DECEMBER 14, 2010
Off for some sun
Jan 12Th
Real apologies, next update will actually be on Friday Jan 14th... I've got appointments today and tomorrow that I forgot about, really sorry - had a great holiday and good time on the markets too and I promise a bumper update on Friday - see you then!!
** My new book - about spreadbetting - has just been published, you can order it here:
http://books.global-investor.com/books/401334.htm?ginPtrCode=10453
Welcome to any new readers coming to the website from the new book, I would suggest you read the spreadbetting book in conjunction with Naked Trader, available here:
http://books.global-investor.com/books/27120.htm?ginPtrCode=10453
**
** Updates Resume On Jan 12Th **
I am completely knackered after the seminar yesterday which I hope means I'll be totally gone on the plane and will go straight to sleep! Wouldn't it be nice to sleep for the whole 12 hour flight?
I got home in the early hours, immediately typed up the notes which all of you who came to the seminar should now have received.
I guess I first of all ought to wish you all a Happy Xmas and New Year. I'll try and think of you huddling together in the cold while I'm sitting by the pool sipping cocktails in the sun! But maybe I won't!
Let's see, the forecast for Wednesday is zero degrees for London and, erm 32 degrees and sunny for Capetown... I think I read about arctic weather heading for the uk... tee hee!
We are pretty much packed and ready to go. Christopher is extremely excited and so are we.
Grandpa is here ready to enjoy Xmas here along with Grandma and I think he now gets how to watch the live football. To be fair our sky box does get a bit wonky so I showed him how to fiddle around with the aerial socket! (Yes it is time for a new Sky box).
He also knows which plants to water. I even ordered the Daily Express every day for Grandma and The Times every day for Grandad. That'll be a nice surprise for them.
Do I trade while I'm away? A little but I try not to do much. I take the laptop, the internet connection is very good over there and even better the market doesn't open till 10am SA time.
But it's a holiday so I try hard to do an hour or less on the laptop. And it's 15 mins max for emails, so..
E-mails while I'm away. Normally I try and answer every email unless it's a bonkers one within one or two days. However while I'm on holiday I'm going to look at them for 15 mins a day.
So if I can I will reply but if you don't get a reply you'll get one on my return.
If you want details of a seminar, or anything else which I can reasonably cut and paste in I should get back to you.
But if it's a complex question, you're telling me your life story, it's more than 100 words etc you won't hear from me till the new year. After all, a holiday is a holiday.
I would plead with you to click FAQ up above on the site before mailing me as that's where I have left the answers to the most frequently asked questions I get on email so please try there first.
If you're coming to either the Feb 4th seminar or the follow up one Jan 21st, full venue details will be with you in early January.
Great to meet so many of you at the seminar yesterday!
I know a few of you were stressed as the M4 had big traffic jams and there were a few latecomers, but I think you all settled in quickly.
And congrats to those of you who won some cash off me in the great Xmas cracker contest which went on for most of the day.
Especially to those of you who found £50 notes lurking inside, have a drink on me!
Of course thanks to Christopher for all his hard work putting out the chocolate bars though pretty certain I saw one or two of you sneaking him some chocs.
Well, at least he kind of sees the kind of thing Daddy does when he's away from home. He went home after lunch because he was feeling a bit sick - but he is fine now!
I think he was quite impressed that very occasionally I really do some work and I'm not rolling around the house in pyjama bottoms.
Sorry I couldn't prop up the bar this time but rushed home to type up the notes which I hope you all have.
Thanks for being a great and attentive audience and it was good to see so many attentive faces still there at 9.30 when I brought proceedings to an end as I was totally knackered.
So, raced home and finished typing up the notes at 1,30am - then writing this stuff then it's on the plane!
What can I say about 2010? I made more money than ever before - but money isn't everything.
We had a really enjoyable year, lots of things to do, we visited lots of places and saw lots of friends - went to a music festival and (kind of) camped, spent a week at a castle, fairs galore, and I'll shut before this becomes like one of those tedious Xmas round robins.. ("And Tommy won grade 1 at piano....")
