|
Page under construction and will be dedicated to current action.
|
Main Portfolio Plans and Comments
|
Spread Betting Plans and Movements
|
|
Wk Beg Monday 11th July: Monday 11th July 2011
08.00: On we dither. ----------------------------------------------------------------------------------- Wk Beg Monday 4th July:
(FTSE: closed Friday 5989 up 214 on the two weeks; DOW: 12414 up 463 on the two weeks ; Main portfolio £88897 up £5,370 on the two week period, Total fund: £92,797 (including £3,800 for any new purchase): Expectations for the coming week: A lovely run whilst I am away. I think it may continue. ----------------------------------------------------------------------------- Friday 8th July
08.00: Dow closed at 93; Nikkei up 66 - not enough for an automatic advance, but legs, arms, fingers crossed to a great end to the week. Thursday 7th July 08.00: Expecting improvements 18.00: Delighted - up on the day £1,584. GAME Kenmare and the banks... jumping back, even MATRA rises a little... DOW up almost 100 at this time... if that goes good and the Far East follow then tommorow might be a very good day. Wednesday 6th July 08.00: USA was lacklustre; but the Nikkei went up 110 - 1.1% but might get further recovery here today, fingers severally crossed. 18.00: Regret - down £613 on the day. GAME Kenmare and the banks... bloody banks. Tuesday 5th July 08.00: Poor showing in Far East suggests no progress today. 18.00: Down £293 on the indifferent day. Silly Greece hangs over things... let the buggers default.. so what? As a country they are a financial pin-prick. Who would care if Thailand defaults. Greece are 30th in the world - about the same as busy Thailand... check it out: http://en.wikipedia.org/wiki/List_of_countries_by_GDP_(nominal) I'll go further... the GDP of Greece is less than the first quarter capitalisation of Apple!!!!!!!!!! Monday 4th July 08.00: Seems to be a general urge to rise... back above 6000 today for sure. 18.00: Up £647 on day. Market seemed to drift off in the closing half hour... but if the Far East closes up tomorrow and the DOW follows then maybe tomorrow could be really interesting... a big boost could take the FTSE to over 6,100 - and my broad portfolio will benefit... but my key shares for a real jump remain the damaged MATRA, Desire, LLOY and Game... see them go up and the cash will flow. -------------------------------------------------------------------------------------------------------------
Wk Beg Monday 13th June:
(FTSE: closed Friday 5765 down 90 on week; DOW: 11951 down 200 from a week ago ; Main portfolio £83627 (inc adju for extra Premier, see Tues last week below) (down £817 on week, Total fund: £87,427 (including £3,800 for any new purchase): Expectations for the coming week: Yet more declines I am afraid, perhaps a turn as the week regresses. ------------------------  Friday 17th June
08.00: What if Greece defaults? So what? Pennies in the global context. WE are throwing good money after bad, after Greek profligacy which is worse. It was the same with the banks in UK - Northern Rock should have gone down... the Government merely securing the money of any who had given the bank money. The pursuit of greed! Which is, of course, what I am doing. Looks like it will be another bad day at the office. 18.00: Down £54 on the day - with the DOW up 80 already you watch the weekend bugger it all up with fresh bad news. Thursday 16th June 18.00: Total reversal - not at screen today... down £1,600... Wedneday 15th June 08.00: Dow off its best with a rise of 123, but the Far East is flakey... Osborne nails the banks this evening - high hope. Pissed off that Northern Rock is going public. What about the shareholders who got robbed out by the Government in the first place? Expect a sideways market today. 18.00: Total reversal of yesterday and won £1,635 on the day with the DOW already off 150. Makes no sense to me at all. 18.15: Ah it was the jobless claims. Earlier in the day I misheard it and took the announcement to mean jobless claims were down, in fact they are up. In that case I bet a lot of the drop today is a mark down on the news and we shall get a recovery tomorrow... let's see. Watching GAME which has a Yield of 12% - sure sign of a dividend cut - but interesting. I have made money on GAME before and it is now in my re-purchase/add zone. Tuesday14th June 08.00: No doubt inspired by the magnificent increase of a single point on the DOW the whole of the Far East is up over night with the Nikei putting on just short of 100. Fancy we shall see a general rise on the FTSE despite the silly rating of CCC on Greece... probably an unjustified declaration of confidence. The Greeks have screwed up due to a general profligate attitude and failure to pay dues. Nemesis arrives and they do not like it. The situation can only get worse. But I think the markets have factored this in and other countries are taking note. 18.00: Up £1,334 on the day. Monday 13th June 08.00: Declines continue in Far East following miserable performance last week on the DOW. We must surely follow and another week of portfolio decay is foreseen. 18.00: Up £208 on the day. ---------------------------------------------------------------------------------------------- Wk Beg Monday 6th June:
(FTSE: closed Friday 5855 down 73 on week; DOW: 12151 down 250 from a week ago ; Main portfolio £8444 (inc adju for extra Premier, see Tues below) (down £175 on week, Total fund: £88,244 (including £3,800 for any new purchase): Expectations for the coming week: Further declines I am afraid. ------------------------ Friday 10th June
08.00: The Dow finished up 75, the Nikkei is also up a tad about 45 - cc. 0.5% but the rest of the Far East off a little. Hope we get some pull back here. Fascinated by the movement in DESIRE... have those directors sold and made a quick few grand? or was yesterday's sell off as ill advised as the previous day's rise? WE may learn more today. 18.00: Some slight earlier promise turned to nothing as the American market declined quick to around down 150 at one point, so I finished the day down £749 Thursday 9th June 08.00: The Dow finished off its highs and lows in a Bernanke dither down 21. The Far East tended to edge towards a fall, slightly, with the Nikkei rising, slightly. Feel that with the Moody babble will be treated the way it should be treated and the market will rise, out of spite if nothing else. 18.00: Down £612 on the day, almost entirely due to to a fall of 6p in Desire... those directors again? Wednesday 8th June 08.00: Well everywhere else is up a little... but the Dow fell away in late trading and Far East... perhaps another good day, but concerned at Dow drift off. Interesting that last week Directors in Desire bought shares, several tens of thousands each. Since the the share has risen 25%. Makes you wonder. 18.00: Down £175 on the day... the ravings of Moody, the tired face of Bernanke contrived to put people off... these are the ones who predicted everything would go wrong - NOT! We can take heart in the likelihood of the US really picking up now that Bernanke said otherwise - and the certain sure certainty that Moody will keep the AAA rating for the UK when the time comes - for it is only their opinion which, frankly, has become tainted at the least. BUY! Desire now up 40% since the Directors bought, last week. I bet they wish they'd bought more. Or have they sold already? Money for old oil. Tuesday 7th June 08.00: Dow closing off 61, Nikkei rising the same amount. Gloom is not dispelled. 09.15: Do I sense a strengthening in the market!? 11.30: Due to misfiling the arrival of the new Certificates for Premier Oil give me an extra 952 shares which I did not know I had... at about £4.50 each... nice. 18.00: Up £809 on the day... largely a rise of 5p in Desire Pet. Monday 6th June 08.00: General decline as gloom still dominates and I think a lot of shorting is going on. 18.00: Up £62 on the day ------------------------------------------------------------------------------------------------------------ Wk Beg Tuesday 31st May : Friday 3rd May
