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The Greece situation has caused a lot of volatility but markets are bouncing back
Oh blimey. To be honest I dread having to write this when I've done a lot of trades.
Especially when it's summer. Honestly I'd rather go and sit in the garden then go through my accounts trying to figure out what I traded.
Especially after a seminar when it tends to be more than normal as things came up.
And I'm feeling really lazy - for more on my lazy feelings right now see the diary! You're very lucky to be getting this update at all when I'd rather be sitting in the garden in the sun with a Pimms.
Anyway it's been a nice profitable few days for me. The Greece situation has caused a lot of volatility but markets are bouncing back.
However, I do wonder now the Greek bailout is out of the way whether the markets after the recent rally will have another look and think is the bailout so great? Aren't we storing up more problems further down the road? I think I might try another FTSE short.
Oh my goodness - as I write this Charter has just been bid for!! At 780! Bet it will go higher than that.
And I got them at just 515 on the spreads so that is currently a quick fire profit of over £2,500. As those of you came to the seminar saw from my live spreadbetting accounts I actually have £30 a point so real-life profits are over £7,500 - nice work for a couple of weeks. That has put me in a good mood!
Ok, I'll stop getting excited about that and look at other trades. Buys first.
Dominos Pizza came up at the seminar (LON:DOM). It's been heading down for a long time, not surprising as it was well overcooked (gettit). But having a good look at it at the seminar it now looks fantastic value and so I bought 2,000 at 383.2 for what I think could be a nice run up to 450, possibly a fiver. Some decent buying coming in ahead of results in a couple of weeks too. Some growth in Germany looks a really good buy for me. Let's hope I get a pizza the action. Let's face it selling what is really cheese on toast for £15 is good going.
Also at the seminar noted some big trades going on in Aegis (LON;AGS) and bought 3,000 at 157.6. They're selling off a division which the market seems to like.
I like the look of Coastal Energy (LON:CEO) which I already bought a while back for my high risk pension, this time I bought for the ISA getting 1,000 CEO at 470p.
This isn't some dodgy small oiler, this is one that makes real profits and is in the FTSE 250 and keeps coming up with the goods. Oil fans will hate it cos it's not trading at under 30p. Not can they imagine doubling their money on it but with patience I think I can, and targetting a tenner in time.
Coastal keeps on coming up with good well statements and yesterday's was no exception. I think a re-rating is likely on this one and soon.
Talking oil stocks but moving to the smaller end dodgier end of the market, Aminex (LON:AEX) could be oversold and I nipped 50,000 at 6.45p. Of course this one is risky but at this sort of price could have a nice bit of upside but it's more an entertainment trade than a proper investment. I'd kick out fast if it dipped much below 6p.
Shorts...(betting on shares to go down)
Inmarsat (LON:ISAT) came up on a screen for shorts at the seminar. This share is not a happy one and isn't even going up on up days so I've shorted for a tenner at 451 targetting 400 intitially then maybe 350.
Ocado (LON:OCDO) came up with a dire statement, worse than I thought so I shorted some more getting another 30 at 191. No idea why it went up. A director has bought some which has pushed it back up. I can't see it's worth more than a quid and in very good profit now on the original short I made last week. Can't be long before it tanks properly. It looks to be like it is being held above the float price artificially.
I sold Sepura (LON:SEPU) at 54.65 for a profit of £1,487. The statement was inline and okay but there wasn't enough upbeat noises to keep me in for now but one to return to later this year probably.
Oh and for those that came to the seminar you may remember when we were going through the auto stops I have with Tradefair I'd lowered the ftse short stop into a profit and indeed it got hit on Sunday night at 5790 for a nice profit of nearly £250.
However I think I am going to take another short out as it would be no surprise if we test 5700 again.
PORTFOLIO HIGHLIGHTS
Recent buys do fine, well actually really fine now Charter has been bid for - my second bid this month after Laird (LON:LRD) - in fact both companies in real life together have made me quickfire profits of over £12,000.
Even better, if offers get raised both companies could make me even more than that, I would hope to close out both positions this summer with profits of more than £15,000. Fantastic!
I guess I hit a bit lucky with both you could say, but maybe you make your own luck?
Away from these two cracking results for me, Oxford Instruments (LON:OXID) goes well as it heads above 900. Hoping for at least a tenner there. Character has headed nicely higher too.