(But Christopher had a good year at his new school!)
So I do wish you all a fabulous Xmas and New year and see you again in January.
The next seminar is on Feb 4th which is now open for booking! Mail me at robbiethetrader@aol.com with "Feb seminar interested" in the subject line.
Beginners and improvers welcome! Come and spend the day with me, the markets and some lovely people - and of course, lunch!
If you mail me I will then send you details and a full agenda of what is covered. Also more details below somewhere.
My seminars are designed for beginners, dabblers and improvers and deals with everything from how to look for winners, how to research, spreadbetting, level 2 use how to time trades and short, how to use advfn properly and run your portfolio without having to spend money on systems and tipsters.. and tons more.
A lot of the day comes directly from the live markets and I show you many of the tricks I use to get good prices live. And there might even be the odd live trade or 2!
And there is a follow up one based on live market timing using level 2 and the order book plus share research all day long on Jan 21st. You must have been to a seminar before to qualify - it's for a small group only and it is filling up fast. First come first served. Mail me if interested in that one.
I get quite a few mails asking what magazines or news services I subscribe to etc. Well, hardly any! I get the Investors Chronicle delivered.
However I do subscribe (£8.99 a month though take the yearly option at 20% discount to that) to a daily email which is my main source of news about such things as broker upgrades, main news items, analysis of stocks and markets, forthcoming company statements and events, stock recommendations and targets from the top brokers, what kind of earnings expected from companies and a whole heap more useful stuff.
I sometimes get ideas from this for companies to watch or monitor or even buy. And it's handy to get a summary of what the brokers are saying and looking at future earnings etc.
It usually arrives around 5ish every day.
I contacted the people that put it together and they offer a free 14 day trial of it to my readers - so you can cancel after 14 days if you don't feel it's useful enough.
Once you cut and paste this link into your browser, click "uk 14 days free trial" then I would go "yearly option" which gives a 20% discount making it just over £7 a month, as you can still cancel seems worth it. Hope you find it useful like I do. It's one of the few paid for news services that has really impressed.
http://bit.ly/eBPXuG
An interesting email from a reader. The thrust of it was he was going to buy a share after doing a lot of research but then it went up 12% and he hadn't bought it yet. So he felt angry.
How does he stop/halt the feelings of anger?
Well, you have to take the emotion out of trading. Which isn't easy.
I suggested he should read this book.. by Jason Zweig
http://books.global-investor.com/books/256158.htm?ginPtrCode=10453
This is the one to read on psychology. Great read.
Fancy getting the naked trader updates direct into your inbox? And a bit before it gets updates on the net including news from my pension trades made from my SIPP?
All you have to do is take a phone or energy service from the Utility Discount Warehouse at www.telecomplus.org.uk/fabdeal.
I get some commission and you get the service! On top of that you ought to make some amazing savings on your phone, broadband, or energy use or all! There's even an internet phone where you can make free calls from wi fi hotspots!
Prices are guaranteed lower than the top 6 suppliers but even better you can get huge discounts on your energy/phone bill if you shop at places like Marks and Spencers, Boots, Sainsburys and a whole load more. 5% of your spend comes directly off your billl. Many are saving a fortune from their energy bills.
So save a few quid, and get my stuff in your inbox! A win win? Mail me at robbiethetrader@aol.com with "mail service" in the subject line and I'll send you details.
Spreadbetting firm Tradefair Spreads has upped its offer exclusively to Naked Trader readers to a £100 credit. This offer is exclusive to me and not available anywhere else...
I've been using them for a few weeks to check that I'm happy with the service. As you know I don't take ads or allow referrals on the site unless it's a company I've used and I feel confident about.
What I like about it is it's easy to use, spreads are surprisingly tight on the smaller companies and interestingly an automated stop loss is applied to each trade - so beginners know what their max loss is from the outset.
Anyway they now offer a £100 credit as long as you deposit £100. You get the credit after you placed 5 trades (Terms and conditions apply)
If you'd like to apply for an account with Tradefair Spreads and get the freebie click this link:
http://www.tradefair.com/promo/spreads/nakedtrader100/
The number of emails to me is nearly reaching saturation point and I'm struggling! I'm getting 100s which is lovely in a way but killing me in another.
