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THIS IS NOT A TIP. I AM NOT A TIPSTER. PLEASE DO YOUR OWN RESEARCH. PLEASE READ THE DISCLAIMER ON THE HOME PAGE OF MY WEBSITES. IF YOU COPY MY TRADES, YOU WILL PROBABLY LOSE MONEY.
Earlier today I sold my holding of Booker PLC (Epic Code BOK) in my Income Portfolio at 182p, banking a Profit of 45% (with probably another 5% on top from Dividends) from a holding period of about 1 year. There is a lot to like about BOK - it has a habit of paying out Special Dividends and the Uptrend is just nothing short of superb. It was a nice fit in my Income Portfolio (full details of this Portfolio can be seen on my ‘Trades / Portfolios’ webpage) as the nature of small Corner Shops means a pretty defensive sector. I could easily have made a decision to continue to hold BOK and the chances are that it can go higher as the Momentum of the Uptrend continues to do its magic.
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THIS IS NOT A TIP. I AM NOT A TIPSTER. PLEASE DO YOUR OWN RESEARCH. PLEASE READ THE DISCLAIMER ON THE HOME PAGE OF MY WEBSITES. IF YOU COPY MY TRADES, YOU WILL PROBABLY LOSE MONEY.
This should be a quick WheelieBlog - there’s some Superbike Racing on the TV soon so time is limited !! You may have seen via the usual comms methods (Tweets, ‘Changes List’ on Homepage, ‘Trades and Portfolios’ page etc.) that I closed (sold) my Long Spreadbet on National Grid NG. and banked a reasonable 10% Profit on the Exposure and near 200% on the Capital used as Margin Deposit for the Bet, in a swift 2 months.
Firstly, I must apologise for the Title of this Blog - I realise it is rather graphic and probably could put you off your Lunch/Dinner. I suppose you could say it is Wheelie’s Dirty Protest against the horrible Turds which I have allowed to foul up my Portfolio.
Perhaps such odorous writing comes from the fact I had a small Alcohol Injection just before I started work on this Blog. I figured that it was only a swift pint and that the effects of it would wear off as the Blog typing progressed. It was only a pint of ………..hang on, let me go and check the Recycle Bin……..(clearly audible whizzing sound at this point while I roll down the hallway)……….ah, yes, it was ‘Marstons Strong Pale Ale’. When I selected this Bottle, my mind saw the words ‘Pale Ale’ and the image conjured up was of something rather easy and mild. The reality is that it is 6.2% Alcohol by Volume, so maybe I should have paid more attention to the word ‘Strong’.
THIS IS NOT A TIP OR RECOMMENDATION. I AM NOT A TIPSTER. PLEASE DO YOUR OWN RESEARCH. PLEASE READ THE DISCLAIMER ON THE HOME PAGE OF MY WEBSITES.
I recently sold out of my Costain (COST) Shares at 339p as they seemed to have peaked in the Short Term and I am trying to reduce my total number of Positions and take a bit of Risk off the table prior to Summer lulls, the usually weak month of June and of course the Greek silliness. I am a bit annoyed with myself over this trade - the ‘Rules’ are that I should buy a Stock using Normal Shares first and then if it starts to move up, I should add a Spreadbet of a suitable size. The trouble with this one is that I just didn’t buy the Spreadbet for some daft reason. To be fair to myself, COST is a choppy little bu*ger and it just never seemed to give any clear Buy Signals for the Topup - but I am kicking myself (not easy when you are Paraplegic !!) because I really threw away a pile of easy money here. Perhaps I should be more mechanical and when I buy Normal Shares, I should just Buy a Spreadbet as well - I could always add more later.
THIS IS NOT A TIP OR RECOMMENDATION. I AM NOT A TIPSTER. PLEASE DO YOUR OWN RESEARCH. PLEASE READ THE DISCLAIMER ON THE HOME PAGE OF MY WEBSITES.
This morning I sold about 2/3 of my RCDO position (held via Spreadbets only) and this is a very quick summary of why I made this decision last night after the markets had closed. I think RCDO is a World-Class business and of the utmost quality - however, it has just run up quite a bit and I am nervous on the Markets in general and happy to bank some profits and reduce Risk. As I only hold this as a Leveraged Position, I am running a Higher Risk on it than if I had normal Shares.
THIS IS NOT A TIP OR RECOMMENDATION. I AM NOT A TIPSTER. PLEASE DO YOUR OWN RESEARCH. PLEASE READ THE DISCLAIMER ON THE HOME PAGE OF MY WEBSITES.
I dumped my Small Holding (why am I talking about Farmyards?) in Alliance Pharma APH on Tuesday 28th April 2015 at 43p as per my Tweets and the updated ‘Trades’ page of this Website. As usual, I will do a quick run through of why I made this Decision - hopefully it will help Readers with their thought processes and it may assist me to evaluate if I really have done the Right Thing. THIS IS NOT A TIP. I AM NOT A TIPSTER. PLEASE DO YOUR OWN RESEARCH. PLEASE READ THE DISCLAIMER ON THE HOME PAGE OF MY WEBSITES.
Hopefully this will be short and sweet. You may have seen on my ‘News’ bit on the Homepage or on Twitter that I sliced off a chunk of my CRST holding at around 440p early this morning. As usual, I made the decision in the ‘cold light of day’ (ok, it was dark) last night after the markets were well and truly shut, and it was partly driven by Chart based timing as I will outline below. I have held CRST for about 2 years having bought my first chunk just after the IPO - because it looked flippin’ cheap. I have quite a lot of Shares and Spreadbet positions and I chopped off about a fifth of my holding - banking a Profit of over 62% and there were Divvys on top of this as well - not too bad. Hopefully I can shift some more of the Holding with similar banked profits or preferably better !! Hopefully I can keep this Blog reasonably short as I have already bashed one Blog out today and done a load of work on the next parts of that Series. The reasons for me dumping all my Telecity TCY are as follows:
THIS IS NOT A TIP. I AM NOT A TIPSTER. PLEASE DO YOUR OWN RESEARCH. PLEASE READ THE DISCLAIMER ON THE HOME PAGE OF MY WEBSITES.
I am feeling a bit Blogged out, so I will try and keep this Short and Sweet - ok, I appreciate that is against my nature !! This morning I said “Goodbye, and thanks for all the Profits” to EZJ, for the following reasons:
THIS IS NOT A TIP. I AM NOT A TIPSTER. PLEASE DO YOUR OWN RESEARCH. PLEASE READ THE DISCLAIMER ON THE HOME PAGE OF MY WEBSITES.
I sold off some IGG yesterday - but have kept a chunk in my Income Portfolio as I think it is a great Stock long term but seems Toppy for now and I want to build Cash and reduce my Exposure in the early months of this year as we head towards the uncertain General Election. This period of the Year is always bad and the Election will give the ‘Media’ plenty of time to get the Fear of God into Investors and have them panicking for the Exits. “Sell in May and go away” and all that……….. |
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