Sold KGF @ 320p. Profit £320. This was done to bring my cash reserve up to target. The best performers in the testing programme are trending shares but I will have to work out a way of spread betting them, maybe balance them with shorts on those trending down, just in case the whole market fell. The other big advantage of the tests is to get a better allowance for different ratings and to put in less work trying to follow broker updates, as they are the worst performers.
Sold the XTA top up, now GLEN @ 347p. Profit only £80 but as I am already holding full stake in GLEN it is wise to reduce the risk. The update will be a bit later than usual as there are more figures to check up on.
At last the miners are showing some promise. lol The tests are just proving how volatile share movements are with below moving average shares starting off well but now showing a 9% loss and the reverse with trending shares. I am keeping spread betting on the back burner as the advantage in any form of trending shares is not enough to warrant a short term bet. Analyst recommendations are now breaking even after five weeks and good future P/E shares are showing a 3% advantage. High or low dividends are not affecting the share price at the moment. The portfolio is 14% up compared to the FTSE and the cash aim is 17%. The FTSE is 8% above target but has been as high as 50% in the past. GLEN RIO NEX BLT VED ESSR BARC VOD AMEC GOG HSBA BG GFS PFC ETI MRO TSCO RDSA MAB BBY Watch list :- BA, AML, CNA and RRS.
Another good week for most portfolios but I start to feel uneasy when things are going too well. :-) The cash in reserve is there should things go pear shaped although you do miss a bit of the rise by not being 100% invested. Analyst recommendations are now showing a 4% advantage and shares above their moving average are giving a 6% advantage but the best at the moment are trending shares with a 14% advantage. EPS and dividends are showing no gain either way at the moment. I did look at spread betting the trending shares on a weekly basis by going long on the top ones and balancing this with a short on the worst but the advantage would be .5% a week and IG index seem to have put a .5% administration charge on shorts which wipes out most of the profit. I may have read it wrong but it is a thing to look at in the future. The cash aim is 18% due to the FTSE being 10% above target. The portfolio is 11% above the FTSE. GLEN RIO NEX BLT VED ESSR VOD GOG GFS AMEC ETI BARC BG PFC HSBA POLY RRS TSCO RDSA CNA Watch list :- BBY, BA, AML, MAB, MRO and SGC.
I queried the 0.5% administration charge on shorts with IG and have been told that it was worded badly and should have explained that it was to be added to the 2.5% yearly charge, which is fair enough. Trending shares are still the best chance although even those are in reverse in the last two days so it will be a long while before I make any move.
If the rise continues I will have to sell another share, with a half stake sale in either LLOY or SGRO the most likely. In the system there are two types of tables that make up the finishing result. The first are minimum targets, such as future EPS and analyst ratings etc. the second are aditional points from moving averages and trends etc. The new tracking is helping me to understand what alterations should be made to the figures with trending now given a bit more weight than moving averages. I will expand the tracking to find out what effect different combinations make but it will be a slow process. Shares trending up from lows are showing a 14% advantage, analysts are 5% up and the portfolio is 9% up compared to the FTSE. The cash aim is 19% with the FTSE 10% above its target. GLEN RIO NEX BLT VED ESSR BARC VOD POLY PFC GFS AMEC HSBA GOG RRS BG SGC MRO TSCO RDSA Watch list:- CNA, BBY, BA, AML, REX, ETI and KGF.
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