08:00: World still falling but slightly. 09.45: FTSE bit firmer. Added 2000 Desire at 0.14585. Now holding 14200. There has been a little bit of Director buying... presume they are not just throwing money away. 18.00: Finished the day up £124 which came as a surprise Thursday 2nd May 08:00: Far East dropping like a stone following a similar brick bat from the USA Dow down 2.2% on flight, and the Japanese Nikkei down1.7% on fears of a no confidence vote on the Prime Minister... who presumably caused the earthquake. 18.00: Down £297 on the day... largely due to a drop in BP - why? Wednesday 1st May 08:00: Far East rising further! Indications are for another good day on the FTSE... 08.15: Isn't it Sod's Law that on the day that MATRA runs into difficulty with both production wells and my little holding falls by £400 we have good news from Rockhopper and my little holding rises by £400. 18.00: Down £1,100 on the day, largely MATRA. Bought a further 10,000 at 0.0228, now have 130,000 - falls will be very painful, rises a delight. Tuesday 31st May 08:00: Far East on the rise! Nikkei up 2% - promising start. News from Desire sounds like propaganda to me. 18.00: Up £648 on the day. Further promise for tomorrow as worries over Greece and Ireland retreat, and the DOW at this time is up pushing a rise of 1% mirroring the FTSE. -------------------------------------------------------------------------------------------------------- Wk Beg Monday 23rd May :
(FTSE: closed Friday 5948 up23 on week; DOW: 12605 up 10 from a week ago ; Main portfolio £79488 (down £112 on week, Total fund: £84,088 (including £4,300 for any new purchase): Expectations for the coming week: Gloom to continue; terrible beginning last week but recovery in last couple of days... all will be countered this week in that the gloom across Europe because of the innate stupidity of the populations of Greece, and Spain, Italy and Portugal who think money grows in Germany and France... they have to bite the bullett... instead they are spitting it out. For the first time I am getting pessimistic; Socialist governments are popular when they are spending - so they spend. Must not lose one's head whilst others are losing theirs... this week... this month.... this year... -------------------------------------------------------------------------- Friday 27th May
08.00: Markets up generally so looking to a good day to finish the week. 09.00: Market doing well thus far up 63, another 60 and we are back to 6000. One big piece of good news and we shall be off... but of course something nasty could happen. This week I do not think there was a single result of any kind that met analysts expectations, whether it was a poorer or a better result. I wonder still how they always get it so very very very wrong... bit like me I guess. The only difference is that they get paid for their incompetence, whereas I lose or make money. 12.41: Something happening with Matra... been drifting down, but up 8% today... fingers crossed. 18.00: Up £856 on the day - even so on the week, another bad one down £429... but at least some recovery and next week seems to be building towards a good one. But who knows what might happen over the weekend and the Bank Holiday? Thursday 26th May 08.00: Dow finished up as did the FTSE a little bit with the Far East quite strongly up - hope to make further recovery today and probably tomorrow. Though I earlier in the week had a bout of pessimism I also feel that the market is badly over sold. 18.00: Up £71 on the day. Wednesday 25th May 08.00: Dow finished off its worst with losses about half of that of the FTSE - trend may be up. 18.00: Up £320 on the day Tuesday 24th May 08.00: Dow finished off its worst with losses about half of that of the FTSE - trend may be up. 18.00: Up £210 on the day Monday 23rd May 08.00: Not at computer bulk of last week... rather scared to be at it this week. 18.00: Down £1,886 on the day... not as bad as I expected. In fact maybe my own pessimism is overplayed. Consider... the contageon debt combined of Italy, Greece, Portugal and Ireland is about two thirds of the market capitalisation of Apple! ------------------------------------------------------------------------------------------------------- Wk Beg Monday 16th May : Monday 16th May Wk Beg Monday 9th May : Friday 13th May
08.00: A bad week, a bad month a bad year and it is Friday 13th. If she were alive I would go home to mother. 18.00: Following some growing promise I finished down £6 at the end of the day, watching in despair as the DOW loses 90 Thursday 12th May 08.00: In fact the DOW ended down 130 so we have another bad day on the edges. 18.00: Down £455 on the day Wednesday 11th May 08.00: Is the ralley I have been expecting upon us? 22.00: Down £231 on the day. Dow dropped 160 - tomorrow should drop here. Cannot understand why BP is being sold and marked down when, on the whole the news is good. BP has to be a buy! Tuesday 10th May 08.00: More gloom expected today but we ARE due for a reclaiming of territory after a long run a falls. Will be away most of the day so shall simply let it happen on the basis that the broad portfolio will pull through for me. 18.00: With the FTSE getting back above 6000 I am up £1,211 on the day. Monday 9th May 18.00 Not active today due to modem failure but down £735 on the day. ------------------------------------------------------------------------------------------------------------------------ Wk Beg Monday 2nd May : Friday 6th May:
08.00: It is all such nonsense... because of fears commodities are stocked, then a single monster-man is killed and there is a calculation that risk is reduced. Gold is sold, that haven; oil is sold because stocks are high, the sell off fires of a general sell off, and the market fall off to where they were a couple of weeks ago, and could even fall off to where they were at January before the black swans flew in... so what?... With a general decline everywhere could lose 200 points on the FTSE today. Thursday 5th May: 08.00: Further gloom I fear - but why - whatever... DOW fell 83 and so did virtually every market in the world albeit by small amounts, if open. 18.00: Ouch - down a further £1,615. I am getting a feeling of a big turnaround. Waves and troughs. Actually I'm drowning. Wednesday 4th May: 18.00: For me a black and miserable day again with a loss of £2,173. I sold 3,000 Kenmare resources at 0.4481 - profit of about 90%. I hope this will prove to be black magic for if I sell market, certainly the share promptly rises. Tuesday 3rd May: 08.00: No special leads... so maybe the market will be static after all.... dithering 18.00: Come back Bank Holidays, all is forgiven, at least I do not lose anything when the markets are closed: Down £1,147 today. Scary. The market has it right I guess - what difference does the death of one cowardly man make? ---------------------------------------------------------------------------------------------------- Wk Beg Monday25th April : Thursday 28th April
