Day 4 - Trade log, profits & musings

Some profits eventually !!

I am very excited - although it is a small victory considering I am still down 11% but it is a move in the right direction.

I closed another bet; iomart (IOM) before it hit my stop loss but I just felt this stock was going nowhere so I cut it.

Funnily enough both bets I have now closed have been for AIM listed stocks. I had three AIM listed stocks initially; iomart, Smart Metering Systems and Nichols and I have already sold two of them!

And, by the looks of it, if Nichols continues its slide I am going to cut it as well – it is down over 2000% on yesterday (although to be fair in Pound terms it is only £62 in the red) – but still, maybe all you read about not investing in AIM listed stocks due to their inherent risk is correct – I have been burnt !

Let’s see what happens with Nichols.

But back to my profits – I made £374.58 today – so that leaves me with £2368.99 in losses compared to £2347.57 from yesterday. Let’s see if I can continue this trend tomorrow.

Now that I have closed two bets, maybe I should open two more. 

I have two on my watchlist; Petrofac and Costain. They operate in gas & oil and engineering & construction respectively.

Any suggestions, comments, feedback on either of these two stocks most welcome.

Until tomorrow dear readers...

stock	Entry Price	Latest Price	Profit/loss	% on prev day
Paypoint	842.6	873.4999	624.78	77.67
BSkyB	762.3	775	281.66	65.06
TalkTalk	220.15	222.2	158.47	222.87
Ryanair	478.2	494	563.91	159.41
Nichols	852.1	849	-62.91	-2247.39
Aveva	2053	2025	-231.89	-811.88
Headlam	320.3	314.75	-297.82	37.96
Halma	438.89	437	-74.62	9.21
Intertek	3097.1	3088	-50.96	-236.77
Ladbrokes	196.99	192.6	-382.82	-22.3
Bodycote	405.61	412.3	281.72	17.53
VP	350.62	340.8825	-475.59	-27.8
SOCO	366.41	359.7	-314.59	-372.36
iomart	202	192.1	-839.89 (SOLD)	-10.02
Anite	139.15	135.0945	-499.71	-15.41
Lookers	75.69	76	69.22	-0.33
Sepura	96.24	95.75	-88.13	33.44
Daily total			-1339.18
Running total			-2368.99
Diff from previous day			374.58