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!!!

Patience, Patience, Patience!!!

Yesterday I placed a limit order for Western and Oriental (WEST) for 1.8p and despite the fact that there were no trades all day, my order still wasn't filled. It remained at 1.75- 1.85 all day, so just before close of business, I cancelled the order and bought VOG shares instead, @6.62p. I decided that I would keep these for ages and sell my ones held in HSBC France when it hit 10p. Imagine my surprise when I received an RNS this morning saying that VOG were issuing a load more shares to raise £10.8M. The net result would be a fall in sp!! During the day the sp fell to 5.4p so I lost money on paper. Still I am confident that it will go up so just a case of waiting. If I had stuck with my order for WEST I could still have cancelled the next day and then bought more VOG shares but at a cheaper price. I MUST learn to be more patient.
Then I was interested to see that Sunrise Resources SRES had shot up to over 3p. I sold mine at 2.1p and I was happy with the profit BUT if I had more patience I would have more than doubled my money with lots more to go. I am not dissatisfied with my profit but it just shows that patience is the number 1 requirement for share trading.