The main problem is the length of some of them, indeed some run to the length of novels, so, please, help save my eyes and please keep mails to under 150 words.. you can do it! It's close to the stage where I am going to have to say I will answer all mails but those over 200 words will get deleted. Keep them short and sweet, please!!
Also, it's possible the answer you seek from me is already in FAQ's. And do remember I can't discuss individual shares with you as it would be classified as investment advice which I'm not authorised to give.
Many of you enjoy the cheap advfn toplists bronze deal through me as do many of you with the cheap level 2. However many of you say you want a half-way house to include real-time share prices always on.
So I'm pleased to announce I've managed to seal a new deal with Advfn for its "Silver" service - that's always on real-time share prices for a good saving (Bronze toplists etc are included in this).
The deal is via me you can save £30 for your first year by paying just £138.06 inc vat via me instead of £167.47.
Just mail me for full details if you'd like it with "silver" in the subject line.
They've just re-published "The Zulu Principle" by Jim Slater who's written a 2008 update at the beginning.
This is a brilliant classic book. Reading this is a real pleasure and it was a great idea to republish.
Jim believes like I do the best gains can come from smaller stocks and in an easy to read style takes you through how to evaluate smaller companies that are about to become bigger ones - he uses some excellent examples.
Really this is a must read for all more longer-term investors or anyone looking to grow their money... a number of you have also written to me about this book and praising it.
Here is the link to buy it:
http://books.global-investor.com/books/167207.htm?ginPtrCode=10453
Here's a very topical one: The Little Book of Bull Moves in Bear Markets by Peter Schiff.
The book is all about how to keep portfolios up in a down market. He focusses a lot on how to play commodities and win with some sensible advice especially on natural resources and precious metals. He is very much a realist and there is no rubbish here: some straight talking and some interesting strategies.
Everyone who invests should think seriously about keeping portfolios up in bad times so this book should be read.
Well worth picking up at this link:
http://books.global-investor.com/books/271958.htm?ginPtrCode=10453
To order my new book Naked Trader 2 for next day delivery click this link... or the cover of the book top right!
http://books.global-investor.com/books/27120.htm?ginPtrCode=10453
Several people have asked me for a recommendation on a book which shows how to study accounts in a reasonably easy way. The one I like the most is http://books.global-investor.com/books/15717.htm?ginPtrCode=10453 by Robert Leach. Ten crunch questions to ask before buying any company.
It' s a decent easy-to-read book with several key chapters and it's highly recommended. It's one I keep and dip into from time to time. To order, click this link... http://books.global-investor.com/books/15717.htm?ginPtrCode=10453
The best book on charting and easiest read on the subject is http://books.global-investor.com/books/15618.htm?ginPtrCode=10453 by Alistair Blair. Click here -> http://books.global-investor.com/books/15618.htm?ginPtrCode=10453
Another good one is the second edition of http://books.global-investor.com/books/23792.htm?ginPtrCode=10453 by Peter Temple. Included in this one is how to use spreadbetting, CFD's warrants and trackers to reduce risk. And there are some decent trading strategies too.
This is an excellent book for new investors and also experienced ones. It explains all the things you may not be sure about in the markets and will explain the tools that are there. To order The Investors Toolbox by Peter Temple (new edition) click the following link for delivery in 24 hours... http://books.global-investor.com/books/23792.htm?ginPtrCode=10453
Naked Trader Seminar Latest News
(Dec seminar is sold out)
Fancy spending a day with me, learning all the ways I have learned over the years to find good shares and play the markets? Well, you can at one of my seminars!
Booking is still open for the Naked Trader Xmas seminar on Friday Feb 4th
Price is £550 plus vat. There is an early bookers discount currently available.
That includes three course lunch, coffees, snacks etc. There is an early bookers discount currently available.
The seminar is mainly aimed at beginners and dabblers though improvers are welcome too.