08.00: Though Japan is up around 150 and the the Dow closed 100 today should be slow here with no doubt most people off for a holiday which costs next to nothing with time but is bonused with the Wedding holidays... during which bonuses of another kind can be spent. Altogether I shall be glad when all this holiday stuff is over... but then I am retired and thus hate bank and national holidays of any kind. 18.00: Up £517 on the day... not further postings until next Tuesday. Wednesday 27th April: 08.00: Generally Far East a bit down, but the Nikkei was up 133 and the Dow finished up 115. BP made over 7 billion profit in a quarter... thus, as I have said before, the disaster in the Gulf was effectively one year of profits. BP has not followed the rise in oil, but has benefitted from it. Should be an interesting day today with some disappointing results from other companies... but don't the analysts always get it wrong anyway? It is the market which rules, no the pen pushers. As Margaret reminded us, you cannot buck the market, now who said that before she did?l 18.00: Down £314 on the day - ARM profits taken, same with Premier, and there is a strike with Kenmare... all conspiring to counter the recovery with GAME. Tuesday 26th April: What with Bank Holidays and the Royal Wedding - last week, this week, and next week are messy weeks from an investor/player's point of view. Will be glad when it is all over. 08.00: General declines of 0.5 to more with the Nikkei down around 100 - but off worst as our markets open. Maybe euphoria of the wedding will raise the markets, doubt it. 18.00: Up £414 on the day. --------------------------------------------------------------------------------------------------------------------------------- Wk Beg Monday18th April : Thursday 21st April
08.00: Further decline not expected as sentiment flips further and all of teh Far EAst (save Indonesia) are up and the DOW finish up 186 to say nothng of improving news from BP and rising Oil prices... still slightly surprised at poor progress of MATRA. 18.00: Down £249 on the day. A bad week. Wednesday 20thApril 08.00: Further decline not expected as sentiment flips 17.30: Recovered 1,651 today. DOW, as I write, up 193 - might do well again tomorrow. Tuesday 19th April 08.00: Declines expected on poor sentiment. 18.00: Down £227 on the day... sense change of sentiment. Desire the key. Monday 18th April 08.00: Declines expected on poor sentiment. 09.15: Another rotten well for Desire. Shares collapsed and I lose £2,500 in a flash... or at least the porfolio thus drops... so I added 2,000... at 0.168 for I still have faith in the company despite the wriggling of the board. Must attend the next AGM to ask how much the board will reward itself for further failures. Whilst a further well for Desire will not be until later in the year an eventual strike will rocket the shares toward £2/£3 - Rockhopper went to £5 remember and I had been buying at 30p. Downsite for my holding is limited to wipe-out of the specific share which represents, currently about 2% of the portfolio but the upside is considerable if Desire's luck turns. So I am sticking with it, and adding. 18.00: I think my worst day ever... down £5,207 on the day... the bulk of this is confined to Desire - down well over 60% -and thus more than £2,500 - but the whole of the portfolio is down about 4%. What did the great man say: 'irrational exhuberance' and so caused the big tech crash. I just sense this to be 'irrational sentiment'. Let's see where I stand at the end of the week. Time to buy! ----------------------------------------------------------------------- Wk Beg Monday11th April :
(FTSE: closed Friday remains over 6000 at 6055 up 50 - over 300 in three weeks; DOW: 12319 up 99 from a week ago - over 500 in two weeks; Main portfolio £88419 (up £1,175, Total fund: £91,719 (including £3,300 for any new purchase): Expectations for the coming week: Though things have only worsened at little across the globe (but Syrian has to be the next to produce a problem for the West - the world - does the UN intervene there? A somewhat different kettle of fish on the basis that the dictatorship is not governed by someone clinically insane). Expect some improvements on the week. Fond hope I hope not. -------------------------------------------------------------------------- Friday 15th April
08.00: Lacklustre again - looks like it was be a sad week - results-wise 18.00: Up £245 on the day. Thursday 14th April 08.00: Lacklustre everywhere and a poor opening expected with a drift down during the day. 18.00: Down £893 on the week so I am heading for a losing week after all. Wednesday 13th April: 08.50: Dow off its worst at 117; general rise in Europe following Far East lead with Nikkei up 85, despite impending horrors... hope the next three days will bring recovery to the portfolio... 18.00: Up £1227 regaining most of yesterday's loss. However the Dow, as their morning has worn on has fallen away a lot. Does not bode too well for tomorrow. Tuesday 12th April: 18.00: Away again and finished the day £1,381 down. Declines all over the place. What I cannot understand is that, more or less, bank news is good... yet LLOY just cannot progress; oil is up, BP is going to turn in huge profits, loads of things look like going good - and the price falls. No sense in it. But then there never is. The two big drops in the last couple of days have really been at the opening and are mark downs. Selling is not excessive. Irritating. Monday 11th April: 18.00: Year speeds on up £232 on the day with not buying or selling activity. ------------------------------------------------------------------------------------------------------- Wk Beg Monday 4 April :
(FTSE: closed Friday back up over 6000 at 6009 up 1019 - almost 300 in two weeks - from last week; DOW: 12319 up 99 from a week ago - over 500 in two weeks; Main portfolio £87244 (down £456, Total fund: £90,744 (including £3,500 for any new purchase): Expectations for the coming week: Too difficudlt to call with continuing upward flucuations in oil; the Middle East still very dodgy and Japan as yet unanswered with a bill of 200 billion dollars.... not at bad as a war, but bad enough. Yet out of all this there will be reconstruction and business, as unusual. Predicting a rise of 100 points on the week. --------------------------------------------------------------------------------------------- Friday 8th April
09.00: Far East up a bit and market progress a bit at the opening. 18.00: Nice end to the week with the portfolio up £1,334 on the day. MATRA recovered 0.3 - I was toying with adding some more but did not do so... never mind. Thursday 7th April 08.00: Far East lacking lustre across the board. Will be away from computer today... so will not see what looks like a similar performance here. 18.00: Internet connect lost all day... £490 Wednesday 6th April 08.00: Far East drifting down with the Nikkei down 31. Should see a FURTHER miserable performance here today 18.00: Up £544 on the day. Tuesday 5thApril 08.00: Far East prettywell in decline with the Nikkei down 103. Should see a miserable performance here today. 10.30: MATRA continues to decline but: Both wells are now producing oil in winter conditions with some attendant difficulties but are bringing up in excess of 200 bpd... this translates at 100$ (more at the moment) to a cash flow of $20,000 a day and on 300 days per year an income of about $6M. Which is better than a cash bleed. They must start to go up. Currently 3.2p 18.00: Down £870 on the day - MATRA dropped as did Rockhopper and several others a tad. Monday 4th April 08.00: Slight rise in India more likely to be high spirits after winning the cricket cup - rest of Far East does nothing. Dow up 57 and the Nikkei up 10, markets looking largely positive at the opening. 09.45: Bt 1100 Desire at 0.366 taking holding to 10,100 - one oil strike and they will go to £2 at least 18.00: Finished the day up £231 -------------------------------------------------------------------------------------- Wk Beg Monday 28th March: Friday 1st April:
