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With no stinkers in the current portfolio I have never ever made so much money so quickly

With no stinkers in the current portfolio I have never ever made so much money so quickly

Well, it's been a long time since I last updated so as you can imagine there is a lot to get through!
 
Trading in South Africa is a lot nicer, the markets open at 10am which is fab - can have a lovely hotel breakfast then watch the opening! And close is 6.30pm so can look at the close after coming home from the pool or beach!
 
So in general just went in about three times a day, it didn't really affect the holiday but I did make some trades! However I probably made less trades than I would have done back at home. And I made some trades once I got home too.
 
It has been an amazing market since I left. I can never remember making so much money so fast since I started trading all those years ago. All I know is I think there's £60,000 or more in my accounts than there was when I left for my hols.
 
Right as you can imagine there is quite a lot to get through. In fact tons, I've tried to remember to cover everything. I probably haven't but done my best as it's been a nightmare trying to go through accounts.
 
To buys first.
 
I took up the excellent Yule Catto (YULC) rights issue so that gives me 2,666 more Yule shares at 116p and on the spreadbets that gives me another £65 a point at 116. Looks like a brilliant buy for Yule which will transform it into a much bigger company and looks like an excellent hold probably for a couple of years. I would expect to see the shares double from here in time.
 
I've gradually been buying up some of the shares that I had on the shortlist at the last seminar.
 
I've this week bought 10,000 Sepura (SEPU) at 42p. Looks an interesting little play, seems to have bottomed out at the 40p mark and is on the rise at the moment, looks a decent recovery play to small stakes. Fundamentally at this sort of price it looks pretty sounds to me. However whenever something has fallen so much there is always a risk element. Target 60 stop 38.
 
I bought into Filtronic (FTC) -  one that was on the seminar shortlist.. I bought because it's a company that is transforming itself into more or less a brand new company in the 4g market - it has potential to double I think from here. I got 10,000 at 39.8p Target 80 stop 34. I like companies that are turning into different companies and often it's possible to get a really good return if the new business starts to shine. It's going up very well right now.
 
I bought £20 on the spreads of CPP Group (CPP) at 299. A strong statement from the company and great growth prospects. Target 360 stop 280. It's in the credit card insurance market and is becoming the dominant player and it's a nice high margin business. Also the market appears to be waking up to the potential here!
 
As those of you who get my SIPP email I already bought Emed Mining (EMED) for my sipp at 8pish and that doubled for me to 16p but for the first time I could get some for the ISA so I bought more getting 40,000 at 16.31p - Emed looks to have very good prospects and it gives me a bit more exposure to mining for the ISA and with it now being very liquid I feel I can add this in for the site as well as the sipp. Target 30  stop 12.
 
As those who have followed the site for years know I love adding to shares that have already done well for me and this continues in 2011
 
So I added to Chime (CHW)  which has already doubled and more for me getting a fresh lot this time on spreads getting £20 at 219. Target 260 stop 195. Looks very cheap even after the double.
 
I've also added to Exillon (EXI) - It looked good when it broke convincingly thought 300 and so I got another £15 on the spreads at 335. Target 500 stop 300. It joined the FTSE 250 but it is very volatile so quite hard to get in at the right time, I would expect to stick with it for a bit.
 
And good old Kentz - (KENZ)  profits of nearly £5,000 there now, no reason to sell and every reason to top up with another £20 at 342. Looks like another 200p potential here looking out over a year or so. Target 450 stop 300. It came out with an ahead of expectations statement today. Looks strong and a possible bid candidate.
 
And I bought some Capital Drill (CAPD) getting 5,000 at 91. Seems to be another under the radar share that has yet to be discovered. Target 120 stop 80.
 
Right onto some sales. Not that many as I haven't seen any need to bank profits yet.
 
However Spirent hasn't been moving much and after much deliberation I've taken profits at last.
 
Very good profits indeed of £3,400 profits at 145. Doubled on it so that's nice but it seems to be struggling around this price so time to use the money elsewhere.
 
