Quiet time for me. I try not to do anything on hols if I can avoid it and there wasn't much calling out to me.
I was away for a few days travelling in Spain and if I can, I leave things alone but make sure stops are there on the shares higher up the market.
A bit like Brexit where nothing else matters or is happening the latest China Vs US Trade war seems all that matters to shares!
Keep an eye on what the mad king (sorry just watched Game of Thrones) D.Trump tweets!
He'll move a share price for you just by writing something that he just thought!
Let's all hope it's not "Let's nuke China".
Hey man... I'm feeling all laid back... hey I can see the colours, dude.. can you see the colours?
Yes, I bought some cannabis. Not from the dodgy guy down the road (at that price, you've got to be kidding).
Well, the cannabis index provided by IG. It's like the FTSE 100 of cannabis shares.
It means I can have exposure to cannabis (!) without having to pick a specific share. (Search for cannabis index).
Though frankly I've not made enough to buy a single roll up yet. I'll let you know how it goes - when I can be arsed to.
After selling ITV (LON:ITV) (well the computer did it for me on a stop) I bought some back yesterday, it looks on the ropes which is the exact time you might expect a bidding war.
I was in Spain on the ITV report day - I'd put stops around break even and that paid off. Well, kind of, I could have taken a nice profit just the day before. So the final positions were taken out in my absence at around break even. (one slight loss one slight profit). I'm glad, as without stops the temptation might have been to hold on. But, I did pick up a massive 5p dividend on them so in real life, the trades yielded a reasonable profit inc the div.
I always feel with ITV once a bidding war starts the bid price could be huge. To add live TV and new production facilities should be very tempting for any number of big money cos.
However if it obviously continues sliding then I'll be out.
I added some more Synthomer (LON:SYNT) on current weakness.
They seem to be building support in the 390s and as long as that holds I'd be hopeful for a move up to 450.
I left a few buy orders on direct access on Gamma (LON:GAMA) (communications not the air one!) and only just noticed I got some the other day at the then sell price.
As mentioned previously I like this high quality company but the shares aren't cheap. However right now the market seems to want to pay for quality.
It's been knocking around 11 quid for a while but there seems to be sellers in the 1120 area. I'm hoping those get cleared for a move up to 1200.
I've bought some Andrews Sykes (LON:ASW). I like the rising figures, the nice 4% dividend, the cash, and it gets 100/100 at stocko for quality (never seen that before) but there is a problem.. it's hard to buy a significant amount. And the spread breaks my usual rule - though only just as actually when I bought this morning it was showing 610-670 but you could sell at 630 and buy at 665 (up to 500 shares)
I wanted to get 1,000 shares but that would cost 680p. So I got the 500 shares instead at 665p today but for my pot it's a small amount. If anything bad occurred it would be hard to sell the shares and if I want to buy a decent amount I'd have to pay way over the odds. It is really annoying as it's not a tiny small cap - the market cap is nearly £300m half way to being a FTSE 250.
Most shares at this level would have a much smaller spread and easy to buy and sell in bigger quantities. It seems a shame for the company as most will avoid because of the poor liquidity. Shame, as otherwise would have bought a much bigger lot.
Anyhow I'll stop moaning. It goes ex dividend for a very nice 11.9p on the 30th of this month, the payment will be received with thanks.
Uber joined lyft as a short on the US market. Both companies look massively overvalued for now, anyhow.
888 had to be axed for a loss of £160. I really should have sold it much longer ago and raised the stop. Bad boy. Naughty boy. No twix for me.
Ig Design (LON:IGR) went for a profit of £760. It just couldn't get above 610. Sadly it came down a bit before I sold, but I rarely get a top as I'm usually waiting to see if there is more.
Elsewhere AB Dynamics (LON:ABDP) is a top performer with a profit of many thousands for me having doubled and a lot more. Obviously its rating has moved up but looks like traders are willing to pay for the quality and likely future prospects.
Sopheon (LON:SPE) shares are heading up again - yesterday it announced a further foothold in Asia - its softwarewill be used at a Thai petrochemicals firm, could be a lot more upside.
Cineworld (LON:CINE) shares are on the up again after a decent update yesterday. Network Int spiked up and down but for the moment it looks like a nice uptrend.
XP Power (LON:XPP) shares still power on with 3000 looking a likely target.