08.00: Far East generally a little bit lower with the Nikkei losing 46 - our markets at the start seem to have shrugged this off. Some recovery at last in BP 18.00: At last a modest recovery with a portfolio gain of £1,098 - BP put back 16 - more earlier in the day. And LLOY put on almost 3. I hope the recovery continues next week. Thursday 31st March: 08.00: Far East little bit up, China little bit down, Nikkei up 46, Dow closed up 71 - again possibily rises on the market - but hope I might make some recovery today and tomorrow. But not optimisitic. 17.45: Justified... but only down £32 on the day... but that is a run of four days... I am thinking that BP is oversold... and it is said that Dixons has been shorted... down again today... glad I am out of it... but when do I go back... after all even with the profits warning they expect to make a profit in excess of 80 million... GAME seems to be following them... but recovered from earlier losses. Market closed down 39 with the DOW a shivering up 6 at this time Wednesday 30th March: 08.00: With the DOW closing up 81 and the Nikkei putting on235, ana general very modest rise across the Far East except for an equally modest fall in China we should put on some points today. 08.18: Bt 5,000 Dixons at 0.1489 - watch them plunge further now! 09.31: And it did so I have sold all of my holding of Dixons - 10,000 - making a loss of about £1,000 which will offset profits in the year. They have dropped almost 20% and down a further 1p since I sold them! 18.00: Altogether not a happy day, with a third loss in a week, this time down £282 - and of course the losses incurred above. Would now like to see Dixons go below 10 when I would consider a return. Worried about GAME now. Tuesday 29th March: 08.00: Further falls today, methinks with a lacklustre Far East and everywhere else. 18.00: Portfolio down £410 on the day. Monday 28th March: 08.00: Standby for falls, the Far East was down, not a lot - but a negative sentiment. We will surely follow after a depressing weekend of riots and police ineptitude, Libya not nice, and the realities of the enormity of the Japanese disaster depressing the world - and it could happen again, almost anywhere. Perhaps this will be a black Monday... MATRA: Upbeat rsults from MATRA - have cash, production soon, prices based on 75$ but now 105$; tax change in their favour; 20 year license approved; new wells planned. 18.00: Down £310 on the day. ------------------------------------------------------------------------------------------------- Wk Beg Monday 21st March:
(FTSE: closed Friday at 5718 down 110 from last week; DOW: 11773 dowm 230 from a week ago; Main portfolio £84,721 (down £1,291, Total fund: £87721 (including £3,000 for any new purchase): Expectations for the coming week: Very hard to call, to say it will be more settled is begging for a revolution in Saudi and a nuclear explosion in Iran with Israel invading Syria. Some serious black swans. In fact we may see a revolt amongst the hierarchy in Libia and stablisation of the oil price, and a general rise in markets across the globe. ------------------------------------------------------------------------------------------ Friday 25th March 2011
08.00: Far East again generally up about 0.7% across the board, with only the Nikkei up 101 - India being the exception with a fall. The Dow closed up 84 as did the FTSE. I think there will be a further strengthening here with the FTSE getting back above 5900 - and if the minnows come back then I shall see a further rise in the portfolio. Thursday 24th March 2011 08.00: Far East generally up about 0.7% across the board, with only the Nikkei down a little -14. The Dow closed up 67. The budget is under our belts, Libya is more or less under control, nothing spectacular is happening (so far) in the rest of the Middle East, and Japan may be over the worst... so perhaps we may end the week today and tomorrow on a positive note, yet the optimism is drifting out of my investment soul. So perhaps my mining minnows will come to my rescue again. 12.30: Market moving nicely today, but in fact the oil minnows are letting me down. 18.00: Up £845 on the day. Minnows failed me. Wednesday 23rd March 2011 08.00: The Dow was slightly down 17, as was the FTSE, the Nikkei lost 158, though the rest of the Far East was in positive territory. With the budget today it is any one's guess which way things will go... mine is, down! 17.40: And it was down indeed, but only £55 on the day. A dithering day. Tuesday 22nd March 2011 08.00: The general advance continues with the DOW closing up 178; the Nikkei coming back on tap up 401 and the Far East following on with a general rise. Should be another recovery day here. Wonder how many suffered from selling, across the globe. Rather fancy a lot of the market falls were clever manipulators, shorting. Wish I had. But at what point do you buy back? Have the shorters also been caught short? Hope so. Never really approved of it. 18.00: Despite earlier assumptions and promise the general advance did not emerge and I finished the day £500 down. Just cannot call this damned market, the black swans have neither flown away, nor are they dead, it seems. Must be the cold weather. No other reason. Monday 21st March 2011 08.50: Following modest rises in the Far East the FTSE is up over 70 already. Something happening with Rockhopper which is up 80. 19.00: Up £2,072 on the day, but still a long way to go for recovery. However the several recent disasters are easing. Further recovery will be dependent on nothing else happening... bad. -------------------------------------------------------------------------------------------------------------------- Wk Beg Monday 14th March:
(FTSE: closed Friday at 5828 down 162 from last week; DOW: 12,004 up 246 from a week ago; Main portfolio £86,012 (down £4,106, Total fund: £89012 (including £3,000 for any new purchase): Expectations for the coming week: Who could have foreseen, yet again (a black swan) the horrendous Japanese situation. The week begins with the Nikkei down a massive 622 (6.2%); the mere fact of the size of that fall (could have been larger) will impact all markets. No good shorting because all of the dealing will write everything down this morning before a share is sold. I will drop thousands. BUT how can a disaster there affect an oil exploration company in Russia, or indeed Tesco - in reality rather than reaction and sentiment. It will all come back. I think the size of the disaster is greatly underplayed and the death toll will go well beyond 30,000. The poor country must be numbed by this event. I think it was Macmillan who said, when asked what it was like running a country: "It is events, dear boy, events." TUESDAY: Notwithstanding the awful events in Japan I for ever find it astounding that markets react GENERALLY - disasters produce enormous business opportunties and money re-distribution... but the whole market retreats. But relatively little actual cash is transacted as the dealers mark down and down and of course feed the present sentiment. I wish I had a lot of free cash to take advantage of these temporary declines, the market will retreat more... but eventually it will bounce right back up. ------------------------------------------------------------------------------------------ Friday 18th March
