Victoria Oil and Gas VOG

I believe that VOG will get the licence at Logbaba soon so I discussed with my wife buying some more shares in VOG. She knows little about trading and I think is a little disapproving of it but we agreed to buy some more VOG shares hoping that the licence may arrive soon! So on Friday I purchased 100000 shares at 5.66p.During the day I was able to reassure my wife that we were doing OK as at one point I could have sold at 5.75p so we would have been in profit. However, the plan is to sell 70000 shares at 10p and put the money back into our account. Time will tell!!
I put £6000 into my trading account so with the difference I bought some shares in International Mining and Investment PLC!!! This is a low value share and I bought in at 0.69p Shortly after it dropped to 0.55p and finished at 0.63p!  It is a company investing in mining companies and has recently relaunched itself. There is little info about the company so I rang them on Friday night to ask what news there was. The main man was not in so the chap I spoke to said he would pass my message on. I think I will ring again next week.

Testing Time

This week has been very testing of the nerves! Not a lot has happened really, most of my shares have either fallen a little or stayed the same. Monday everything was red and not a pleasant site. There was a reasonable RNS from ABH and the sp recovered a little but I am still in the red. Today it drifted down a little.
When there are lots of other shares getting RNS and their sp is rising you begin to think that it would be better somewhere else. However, like the old saying, the grass is always greener...
Last week I posted on the EDL site that after the dilution, the sp would drop below 2p and got shot down, a couple of days later it was below 2p! At least that is something I have learnt!
Obviously there are shares going up and down all of the time. I have shares in 6 companies so it is perfectly normal for not a lot to happen, just a matter of patience!!!!!

Boring day - another view

Not a very good day, all my shares were down except for TSTR Tristar. No chance to try selling and buying back on the retrace. However, I did read a post on a BB that seemed to make sense to me. The guy was saying that when he started 25 years ago he was always looking for about a 10% return and was living on his wits trying to make some profit. It seemed a little like me. Then he said that as his investment in each company went above £5000 then he learned to relax and become more patient and look for bigger profits.
Some might argue that it was all right for him to say that as he had lots of money. However, the philosophy is correct but the temptation is to take profit while it is available. As shares don't go up in a straight line small investors might feel that they will lose their profits if they watch a share retrace. I have learnt with GKN that waiting is worth its while. However, I have sold some shares too soon when if I had waited I could have made a better profit.
I need to reflect on this lesson often if I am to makwe progress!

Exciting Times

After my last post about Tangent TNG, I had the opportunity to sell today, so i did. I had an order in to sell at 7p but sold at just under 6p. Not a lot of money but a small profit!
I had looked at the stockpicker function on LSE and searched for shares under 1p. My eyes fell on Angel Biotech who were at 0.51p so I put in a bid and bought 55000 shares. They should be announcing their end of year trading statement in the next 2 weeks so I hope that it will be good!
I tried to sell my PTCM shares for 0.34p today with the view of buying back in at 0.31p later in the day. They got to just over 0.33p but not 0.34p! I keep trying to sell and buy on the retrace but one day I will be successful.
TSTR and VOG are still holding steady and both are waiting for an RNS so again,patience is the name of the game, although I have put a sell order in for VOG at 10p.

Tangent Communications

It was a very subdued day today, many investors were waiting for US Non Farm Payroll info and there was little trading really. Most of my portfolio was in the red although at the end the surprise was Tangent Communications. I bought these at 5p and they don't move much and the spread is quite large 4.75-5.50 so I was pleased when at the end of the day the mid price stood at 5.25p I am looking forward a good year end at the end of Feb. The results won't be for some time after but they do appear to be going in the right direction. Also a number of directors have been buying shares which is always a good sign.

I must learn to be smarter!!

With the rest of the money from the sale of my Low and Bonar shares, I topped up my TSTR. I bought some more at 1.03p. Later in the day they moved up and at one point I could have sold them at 1.14p but I didn't as It wasn't that much of a profit. Later when I looked the price had gone down to 1.10p So it is possible that I could have sold and then bought in again on the retrace but I am not that quick or  adventurous at the moment. If I had sold and was not able to get back in I would still have a profit, so I must try this at the next opportunity.
My Tangent shares are strange, there is a wide spread and the only people buying them seem to be the directors, which isn't a bad sign. Be nice if they moved a bit more though!
VOG is doing OK, closed at 6.3p yesterday and is hovering around that mark today. We are still waiting for the licence and hopefully that will be soon.
I want to buy some shares on the New York stock exchange so that I can spread my money around the world economies. So if anyone has some low value shares they think are of interest, then let me know.

Happy New Year

So, whilst the rest of the world was trading on Monday, London was on holiday. Yesterday was pretty boring from my point of view, with only a little movement from Low and Bonar. Today didn't start much better but things began to warm up in the afternoon. At about 4pm Low and Bonar were at 52p and showing me a small profit so I decided that I would sell. Whether that was the right decision only time will tell!
So in the last half hour of the session I was browsing through the LSE site and not particularly interested in buying any more shares straightaway. However, my eyes fell on Porta Comms PTMC which is a newly floated company, formerly TSE Sports Consultants. They were at 0.3p so I decided that I bought put a limit bid in for 300000 shares at 0.29p. With 2 minutes to go, my order still hadn’t been fulfilled, so I cancelled it and placed a market order and got them at 0.292p! I was very pleased and even more pleased that TD Waterhouse had reduced my costs to £8.95.
Apparently some brokers are targeting this share at 1.5p but I would be happy with 0.6p. We will see.
Interesting to note that over the holiday period SRES touched 7p!! Considering I bought SRES at 1p and sold just over 2p, I should be kicking myself but I was pleased with my profit so I don't think I have anything to grumble about. I hope SRES continue to do well but I don't think I will be reinvesting.
Today the other excitement was that VOG were up 15% to 6.3p. That is 50% profit on my original stake and not far from being in profit on my recent top up. Just waiting for the licence and we might make my target of 10p.