I have some doubts and would not be surprised to see a fall. I'm not a forecaster but lots of things look priced about right for now - it's a matter of where we will be in a year from now. Your guess is as good as mine and I can't guess it.
I've bought some Axis-shield (ASD) - been eyeing these up for some time but they looked weak over 400 so I've been waiting for a lower entry and I think I got it, we'll see. A tricky one to get right so would take a small loss quick and buy back lower if needs be. I bought 1,000 at 369.9, target 450 stop 345.
Cholesterol busting drugs could be a massive winner... its desktop Afinion system are tapping a growing market for such drugs. There are now 5,000 Afinion systems installed in clinics and doctors' offices and it is on track to install a further 2,500 new machines.
New Britain Palm Oil (NBPO) has been a good doubler and a half and I wish I hadn't taken part profits recently. I saw some strong buying volumes early this week so topped up getting 800 at 474.7. Today I can see why: it's making an acquisition and full-year figures look good. Target 550 stop 420.
I've had a tiny gamble on Asterand (ATD) getting a small 10,000 at 16.3. An interesting little biotech that might come good but that could take time - at this sort of price though for a small amount for an interest it's worth it I think. Target 22 stop 14. Market-makers have a wide spread but I could deal well inside it.
I topped up on Carclo (CAR) getting a further 1,500 shares at 165 to add to the ones already bought at 127. If commercialisation of its CIT technology takes off the shares could be worth a whole lot more and this one could be a big winner for 2010. Target 250 stop 120.
I'm having another bash with a short on Next (NXT) with a £5 at 1940, close to where I put it on last time. Target 1800 stop 1970. Retailers look like they're having a bad time since VAT went back up. A tricky short though as it can rise as fast…
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Robbie Burnsie
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