08.00: The FTSE finished up 97 (what it lost yesterday) - the DOW which finished up 161, 80 short of what it lost yesterday; whilst the Far East is mixed the Nikkei has gained a further 244. Fortunately it is not Friday the 13th... so far - and the screen has a lot more blue. 18.00: Finished the day up £512 - much less than earlier in the day. If the weekend sees Gadalfi facing big setbacks, and the Japanese get on to of their disasters, then there will be a major recovery. The next two days will be telling, but at this point the DOW is up well over 100. Thursday 17th March 08.00: The FTSE finished down 97 - I think influenced by the DOW which finished down 242; the whole of the Far East is down 1.5-2% with the Nikkei down 131... not boding well for today here. 10.30: There has been a decline of one kind or another for three weeks. This was all unforeseen and against my instinct of a bull market in the making. Today there is a slight pull back north. I hope it will continue. Sentiment is so fragile at the moment, I can see the justifiction, but remain convinced there is little fundamental justifiction for India and China POWER on. 18.00: Up £1,047 on the day, but a long way to crawl back. Wednesday 16th March 08.00: Markets are driven by fear and greed it is well said: Nikkei up 488 - 5% - let's see what happens here - see what I mean. The DOW followed the panic down 137 - was much worse - just as we did - and deep down there is no justification - people who sold will find themselves poorer by far within a month - unless something else happens and that is what causes the worry. If the Japanese had not cleared the shelves in the supermarkets there would not be a problem on even that level. But it is the personal screech factor that produces the effect. 18.00: Down £388 on the day, but a little more blue about - I would have been up except for a fall off in the late afternoon as the DOW got the jitters again. Tuesday 15th March 08.00: Markets are driven by fear and greed it is well said: Nikkei down 1015 - 10% - let's see what happens here. 18.00: Down £2,028 on the day, with the FTSE off 79 - I think close to 200 at one point... as the retreat became a rout and then a mere panic. I sold nothing, but was unable to take advantage of the falls due to lack of immediate funding. Cannot understand the fall on BP. Monday 14th March 2011 07.55: This may well be a red Monday. Nikkei down 633; but the rest of the Far East only marginally down with India actually up - signifying the local nature of the catastrophy. The West, perhaps softer in sentiment, may be hit worse. We shall soon see 08.10: As prdicted an immediate mark down. It is early days, and the mark down was initially countered, perhaps the Japanese event is indeed going to be regarded as a local problem not really impacting. Glad, however, that I have no insurance stock. They are global these days and there must be an impact that, and on all investment funds who hold them. 17.45: Down £434 on the day. I was expecting worse. I rather fancy tomorrow the climb back will begin -------------------------------------------------------------------------------------------------------------- Wk Beg Monday 7th March: Friday 12th March March
08.00: Bad day begins 18.00: Down £566 on the day. Thursday 11th March 08.00: Thank fortune it is not the 13th... though I think at the end of the day it will feel like it with the Dow losing 228 and the Far East racing after it with the Nikkei down 179. Today is a day to go short... nah - too late. Sit it out. Thursday 10th March 08.00: We are in for a miserable day today...following declines on the DOW and in the Far East. 18.00: Worse than I dreaded: down £2,700 on the day. Shift in ARM alone lost me £1,100... a general decline - again sentiment led. And tomorrow may be worse. Unfortunabely no flexible funds to take advantage. Will have to sit it out. Wednesday 9th March 08.30: Dow closed well off its highs at up 124; Far East positive with the Nikkei up 64 - early promise here dissipated, but the day is long. Matra strengthening as production possibilities in two wells get closer - and with the present price of oil 18.00: Down £921 on the day,,, the market just will not shift. Tuesday 8th March 08.00: Dow closed well off its lows with 79 down; the Far East is largely positive - Nikkei up 20 - every little helps. Perhaps today may not be as gloomy as thought yesterday. Ever the optimist. 17.30: Again the day began very well, then it all went down the drain... then the US markets opened and as I write the DOW is up one hundred and bloody fifty two points... so our markets came back towards the end... but not enough - despite the misery on the globe I really think the recent downs have been exagerated. The FTSE finished just about 1 point up but had ranged during the day across 90 points. I am up £150 on the day Monday 7th March 08.00: Reality suggests the gloom is to continue with a lower Far EAst - Nikkei down 188 - to lead the way 16.00: Typically the day actually began well and I must have been close to £1,000 up - but the moment the Dow opened it has all faded away. Will be lucky to be up at all by the end of the day. 18.00: Down just £18 on the day = phew - but the DOW is falling as I write - down 71 - tomorrow might not be good. Dixons seems to have dropped to a big buy position. --------------------------------------------------------------------------------------------------------------------------- Wk Beg Monday 28th February:
(FTSE: closed Friday at 6001 up 81 from last week; DOW: 12068 down 250 from a week ago (over 400 pts up over the last four weeks!); Main portfolio £89,878 (down £1990, Total fund: £92,878 (including £3,000 for any new purchase): Expectations for the coming week: Last week I said 'it would not surprise me if the Egyptian Army invaded Libya' why can't someone invate and put an end to this nonsense - the cowardly nut case and his greedy handful of family and followers would disappear in a moment - this would please the masses and put an end to that nut case - remember his posturing until Raegan and Thatcher sent in an air strike on HIM - shut him up promptly. I have been badly wrong on the direction of the FTSE - but it still is over 6000 despite the panics. I later said that Oil prices will go to 250$ - far cleverer people than me have said $210... if Saudi keeps its present harsh and twisted regieme then I would think $110 for the moment... if Saudi goes... we may smile at a figure of $210 ................................................................................................................ Friday 4th March 08.00: With the FTSE putting on 90 - enough to pass the 6,000 barrier again; and the Dow up 191, and the Far East following across the board and the Nikkei up 107... surely this is going to be a good day here! Surely?? 