Topics covered using live market feeds all day include: Market psychology, level 2 - a simple guide to how to use it for better timing; how to value companies; finding companies that are about to rise. I will also cover techniques for handling events such as the recent meltdown and volatility.
Spreadbetting: How to use it to gain an edge and go short. Market makers - how they work and how to beat them; how to stop losing money and make it instead and plenty more.
How to plan trade entries and exits - how to research companies and understand reports, plus all those niggly questions you always wanted to ask. How to set stop losses and targets. Charts and how to use them.
Also covered: Market maker tricks: How to spot tree shakes and use them in your favour, How to tell when NOT to buy a share. I use live ADVFN all day with lots of level 2 and looks at all kind of live market data.
The idea behind the seminar is SIMPLICITY. I don't use jargon or fancy words - everything is in PLAIN ENGLISH! No question is too stupid and the event is held in a friendly relaxed and supportive environment.
The idea is you will come away from the event I hope a wise and better investor with lots of new ideas. I try and translate complex topics into easy bite size pieces. I also aim for it to be entertaining as well as instructive.
If you are interested please e-mail me at robbiethetrader@aol.com with "Xmas seminar interested" in the subject line and I will send you full details of the event including comments from those who have come to previous seminars and you can then decide whether you would like to come. See you there! Or if you prefer Feb 4th mail with "Feb seminar interested"
One seminar attendee Clare wanted to write a testimonial about her experiences at the seminar which follows now!
"I've just come back buzzing from one of Robbie's seminars. What a day! He's just brilliant, and manages to pack an awful lot into one day, and with his enthusiastic and humorous delivery the day just flies by. There are no gimmicks, no sell, no "˜get-rich-quick' promises, just his own solid, sound approach which he has learnt over the years and which works.
He shows you how to minimise the risks and maximise the profits and points out the banana skins on the way. Where the seminar really comes into its own is when he teaches using live level 2. Hearing him talk through his thought processes and reasoning is invaluable, and really brings home everything from the book. He has endless patience answering peoples' questions, and really seems to care that everybody understands.
On top of that, you meet some really nice like minded people and swap e mail addresses, you're plied with
chocolates and coffee all day, have a great lunch and spend the evening getting tiddled with Robbie in the
bar afterwards! You might even get to see the amazing crocodile boots . . . .
Don't worry about the cost, it's easily worth it, and you'll soon make it back with your new-found investment skills, and in what you're no longer losing. If you're thinking of going along to his next seminar, whether you're a novice or an experienced trader, don't hesitate ""just go!
Thanks Clare, did you want the tenner in cash, or will a cheque do?
£100 Tradefair offer
So there's now a £100 credit on offer for anyone opening an account via me. You get that after 5 spreadbets (terms and conditions apply)
To get the offer, click here:
http://www.tradefair.com/promo/spreads/nakedtrader100/
Naked Rambling
Are they kidding? Everywhere I go seems to be packed out.
I wonder how busy things will be in the stores in Capetown? I remember last Xmas we were there the stores were very busy, indeed a lot of them stay open on Xmas day.
I expect people will be loading up on larger electrical items before VAT goes up in January.
Looking forwards to watching the last two Apprentice shows
Looks a pretty close run thing and unusally it's hard to pick the winner. I wonder if outsider could surprise? Such as Stella. Lord A keeps saying she is too corporate but she says she was brought up in a council house. Could she win the day?
Or will Sir A fall for the tall stories of The Brand? Hmm, interesting finish in store!
Great to see Pamela Anderson doing well in Strictly. The BBC seems to have taken off air any woman over 40 which seems a great shame. I for one am more than happy to see maturity on TV whether it's news or entertainment. So I hope she wins it. I wonder what odds I'd get on a Pamela/Stella double?
Forecasters say a White Xmas is now a "certainty". Which means we can almost guarantee Xmas Day will be snow free!
What a weird year it's been politically. At least we got rid of Brown, easily the worst PM this country has ever seen, and the worst Chancellor. And yet he carried on boasting in his book about how amazing he is. How deluded can you get?
