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Sale – Ceramic Fuel Cells

Another day, another sale. What can I say, we're trading the Hades out of our little portfolio recently in the hopes of finding some short term gains in sectors new. This time it's our holding of Ceramic Fuel Cells (CFU.L) that's been given the chop. We sold off 5,546 shares at 10.50 pence a share late last week after buying in for 8.84 pence a share back in June 2009. Not the sort of returns that are going to make us rich but it's better than bank interest. Now it's not that Ceramic Fuel Cells had failed to deliver, it's just that patience...

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...

Day 92 – Portfolio Value £7,378 Up £47 On The Day

Following yesterday's regurgitation of all gains made on Monday (and then some), today was a little more settled with a handful of modest gains made across our portfolio. Ceramic Fuel Cells finished the day up 6.5% on the back on news that it has extended its agreement with GDF Suez to develop and deploy fuel cell micro combined heat and power (mCHP) units in France. Lloyds Bank continued it's merry journey northward finishing up a further 2.7% today, whilst both our recent Chinese acquisitions - West China Cement and China Biodiesel - made small gains on the day. Even Cosalt had a win,...

Day 90 – Portfolio Value £7,690 Up £244 On The Day

Now that's the way I like to start a week, an ocean of blue arrows pointing to the sky, followed by some chunky figures behind 'em. Leading our list of winners on the day was China Biodiesel which finished north 1.12 pence (12.3%) at 10.12 pence. A month ago you could pick up China Biodiesel for 5 pence, there's been an upswing in volume especially in the last week and it seems biodiesel is back on the agenda in China at least. This from Green Momentum: The administration of energy in China is finalizing plans to increase production and promotion of biodiesel,...

Day 65 – Portfolio Value £7,202 Down £114 On The Day

So on the back of a triple-digit drop in the FTSE it was another day of low expectations. And low expectations delivered! Eros International delivered some final results, highlights as follows: Group turnover up 38.7% to US$ 156.7m (2008:US$ 113.0m) Gross Profit up 13.4% to US$ 71.5m (2008: US$ 63.0m) EBITDA up 41% to US$ 109.5 m (2008:US$ 77.9 m) with 62% of EBITDA converted to cash Profit before tax up 7% to US$ 48.4m (2008: US$ 45.5 m) Basic EPS per share up 5% to 35.1 cents (2008: 33.5 cents) With everything probably factored into the price already, Eros dropped off 3% on the day. Ceramic Fuel...

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...

Day 50 – Portfolio Value £7,459 Down £320 On The Day

Thud! That's the sound of the bottom falling out of our portfolio. There's going to be days like that but you've got to remain philosophical. As long as the good days outnumber the bad days, we'll get there in the end. I'm just not sure where there is! Clipper Windpower came back 6% on news and no volume after trading in the smallest of ranges for the past month whilst ReneSola gave up almost three quarters of yesterdays gains. The fun continues. On the plus side of the ledger, Melbourne-based Ceramic Fuel Cells finished in positive territory to the tune of 6.5% and...

Day 45 – Portfolio Value £7,690 Down £90 On The Day

ReneSola experienced a second day of retracement following our crazy gains that began last week, but interestingly it seemed to settle around the two pound mark. Psychologically, nice round figures tend to make convenient entry and exit points for investors and theoritaclly at least, can bring on increased volume. "If that thing ever gets under two quid, I'm getting back in", or "if this donkey ever gets above two quid, I'm selling the lot!" We'll see what happens after investors have a weekend to stew on it. I'll be happy with a little less volatility from ReneSola next week, some nice...

Day 42 – Portfolio Value £7,732 Up £245 On The Day

Our portfolio made nice gains again today on the back of, yep, you guessed it, ReneSola. 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. [caption id="attachment_619" align="alignnone" width="431" caption="Renesola's Recent Rises - chart courtesy www.iii.co.uk"][/caption] 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...

Day 36 – Portfolio Value £6,215 Down £127 On The Day

After our flying start to the week I'm not too perturbed by finishing the day £127 south. Low Carbon Accelerator finished the day off 11% and although I have faith in it in the longer term, it may be a case of taking a small hit on it soon and employing the capital to better effect elsewhere. Unfortunately, on low volumes, no news and little hype, smaller AIM shares often fall off the radar pretty sharpish and drift in price. It doesn't mean anything has changed fundamentally, it's just an idiosyncrasy of smaller markets. Often it presents a buying opportunity for...

Day 35 – Portfolio Value £6,289 Up £165 On The Day

After a mixed day for our little, green share portfolio, ReneSola shoved us into positive territory with a 7% gain, busting a little resistance on the way. As the heftiest share in our portfolio - on current weighting it makes up 56% of our holdings - any movements in ReneSola's share price has a substantial effect on where we end the day. After exploring 140 pence yesterday, today was always going to be a test for ReneSola as it has run into resistance repeatedly at this mark over the past three months. Not only did it open above 140 pence this morning,...

Day 34 – Portfolio Value £6,185 Up £276 On The Day

Now that's the sort of day we'd like to see more often. In fact, to show you what we're up against here with our far-fetched Investor Trader challenge, if, for the remaining 1,791 days of our project, our portfolio were to appreciate by £276 (as it has today), we'd amass a further £494,316. Add that to our current portfolio value of £6,185 brings us in at £500,501. Roughly speaking, half way. But, I'm a hopeless optimist and where there's the power of multiples, I'll remain that way. If we can appreciate £276 in a day on a £6,000 portfolio, then a £60,000...