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A pretty good couple of weeks for the portfolio with some reasonable risers
Well, there we are, as per usual the FTSE stays around 5,700 to 6,000. It's been a whole lot of nothing in the end this year despite some vicious ups and downs.
There's been fear and greed big moves in the FTSE often daily but look over a few weeks and in the end not much is happening.
I'm not much cop with FTSE trades but recently it has actually been easy: buy in the 5700s, sell when it gets near 6000. So I made some nice FTSE trades which I won't bother you with here, my nicest being a £2,000 win buying for a tenner at 5750ish and selling at 5950 ish.
Thinking about a quick short at the moment. The market overeacts to any bit of news. Now I think we're waiting to see about US debt. I guess we have to be on the lookout for any real downside under 5700 in which case it might be a time to bank some profits.
But as usual I'll try and follow things and not second guess. The odds are at some point it will either go down through 5700 for the bad times or up through 6100 for the good times. Place your bets, ladies and gentlemen. However neither would it me surprise if the year just ended up flat ... and around 6,000!
In general although the market appears flat overall it has been pretty good for both quick and in out daytraders (nice bits of volatility - not my scene) and for individual stock pickers too (my scene).
A pretty good couple of weeks for the portfolio with some reasonable risers. OK onto buys first!
I like the look of Paypoint (LON:PAY) getting 1,000 at 528.5. I think this could be in the right area at the right time. You may well see them being used by people at newsagents etc to pay bills. Nice rising profits, good balance sheet makes me think there is some upside potential here.
I've shorted Thomas Cook (LON:TMC) for £40 at 78. It just keeps putting out warnings and so a short here seems worthwhile, looking for an exit at about 60p. However kept the bet reasonably low as if it goes down much more it could look like a potential bid target.
At last! Kentz (LON:KENZ) is isable!! After doubling my money and more in spreadbets and in my pension on this lovely one I've been waiting for eternity for it to move to the main market which it did on Friday and grabbed 1,000 at 460. I'm probably going to add a few more this week hopefully on any weakness as would love to get some in the Isa in the lower 400s if I could. I've gabbed about this one many times.
But it will join the FTSE 250 in September and with a massive contract it has won, this looks like a future FTSE 100 stock and with patience I believe a potential doubler from here even after good rises. A lovely buy and hold.
One last top up in the amazing Alternative Networks (LON:AN.) getting 1,000 at 294. It's amazing how if you find a good un, it's best to keep topping up. Already up nearly £8,000 on these and doubled now on the ones bought at around 150. Until and unless a question mark appears in this one, I'm staying in!
IG (ILON:GG) looks good value again and I got some on a spreadbet for a tenner at 409 on weakness. But probably only looking for a bounce to 475ish.
Well, the Domino Pizza (LON:DOM) trade was very satisfying indeed! It went straight over the 450 target and now at around 500 it looks fair value rather than the cheaper price it looked when I got them at 383. So I have banked at 488.5 for a lovely quick profit of £2,106. I also had quite a big spreadbet which netted me nearly £5,000 too. A real slice of the action. One I might trade again in the future.
I took profits on Impellam (LON:IPEL) at 370 for a profit of £600. Pretty good report and nothing more really than perhaps it's about right for now and I wanted to move the money elsewhere.... Bioquell (LON:BQE) sold at 110 for a profit of £180 - always shows promise but just doesn't move outside a tight band. Sold part Molins (LON:MLIN) for the same reason at 105 for a profit of £179. Topsliced some AZ at 288 for a profit of £446 leaving the rest to run (bit weak, just in case).
Spreadbets; TT (LON:TTG) couldn't conquer the 200 mark so out at 195 for a loss of £135, DS surprised me by being weak and I chopped at 243 for a loss of £80. (Look for a better entry there). Croda (LON:CRDA) went at 1960 for a profit of £1,130. (hit well over 2000 but started falling back, was too greedy).
Very happy I didn't get greedy and took nice profits of over £10,000 on the two bid targets Laird (LON:LRD) and Charter. Both a bit lower now - and both should be resolved by the next update, even if they do end up being bid for higher than I sold I still think it was right to bank the profit given the limited extra upside. Still it will be interesting to see they go for shortly.
Total profit banked for the website today is £4,247.
PORTFOLIO HIGHLIGHTS
Dialight (LON:DIA) came up with cracking interims. While the figures on their own make the share price look a little over, the point is the outlook - Dialight has an enormous market and in the US there's a market of over 200 million dollars in obstruction lighting and Dialight is the only approved supplier.
I think this is quite an easy one: despite the website holding profits of nearly £50,000 and in reality, as those who've come to seminars have seen, my profits actually way greater than this, for me it's simply a question of patience and I'm going to hold onto a company that has potential to become a giant and the really amazing rewards could come next year.
Supergroup profits are already over £5,000 as they approach my 1200 target. I'm getting tempted to bank part profit and wondering if there is a bit more to come. Tricky but probably sensible for me to take part profit soon. Very volatile though so hard to call.
The shorts all go well: Carpetright (LON:CPR), tullet prebon, Inmarsat and even Ocado (LON:OCDO) are all down on my entry prices and all remain looking a bit ropey so will stick with them. If Inmarsat hit 500 might be tempting to bank the profit then.
Telecom Plus (LON:TEP) remains doing its bit between 600 and 700. A nice fat cheque for over £6,000 is coming my way next week! And as usual it is unaffected by the main market moves.
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.
Gamble Filtronic (LON:FTC) holds higher. Coastal Energy (LON:CEO) is hitting highs. Oxford Instruments (LON:OXIG) goes well as it heads above 900. Hoping for at least a tenner there.
The wonderful Microgen (LON:MCGN) continues to go higher (and ignored by all private investors except me, not an exciting enough name!) It 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 and it has also paid out some nice dividends.
Ms International (LON:MSI) and Latchways (LON:LTC) have both held some decent gains. . Exillon (LON:EXI) my energy play has risen back to its high, can it break 450 though? Also Porvair (LON:PRV) came up with good figures, I have doubled on that one now.
Gresham (LON:GHT) announced a new contract and good results today. It is quietly still going higher under the radar! It's gradually lifting unnoticed by the market, which is fine by me Entertainment One (LON:ETO) has risen a few points. I reckon it will power up to 200 odd from here in time.
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.
Similar story with Carclo (LON:CAR) this is a nice long-term hold where I have doubled my money. There could be a lot of excitement about Carclo later in the year. Avon Rubber (LON:AVON) couldn't hold 300 now tests 280. Affero's (CVE:AUR) price continues to be nuts and is hard to value, still together with my free shares it goes back into a pretty decent profit even taking into account the loss on the top up.
Another good statement from BTG (LON:BGC), long-termer continues to look good has nicely doubled and looks strong recently 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.
