Highlights from my portfolio 02/03/2011

2nd Mar '11 by Susan Marmor

10 comments 17504 reads

Things have been a bit busy.

Alterian (LON:ALN) - continues to be sickly. I should have sold but will now wait next set of numbers.

Laura Ashley (LON:ALY) have said that they are to beat expectations. Still trading in a consolidation.

Andor Technology (LON:AND) - I have bought back. Sold 456, bought back 448. The chart is not encouraging so will be out sharpish if it turns on me.

£ being shorted by hedge fund and Simon Cawkwell. Lots of press/T1ps coverage. I don't know who is right or wrong but Director's are buying stock in quite large size. I'm prepared to wait for news the satellite is operational.

£AZEM - has managed to get back over £3. Looking good.

Baobab Resources (LON:BAO) - I keep on thinking that has gone too far and selling and then buying back. Not smart trading. The news is good, perhaps I should just shut my eyes for a while.

Bango (LON:BGO) came out with a profit warning after I sold, which was smart of me or nice of it!

£CAPD isn't working for me and into a weak market I sold my remaining stock.

Carclo (LON:CAR) remains off highs. I haven't bought back the 50% I sold but am stil holding.

Cairn Energy (LON:CNE) - has been volatile but I guess we're waiting for outcome of VED deal and in the meantime the price of oil isn't hurting.

Centamin Egypt (LON:CEY) - last update I typed SEY instead of CEY. I bought because they were oversold and then I panicked when Egypt said they were banning all gold exports. The Company was fast to say it didn't impact them but I decided there are safer places for my money and sold for, er, a small loss.

Communisis (LON:CMS) has been a bit of a disaster trade. It's on a warning.

Diamondcorp (LON:DCP) has been weak since…

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Fangorn

2nd Mar '11

Been trying to buy BAO myself all yesterday. Despite paying more or less at the offer, 27.7p yesterday, for the last 45 minutes of trades (when,according to some on advfn trades were going through at lower) I failed to get filled. Was only looking for small size myself 8000-10000. Bit miffed. Up a sizeable amount again today, not chasing.

Know the feeling regarding OTC- hanging tight myself. There was some decent institutional buying at 1.50 recently so Imv it will hover around these levels for a while until we get further resource news. Not as much of a dog as ECR :)

Still, fairly well diversified so fingers crossed EO pulls it's finger out - and Soco gets bid for. Oilies the way forward imv this year. That and Silver. Although AGQ has been rather sickly recently. Topped up three times around 40,41, and 42.5 mark....

Pondering what to invest in on the rare earth front currently.

Susan Marmor

3rd Mar '11

I'm surprised re BAO, I have found to be quite liquid.

OTC just seems a bit overvalued to me but they can easily, they tell me, increase measured resource. I got some pre IPO so have done nicely.

Rare earths. Hmmmmm, tricky one. Every wind turbine has a pound of rare earth metals in it, and I'm told it's the magnetic quality that cannot yet be replicated. I am a pre-IPO investor in Canadian Namibia Rare Earths and they will be speaking in March, hopefully with news of the IPO. Only a small investment.

Yeah I'n not too impressed with the online broker I am using. Was bidding 27.7 for the last 45 minutes of trading - their quote was 26.5-27.75 or thereabouts. The offer was definitely at 27.75 - the trade was on 45mins to no avail yet, according to one advfn poster, during that time I had it active there were trades going through for 27, and even 26.75!!!! Which I find amazing as I was only bidding for 8000-10,000.

And now its up again today, not chasing it. Wasn't prepared to chase it yesterday so missed the rise. Seems to be alot of hot money there was well with the series of fairly imminent results expected over the next few months.

Not chasing stuff has stood me in good stead over the years :) Thankfully I didn't chase VMP either, what a shocker that has been......

Re OTC - I'm hoping institutional investors at 1.50 are going to hang tight, as I similarly intend to do...definitely a long term tuck em away in the bottom drawer investment imv. Only time will tell.

On the rare earth front I believe FTE have some exposure, allegedly. Seems from an initial cursory glance that most of these companies are listed in Canada!

"Canada’s Great Western Minerals Group expects to produce about 2,700 tonnes per year of rare earth metals from its Steenkampskraal mine in South Africa."

or

"Canada based Stans Energy Corporation is currently focused on developing mining properties in Kyrgyzstan. The company acquired the mining license for the past-producing Kutessay II rare earth mine in October 2009 and is now gathering and analyzing its historical data"

I'd be particularly interested in something revolving around that final frontier, Greenland. :)

So much to do, so little time

Are you using DMA for buying stocks or was it a spreadbet (BAO). No, I wouldn't chase it but the news does seem to get better and better.

I haven't really made a study of rare earth opps but will take a look.

Greenland. I've crossed everything for CNE this year. I wait.

I'm using TDW, on a paid in full T+3 basis. Never spreadbet..

yeah tbe BAO news , and there's alot of it still due, is looking promising.But the hot money (all those T+20's no doubt as well) is trully flowing in over the last day or so.And again today.

Rare earths more of a punt. looking to increase exposure to gold, silver, copper, iron in the main. And of course Oil.

So how did you not get filled? You put in a limit order, is that it?

Yes I put in a limit order at 27.7 - given that it traded substantially below that for the45mins my bid was live (@ 27 in 7000, @ 26.5 in 5000) I'm surprised to say the least that I was not filled.

Did you question TDW? I never use limit orders to buy....because I forget about them and inevitably get filled on the way down!

No I didn't question them as I suspect there is little point in doing so. Not as if they'd be able to fill me at my specified level as the stock was up 6% the next morning - they of course automatically cancelled the trade at the end of the trading day when the bell went.

I tend to use limits alot myself,particularly when I'm after a stock in a falling market.No way am I paying offered side.

Dutch

17th Apr '12

Not sure I follow the Fiberweb debt increase comment I thought it had a net cash position. Happy to be corrected and construcyive negative views welcome to balance my rather positive one at present on this co.

Highlights from my portfolio 02/03/2011

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Susan Marmor

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