Merry Christmas

I am on holiday in the UK now and today was the last day before Christmas. VOG finished at 5.77 so I was quite pleased  with that. All my other shares were doing OK but I am in the red with all of them except VOG. So I hope that next year a few of them will go into the blue. A number of them are likely to deliver dividends, including Greencore.
Anyway, in February I will have traded for 1 year and it will be interesting to see how much profit I have made!
 Merry Christmas and a Happy New Year!!

Patience

We have had some boring days of late where not a lot has happened. Yesterday was exciting because for no apparent reason TSTR was up 17% on the day and I was in profit. Many of the people on the BB thought that there would be an RNS on the drilling results today but no.I am hoping that the price will rise so that I can sell out and go back into EDL or SRES prior to some news on them.
One thing that I have noticed seems to be becoming more prevalent is the abuse on the BBs. If we assume that everybody is posting and wants to make some money, then I fail to understand why it is necessary to be abusive to others on the BB. This seems to happen all the time although with some of my shares, there are very few posts and when that is the case, everyone is very pleasant.
VOG is dropping slowly and today closed below 5p so that is a little worrying. Everyone is waiting for the licence but there seems no sign of it. The sp is now very close to the last issue price of new shares. As I have said before, I would like to sell before year end for tax reasons but I would like to sell ata areasonable profit.

New strategy

After this week I have had an opportunity to review my trading. It is possible that VOG and TSTR will rise shortly, so what should I do. I have a target sell of 2p for TSTR and 10p for VOG. So, what I have decided to do, should they rise is as follows:
1. If they pass my target price set stop loss at my target price. Then if they continue to rise, I can consider selling at a higher price or moving my stop loss up.
2. The problem is that the share price rarely rises in a straight line so if the sp is close to my stop loss, it may trigger it and then continue to rise. On the other hand if I am slow to set the stop loss, the sp may spike and then drop below my target sell price!
I will try it and see what happens and report back.

The most boring day!!

Today, not a lot happened! There was very little trading and not much movement in any of my shares. I suppose these things happen and perhaps it is the lull before the storm. Certainly, TSTR is awaiting an RNS on its drilling results and VOG is still awaiting its licence from Cameroon. It is possible that both of those things will happen before Christmas but I'm not holding my breath. I had a limit order in for TSTR at 2.1p but it never went higher than 1.08p!! I have also received my code from HSBC so in the event of VOG getting a licence I will be able to sell my shares and move the money to the UK. Have a nice weekend, we will see what next week brings.

Edenville Energy!

Well, I tried my strategy yesterday. I put a limit order in for 1.5p as I hadn't sold at 1.35p the previous day and the order was executed in the morming! I was pleased and the sp dropped a little and then went on to 1.7p before it started dropping. I looked at the Technical Analysis chart on the Stock Exchange
http://www.londonstockexchange.com/exchange/prices-and-markets/stocks/exchange-insight/technical-analysis.html?fourWayKey=GB00B05MCJ34GBGBXAIM
and the resistance point was 1.32. I set a buy order for 1.32p but unfortunatelyit only dropped back to 1.4p. So just before close of play I put all my money from EDL into TriStar Resources TSTR and got in at 1.05p.
I have been following this share for a while, originally it was 0.52p when I first started so it has gone up 100%so far. The company is drilling for Antimony and Gold in Turkey and results are due before Christmas so I hope they are good. Question: should I have heldout for 1.7p before selling and bought back in at 1.4p? Should I have not sold at all? EDL was the top traded share yesterday. Hindsight is a wonderful thing.

Learning how to trade!

Yesterday morning I went out and all my shares were quiet. When I came back a litlle later EDL had gone bonkers and had gone from 0.85p to 1.2p. I thought that this was good as I was well in profit and hoped that it would continue. At the end of the day EDL was the most traded share, with over 180M shares traded. The final closing price was 1.03p. Ok I was in profit but it occurred to me that what I should have done was to sell at 1.2p and buy back at 1.03p thereby increasing my holding as I have no spare cash at the moment. Of course if I had sold and it continued to go up I might have looked silly but I would have made a profit. With this in mind, I thought that the sp might move again today so I made a limit sell order for 1.35p. That would give me 33% profit and I might be able to buy back on a retrace. Well the sp got to 1.2 but not the 1.35p I wanted and there was virtually no retrace! The sell order was only for 1 day so tomorrow I am going to make another order for 1.4p. I think that I will keep increasing it until it sells and then to try to buy back in on a retrace. If it doesn't sell, its not a problem. If it does then I make more money. I'll try it and watch the results.
Greencore issued an RNS today saying that they had bought a sandwich business in the US so they seem keen on expanding. I hope it is reflected in the sp!

Quiet week!!

It was a fairly boring week as not much happened. WEST had their results, which were not great but reasonable given the circumstamces and the sp fell. There continued to be loads of RNS(Regulatory News Service) for Greencore. Friday was the Record Day for divi, so sp went up to €1.47. I wonder what will happen on Monday? Will it continue to rise or will it suffer a retracement? There was a little bit of excitement for EDL but not much movement of the sp. TNG Tangent Communications had 2 managers sell about 22M shares but agin not much movement in sp.VOG's AGM came and went and still no news of the licence so the sp is still range bound around 5.25p.VOG did have a meeting with several PIs(Private Investors) from the LSE and iii boards. I have read a brief report and it seems very encouraging, we just need the licence. I have not renewed my sell order and my bank have suggested that I ring the telephone trading line. I will try that next week to check that I can sell online when the time is right.
Now that I am in profit withVOG, I am tempted to just let it run as it is possible that the sp could continue to move up throughout next year. However, there is a rumour that the French government is going to abolish the tax free elemenmt of share dealing in 2011. So if I sell by the end of this year, I won't have to pay tax on my gains next year and I will be able to use the bulk of my investment to trade other shares. Roll on the licence!!!