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At last I have something in my portfolio to smile about!

We have 907p

should be rocking! Oil price, massive reserves and political turbulence in the Middle East should make this perform much better than it has. I got in at 17p thinking it a bargain. I mentioned at the time that owners of drill rigs and other offshore equipment can charge what they like for charter/lease - 4 times what they charged a few years ago due to bottle-neck of steel costs, busy construction yards and the level of activity in the upstream, prospecting sector.

Okay, fair enough. I find it's hard to be optimistic about shares when my screen's all red. Everything, and I mean everything, is taking a pasting at the mo'.

Are we getting excited when someone spends £5.5k? Someone bought over 700,000 of these earlier today and the price didn't budge.

"change 0.00 (+4.17%)" what's up with that?

I don't care about General Motors or Morgan Stanley. It seems much easier to catch one's share of the bust and completely miss the boom. This quarter we have seen drinks co's blame a bad summer for poor sales while other co's blame good weather for their crappy figures. Everyone is just jumping on a losers' bandwagon at the moment...with no end in sight!

Surely a buy at this low level.

SE release (abbreviated): on 26 October 2007, Philip Rand, Director, purchased 40,000 ordinary shares in the Company at 14.75p per share.

Surely AL. has as much going for it now as it did at 14th Sep or just a month ago when 850 was the price.

Straight on until 850p?

The jewel in my otherwise thorny crown!

Is this just nonsense?

I hear you and this used to be my view but JP was not able to track and graph stocks minute-by-minute nor collate news occurring all over the world. It seems like buying on the way up and selling before the top seems to be more profitable for most of the people here. That or a mixture of both strategies - to buy when others are selling and then sell when the tide turns, because the market tends to overreact in both directions. Either way, the exposure time, the investement or the ride is fairly brief. Investors don't, it seems, even need to understand the first thing about what the company does, just to be near the front of the herd (or plague of locusts, depending on your point of view).

None of my holdings are performing very well but I am glad that it is Friday and that none of them have proved to be complete turkeys, at least. I enjoy some of the chat on this site.

eel is slipping away from me at the moment.

Yes, I thought that announcement read like a takeover taking shape. Many people are trying to guess what the next targets will be for the major oil co's because, of course, they are cash rich but cannot grow very much themselves. Dayrates for drill rigs and other kit are up hundreds of percent and you can forget building them because all the yards are busy. It makes sense to get that capacity in-house.

Can we expect this to touch the twenties now, I wonder...

Forth Ports has SOLID assets too.

for the links. I probably should not think about the historic cost - I have lost about 95% of my investment over 7 years.