Tristar Resources TSTR

When I looked at my TDW accounton Tuesday I found that I had some spare cash!! So I re-bought some Tristar Resources TSTR shares at 1.16p.In my opinion this share is going to boom in the near future. In view of the way China is limiting its exports of rare metals and at the same time increasing the prices, when Tristar Resources TSTR start producing its antimony the sp will move sunstantially. I want to increase my holding now before the sp starts increasing too much. However, to do that I have to sell some of my other shares.
The shares that are causing the most frustration are Victoria Oil  and Gas VOG and Porta Communications PTCM. VOG are STILL waiting for their licence to be signed in Cameroon and with PTCM I am waiting for them to announce an acquisition. The sp of PTCM has dropped from a high of 0.35p to 0.15p in 2 months and I am sitting on 1.6M at 0.24p average so I am not wildly excited. I don't want to buy any more because they are nearing 25% my portfolio.

Berkeley Mineral Resources PLC (BMR)

I was undecided this morning as to what to buy; Laura Ashley with results due Thursday, Physiomics who are moving well or top up in Porta Communications. So when I switched on my computer, I noticed a lot of talk about Berkeley Mineral Resources PLC who had just issued an RNS about acquiring mining rights in Kabwe, Zambia. The consensus was that the sp was going to rocket so I bought some. I should have waited until after the dust had settled as I paid 8.8p and the price dropped soon after to 7.5p. Now I have to wait several months in order to sell at a profit. I was hoping for a quick profit today but no luck!!It is likely that they will start selling lead and zinc after about 2 months so until then its just patience and don't be so impulsive!!!

Then Orogen started  to move and as I don't have that many I decided to sell at a small profit. I put this money straight into Physiomics (PYC) and bought at 0.55p This is a key player in developing manufacturing for the drug industry and has just signed an agreement which should push the sp up.So I still have nine shares but now need to buy into the basic materials sector to have a complete spread.

Asia Digital Holdings PLC (ADH)

Well I couldn't contain myself yesterday and sold my Asia Digital Holdings PLC (ADH) shares for 33% profit and then sold some of my Orogen Gold ORE shares as well. I should be more patient but... Today Asia Digital Holdings PLC (ADH) went up to just over 1p so if I had held on I would have made more but I am happy with my profit and I have re-invested the money.
 Yesterday I topped up my ValiRx plc (VAL) shares so I now have 100k shares and today I reinvested in  Edenville Energy EDL as they had some news out about acquiring some more coalfields in Tanzania. I put a limit order in for 1.85p to make a quick day trade but I think it is unlikely the sp will get there today. I was hoping for my first day trade but it is not to be!!

Porta Communications PTCM

Porta Communications PTCM are my second biggest holding after VOG, and I have already made a profit on them but recently the sp has been sliding down. Today they issued an RNS saying that David Newton no longer had a notifiable interest in the company. In other words he has less than 3% of the company's share. He did hold 336M shares so if he has sold them plus all the selling that XCAP have been doing, then no wonder the sp has been falling. I hope that the sp will now start to rise and that we get some good news about acquisitions soon!
Asia Digital Holdings ADH on the other hand are moving upwards nicely. I put my limit sell  in for 0.89p today and so far the sp has only got to 0.85p, so close but not quite there. I will move the limit sell up to 0.94p tomorrow. Everyone is getting excited that we will soon be through 1p and onwards to 2p!!! I am not so sure and am happy to make a profit and move on. Time will tell.

Asia Digital Holdings PLC (ADH)

Surge on the sp today,  from a close on Friday of 0.68p, the sp went as high as 0.79p before closing at 0.74p. I put a limit order in for 0.84p but it wasn't triggered. The results are out on the 5th April and it is likely that the sp will rise before that date. Some on the forums were saying that the sp could go to 4p!! I take that with a pinch of salt but you never know. I am going to put a limit order in each day and each day raise it by 0.05p each day. So tomorrow I will place a limit order for 0.89p and see whether it gets triggered!

Porta Communications PTCM

I didn't get back into Tristar Resources so I decided to top up in Porta Communications. I bought 606k shares at 0.1955p At 0.20p I have broken even so I thought that if the sp gets to 0.3p then I will be making a 50% return!! Fine in theory but the sp has been down since then and closed at 0.18p on Friday afternoon!  They have a new website now so hopefully there will be some news on acquisitions before too long. I believe that once they announce an acquisition then the sp will rise, at least I hope so.

The only share to do well in my pf was Asia Digital. They closed at 0.68p so I am in profit as I bought at 0.65p. Their results are out on April 5th so it would be nice if the sp continued to rise up to the results. Currently they have no debt and are working to develop media solutions in China so a good market to be in. I am looking forward to the beginning of April.