As usual I take losses fast if something does't go my way and did this on Abcam selling at 337 for a loss of £330. After thinking it looked good a question mark or two came up in a statement and so I closed. Supergroup went at 1472 for a loss of £365. Rather wish that hadn't been sold as the Xmas statement looked good.
 
And I took profits on 888, sadly not at 888 but at 58 for a profit of £920. It rose steeply while I was away because of early bid talks with Ladbrokes apparently a bid at 70p.  I usually tend to hold onto bid targets but the price action says a bid while possible isn't a dead cert either so it seems sensible to bank the profit now.
The newspaper gossip is Ladbrokes may pay 80p and if so selling is a bad move. Oh well, anyhow profit banked for now.
 
One way or another I sold out of all shorts except Betfair either letting them expire on Dec expiry or getting out as the Santa rally kept taking prices higher - there is no point in shorting in a rising market.
 
So shorts were closed out with profits or losses banked..
 
Davis at 418 (profit £35), Wincanton at 165 (profit £540) Ocado 172 (loss £90) Rightmove 782 (loss £125) Galliford 289 (profit £615).
 
Adding all that up brings a total profit banked for the site of £4,600.
 
Well. the portfolio shone brightly while I was away with some very big gains for me! There are so many that have leapt skywards!
 
Joint stars have to be Carclo and Dialight, both have shot up even more while I've been away. Dialight came up with an excellent statement this week stating it was ahead of expectations. Dialight has nearly quadrupled  for me - Those of you who came to one of the seminars might remember me buying that live at 140ish - now it is close to 600. The US government says it is going to be using LEDs for its traffic lights and says it will not be allowing tendering from foreign companies so Dialight looks set to benefit from the cash going in.
 
Carclo has broken out very well indeed and looks set to have a great year- there appears to have been a lot of buying of shares while I've been away which must be a good sign. Shame about the silly spread sometimes though. I've now doubled and a bit here and would hope to see it double again with its new technology still looking underrated by the market.
 
Other big star movers include  Porvair which has left 100 well behind and now in top profit. Exillon energy has boomed leaving me up 100 plus points and AZ electronic has sparked higher (gettit?)
 
Entertainment One has shot higher while I was away with patience there paying off. So too has
gamble Orosur Mining has nearly doubled for me in less than 3 months.
 
Splendid profits have continued to build in African Aura, - it will split into two companies soon  which looks a good move. The Betfair short has been a real winner! Massively in profit now.
 
Little gamble Asterand has gone nearly 50% higher for me and also hold onto its good gains.   Could be a nice winner for 2011 this one.
 
Essar Energy has gone up well while I was away and so do has IMI which made it into the FTSE 100.
Telecom Plus  has soared again and as I thought it would has hit 450. I would think it could hit 600 by year end.  Its new mobile deal looks incredible. Website profits are up and over £25,000.
 
Innovation has also risen well. Another possible good winner for 2011.
 
 Ocean Wilsons creeps up as usual! . 
 Recent buy AZ Electronics is beginning to shoot up well. Bought those at the last seminar. AZ Electronic makes sophisticated chemicals that are used in electronic goods such as semiconductors and smart phones and is used in ipads and iphones.  It has gone  into the FTSE 250. 
 
Fenner has also shot higher on an excellent statement and the same is true of oiler Afren which is now in a massive profit and nearly doubled there!
 
Cineworld produced a great report and has lifted up. Bioquel has been quiet. On the quiet side too, Communisis, Macfarlane and Centamin.  
 
The brilliant Volex has risen up to 370  and says dividends are on the way sooner than expected.     I've doubled on the original lots I bought in the low 100s and in a really super profit of over £13,000. 
 
Superstar Oiler Bowleven (BLVN) has also shot higher after a good drill update and is trying to tackle the 400 area.  Talking oils Cape is having a very good run too.
   
Long termer Heritage has also gone for the skies and up massively recently.   The Vitec Group is heading back up nicely and is trying to crack the 600 mark - been brilliant so far. Aggreko has also seen rises    
 Hyder carries on going up and   Xp Power has started another surge and up and over 1200! l  I bought this one at 164 a year and a half ago  with a profit of £16,000 plus. It goes to show if you can hold the good ones for a bit and resist the take profits temptation it can pay off big time!
 
