09 Jun | Day 42 – Portfolio Value £7,732 Up £245 On The Day
Our Chinese solar wafer maker finished up a further 16 pence (7.69%) today, a continuation in the strong uptrend that has seen it’s price roughly double in the past 16 trading days.
I’ve got to admit to offloading another parcel of ReneSola today and at nowhere near the peak of the day’s trading. I sold 500 shares at a price of 2.0807 for a total consideration of £1,040.35.
I’ve been expecting a retraction for the past three days but what do I know. Anyway, our portfolio still holds 1,500 and with a good proportion of our initial investment back in the bank, we’ll see what ReneSola has in store for the rest of the week.
As for the grand in cash, I think I’ll do a little homework and not slap it down too hastily. Opportunities to partake in a little value investing abound at the moment, and not just in the small caps. How very grown up and non-impulsive of me (I’m reading a book on Buffet at the amount and I think his methods are rubbing off).
Ceramic Fuel Cells seems to have stalled after their speedy ascent from 3.5 pence to 13 pence – looks like I timed that one all wrong, though I’m happy with a longer term hold here as I like what they’re doing.
Low Carbon Accelerator peaked in mid May and has smoothly declined almost daily since.