On 20th April 2015 I had written and posted here an article introducing my £20k portfolio constructed and based on the StockRanks with a 6 monthly update.  It was my attention to bring an update to this portfolio once every quarter.  However one of my holdings LON:PLUS has had a bit of a dramatic day closing down a massive 36% despite having a StockRank of 98.

So what happened to the PLUS share price?

Well at around 3pm today FT Alphaville posted on twitter a link to their new article on their PLUS500 series,   Plus500 requests your patience – Update 2 .  Information had emerged that some UK customer accounts are suspended pending customer verification measures.  From what I understand new members could open an account with this Israeli based CFD provider and start trading without actually having to provide proof of identity.  Apparently it is when a customer then requests to withdraw their money then Plus 500 required proof of identification, like driving license, utilities bills.  I guess this would save Plus 500 a whole heap of administration time considering that since most customers actually lose at CFD or any other leveraged trading then I suppose on the flip side so few customers in comparison actually have money left to withdraw!

Later in the afternoon PLUS put out a Statement regarding recent speculation and subsequently the share price continued to fall at one point to over 40% before pulling back and closing at 478p.

So the stock has tumbled and I claim to be happy?

It is never a nice day when one holding tanks like this, of course it isn't and of course no one likes to lose money.  But the reason that I am happy was because I learned a very important part of being a StockRanks Farmed Investor and it is all about portfolio management.

I want to now draw your attention to my StockRanks based portfolio as of close of business in the UK Monday 18th May. 


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Highlighted in yellow are two numbers.  Can you see them.  Next to PLUS reads -32.6% and the other yellow highlight on the top right hand of the screen is -2.1%

Today my portfolio has been reduced by 2.1% even though PLUS reduced to -32.6%.  can you see my point coming here?  32.6% drop looks quite frightening BUT 2.1%…

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