Well, they just keep going! September is usually a bit crap but it's not been bad! Ok, then it is a bit crap...
One or two new trade ideas I hadn't thought of came up at the seminar last Friday which was rather handy...
I met someone there who had lost quite a few quid trying to day trade. And worse, using CFD's (taxable).
Don't!!! You may well have some amazing wins but in the end you will lose. (95% lose in the end and 99% of Forex traders lose - fact!) Anyway luckily he already stopped.
If you don't believe me check out some of the stories in my psychology book Trade Like A Shark.
Interesting mail from someone along the lines of how can you tell when a market crash is about to happen, when to short etc? You can't tell of course.
I just try and follow it. I have some quite large FTSE shorts opened in the 7450-7550 as a cover as those coming to the seminar saw.
Indeed currently up around £10,000 on those - stops are now all in profit which is brilliant so won't actually lose on any of those now.
Meanwhile should the FTSE sink further profits will be very substantial which would help with any shares downside.
I bought some shares in K3c. (LON:K3C) It's a share I always liked the look of after it floated but I was hoping I could get in on a big dip at some point. I also didn't like the spread.
Anyway tough luck on me, it started to go up again and so I gritted teeth and bought.
Then some excellent results came out so I bought and I also bought some more live at the seminar as we tested supply and demand using techniques I teach and discovered supply was tight.
Profits were up 18% and the cash has come in at £3.4m.
Dividend nicely higher too. Looking forward bar a market crash things look very bullish.
So I am in with a one to two year view targeting at least 250p for these shares which have the hallmark of a potential under the radar winner.
Exactly the opposite happened with Flowtech Fluidpower - (LON:FLO)
We looked at FLO this live at the seminar but as I explained there wasn't enough demand for the share to go up so I was waiting for a dip.
Which happened on Monday, looks like a seller around so I snapped some up 10p cheaper than if I hadn't been patient and waited. While profits haven't exactly boomed in the half year the future looks bright.
Net debt has halved since a fund raising and it's going to grow by trying to acquire other companies. It is trying to cement itself as a leader in the fluid power sector and it looks cheap.
Happy to get a decent price and there is support in the 120 area. Like K3C looking for a longish-term isa tuckaway on this one.
I quite understand a lot of you thinking about these two buys "Boringggg...."
But I became an ISA millionaire (smug show off bastard!) via the boring route and it is amazing how some boring companies can still double in value and a lot more!
Ramsdens (LON:RFX) has been on a roll - and this is interesting as it is a bit of a gold price play. I already am very well up on this share ans as you know I am an averager-up! Despite the rises happy to be in for more.
Some very good revenue steams and there is nothing quite like the phrase "significantly ahead of market expectations".
Looks like the next report will be strong and I expect more rises.
I've made decent money in Photo-Me (LON:PHTM) over the years first buying in 2009 ! It's a great business but can be frustrating as it tends to do nothing for a while then suddenly out of nowhere heads higher! It was heading higher at last week's seminar so bought a few. It isn't just photo booths - it has a new laundry business that is already doing well, and tons of cash.
The coin op laundry can be found in places like supermarkets (Get your duvet cleaned while you shop) and festivals. Anyway I am in and it is a long-term view as it is a very well run business.
I've been in Avon Rubber (LON:AVON) a few times making good profits and still hold some from way back. Pretty decent report last week and even better the price looks to be around a good support level which makes it easy to buy and get out quick should it go wrong.
A bit of a weird mix of masks for armies and dairy cattle machinery! However both segments are doing well.
I also gather the masks are quite popular at certain adult parties in Essex and Surrey. No idea why I haven't had an invite.
Anyhow I am after a rise up and over a tenner perhaps up to 11 or 12 again. Media stocks are on the rise including ITV which I bought last time.
But Entertainment One (LON:ETO) hasn't done much for months.. but suddenly it appears to be going up so I am in for more. Got some decent profit on paper but this one to me is one I am patiently waiting to be bid for. (320-350?)
Alliance Pharma (LON:APH) continues to look interesting and done a final top up. Looks like a brilliant long-term hold and one with considerable upside potential. Of course drugs firms always carry risk but one decent approval would do it. At the seminar long-term hold Photo
Onto some sells - SOM has proved a great buy but it just didn't seem to want to go higher for now so I sold taking a very nice profit of £4,123. Sag busted through target so after a nice move banked a profit of £1,425. Page struggles to get above 500 so sold for a profit of £231. Results from Vanl were ok but not storming so decided to take a small profit of £350. Killed off the last of the Dty for now for a profit of £6,219 as its downtrend doesn't seem to be stopping at the mo.
All in all a profit banked for the website of £12,348.
Elsewhere great results from YU group were I am up more than £15,000 on the site positions. Looks like more to come.
Everyman Cinema has raised loads of cash to create many more cinemas. The placing was oversubscribed which shows a lot of managers think Everyman is on the right road. Continues as a long-term hold.
Ten Entertainment bowled some nice figures - at some point I think it will be bought. Animo is coming up with lots of new deals that look promising, one in Finland and one in Germany,.
Microgen and Burford Capital hold onto massive gains well. Considering it was a quiet summer today's IG Group statement reads well. The market seemed unconvinced earlier doors but now it is trading well higher. I wonder if it can manage a run up to 700.
Very decent results from Scisys today, they are up but should really be higher.
Safecharge came up with a decent half year report, it is sensibly going to focus on higher quality customers - a very good move - it should either go naturally higher or get bought out.
Right time to prepare for my massive weekend of football by sleeping a lot!
I wish you all well and remind you September can be horrible so only make a long trade if you really think it is a good un.