Lovely Petrofac  remains a core hold and has soared. Together with spinoff  Enquest sees me sitting on profits way in excess of £30,000. Of course it's volatile but a strong uptrend remains intact.      
 
I don't know what to say. With no stinkers in the current portfolio I have never ever made so much money so quickly. However  of course the problem for me is when to start banking the profits. Perhaps that should be sooner than later but the biggest mistakes I made during a great 2010 was to bank too early.
 

Nakedtrader  was created after I left my full-time job as a finance editor for BskyB to trade full-time. I had been writing an diary page for its teletext service since 1998 and decided as I was leaving to transfer that to the internet.
 
These articles are simply a "diary" of my life, or what you would now call a "blog". I detail what I've bought, sold or shorted and briefly why. I use various spreadbetting companies and stockbrokers to carry out the trades. I ignore commission but also dividends and I reckon the two balance each other up.
 
So you should be aware this is not a "tipping" site and I do not consider myself, nor do I want to be, a "tipster". In other words tipsters will urge you to "buy" something - and they generally are regulated to do so by the FSA. I simply state I have already bought or sold something personally. Because of that I am not "regulated" - so I am not an authorised "tipster". I am simply a trader who states his positions.
 
That is quite a big difference. I am not allowed to give what is called "Individual investment advice". And quite right too - I am not trained to do so. What that also means is if you e-mail me and ask me anything along the lines of "Should I buy or sell this share?" I cannot answer you except to say it is your choice! Of course I am more than happy to answer anything to do with general market/educational questions.
 
You should understand I always have an interest, and sometimes a big interest, in any stock I talk about. For website purposes my buys will often be to smaller stakes than in reality. So although my buys are real enough, as are the prices, I can and often do buy much bigger stakes in the shares. I may also "top up" in shares without declaring it and I will  sometimes deal more often than I mention on the site - mainly because of time pressure, if markets are busy. So though the buys on the site are around the £5,000 mark I may well deal in reality is sizes of £10,000 - £30,000.
 
My reasoning for this is I simply do not want to encourage people to blindly follow me into something when they do not understand the potential risk. It's ok for me because I can afford to lose money I put into the market. It may not be the case for you.  I am generally a medium term investor holding my shares usually between 1 week and on occasions up to 3 years. Average holding time is probably about 3 months.
 
So one of my main messages is: don't be tempted to follow me blindly into my choices. Quite often, as I play momentum, a share I have bought may already be much higher than when I bought it, especially as I do not update every day. If you follow me blindly you may be buying at a much higher price and you may end up selling at a much lower one.
 
You should ALWAYS do your own research and come to your own decisions on share purchases. If you follow me into something and lose money, you only have yourself to blame and not me. You should learn about markets and understand what you are doing before entering them.
 
The most risky way of trading of all is spreadbetting, which I do quite a bit. You should carefully read all the warnings that the spread betting firms issue together with all the warnings in my books. And never, ever, play with money you cannot afford to lose.
 
The aim of this site is to entertain, and perhaps stimulate debate, and that is the condition of entry !I really hope you enjoy reading about my triumphs and mistakes, but please, just watch and enjoy my triumphs and learn from my mistakes. Consider this site as entertainment. If this is your first visit to the Nakedtrader website site, I thank you for visiting me, and hope you will find this site useful. 
 
After reading and agreeing to the disclaimer, click the "I accept" button below. Please remember, I cannot give any specific advice, as to whether you should buy, hold or sell any individual share.
 
"The investments and other products referred to on the Naked Trader website should in no way be considered "advice" to buy or sell anything.  Naked Trader information is given in general terms only and does not constitute personal advice to any individual.  Investors are responsible for formulating and applying their own strategies based on their own personal circumstances. Naked Trader recommends that you obtain independent financial advice from an FSA-authorised intermediary before investing money.  Information given in previous editions of Naked Trader daily updates may become outdated and should not be relied upon unless confirmed by recent comment
 
 

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