Highlights from my portfolio 24/02/11

Thursday, Feb 24 2011 by

I think I preferred the Global Financial Crisis! Short update today.,

Alterian (LON:ALN) was sickly today and is starting to make me feel queasy. My stop is in sight.

Laura Ashley (LON:ALY) have said that they are to beat expectations. Trading in a consolidation but holding nicely, I have bought quite a few.

Avanti Communications (LON:AVN) being shorted by hedge fund and Simon Cawkwell. I traded a few for profit and am now holding and waiting for news satellite has been launched. Director's bought more shares.

£AZEM - is holding and so I bought back after my fat finger sell the other day.

Carclo (LON:CAR) heaved down today, no idea why. Glad I sold half and will continue to hold for now.

Cairn Energy (LON:CNE) - I can't keep away, bought a few.

Diamondcorp (LON:DCP) rose nicely today, thank good ness I bought back.

Entertainment One (LON:ETO) - I sold and bought back cheaper. The Naked Trader asks why trouble in Libya will impact sales and he could have a point. My hope is that it would hold the trendline but it didn't, so this trade may not last very long.

First Artist (LON:FAN) - bought and sold!

£GCL - I sold and bought back and sold again. Ooops.

Central China Goldfields (LON:GGG) - sold and bought back

£ICG - sold

Indian Energy (LON:IEL) went straight back up after I sold so I bought back and caught the rise.

Microgen (LON:MCGN) appear to be doing well so I bought some.

Noble Investments (UK) (LON:NBL) -sold

Nautilus Minerals (LON:NUS) - sold

Omg (LON:OMG) - bought

Porvair (LON:PRV) - sold

Range Resources (LON:RRL) - I bought a few more into weakness

Specialist Energy Group (LON:SEGR) - sold a few, holding the rest

Sterling Energy (LON:SEY) - bought because I think it's oversold

Senior (LON:SNR) fell with general market weakness, so I bought a few

Valirx (LON:VAL) - sold

Vectura Group (LON:VEC) - sold

In summary, I am down on the week by about 1.5% but of course the week isn't over.


Please keep in mind that all comments made by Susan Marmor are for educational purposes only and should not be construed as investment advice regarding the purchase or sale of securities, options, futures or any other financial instrument of any kind. Consult with your investment advisor before making an investment decision regarding any securities mentioned herein. Susan Marmor assumes no responsibility for your trading and investment results. Susan Marmor does not warrant completeness or accuracy for any observations made herein, or warrant any results from the use of the information. Susan Marmor may have a position in the securities and/or otherwise employ trading strategies that may be consistent or inconsistent with the provided strategies. There is a very high degree of risk involved in any type of trading. Past results are not indicative of future returns. Securities, options, futures and any other financial instruments can go down as well as plunge.

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Laura Ashley Holdings plc is a United Kingdom-based international lifestyle brand, which specializes in retailing furniture, home accessories, decorating and fashion products. The Company's furniture product category includes upholstered and cabinet furniture, beds and mirrors. Its targeted range of gift products include coordinated bed linen, design led lighting ranges and soft furnishings. Its decorating product category includes curtains, blinds, fabric, paint, decorative accessories and wall coverings. It also has various licensing partners manufacturing and supplying products, such as carpets, shutters, kitchens, tiles and cookware in the United Kingdom, Europe, Japan, America and Australia. It has five store types: 130 mixed product stores (selling all product categories), 50 home stores (selling home products), 24 home concession stores, four gifts and accessories stores and one clearance outlet. The Company has retail stores based in the United Kingdom, Eire and France. more »

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Avanti Communications Group plc is a United Kingdom-based company, which is engaged in the provision of satellite communication services. The Company offers services in Europe, the Middle East and Africa (EMEA) regions through Ka-band satellites. It sells satellite data communications services to telecoms companies, which use them to supply enterprise, institutional and consumer users. It owns a multiband satellite, ARTEMIS. It has customers in various industry sectors, including energy, government, oil and gas, and finance. Its products include PURE bandwidth, which is suited for satellite service providers and supports various satellite-based data communications application on vendor's Ka-band hub; CUSTOM, which delivers Internet Protocol (IP) data connectivity for service providers and supports various applications and service levels, and SELECT, which equips service providers with a range of broadband service levels to meet a range of market needs across EMEA. more »

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9 Posts on this Thread show/hide all

Fangorn 24th Feb '11 1 of 9

I wish the week was over personally! :)

What a tough one it has been.