18.00: No such luck, as the day wore on the market turned and I ended the day £66 on the day but up £241 on on the week, which was a VERY bad week. Thursday 3rd March 08.00: Far East generally rallying slightly... need a big rise here to regain positions. 18.00: At last an element of recovery with the portfolio rising £1,186 - largely oil shares, including BP - hopefully this will continue tomorrow. Wednesday 2nd March 08.00: Far East down a lot, with the Nikkei alone losing 261, following the Dow's loss of 169. So today will be a debacle. Crude is rising once more, but how much that is to do with the $$ falling is an accounting matter. Production of oil across the globe is actually unchange. Yet Oil shares are also declinging. Makes no sense to me. Nerves of steel today. 18.00: Down £568 on the day. Tuesday 1st March 08.00: Far East cotinues to rise following further recovery on DOW (up 95), though I was up yesterday it was a very frustrating day. Hope today is firmer. 18.00: Down £580 on the day. I am beginning to think that my optimism is getting in the way of good judgment. Monday 28th February 08.00: Far East rising following recovery on DOW, albeit all quite small. Sentiment will lag back the market this week but I still think a chunk of good news will bring on a buying frenzy. Oil still at 113 for April delivery - UK. 18.00: Up £135 on the day, there was a reversal in the last hour or so which took away a substantial rise for me. Hope tomorrow holds better. ---------------------------------------------------------------------------------------- Wk Beg Monday 14th February:
(FTSE: closed Friday at 6082 up 20 from last week; DOW: 12318 up 118 from a week ago (over 600 pts up over the last three weeks!); Main portfolio £91,968 (up 73, Total fund: £94,968 (including £3,000 for any new purchase): Expectations for the coming week: The Middle East remains a cause for sorry. It would not surprise me if the Egyptian Army invaded Libya - this would please the masses and put an end to that nut case who has held sway with his creatures for far too long. The adage that all evil things come to and end is displaying quite well at the moment. I think, I was wrong last week, but maybe not this week, there will be a considerable rise on the week with the FTSE getting to 6,200. Update: Tuesday - the Libyan situation is not tenable for the dictatorship. The Libyan Army, or elements will backlash. Their mothers and fathers are in the crowd. When will Iran, Iraq, Syria, Dubai, etc., follow the way? After such a revolution the clerics will lose their grip. Oil prices will go to 250$ - been there before. Buy oil shares and gold. ................................................................................................................ Friday 25th February 18.00: A reversal was expected and indeed it came and I am up £2,469 on the day. I am suspecious of the results on the basis that the stock exchange has been up the wall today with technical problems. Thursday 24th February 08.30: Fairly hefty falls in the far east Dow down 107 and Nikkei down 126.If you think carefully a dodgy handful of not significant economis in North Africa have, or are, in the process of a bloody change of government. The global fundamentals are unchanged. The fall in the markets is sentimental panic manifested in mark downs rather than trades. The Oil rise is not yet shattering. Everything is actually normal market reaction to knowledge heavily displayed on the news channels. I remain convinced by strategic targets will continue to be touched or passed. 18.00: Down £647 on the day. There has to be a reversal soon. Wednesday 23rd February 08.30: I now see nothing but gloom... BP should be shooting ahead... but they have too much going on in Libya - having said that it is only a spec in its entire operation. Its fall is mark down not sentiment. The Dow lost 178 and the Far East is up except for the Nikkei down 85. I think later in the day there will be a reverse and rise. Hope so 18.00: Down £1,082 on the day... less than I thought. There will be a turn round. Tuesday 22nd February 08.00: Far East declines, with Nikkei down 192 - looks as if everything is about to go pear shaped. 18.00: Data is skewed today but looks like £1,000 loss on the day. This looks like a rough ride going against my expectations. But I am sticking with them. Monday 21st February 08.00: Far East somewhat up following DOW's finish of up 73... slight improvement in FTSE expected. 18.00: So much for that bloody expectation, down £1,384 on the day. What the hell is wrong with the banks... rather with people's perception of the Banks... They are making money left right and centre! And the oil shares... why have they not matched the leaps in oil today. Perhaps tomorrow will be a better day. FTSE closed down 68 but still above the 6,000 mark. ----------------------------------------------------------------------------------- Wk Beg Monday 14th February:
(FTSE: closed Friday at 6062 up 65 from last week; DOW: 12273 up 244 from a week ago (over 500 pts up over the last two weeks!); Main portfolio £91,931 (down on the week £112, Total fund: £94,931 (including £3,000 for any new purchase): Expectations for the coming week: First, last week was a downer: Egypt; posing of Iran re nuclear weopons with a huge rentacrowd (cf with the Egyptian crowds which cost nothing except for a lot of lives... it will come to Iran) - now there is a partial calm due for Egypt and a resulting rise on all markets. Second: rise in oil caused poor sentiment I think... except with oil shares... but OPEC have taken some slight action and the weather in Europe has turned warmer. I think there will be a considerable rise on the week with the FTSE getting to 6,200. ................................................................................................................ Friday 18th February 08.00: Far East gave no lead with marginal lows and the DOW was not hot being up 29 - but the lacklustre week here could end with the surge I am looking for. All will be revealed in 8 hours time. 18.00: Did not happen, though there was recovery towards the end of the day I ended down £449 on the day. Thursday 17th February 08.00: Far EAst marginally better, Dow slightly up 61. Perhaps further rises, but prospect of 6,200 being breached on the week now looks remote. 09.30: Both of my information systems now restored - in fact up £627 yesterday. 18.00: Poor performance down £627 on the day - wow £1 up in two days. The FTSE has managed to get to 6101 - oh for a fabulous day tomorrow. Wednesday 16thFebruary 08.00: My main source of information is ADVFN - an excellent site, except that with the change in the trading platform at the LSE their site is down, big time, so I am to some extent blind and cannot predict... not that my predictions are worth a jot. 18.00: And now my portfolio platform refuses to upgrade, have to wait until tomorrow to deal. Appear to be up on the day though... perhaps £200 Tuesday 15th February 08.00: Far East is flat and mixed with the Nikkei showing a tiny up 21 to match the Dow's close down 5... suggests a lacklustre to poor day here today. 18.00: Down £300 on the lacklustre day. Monday 14th February 08.00: Far East is UP - across the board some with close to or more than 2% with the Nikkei up119 following DOW's 49 up and the settling of Egypt, I think. Should see the beginning of the rises I suggested above in blue. 18.00: A very disappointing day with the market dithering like make ending a miserable 2.8 down, the DOW following... but my portfolio is up £784 on the day - ARM holdings being the hero up 40... I definately sold them too early. Still think this will be a good week. ______________________________________________________________ Wk Beg Monday 7th February:
