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Sale – Low Carbon Accelerator

Yesterday we offloaded our holding of Low Carbon Accelerator (LCA.L) selling 1,834 shares for 31 pence each for a total return of £568.54 (before costs). Low Carbon Accelerator were one of the original three holdings we kicked off Investor Trader with back in April 2009, but sentiment be damned! We returned a small profit (very small after broker's costs) after buying in at 29.5 pence a share for a total outlay of £531.86 Our reason for selling? Mainly my impatience! LCA.L hasn't under-performed or over-performed based on our expectations, its just that I think maybe my hard-earned can be better put to use...

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,...

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 44 – Portfolio Value £7,780 Down £35 On The Day

So, the inevitable happened, ReneSola came back a little. Not a lot, but a little and believe it or not, I'm a touch relieved. Not that I don't like making money, it's just that volatile stocks that climb that fast tend to slump back down to earth with an even bigger thump. For ReneSola to have a mild 6.8% retraction - and 6.8% is mild going on this past month's gains - is healthy. It makes me think that perhaps ReneSola had been oversold recently, there was market consensus and now we'll be trading less erratically above a whole new plateau...

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...

Day 17 – Portfolio Value £5,017 Up £74 On The Day

On a lacklustre Friday, when the FTSE finished down 14 points, our little green-based portfolio made modest gains. Low Carbon Accelerator, Climate Exchange and Clipper Windpower all made gains of between 2% and 4%, whilst our portfolio heavyweight, Renesola did little on modest volume finishing down 0.25 pence....

Day 16 – Portfolio Value £4,927 Up £21 On The Day

Now lets be up front here, Tuesday and Wedneday were bad days! Our portfolio haemorrhaged capital value (between you and I we dropped a casual £693.43) but I put it down to a simple case of market correction. After the rollercoaster ride of the past fortnight, today we returned to an iota of normality. The FTSE finished slightly higher, as did our portfolio, £20.68 to the good. Across the board Low Carbon Accelerator was the pick of our portfolio, finishing up 2.25 pence (6.7%)....

Day 13 – Portfolio Value £5,485 Up £215 On The Day

Another mixed day today when you look at the arrows but the performers in our little green portfolio more than compensated for the sliders. Our latest acquisition, Clipper Windpower powered ahead again finishing up 19.5 pence at £1.45. Not bad when you consider we bought it three short days ago for £1.0450. To date it's appreciated over 38%. ReneSola continued it's good run finishing up 1.75 pence, whilst Climate Exchange dropped two pence on the day. Low Carbon Accelerator did nada on low volumes....

Week 1 Summary – Portfolio Value £3,845 Up £283

Not a bad start to our little online venture, week one saw us kick off with a £283.82 capital gain! Our portfolio of 3 green-friendly shares (Renesola Ltd, Climate Exchange PLC and Low Carbon Accelerator Ltd) all ended higher. Renesola Ltd Our AIM-listed, Chinese solar wafer manufacturer did the brunt of the work, starting out our shortened week at £1.0450 before finishing at £1.1525. Our 2,377 shares appreciated in value from a starting value of £2,483.96 to £2,739.49 for a tidy gain of £255.53. Personally, I've held Renesola on and off since it entered the market in 2006 - I've seen it peak at...