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smarm 25th Feb '11 2 of 9

Looks like your wish has come true. LSE 'dead'. What a farce. Hope week not been too bad for you.

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Fangorn 25th Feb '11 3 of 9

Not too bad. More a case of erosion of profits as am more of a LTBH rather than a trader, and some of my resource stocks have literally imploded! eg RGM/RRR

Lots of interesting things on the go so who knows how the year will proceed. :) Libya certainly a spanner in the works that's for sure - high Oil price as you said impacting on VGM...

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smarm 25th Feb '11 4 of 9

In reply to Fangorn, post #3

VGM doing two feasibility studies re power and will decide from there on best option to do own or team up with Fiji Sugar. I'm still holding but won't let it fall through my stop.

I've never really understood RRR or RGM but just to show I'm not prejudiced against stocks starting with R ;-), I do hold RRL.

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Fangorn 25th Feb '11 5 of 9

Yes the alternative power angle is an interesting one. VGM is a long term hold for me, with additions on dips. Am also looking to buy MML on weakness, and CEY (if there's a very large Egypt related pullback - something around 100p mark is my target)

The small miners are an interesting bag, so much going on there and the potential is huge. Both for RRR, as well as others such as Bao, WTI, RMM etc.

Nice call on RRl - I take it you've been actively trading that one?

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smarm 25th Feb '11 6 of 9

In reply to Fangorn, post #5

I'm a big fan of MML, more so than VGM, which has been in a downward channel since January.

I hold a few BAO, a lot of WTI, a few RMM, a few ZIOC and even fewer BEM. I figure copper and iron ore good recovery plays, I just hope the price of oil doesn't derail everything.

To be honest I have completely messed up RRL. I can't bear to tell you where I first bought and sold it but for now I am in it and staying in it for the drill results. Gulp.

I also like AYM, which I bought today for the first time and I also bought a few EMED, which gives exposure to KEFI, which I bought and then sold when it fell this week.

I don't know that I've handled this week that well, it's just been a gamble that the cost of holding won't exceed the cost of selling and buying back. I've calculated latter at about 2%....and this week I lost 1%.

Slightly nervous re this bounce but feel reasonably sure that going short and/or selling my portfolio was the wrong thing to do when the market was being moved by news driven events.

We wait.

I will update highlights over the weekend. I'm not sure this format really works....a bit confusing I imagine...any thoughts?

Have a nice weekend.

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Fangorn 1st Mar '11 7 of 9

Apologies for the delay in response. Was away for a long weekend in Cambridge so plenty of bulletin board forum postings amongst other things to catch up on this morning.

Have been trying to get some BAO myself today, despite failing miserably and paying the offered side for the last 35mins of trading today.Wasn't up to speed first thing this morning so missed the nice bounce on the Tete news. Holding RMM, and WTi. Not really looked into BEM(Beowulf?) and ZIOC.

RRL looks like an interesting one.Quite a rise over the last month or so.

Still procrastinating myself over Emed and Kefi - will the first licence in Saudi ever be awarded!

Have got quite used to the format it has to be said that you use. It's short and to the point on what you;re up to.No point engaging in time consuming cosmetic/presentational changes imv - time which you could better spend trading/analysing/following stocks.

Hope your weekend was a good one. England beat France :) So all smiles over here. And the Cricket was superb too.

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smarm 2nd Mar '11 8 of 9

In reply to Fangorn, post #7

Weekend seems a long time ago! LOL.

Hope you're week going OK, the market is all over the place but broadly numbers out of US looking OK, so we must just cross everything that ME problems don't carry on for too long.

As I type DOW gone negative. This is going to be a long week.

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Fangorn 2nd Mar '11 9 of 9

I suspect it is going to be a long month!

Political machinations in North Africa/ME the driving factor. People seem far too eager to oust regimes they have an inherent dislike to without recourse to what might replace them!

Another down day.

Wish someone would hurry up and bid for SOCO :)

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