The Cameron/Clegg partnership is a bit weird. Takes some getting used to and it will interesting to see how the economy goes in 2011. As for Ed Milliband. Oh dear oh dear. Will be still be leader at the next election? Somehow I doubt it.
I'll be back with more rambling in the new year.
The spreadbetting firm I use for sports betting is here:
Via this link Open a Sporting Index account and there's £300 total goals bet on offer - please check terms and conditions which apply.
http://www.sportingindex.com/?tpid=6755
Do remember if you do bet you ought to treat sports spreadbetting as entertainment - and expect to lose! Also with spreadbetting work out what your max loss could be and make sure you can afford it! In other words if you say backed the favourite at 15 for a fiver and they come nowhere your max loss is £75.
Naked Mail
Having Read your books, followed your recommended reading lists and attended your seminar....
I have to say, I unreservedly agreed with all your teachings/strategy and now follow them to the letter...except one area... the impact of the "Bid Offer Spread"....
My thinking was that- it does Not really matter- the different between 3% & 8% etc.... if you find a good buy.
Now I have began buying/trading, I completely agree with your thinking on this area.... they have a far bigger impact than I thought... especially when investing at c£3k each time.... and immediately seeing how much I was down on the purchase.
Lesson learned....the hard way!..hah hah.
Glad you like my stuff! Yes, it does matter over time and it's always best if possible to try and get the price when the spread is small as I hopefully showed live at the seminar..... often the worst time to buy is at 8am when the spread can be way too much.
Duane writes:
Wanted to say a big thank you to you and Mrs NT for an amazing day of learning and fun at your seminar.
The way you explained the share trading from start to finish was understandable and really interesting, well worth the seminar fee!
It was great to hear such down to earth and honest assessment from a successful trader like yourself. The way you explained everything was good revision from your book and gave further insight into successful share trading.
I particularly liked your live trades and going through your accounts when you gave snippets of why you invested in certain shares and why you kept/dumped them. Also helpful was the way you searched for prospective shares and within minutes discounted them or put them on a short list for further examination and correct entry points. Amazing!
You could really tell that you loved doing what you do and your energy levels to keep going till 10pm was well....... I had to leave at 9pm I was shattered!
Thanks again Robbie I am keen to put into practice what you have taught me. Even though you make squillions from your trades and I am sure don't need to do the seminars for financial gain, but please keep doing those seminars for newbies like me!
Thanks Duane! Don't expect to be doing them foreever but very rewarding for me to help people so expect to carry on for a while longer.
Helen writes:
Thank you very much indeed for your superb seminar on Friday. Many factors that made it worthwhile, however your talent in communicating so clearly, in a way that was accessible to so many people, really stood out. I now clearly see the error of my old ways of buying at quite the wrong times and lacking a businesslike attitude. Time to turn over a new leaf. DMA was fascinating, along with being taken through your thinking and decision-making
Thanks Helen. Yes, learning direct market access and how it works can be very useful indeed. Glad you enjoyed the day!
Terry writes:
Fantastic seminar.
I have always been sceptical of the public testaments you see on web sites
saying how great an event was. Now I'm one of those people!. I
genuinely believe that the tips and techniques as well as the overall
approach you demonstrated will radically improve my trading performance
Thanks Terry, well all the testaments are real but know what you mean and glad you feel it was worth it!
John writes:
Thanks for a great seminar last Friday, everyone I spoke to enjoyed it and marvelled at how you kept going so long; you certainly gave value for money.
If the seminar taught me anything it was how to trade in a more professional and detached manner. I realise up till now I was just playing at it.
Thank you once again for a fantastic day that will remain with me for the rest of my life.
Thanks John, though my wife sometimes complains I go on for too long.....
I have 3 great offers from ADVFN.
ADVFN level 2 offer
First great deal: If you want level 2, though me it is only £305 for your first year including VAT!
This compares to £432 direct from advfn so this deal saves you over £120! ADVFN level 2 also includes all the live trades made through Plus Markets which I find invaluable.
To accept this great deal just e-mail me at robbiethetrader@aol.com with "Level 2 offer" in the subject line and I will tell you how to get it. Level 2 gives you access to all the market maker positions and the order book and I would not trade without it! More on level 2 in my book and I spend hours on it at my seminars.
