Latest purchase was SBS (SBS) at 4.25p - currently up and looking strong. I'm not ashamed to say this was off of a tip (one of the golden rules of what NOT to do). The point being that I did my research as well and see no point in doing the hard bit myself when there is so much free information out there! This small cap biotech is about to turn a profit. They are cash rich and in my view undervalued. The spread is sadly .75 on my selftrade account so probably looking like I'll have to hold this for a bit (penny shares scare and excite me so I tend to exit early)
I've also just placed a buy order for Telecom Plus (TEP) at 266p. Purely because I think they are a great company with good products you would really want. They employ a remote salesforce for which anyone can sign up and sell their products for a % cut of the upfront sale as well as the ongoing revenue generated from calls etc. The service is cheap and the service second to none and this model really seems to be working for them. Analyst views are all BUY and the CEO has made it clear he has a solid vision to make this company a GREAT one! I'd like to see 400p on this one but I'm not very discplined at the moment and moving the stop up and just tend to close out when 10% up. I reckon 355p is realistic before I take my profits (there is a little bit of support there so a nice place to jump out if i'm not feeling brave)
Given for safety most of the stocks I pick tend to go up more than 1o% during the 2 week - 1 month timeframe that I set for my trades I often cut myself out of otherwise great profits. This is my new focus to ensure that I let my profits run more.. it is harder than you think!
No comments:
Post a Comment