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The market likes biting you just when you think you're doing well...
Surprise!! Yes, they are still going up! The UK market doesn't seem to care about our debt or the trouble we are in - the only thing that counts is following the US.
Wow. Great results from Nestor Healthcare (NSR). I can see why they've been rising. I'm up more than £5,000 now including the spreadbets. On those figures I'm not at all tempted to cash in yet. Indeed.. can you guess what's coming?
Yes, right! I bought some more! This time another 8,000 at 51.9. New target for these is 70p. I think there is another 25% upside here.
The directors waded in and bought shedloads of shares after results yesterday at the same price as me! One bought a whopping 100,000 shares! Another bought 80,000 and another 20,000. That's a big show of support for their own company. And broker Investec has a similar target to me (69p) saying " The business operates in attractive sub-sectors, has a strong management team and is building increasing momentum." Nestor remains one of Investec's top picks in the sector.
I suspect I might even hang onto them in the longer term even if they hit 70p but I'll wait till (hopefully) then to decide.
Pace (PIC) tumbled after results because they said growth would be in single figures after some terrific growth last year. But the figures are still brilliant and I felt the sell off overdone and was waiting for the turn. I got £30 on a spreadbet at 175. Target 210 stop 165.
Hardy has done me before so I was keeping a beady eye on it, deciding to quit if it dipped below 220 which it did and I went at 218.17 for a small loss of £94.
I have so many massive profits - only thing is they're not real till banked but I'm taking the chance and running them further.
Recent buys go well! As well as Nestor, Corin has been rising very nicely and I'm very hopeful of my 80p target on these.
Top up Petrofac continues to soar! Now over 1200 which is fantastic. Profits for the website now hit over £16,000 and I reckon I should end up collecting £20,000 on these.
Recent buy Harvey Nash continues to rise - indeed it is nearly up to the target price already with nearly 20% bagged. But, with such big buying going on my finger is not on the take profits button yet..
The two volatile plays Afren and Centamin both in good profits now with both motoring up towards my short-term targets.
Spirent is really going for it! The top up goes really well and it doesn't look long till it joins the list of doublers. After cracking 120 it's trying 125 as I write.
Sadly neither Dialight or Carclo got into the small cap index because of liquidity issues, management at both cos should sort this out so they get included in June - they both deserve to be up there.
Long-term doubler Chime reported a decent set of results today and I'll carry on holding there.
PZ Cuzzons continues to look good - bit of profit taking in the late 280s but now on the up again and 290 in sight. Little gamble Asterand is already paying off - rising nicely in the run up to results later this month.
Micro Focus goes well now and up again today but can it break 500 again? Dimension Data has gone up even more strongly over the last couple of days after its excellent statement and now up more than £3,000 already on the big spreadbet I have on it and more than £1,000 on the standard trade. Trying to conquer 95 still.
SDl has dropped a little this week but still giant profits and it's heading back up today. Long-termer Heritage is on the march again. Axis goes well and is attempting to get back over 400.
A brilliant time for the portfolio with massive profits building up everywhere.
Of course when you're doing well you have to be careful! The market likes biting you just when you think you're doing well...
The investments and other products referred to on the Naked Trader column should in no way be considered "advice" to buy or sell anything. Naked Trader information is given in general terms only and does not constitute personal advice to any individual. Investors are responsible for formulating and applying their own strategies based on their own personal circumstances. Naked Trader recommends that you obtain independent financial advice from an FSA-authorised intermediary before investing money. Information given in previous editions of Naked Trader daily updates may become outdated and should not be relied upon unless confirmed by recent comment.
Other articles in The Naked Trader column
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11/03/10 A fascinating time, how far can this rally go?
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05/03/10 A very pivotal time - we're pretty much at where the market topped out before
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04/03/10 Is it all too much and is 5550 the top for now?
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26/02/10 Where on earth is the market going?
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25/02/10 A pretty strong showing over the last few days - can it last?