ADVFN Bronze Offer
To take up the offer, e-mail me at robbiethetrader@aol.com with Bronze in the subject line and I will tell you how to claim the deal.
Bronze is included inside the level 2 deal.
Advfn Silver Exclusive Offer
The deal is via me you can save nearly £30 for your first year by paying just £141 inc vat via me instead of £169.20.
Just mail me at robbiethetrader@aol.com if you'd like this deal with "silver" in the subject line.
Selftrade Offer
All online deals are just £12.50 with no funny small print. Charges for phone deals are higher, check terms and conditions. They also charge £35 plus vat pa for all accounts. Follow this link...
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Markets
So just to wrap up a few bits and pieces and then a review of the trading year.
What is going on? The Santa rally seems to have started early. The market has been rising since the beginning of the month which is quite unusual. Normally it starts rising from now till year end.
It's risen 22 out of 25 years between now and year end. With the short day on Xmas Eve usually being pretty good!
As usual the seminar yesterday uncovered a number of shares that looked interesting! Wish I could buy them all but with the holiday I can't.
However I've bought MacFarlane (MACF) - this one came up during a scan in the evening at the seminar and I picked up 20,000 shares this morning at 28p. Target 35 stop 25. An interesting recovery story here - management report stronger sales and debt is coming down nicely so a little gamble on the recovery in place for further upside, nice-looking upwards chart too.
I've also bought a little Communisis (CMS) 10,000 at 32.5 - again this looks another recovery play and it appears to be picking up lots of new contracts so worth a few quid of investment. Target 42 stop 29.
Abcam (ABC) came up on a screen at the seminar and I bought a tenner on the speads at 370. It had a share consolidation recently which seems sensible and what's not to like about its big growth? Target 500 stop 340. Could be a lovely winner this for 2011.
Finally Wood Group (WG.) appeared on the scan at the seminar - loved the look of the figures and the acquisition and bought a tenner on the spreads at 520. target 700 stop 490. Looks like it could also enter the FTSE 100 in the next reshuffle.
Right, I sold all my Nestor at around 111 which gives me total profits of.. wait for it ...£38,600
I guess this has to be the share of the year with the brilliant bid! And got dividends on top.
In the end might as well sell now and not worry too much about the final dividend.
Yule Catto has shot up after the surprise rights issue and acquisition, the market seems to love it and I can buy loads of new shares at a fraction of the current price which is even better! I called the spreadbet company to check and the rights issues shares will be credited to the account so that is even better!
Yule has ended up a fantastic trade and now up nearly 100 points from the first buy in!
The Betfair short has been a real winner! Massively in profit now and it tumbles another 100 points on a rather poor trading statement.
Little gamble Asterand is paying off so far - I can see why the buys were coming in.. It's paying for what looks a decent acquisition in cash avoiding the need to dilute shareholders which is very good news. Could be a nice winner for 2011 this one and I would expect to hold it for longer to get max value and there is a potential doubler here for 2011.
Other recent buys go well: Essar Energy is rising nicely as is London Capital. Norcros too is heading upwards.
IMI made it (just) into the FTSE 100 which prompted profit taking! However it's on the way back up and a tenner at least looks likely in time.
Telecom Plus has convincingly broken through the 400 mark. It's one of those that plateaus for ages then gets rerated and looks in the middle of that and looks like the rerating could take it up to 450-470 area, it went ex dividend last week and didn't go down much, a very good sign, for now a rerating up to 500 looks about right - the cold weather will be helping its profits too. It has also told distributors it's going to launch the cheapest mobile deal in the UK before Xmas. That could really push sales. Anyway website profits are up and over £25,000.
Two of my long-term favourites continue to go very well. Both Carclo and Dialight are seeing some good buyers. Bothshares remain under the radar which is fine for me but both could have amazing 2011,
Dialight has trebled for me - . Those of you who came to one of the seminars might remember me buying that live at 140ish - now it is trying to close over 500.The US government says it is going to be using LEDs for its traffic lights and says it will not be allowing tendering from foreign companies so Dialight looks set to benefit from the cash going in. If it can get above 500 there could be new rise on the cards.