(FTSE: 5997 up 40 from last week; DOW: 12029 up 332 from a week ago; Main portfolio £92,043 (up on the week £1,056, Total fund: £95,043 (including £3,000 for any new purchase): ................................................................................................................ Friday 11th February
08.00: Drizzle down Dow, followed by mixed down drifting Far East dithering promising a pathetic end to the week and a loss of £2K to me on present movements, on the week... ahhhh. And I just drank some curdled milk by accident... bad oman. 18.00: Up £617 on the day so some gathering of losses. Mainly a rise of 14% on MATRA. Maybe we are in for the longeed for surge in this vital portfolio share next week. Feel as if, in the end, held my own. Thursday 10th February 08.00: Again I shall be away from the PC most of the day. This is a day not starting so well with a general decline in the Far East - thought it is modest. The DOW finished up 6 but off its highs. Should be another miserable day - and it is raining. 22.00: Down another £386 on the day. Bad dog week. Wednesday 9th February 08.00: Modest rise of 71 on the DOW; but Far East not supporting so may be another day of misery for me. 18.00: Down £574 on the day, so about £300 down on the week. Damn. Tuesday 8 th February 08.00: Modest rise of 69 on the DOW, not backed by the Far East where things were lower except for the Nikkei up 44 - suggests a day of dither is to come. Am away from the screen most of the day, as I was yesterday, so might find myself with headwinds by the time I am back in the evening. 22.00: Gales more like - down £1138 on the day. Monday 7th February 08.00: Such movement as there is in the Far East is timidly up reflecting the Dow's rise of 29 on Friday with the Nikkei exampling with a rise of 48 18.00: Up £1,307 on the day --------------------------------------------------------------------------------------------------------------- Wk Beg Monday 31st January: ( Dated close 1st Feb: FTSE: 5957 down about 50 from last week; DOW: 12029 up 332 from a week ago; Main portfolio £90,987 (down on the week £1,378, Total fund: £93,987 (including £3,000 for any new purchase): ................................................................................................................ Friday 4th February 07.55: Dow up a bit, 20; Nikkei up a bit more 112 - but is it enough to lift our market today as the Egyptian situation - the driver of current sentiment and oil prices - worsens... if it does? 18.00: Finished the day up £1184. It is not greed, just disappointment that the surge I looked for at the beginning of the year has not taken place: poor Xmas results; the North African debacle. Thursday 3rd February 07.55: The lustre has gone out of the market, here and in the Far East, so suspect falls will be the order of the day. 22.00: Up and down, up and down and I finish the day £32 down... it was much better than that and much worse. See what tomorrow brings. Wednesday 2nd February 19.00: No action on the main portfolio today and down £95 on the day. I was really let down by a reversal on BP which I do not think is justified. I think it is the Russians messing about again. They really are a nasty lot. Allied to that in pre-trading MATRA was up almost .5 of a penny but that disappeared at once and they fell again. Whilst problems are gradually be solved there are always hints of other difficulties in the reports that are published. I continue to have faith in this share. It goes without saying, but I am going to say it, the Egyptian situation is not helping sentiment at the moment. Tuesday 1st February 08.15: Reconstruction of the site so that the Home Page is less cluttered is taking place. Current unrest in North Africa has upset positions and takes on the spectre of being something of a black swan incident. Only Egyptian holding is Centamin Egypt (gold mine) and this share has lost 50p - about 25%, but seems to be pulling back yesterday and today. 18.00: The day went well giving me back a lot of my losses from last week and yesterday to that I rose £2,096. Impossible to judge the effect of the Egyptian situation. (Click to see notes; foot of second column Strategy Blog page) |
Temporarily not operating this side of the system.
I began this week on Monday 11th April: Note: This is a new account starting with a nominal £300 and using the latest CMC Markets platform: Began: Cash 89 Margin 158 Profit 44 Total 291 Now...: Cash 89 Margin 158 Profit 44 Total 291 Range of stops as defense if red then fired off by the programme LLOY: 4 at 60;1 at 57; 1 at 56; 1 at 55; 1 at 58 1 at 59 1 at 60 Running: 40 on LLOY, Note not properly active, still learning the system. Trading only in LLOY ----------------------------------------------------------------------------------------- Thursday 14th April I began this week on Monday 4th April:
Note: This is a new account starting with a nominal £300 and using the latest CMC Markets platform: Began: Cash 89 Margin 158 Profit 44 Total 291 Now...: Cash 89 Margin 158 Profit 44 Total 291 Range of stops as defense if red then fired off by the programme BP: 1 at 463; 1 at 462; 1 at 460 LLOY: 4 at 60;1 at 57; 1 at 56; 1 at 55; 1 at 58 1 at 59 1 at 60 Running: 10 on LLOY, 3 on BP -------------------------------------------------------------------------------------- Tuesday 5th April
08.00: Watching, further comments later Monday 4th April 08.00: Watching, no change to positions. ------------------------------------------------------------------------------------------------------ I began this week on Monday 28th March: (Not updated at the moment) Monday 28th March I began this week on Monday 21st March (Thursday:
This account is not yet active as I 'learn' the new CMC platorm - which is AMAZING):
Note: Last week had to feed in a further £100 to the account to keep it stable; fed in a further £200 for the new platform: Equity 367 (up 200 on the week) Current position 367 Deployed 249 249 Free 117 117 Range of stops as defense if red then fired off by the programme RBS: BP: LLOY: CEY: Running: 12 on LLOY, 1 on RBS, and 0 on BARC, 5 on BP, 0 on CEY ------------------------------------------------------------------------------------ I began this week on Monday 14th March (This account is suspended as I await
a transfer to the new CMC trading platform):
Note: Last week had to feed in a further £100 to the account to keep it stable: Equity 367 (up 200 on the week) Current position 367 Deployed 249 249 Free 117 117 Range of stops as defense if red then fired off by the programme RBS: BP: LLOY: CEY: Running: 12 on LLOY, 1 on RBS, and 0 on BARC, 5 on BP, 0 on CEY ------------------------------------------------------------------------------------ Monday 14th March
08.00: Just don't panic. 17.45: Down 45 on the day. ---------------------------------------------------------------------------------------------------------------- I began this week on Monday 7th March:
