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For the moment a bad down day looks like a good time to buy

Published: 15:48 27 Feb 2013 GMT

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Markets

I knew it was going to be the mention of a country that would do it. Greece? That doesn't scare us!

Italy ! Help ! What's that? A comedian won loads of votes? 

Join the club, Italy, we've been voting for a bunch of comedians for years.

However at least for the moment anything you can say to the markets has a limited reaction. Okay it went down a lot but stabilised.

Iran making a bomb? Nothing. Feels like the market has heard all this before. It's going to take a real serious big story to take them hard down. Indeed for the moment a bad down day looks like a good time to buy.

Well, goodness me, I have emptied a lot of my accounts in the last two weeks as we are completing on a house on Friday and I have literally just wired £750,000 to pay for it. That includes £30k in "stamp duty" aka daylight robbery.

And I can keep what we have already which is close by and I can use as an office!

And it is all thanks to trading and I am deeply grateful. It's profits banked from the last three years mainly - I raided all my spreadbet accounts too and a little from the ISA but luckily not too much!

In the end I don't see the point of leaving too much cash in the bank, better to get some property with it I think. Right, just £150,000 to find now for the renovations! I need a few decent spreadbet wins.

Someone emailed me this week asking why my stakes were so low. Well, they tend to be a lot bigger in reality as those that come to seminars find out. 

Enough gabbing on.. onto some trades. 

As I mentioned last time when I took huge profits of over £5,000 in Greencore (GNC) I would love to buy them back at 90.

Well, goodness me what a wonderful opportunity came by and I grabbed it - getting not 90p but a brilliant 82.1 p and at 84. 

Shares tumbled after a report some horse was in one of its sauces. However that wasn't anywhere near worth a tumble from 115p to 82p ! 

Then the company said this product plus one or two withdrawn products amounted to a tiny amount of profit/turnover. This was an amazing chance to bag some shares at the totally wrong price and I took full advantage,

The only question is now when to take profits. I don't see why the shares should not soon get back to where they were before the alarm at 115p. At the moment they are horsing around the 100 mark.

I like the look of Filtrona's statement (LON:FLTR) - very nice indeed I thought and I think it could have a nice run up to 700p. I got mine at 596. They are still going higher and hardly blinked at the market melee of yesterday. So despite some nice gains for me already here more to come I think.

I also think CSR's prospects look pretty good and in for a spreadbet at 439. Quite volatile this one so a tricky one to manage but could easily hit 500 unless the market melts. 

Engineer Senior (LON:SNR) brought out a cracking report too and bagged some on a spreadbet at 225. Looks like there is some nice upside from here perhaps up to 270-300 though it might take a while. They are a bit volatile so care needed on setting a trailing stop on it. 

I've bought some more NMC Health (LON:NMC) at 265.6. Off the radar for most this one but I've already made profits of more than 30% on it and happy to average up with some more.

Excellent results yesterday with big rising profits and a confident outlook - it is very close to gaining entry to the FTSE 250 if it goes a little higher and could enter next month or in June which would give it another lift. 

And finally as you know I am a big fan of topping up shares I already hold that have already gone up a lot.

I topped up in Dialight (LON:DIA) this time on a spreadbet at 1132 as my ISA was fully invested at that moment. I remember so well buying these at 150 ish at a seminar in 2009 ! I never thought I'd still have them three years later at 12 quid - website profits are up and over £70,000 and personally profits over £100,000.

I bought loads in the 100s and 200s. So you might think I am crazy to buy more near 12 quid and really I ought to be grateful and bank the profits. But I think there is way more to come over the next couple of years.

Dialight reported this week, profits rising fast and its lighting segment is going to be a big winner.

The report is actually even better if you read it again and its presentation on lighting. Dialight now has an LED that lasts an amazing 20 years!

As Dialight says, think of all the big savings that can be made by big businesses, governments and councils. Instead of hiring scaffolding, people etc every 2 years, now it will be every 20. Compelling. And they have not yet even scratched the surface yet. I also think Dialight might well be taken over this year. I'm in and staying put and may even top up some more.

