DIY Investor Magazine
/
2015 Issue
33
FRIDAY 19TH DECEMBER
Short-term the market looks okay so I revisit
Renew Holdings (RNWH) which punished me for
£470 last time I tried my luck and buy Tungsten
Corporation (TUNG) a B2B payment provider that I
believe has great potential. One thousand pounds
of each - RNWH at 305p, stop 277p, target 380p.
TUNG 241.47p, stop 218p, target also 380p.
MONDAY 22ND DECEMBER
Interesting - TUNG announces a several billion
pound deal that will enable it to factor the invoices
it processes - a total game changer. Wish I’d
bought more last week, but did what I don’t like
doing and chased a price. £2,000 top up at
282.8p. Did the same with ETO at 309.8p.
TUESDAY 30TH DECEMBER
GAME didn’t work and I’m all but out of time on
it; price hit 360p but today is back down at break
even. Out at 347.31p for a loss of £24. That’s my
gambling urge purged for a while.
MONDAY 5TH JANUARY
One of my trading chums Teresa came up
with a gem of a company this morning - Bond
International Software (BDI) which provides
support for companies in the staffing industry. I
really liked what I saw both on the metrics and the
chart and tried to buy some this morning but the
price got away from me. Late in the day the level
two price screen looked all together better so I
bought two and a half thousand pounds worth at
94.9850p - Stop 83p, targets 115p and then 145p.
WEDNESDAY 14TH JANUARY
Disaster. Big disaster. I’ve been away from my
computer all day and ETO and TUNG have
both fallen sharply coming down past my stop
loss point in both cases. I like to have fairly tight
stop losses in place and act on them without a
second thought, but these two have got away
from me. What a total bummer.
I don’t want to whinge because I just love the
challenge of the markets, but it’s not as easy
as I thought trying to invest/trade as I do and
run a semi normal busy life. Prices taking a run
with me like this must not happen again, I need
to look at having live prices with me all the time
and check them constantly no matter where I
am or what I’m doing, or I need to have a long
think over the next few weeks about my modus
operandi. Currently I have a more pressing
matter on my mind, namely do I take the quite
chunky hit on ETO and TUNG? I’ll brood over
night and decide tomorrow morning.
THURSDAY 15TH JANUARY
The Swiss have certainly stirred things up this
morning as the peg on the Euro comes off.
A 30% rise of the Franc. Glad I don’t touch
the FX markets. Me thinks there will be some
bankruptcies as a result of this. However I’ve got
problems of my own, what to do about ETO and
TUNG. I’ve decided to lower the stops and keep
them for the time being. This breaks all my rules
and frankly isn’t that clever, but if I’m lucky it may
be a way of managing things. You may know
the old gag, question, what’s a long term hold?
Answer, a short term trade that went wrong. Ain’t
that the truth?
WEDNESDAY 21ST JANUARY
Trifast (TRI) makes industrial fasteners and also
lots of money. Their last set of figures were very
good indeed and they are due to update the
market again in a week or so. I’m taking a flyer
on the news being good and have bought in
ahead of what I hope will be an upward rerating
of the shares. Two thousand five hundred
pounds worth at 96.5762, stop 86, target 128.
“I JUST LOVE THE CHALLENGE OF THE MARKETS,
BUT IT’S NOT AS EASY AS I THOUGHT TRYING TO
INVEST/TRADE AS I DO AND RUN A SEMI NORMAL
BUSY LIFE… I NEED TO HAVE A LONG THINK
OVER THE NEXT FEW WEEKS ABOUT MY MODUS
OPERANDI.”