Equity 417 (up 122 on the week) Current position 417 Deployed 300 300 Free 117 117 Range of stops as defense if red then fired off by the programme RBS: BP: LLOY: CEY: Running: 12 on LLOY, 1 on RBS, and 0 on BARC, 6 on BP, 0 on CEY ------------------------------------------------------------------------------------ Friday 11th March 08.00: Let the slaughter begin. Thursday 10th March 08.00: Like as not I will be shorted out today. Down 19 on the day, but was 60! Wednesday 9th March 08.00: No action contemplated, just watching and hoping again. 18.00: Down 64 on the day... close to wipeout. Tuesday 8th March 08.00: No action contemplated, just watching and hoping. Still think I am well placed with LLOY and BP. Is the bad news for both actually over? 17.30: Down 16 on the day... was a LOT worse. Monday 7th March 08.00: No action contemplated, other than keeping a tight grip of my chair arms. 18.00: Up £11 on the day... was 50! ------------------------------------------------------------------------------------------------------------------- I began this week on Monday 28th February:
Equity 507 (up 122 on the week) Current position 417 Deployed 301 300 Free 206 117 Range of stops as defense if red then fired off by the programme RBS: BP: LLOY: CEY: Running: 12 on LLOY, 1 on RBS, and 0 on BARC, 6 on BP, 0 on CEY ------------------------------------------------------------------------------------ Friday 5th March 08.00: Hopefully the SB account will get closer to the 500 mark today and give me enough flexibility to add - I am thinking of going for LLOY even more. 09.15: Added 1 to LLOY at 64.64; and 1 back to BP at 495.37 18.00: Up £36 on the week but definately still in story waters. Thursday 3rd March 08.00: When is the market going to turn? 18.00: Not out of the weather yet but up £38 on the day. Wednesday 2nd March 08.00: Immediate declines08.00: Immediate declines so that I dropped 1 of BP to avoid wipeout. Just did not expect BP to fall like this. 18.00: Down 46 on the day - near to destruction. Tuesday 1st March 08.30: Just trying to keep my nerve, still. 18.00: Down 41 on the day, close to wipeout. Monday 28thFebruary 08.30: Just trying to keep my neerve. 18.00: Up then down £19 - bloody banks. ------------------------------------------------------------------------------------------------ I began this week on Monday 21st February:
Equity 507 (up 122 on the week) Current position 507 Deployed 301 301 Free 206 206 Range of stops as defense if red then fired off by the programme RBS: BP: LLOY: CEY: Running: 11 on LLOY, 1 on RBS, and 0 on BARC, 6 on BP, 0 on CEY ------------------------------------------------------------------------------------ Friday 15th February 08.30: Been away from the PC since dawn and thus have missed the market entirely. But it appears nothing as happened here since BP is balanced by LLOY - one day they will move up together. Thursday 24th February 08.30: Watching Wednesday 23rd February 08.30: Decline because of BP - not justified, last two weeks gains lost in two days. Damn. 18.00: Down 37 on the day. Next decline in BP will buy. Tuesday 22nd February 08.00: 18.00: Lost £40 on the day, less than the worst. Monday 21st February 08.00: No action taken 18.00: Down £41 on the day. ------------------------------------------------------------------------------------- I began this week on Monday 14th February:
Equity 384 (up 64 on the week) Current position 507 Deployed 220 301 Free 163 206 Range of stops as defense if red then fired off by the programme RBS: BP: LLOY: CEY: Running: 11 on LLOY, 1 on RBS, and 0 on BARC, 6 on BP, 0 on CEY ------------------------------------------------------------------------------------ Friday 18th February 08.00: No action taken 18.00: Lack of interference with the position by me meant I am up £17 on the day and £123 on the week... masterly inactivity. Thursday 17thFebruary 08.00: No activity 17.00: Up £31 on the day Wednesday 16th February 08.00: No activity 18.00: Up £30 on the day Tuesday 15th February 08.00: No activity 18.00: Up £65 on the day. Monday 14th February 18.00: Up 16 on the day ______________________________________________________________ I began this week on Monday 7th February:
Equity 320 (down £100 on the week) Current position 398 Deployed 95 221 Free 225 176 Range of stops as defense if red then fired off by the programme RBS: BP: LLOY: CEY: Running: 11 on LLOY, 1 on RBS, and 0 on BARC, 6 on BP, 0 on CEY .......................................................................................................... Friday 11th February
08.00: 18.00: Up £10 on the day and £50 on the week... but a long way to go. Thursday 10th February 08.00: Down £30 on the day Wednesday 9th February 08.00: Will not play until pm due to being away. 08.30: Added 1 to BP at 478.6 18.00: Down 22 on the day. Tuesday 8th February 08.00: Will not play today due to being away. 08.45: Centamin has become a pest... cannot get it right, so got out. 22.00: Up £25 on the day. Monday 7th February 09.15: Added 2 at 482.83. 09.42: Lost nerve on Centamin and bought 2 to make me positive on assumption Egypt calming and sentiment will take the share up. Watch me get it wrong. 18.00 Up 15 on the day, but keep getting Centamin wrong - long - goes down; short - goes up. Fortunately only a hesitant £1 being played. ----------------------------------------------------------------------- I began this week on Monday 17th January: Equity 320 (down £100 on the week) Current position 363 Deployed 95 125 Free 225 238 Range of stops as defense if red then fired off by the programme RBS: BP: 3 at 487;4 at 484 LLOY: CEY: Running: 11 on LLOY, 1 on RBS, and 0 on BARC, 3 on BP, (-1) on CEY .......................................................................................................... Friday 4th February 09.20: Added 2 at 483.23. 18.00: Down £12 on the day... just cannot get it right. Thursday 3rd February 07.55: Leaving things as they are, hoping for progress in the advers markets 22.00: During the course of the day reversals wiped my positions and lost me a further £43. It is so frustrating. Wednesday 2nd February 07.15: Hoping for leap in BP! 0740: Have added Centamin Egypt (Gold mine CEY) to the Spread Betting Portfolio since I am wary of adding to the main portfolio holding. The share has recovered about 20p from its lowest point post troubles, and has a good production result. Am predicting GOLD to go 1500-2000$ an ounce later in the year. 08.01: Bt 1 in CEY at 150.05 - to get the feel. 09.15: No great movement on BP but brought the 3 stop up from 482 to 487 19.00: During the course of the BP reversal the upped stop went, thus maintaining a good little profit and reducing further loss. I made a mistake with CEY and should have used it as a hedge against a price loss by shorting. I sold 2 and thus short -1. Watch it go up tomorrow! Down £46 on the day. Tuesday 1st February 08.10: Some additions to BP yesterday. During last week all stops were taken out and the account dropped to about £320. Am concentrating on BP at the moment and added 2 at 484.01 08.25: Curious that BP has dropped on announcement of a renewed divi, and quite good results, and with the background of oil price rising there can only be blue sky - until the next disaster. Added 1 at 478.36 with a stop of 3 at 472 18.00: Fighting back. Due to modem failure was off line but during the day added a further1 to BP at 480.41 and 489.71. Put on a stop of 4 at 484, and removed stop of 3 at 472, raising it to 482. I was right to consider the share to be oversold on the basis of what is essentially good news. Hope, with further rises in oil and digestion of the facts there will be a rise of at lest 10p on BP tomorrow. |
|
|