jamesmaggs19 Jun 2010 10:47
Had a good weeks work, everything went to plan and I made some good profits, next week is a bit quieter so far, I need a hot spell again to get the phone ringing.
On the markets, very quiet again. I agree that BP is a buy at sub 360p so you did OK I think, I swapped some SYR for 2000 BP at 246p in my SIPP. SYR seem to have peaked for now, whereas BP now have a lot of growth to come. I may swap some of the others next week, but I really don't like trading my SIPP.
I haven't any info on LMT other than Hemscott have them as a strong buy. Any medical stock should prosper with an aging population, but we need to consider any NHS cutbacks. The budget is predicted to take some 30% out of local government, which is a huge amount, so time to tread carefully.
Cunning plans ? Get through this year with some profits from CSLT, SYNC and NVTA and I'll be happy.
I'll probably start being more active in October, when the business usually quietens down for the winter. That's when I have the time to research the smaller companies. This time of year I hardly trade at all, just look a couple of times a week and sometimes 'adjust' things, keeping an eye on the miners and snapping up any bargains to sell back when in profit.
Oh well, back to the paperwork !
Have a good weekend.