Carrs and Dart are going well too, both rising
nicely again today. Dart's rise
above 300p looks good and Carrs
is leaping up ten points a day. Both top-ups look well-timed.
Emerald is doing its best
to get past the tricky 170p area - tried a couple of times today, worth holding
because if it can, 200 beckons again.
Another recent buys Burren
and Kier both look strong. Kier
in particular is gaining ground and looks one of the most undervalued shares on
the market.
Telecom Plus looks
interesting at 225p - a break up could see 255p, a break down 200p - take your
pick!
A few ask about my FTSE short which is currently in doo doo land. This
trade was always made as an insurance policy - obviously I'm paying the price
right now but I still feel a FTSE fall is on the cards sometimes this year and
the short could still end up in profit.
Monday 23rd May
'Egg and bacon sandwich.. eggs must be runny/hard, medium...' 'Bacon well
done/not well done, fat cut off....'
But I have to say what delightful fans! No hint of anyone being scared or
any violence, just a good-natured crowd (and we took four times more than normal
on a Sunday!).
I've got a busy social week! A night out tomorrow night at the theatre and
on Friday I've accepted an invite from Sporting Index to go and watch the test
match.
'What's your opinion of some of the scare stories that have been on
financial bulletin boards ever since the dot.com bubble burst?
Are we doomed to economic misery for decades, or is there some fundamental
reason for us all to be bullish? If so, I'm struggling to see it. The footsie
closed at its all time high on the last trading day of the last millennium; when
will this be surpassed? 20 years, 50, never???
All our proper manufacturing jobs have gone East and new technology means
many service sector jobs can follow, going to Indian call centres or wherever.
Selling each other hamburgers and scratchcards like we do, and having an army of
lawyers, accountants and personnel specialists as support cannot surely be a
good foundation on which to build?
However the top up shares I expect to sell at a profit sooner than later
rather than hold long-term in case the market turns sour again.In fact pretty
much all the recent buys are going well.
Admiral has proved an
excellent spreadbet buy, it's simply risen and risen though I'm thinking about
taking the excellent profits soon.
I decided to take a loss of £270
in my Intercontinental short as
it went through the stop loss over the last couple of days and I exited at
657. Always better to take small
losses quickly instead of letting them run up to bigger ones.
Emerald in particular looks
bullish today with a massive push through 150 - the next sticky point is the 170
area. Burren is trying hard to
get over that 500 area again - it really needs to to get moving again.
Telecom Plus is up and down
ahead of results due soon - will be interesting to see them.
Croda in the chemicals sector is
going well too. In fact nothing really in the doghouse today.
Friday 20th May
He's a really great and funny guy, his autobiography is a great read. Good
party too - met some very interesting people.
John is a new father at 59 years of age! His baby is two months , four
months younger than Christopher so I've been teaching him a few tricks!
Due to the party and doing lots of baby feeding/getting to sleep duties,
my mail box has got completely clogged up with more than 100 messages.
This is a share ignored by the smaller investor (except for me) but my
original buy in the low 300s has served me well and over the weeks ahead this
one I believe will rise slowly even in gloomy market conditions.
It's already shown great resilience when market conditions turn sour. The
next statement looks like it's going to be pretty good and I expect to tuck this
away for a while. There's also the chances of a bid with one shareholder holding
just under the 30% needed to spark a bid.
It's just the kind of decent share worth tucking away in a portfolio - it
will never excite smaller punters as there are no thrilling new technologies,
etc but it's just a great cash earner and one to have on your side.
Yesterday's buys Carrs and
Dart are doing nicely today,
especially Carrs. Just need the last of the tipster sellers out of the way for
Dart to see it shoot up back through the 300p mark.
Burren and
Emerald are doing their best to
break through resistance points - Burren at 500 and Emerald at 150. Also going
well are Admiral and
Croda while
Cattles and
Chime remain disappointing.
Past Commentaries
Friday 15th April 2005 to Thursday 19th May 2005
Monday 03rd March 2005 to Wendesday, 13th April 2005
Monday 31th January 2005 to Friday, 25th February 2005
Wendesday 29th December 2005 to Friday 30th January 2005
Thursday 4th November to Friday 24th December
Monday 11th October to Thursday 4th November
Friday 13th August to Friday 8th October
Monday 05th July 2004 to Friday 30th July
Tuesday Monday 21th June 2004 to Friday 2nd July 2004
Tuesday 01st June 2004 to Friday 18th June 2004
The "Ads by Google" are just ads and help support the free information aspect of this site. You'll have to do your own research to decide whether those companies are reliable or not.