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Taking Stock

Back in January of this year I took stock of our portfolio by lifting the three month charts of the 13 shares we held from our friends at SharePrice.co.uk. From a technical point of view it gives a great snapshot of your holdings and although the process in January was conducted with a tad more optimism, it's an exercise I tend to undertake whenever I've had a spell away from the keyboard. This time around I've gone with yearly charts. Twelve month charts give an overview of longer term trends whilst showing up any  shorter term corrections. If what I see an...

Buckle Up For a Renesola Ride

It's been a hair-raising start to 2010 for Renseola - our manufacturer of solar wafers and solar power products - but no-one said investing in China-based alternative energy AIM shares was gonna be easy! January started with an optimistic bang sending SOLA.L skyrocketing from it's Christmas break price of 145 pence up to 190 pence in the space of a week. That's a 23.6% gain! Why? Good question. That first full week of 2010 trading only bought news of a failed acquisition. Renesola's plans to purchase Dynamic Green Energy Limited fell through due to a lack of  relevant Government agency approvals. Despite what...

Not Up, Not Down, Just Sideways

It seems as though our portfolio has been hovering in a range just above or below 10K for months now. In reality, it's probably been closer to a few weeks but after the meteoric rise of our - small caps dominated - portfolio in the preceding four months, expectations have been high. But sideways isn't a bad thing, especially when you see dips as potential entry points. Renesola is a share that keeps jumping onto our radar. After pushing £2.50 in June this year it's currently trading at less than half that today. By it's very nature Renesola is a volatile piece...

Day 153 – Portfolio Value £10,413 Up £134 On The Day

So it seems an age since I've posted on Investor Trader but in reality its only been the best part of three weeks. Three weeks since we broke through the 10K figure. And whilst the FTSE powers on northward, heading back towards it's old stomping grounds of '07 and '08 - beyond the 6K level - our portfolio has spent the past few weeks neither gaining or losing too much ground. A situation that's just fine by me. So often with small caps, a round of hefty gains is followed by a round of enthusiastic selling as those in for the short...

Clearing 10k – Just Two More Zeros To Go

Today the value of our portfolio banged and crashed its way through the four figure barrier and into the five figure bracket with a lovely £370 rise on the day, taking it to to £10,159 (see the juicy, big blue numbers to the right). So five figures down and only two to go before we hit the magical million mark - a walk in the park. Careful, don't slip on the sarcasm! Looking back over the past four and a half months its been a meteoric rise from financial obscurity to financial semi-obscurity. In April 2009 we began with three shares with...

An Overdue Update

Sorry it's been a while since I've posted, what can I say, it's summer where I'm at and our little portfolio has being just dandy on its own without my meddling hand. There's been some chunky news floating about, so let's get down to the nitty gritty. Remember Cosalt - our provider of safety products and services to the marine, industrial and offshore oil and gas markets - that we took a stake in back in June. Remember how they halved in price almost overnight. Remember the expletives I used describing them in the coming weeks (only joking), we'll things aren't as...

Month 2 Summary – Portfolio Value £7,240

Last October I spent 30 days on a freighter ship as a passenger travelling from Melbourne, Australia to La Spezia in Italy. One whole month without Internet, with only the most fundamental of financial headlines via a copy of the ship's faxed daily world news summary from its head office. Despite 48 hours of fearing for my life rounding the Gulf of Aden, that trip was one of the best financial decisions I've made. Why? Because in September I took my trading account flat. By the time I arrived on the Italian coast my portfolio - had it been up...

Month 1 Summary – Portfolio Value £5,924

I must apologise, I really am a fair-weather blogger. Looking over my daily updates during the first month of our little quest to net a million, it must appear that Investor Trader has been a resounding success. Of the seven updates I've written, six have claimed capital gains on the day - unrealised, though they are. But if you take a careful look at the reality of things, it's a little closer to 60-40 in favour of the good days. Overall though, some of the good days have been very good, which has seen total capital appeciate, by in the region...