Carclo is rising very steadily and breaking out nicely - shame about the silly spread sometimes though. Not that this matters as I expect to get a big payday here next year. Again potential to double next year.
BTG is rising steadily after the dip from buying Biocompatibles,
Innovation is rising quite well after results this week, the share price seems to be rising slowly but surely - and a bid is in there for nothing so I'll continue to hold. Another possible good winner for 2011.
Ocean Wilsons creeps up. Porvair with another contact win announced is trying to leave 100 behind terrific! Up very nicely this week.
Recent buy Hilton Food Group rises slowly and calmly, worth 300 early next year. Other recent buy AZ Electronics is beginning to shoot up well. Bought those at the last seminar. AZ Electronic makes sophisticated chemicals that are used in electronic goods such as semiconductors and smart phones and is used in ipads and iphones. It goes into the FTSE 250 next week.
Fenner has seen a very good rise the last couple of days as has Afren which looks like it might have a go at 150.
Recent buy Bioquel remains nice and calm a bit higher than when I bought it and . Judged on this, looks like a good chance of this one getting back up to the 150p area. Commercialisation of its new product looks like it has a decent chance and could be worth a lot of money, with submission now made to the regulators.
The recent Cineworld top up on weakness has paid off well so far!
and nicely up now. 888 Group is now on the rise after decent figures from Sporting Bet. Looks good for another few points. Entertainment One consolidates after recent rises, patience should pay there. .
The brilliant Volex has risen this week from 320 ish to 340 ish and says dividends are on the way sooner than expected. I've doubled on the original lots I bought in the low 100s and in a really super profit of over £13,000.
Superstar Oiler Bowleven (BLVN) has got nicely through the 330 mark this week and indeed looks like it is trying to tackle 350. .The recent statement was a decent find and there is some talk about it being the next Tullow - well that is just talk but it would be nice
Recent top up Devro proved good timing as it's already climbed 10% since I bought! It has also for the moment gone through the previous sticky area. It couldn't quite manage 270 but I would expect to see 300 early next year.
Gamble Orosur Mining is on the rise again after dipping on profit taking.
Long termer Heritage is heading back higher this week and flies through 400 - some bid rumours appear in the press today. The Vitec Group is heading back up nicely and is trying to crack the 600 mark - been brilliant so far. Aggreko rises after a couple of downdays - I shall carry on holding - still up 400 points and may top up if it weakens any more.
Splendid profits now in African Aura, it seems to rise gently every day and up again today,it raised estimates again this week - it will split into two companies next year which looks a good move. It's up very well today on another good announcement.
Hyder produced a decent statement this week and I remain a holder and in good profits. And there is a bid possible in there for nothing. It's been rising all week and went ex dividend today.
Xp Power is starting another surge and looks to leave a tenner behind today. I bought this one at 164 a year and a half ago and it's now trying to get to 1100 with a profit of £13,000 plus. It goes to show if you can hold the good ones for a bit and resist the take profits temptation it can pay off big time!
.Lovely Petrofac didn't give back too much in the melee and remains a core hold and soars today. Together with spinoff Enquest sees me sitting on profits way in excess of £25,000. Of course it's volatile but a strong uptrend remains intact. 1500p seems a tough nut for it to crack at the mo though.
Spirent has doubled for me and there recent top up is in profit. It is trying to stick above 140..
REVIEW OF 2010
I really thought at the start of 2010 it could be a difficult year and I'd be happy with making less than before.
So to sit here and write I had my best year ever is a real surprise but no complaints. I'm too lazy to add it all up but I'm guessing in reality across all accounts I probably made around £200,000.
Throughout the year big profits were banked from £1,000 through to the £40,000 and losses? A few but all were cut quickly with most losses in the very low 100s with the worst around £900.
The year's results show this: If you cut losses quickly and hang onto the winners for a decent period of time there are big gains to be made.