Iofina (IOF) Iodine producers

Things started quite well this morning and the sp went to 24.5p then I noticed a slight reversal so I sold at 23.35p. Total profit £44 but not bad for 1 day and better than in the bank. Obviously it may move north later but again no such thing as a bad profit! I now have a limit buy for today on Tristar Resources TSTR for 0.99p. Whether I get it remains to be seen as the sp is above 1p but nothing ventured nothing gained!

The markets seem to have recovered a lttle today, nothing fantastic but not as much red about today.I am still waiting for news on a few shares but must remain patient.

I think that I did the right thing in selling IOF this morning as it has now dropped to 21.5p!

Iofina (IOF) Iodine producers

With the global meltdown of the markets since the terrible events in Japan, there is growing interest in Iofina, explorers and producers of iodine and natural gas. In the event of increasing nuclear fallout threat the demand for iodine will increase and so too will the importance of this company. I bought 5000 shares at 22p today and I would like to see the sp move north over the coming days.

This is shaping up to be as bad a crisis financially as the Lehmann Bros induced crisis of 2008 and today I have seen many of my shares move further and further into the red as people become more and more risk averse. If you have cash at the moment it would be a good time to pick up some cheap shares for when the market recovers.

Tristar Resources TSTR

Despite not being able to buy back in to TSTR on Friday, the sp has dropped to 1.07p today so it is possible to buy back in now.  However, I don’t have any spare funds; I’ll have to wait until I have sold something. Despite my rule of not going back into a share once it is sold, if the opportunity presents itself then I will buy back in as I see it as a good company.

I have changed my blog title as I don’t consider myself a beginner now as I have been trading for over a year. I have reflected on the sort of trader I am and I am going to try to achieve a trade a week because I get bored easily. So long as I make a few hundred pounds each trade I will be happy. I am not really the sort of person to hold for ages and watch the sp going up and down. Currently my average weekly profit is £83 this year and I want to average £230/week so I have a way to go yet

Failure!!

I don’t seem to be able to buy on the retrace!! After selling my TSTR, the price dropped a little so I tried to buy back in but was only able to buy on a negotiated trade. I thought I would be able to buy later in the day but not only did it stay on NT all day but the sp went up to 1.2p before ending at 1.12p!! So, good lick to all holders of TSTR, I hope it goes up soon. I made a profit and there is no such thing as a bad profit!!

At the end of the day I topped up my Orogen ORE shares at 0.809p and bought some Asia Digital ADH shares at 0.65p. The prices were good because the market was in a dreadful state after the Japanese earthquake and the situation in Libya, both human tragedies!

Tristar Resources TSTR

I have just sold my Tristar Resources TSTR shares for 1.1115p making a small profit. Following my rules that I am formulating, sell in the morning and buy in the afternoon. So I am resisting the temptation to buy some more shares now and I am going to wait for later on this afternoon. If I can buy TSTR back at a cheaper price then I will. Otherwise I will buy Asia Digital ADH, or top up my ORE or PTCM shares. More news later!!

BATM Advanced Communications BVC

This morning was the year end results for BATM Communications. I checked onto the LSE site at 9.00am French time and saw that there was an item of news for BVC. I clicked on it and found a report from Reuters that BATM results were not good and they were not going to pay a dividend!! So I quickly got onto TD Waterhouse and sold my shares. I made a loss of £24 but that was a relief as the sp fell below my sell price and the likelihood of it improving soon is not great.

I was then able to put that money into Orogen Gold (ORE) where I bought some shares at 0.96p. I have been following these for quite a while as MVC but they changed their name today so I thought that might be an omen!!

ValiRx plc (VAL)

Well an interesting day today! Sareum kicked off and went from 1.05p to 2.3p and took a few bio companies along. Val started to move up and got to 0.7p before finishing at 0.61p. The cynical among us would say that it was a ruse to get the sp close to the placement price of 0.6p before the meeting on Monday!!!!!!!!!!!!

I have decided to chart my profits this year. So I have produced an Excel spreadsheet that charts week number against profit each week and average profit/week so it is easy to see how I am doing. If you recall, I want to increase my portfolio to £25000 by the end of the year. That is about £12000 or £230 a week! Currently I am averaging £81/week so I have a bit of a way to go. 

Up to now I have been making profits in the tens and hundreds of pounds, so my target is to make a profit of more than £1000! The shares that I have hopes of doing that with are:

Victoria Oil and Gas VOG       current sp 5.5p target sell 10p

Porta Communications PTCM     current sp 0.23p target sell 0.5p

If I achieve these targets then it will improve the average profit/week!!