DIY Investor Magazine
/
March 2014
25
Looked again at CMS but still not sure, same with Cello
(CLL) that had a good report out today but has been
marked up by the Market Makers.
Yesterday’s purchase of PIC is up 3% today which is
good and for what it’s worth with hindsight I should
have bought Cohort on Tuesday the 6th at 174p in spite
of the big spread as it’s now up to 210p.
May 19th 2014
Back from two days with my spin doctor the excellent
Robbie Burns aka the Naked Trader very good indeed,
money well spent. Which is more than can be said about
two of my recent purchases CSRT and PIC.
They both got burned up in the vicious sell off of the
small caps, shame, when the market takes a run as it did
at the end of last week, the good goes the same way as
the bad. I got out of CSRT at 860.4p and PIC at 343.21p.
I’d now like to see both of them fall further because
there will be another good buying opportunity. I
decided against the Saga IPO - most of the recent IPO’s
have fallen in value since launching because the initial
valuations have been too chunky.
May 22th 2014
Double glazing business Safestyle uk (SFE) came
out with really good figures this morning. The AGM
statement included phrases like ‘ahead of management
expectations’ and ‘record order book’.
I expected a strong opening and was surprised how
muted it was, but the price started to motor so I bought
1042 shares at 190.925p stop at 174p target 228p. They
closed at 195p up 5% on the day.
May 28th 2014
Time for another bite out of Scapa (SCPA). A £165
million cap small company that makes speciality
adhesive films and tapes (in my view a good solid
company that does something real).
A typical type of trade for me, a good report out
at 7am and steady buying coming in reasonable
quantities when the market opened. So I joined the
party, 1732 shares at 114.92p, target 140p stop 106p.
Pleased I didn’t buy into the IPO of SAGA, they listed
at the bottom end of their expected range but even so
are flapping around going nowhere fast.
May 31st 2014
A good month or a bad month? Simply one of those
months when there was no money in the market for
me with my risk-averse style of trading. At times like
this, when there’s no clear direction the trick is not to
force it and throw your money away, simples.
Of the five trades I made, I lost two to stop loss’s
losing £309.01, my un banked profits on the other
three currently amount to £427.69.
In the next few days I’ll be looking to double up on
AVON and SFE if momentum gets back into them,
and am thinking about buying Dart Group (DTG) and
Clinigen (CLIN) both from my watch list.
.....Onward.
A GOOD MONTH OR A BAD MONTH?
SIMPLY ONE OF THOSE MONTHS
WHEN THERE WAS NO MONEY IN THE
MARKET FOR ME WITH MY RISK-AVERSE
STYLE OF TRADING.