In the end I cashed in Cash Converters (LON:CCVU) selling at 83 on the last day before delisting. That banks a profit of £1,430 and £945 to bank a total profit of £2,375.

Shame as I think there is further to go but all ends up I decided not to go for holding an Australian share. Still, a nice profit. 

I also banked profits in Ffyfes at 52p for a profit of £588. And Msi went at 233 for a profit of £270.

Which leaves a total profit banked for the site of £3,233

(And for those of you who came to the last seminar and saw my massive spreadbet profit on US company 3d, I banked £25,000 profit in the 60s and have bought back after results and consolidation of shares at 30) 

PORTFOLIO HIGHLIGHTS

Well this year continues to be really good with everything pushing up further and while it is going up I'll roll with it.

"You've got to roll with it, you've got to take a chance..." That's a song isn't it?

Last few trades go well, Fenner and Booker. Booker is more long-term, Fenner (LON:FENR) I will bank hopefully soon. The recent Brammer (LON:BRAM) trade has been a big success so far.

Pendragon (LON:PDG) has motored up, looking for 25p on that one. The brilliant Low and Bonar (LON:LWB) has conquered 70p, dare I hold out for 80?

Filtronic (LON:FLTR) continues to rocket and appears to have settled for now in the low 60s. Profit are huge now, over £10,000 but it might be one of those shares that carries on going up so sticking in there.

Recent trade Huntsworth (LON:HNT) goes fine though nothing tremendous, it needs a break through 50 for a bit more. 

RWS (LON:RWS)continues to do well, up nearly 200 points on this one, nice. The spread is a bit of an irritant though.

LOQ (LON:LOQ)continues to do the business and has pushed through a fiver giving me a lovely five timer!! 

The lovely Porvair (LON:PRV) now flirts with 200 what a star trade... brilliant profits here and wondering if it can now tackle 200? 

Talking lovely, Coastal (LON:CEO) has been a fab trade, it and now more than trebled on this brilliant oil play. I suspect a bid will come in here this year at hopefully around the 1800-2000 mark. It has had a pullback the last few days on news of bad weather in January on its rigs. I think this is just a temporary blip. Those of you who saw my real trades at the seminar are aware profits for me personally are up and over £50,000 on this one.

Telecom Plus (LON:TEP) tries hard to get above the tricky tenner. All looks on track and I would expect a nice steady rise this year. It seems to have cracked the 900 area for now - cracking a tenner is going to take a few attempts, I would expect 1200 sometime later this year. Website profits of well over £100,000 and personal profits of more £300,000. I just continue a long-term holder. 

It is holding a big meeting with distributors with some big news for them in March.

Chime (LON:CHW) keeps on going up - a good few points higher this year and still in this from 50p so a nice times four and a great profit on the ones bought more recently in the 140s and the spreadbet. Kentz remains a massive disappointment, I guess the market doesn't like the sector, though I still think value will out eventually. 

Vislink (LON:VLK) is shooting up nicely and looking for it to go to 37p ish. Management already forecasts some nice profit rises over the next 3 years and it looks cheap and at some point should get a rerating. Very low risk too and it is in a hot sector.

Nichols (LON:NICL) where I now sit on a fabulous profit is up again after telling the market it is ahead of expectations - it has tons of cash so I'd expect them to announce some kind of big dividend with results in March. 

Trifast (LON:TRI) is having a remarkable run, it is tempting to look at taking some profit soon, I just wonder though whether it can get into the 60s first. 

I'm hoping for a bid soon on Alternative Networks (LON:AN.) (they already turned one bidder down) and in the meantime there has been great capital growth and a massive dividend as they have loads of cash. It's now trying to crack the tricky 300p area. Had a good go at it yesterday, nearly there!

Direct Line (LON:DLG) has proved a surprise nice winning trade and has sped over 200. I was thinking of taking profits at over 200 but it seems so strong staying with it for the mo. I laugh as I only bought because all the magazine tipsters said don't buy!

Sepura's (LON:SEPU) report wasn't enough to get it through the 100p area ..100 surely must be cracked sooner or later. Not quite yet. Mid 90s for now.

Iomart (LON:IOM)has really motored up recently - getting above 240 looks the next test.


 

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