So does wonderful Microgen (LON:MCGN) where I topped up. Microgen remains a cracker and some lovely profits of more than £20,000 for the site. What a lovely share this has been since I bought it live at a seminar at 45p. It holds its value and slowly advances. Up again today, and it has also paid out some nice dividends.
Ms International (LON:MSI) and Latchways (LON:LTC) have both climbed nicely.
Excellent statements from two longer-term holds today, Photo Me (ASX:PTO) and Anite (LON:AIE). Photo me appears to be finding some new markets and management seems right on the ball here. Into a very decent profit now on this one and after today's rise looks like an easy one to hold onto for more profit.
Nice report too from Anite, which didn't move much but that's because it already went up a lot before today's results. Great profit here and again with the great growth prospects worth holding on.
Long-term slightly boring hold Bioquel (LON:BQE) seems to be picking up new contracts and another one announced today and it is on the up, nearly topped up. Exillon (LON:EXI) my energy play has jumped a lot higher today after another encouraging well report. Also Porvair (LON:PVR) came up with good figures, I have doubled on that one now
Telecom Plus (LON:TEP) as I suspected has gone quiet between 600 and 700. Day to day price action doesn't interest me and indeed I hardly ever glance at is as I think I'll be selling these shares one day in the 1500-2000 area. Just a question of waiting. Website profit for the shares must be well over £30,000 though I'm too lazy to add it up. Profits in real life are nearer £150,000.
Alternative Networks (LON:AN) heads back up after the profit takers have done. This one I feel is a bit like Telecom Plus were barring an exceptional event it ought to carry on higher with profits and dividends just keep rising . I would expect them to hit 400 within a year.
Volex (LON:VLX) held very well when the market tanked and that is a good sign. it's on the rise again. Hyder has pushed on over 400 so resisted the urge to bank some nice profits. Capital Drill (LON:CAPD) has started to rise again and keeps announcing contracts. A nice rise yesterday. Continues to look a nice long-term hold ignoring short-term fluctuations.
Gresham is quietly still going higher under the radar! It's gradually lifting unnoticed by the market, which is fine by me!
The short in Linkedin (NYSE:LNKD) is going very well indeed with profits of over £2,000 already! It is shortable again with Tradefair who I used. And the Mothercare (LON;MTC) short remains in a good profit.
Entertainment One (LON:ETO) tries to rise but doesn't seem to want to go higher for now even though it came up with an excellent statement, Peppa Pig is booming in the USA and it looks alike a great share to hold onto long term. A library worth a fortune too. I reckon it will power up to 200 odd from here in time.
TT Electronics (LON:TTG) hasn't done much for me yet but 200p looks like becoming support.
London Capital Group (LON:LCG) can't seem to hit over 80p for now. The Vitec Group (LON:VTC), an unsung hero of the portfolio reported great results and I'm up and over £4,000 profit here. Looks good for a few more points. Electrocomponents (LON:ECM) has been disappointing and it's heading towards a yellow.
Dialight (LON:DIA) can't crack the 750 though support in the low 700s. it is expanding into Japan. The website holds profits of nearly £40,000. In reality, as those who've come to seminars have seen, my profits actually way greater than this.
Similar story with Carclo (LON:CAR) this is a nice long-term hold where I have doubled my money. Avon Rubber (LON:AVON) holds well, already up more than 30% since buying recently, it has support now at 300. It's trying to push higher.
Kentz (LON:KENZ) goes from strength to strength and is going to move to the main market and about time. Once it does will get some in my ISA. Until then happy to hold in a spreadbet where I'm in profit by over £5.000. It's weakened a bit but that is good as dying to get some in the isa! Affero (CVE:AUR) top up was a disaster and it fell so fast I totally missed it. Terrible decision by me, the only upside is the other position together with the free shares are still nicely in profit.
Yule Catto (LON:YULC) has at last picked up after some poor days and looks like it has bottomed at 200 and seems very undervalued. It couldn't get over 230 though but picked up a dividend there. BTG (LON:BCG), long-termer continues to look good has nicely doubled and looks strong this week after another good statement.
Petrofac (LON:PFC) remains a core hold. Though easy for me to say that as I bought in the 350 area. Together with spinoff Enquest (LON:ENQ) sees me sitting on profits of £30,000.