Best result of the year? Got to be Nestor Healthcare which got a bid and made me profits of near £40,000. I bought around 30p as they looked cheap and simply continued to scale in as they went up buying more in the 40s, 50s and 70s.
Other big gains for the year include Mulberry where I banked £10,000 quick time last week - big thanks to all at the July seminar!
Long-term hold Telecom Plus had a great year rising steadily and also giving out two huge dividends - just a fantastic share with profits over £25,000.
Spice got bid for 70 sparking profits of more than £3,000. Dimension Data was also a massive winner and got bid for and I also got a bit for Morse - lovely profits of more than £10,000 on these two.
New Brit has had a spectacular year, and become a multi-bagger for me, and looks like more come for next year.
Aggreko, Volex, Devro, Yule Catto and African Aura have all been sensational with African now nearly doubling.
And little Dialight proved a massive star trebling and more for me this year.
So I am delighted with 2010 - I've cut losses fast with not a single loss over £1,000 and held onto the winners with many huge winners over £10,000. Got to be the way to make money!
My one mistake? Probably still selling good ones too early. I shall try to rectify that in 2011 should it be a good year for the markets. Goodness knows what will happen but I will continue to try and follow the market rather than second guess what might happen.
I wish you all the best of luck with your trading and hope you all have many winners in 2011. Happy new Year and see you again from Jan 12th.
I've been getting e-mails regarding my use of direct market access and who I use. I've tried a few and for me the easiest system for me is here:
http://www.igmarkets.co.uk/?QPID=1079&QPPID=1
Direct market access means you can place orders directly onto the order book bypassing brokers and market-makers with a chance to buy at the "sell" price. I would suggest you ensure you know what you're doing first but IG does provide much education with its "tradesense" educational tool which comes with it.
I also use its spreadbetting service too along with other firms like Tradefair because it now provides trailing stops which to me is a pretty sensible way of trading. Link is here: -
http://www.igindex.co.uk/?QPID=1078&QPPID=1
that also includes a pretty decent educational programme. As usual before opening accounts please read all the warnings on the sites. You can lose a lot of money if you're not careful so pay close attention to them and make sure you always understand what you are doing and what your potential losses are.
£100 Tradefair offer
So there's now a £100 credit on offer for anyone opening an account via me. You get that after 5 spreadbets (terms and conditions apply).
To get the offer, click here:
http://www.tradefair.com/promo/spreads/nakedtrader100/
E-mail subscription service
Telecom Plus Offer
You get to sell great broadband, phone packages and energy to friends, relatives, contacts and anyone else you find and you get cash for each sale but more importantly you get a cut of their spend EVERY MONTH for as long as they are a customer!
It's called residual income and is a far better way to enjoy a ripe old age than relying on a pension. Because even after you stop selling the money STILL comes in!
I still get paid EVERY MONTH for sales I made back in 1999! Every time a customer uses broadband or the phone or switches on a light you get paid.
It's a great business and backed by a stock market company (Telecom Plus), a dedicated team of advisors.. and me to help you on your way!
Not only do you get paid out every month for each customer you can take on distributors. encourage them like I do and get paid on their sales as well.
One day, say you could made redundant, needed a year off or wanted to retire early can you imagine what joy it is to have the regular income coming in. It's wonderful.
You have to work at it, but if you do genuine repeat wealth could be yours. I did it. You can too. For full details, why not email me at robbiethetrader@aol.com.
An overview is also available at http://www.telecomplus.org.uk/fabdeal you can sign up directly there but do tell me!
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Trade tables follow! Trades are current open and recently closed trades. Closed trades feature the closing price and the amount I won or lost. All others are open. Trades get updated a little later than the narrative. Trading costs are ignored, however I also do not add in dividend payments and with the kinds of companies I buy, dividends tend to equal or outweigh costs. Spread rollovers ignored for web purposes. Tables as accurate as poss however a mistake or two can creep in and very occasionally if I forgot I sold or bought something it will be added at a later time.
Trades first reported Weds and Fri afternoons under "Markets" section.. afraid I can't do live trades as that would turn me into a tipster and I'd have to be regulated!