Wednesday, 22 April 2009

The budget and shiny things

I'm not a big fan of holding equities whilst macroeconomics are taking control so I decided to dump Workgroup Plc for a 100 quid profit and also STAN made me a nice 170 profit over night so ditched that one too (slightly below my target but still a wise move for now I feel)

I am about to head off to an investment seminar tonight though and am keen to build up some equity hedge stocks (silly considering I only hold for a one month timeframe but it is always good to think longer term if your DQS strategy screws up).

I've therefore now added to OCX with Medusa Mining MML (AIM: MML). This is the first AIM stock that i have gone in on but I have a good feeling as they focus on copper and gold and they have just started becoming profitable. plus last time i went to one of these Mayfair seminars the movement in all the stocks was about 10pc the following day - volumes are so low that you an probably dip in and out but that's not my intention here - just trying to get a good entry

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