Posts Tagged ‘Low Carbon Accelerator’

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 the shrewd investor if there is news around the corner. Watch LCA fly, if I bail out ;-)

Ceramic Fuel Cells continued its impression of a pinball finishing the day down a meagre (for it of late) 4%. Looking at the one month chart trading has taken place between 3.5 and 12.5 pence so possibly we’ll see a little settling in the volatility soon or then again…..

ReneSola stayed above recent resistance of 140 pence which is good news, but an 8% drop in ReneSola’s US listing – as I type this – does not bode well for tomorrow.

Thanks again for dropping by, may all your arrows be blue and don’t forget to check out Kiva if you’ve got a spare dollar or two – it feels great to lend a buck to those who really need it!

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, it traded above that mark all day, surging as the markets opened in New York. Taking a closer look at the three month chart for Renesola you’ll notice it has nudged above the 5, 10 and 26 day Exponential Moving Average (EMA) lines and is closing in on the 200 day EMA. All strong signs but I’ll be very interested to see what happens on Wednesday.

Clipper Windpower ended the day slightly down, Ceramic Fuel Cells and Climate Exchange oh so very slightly up.

Low Carbon Accelerator took a 6% whack but making up less than 9% of our portfolio, the impact was minimal.

So after a £440 pound appreciation this week already, I say, bring on Wednesday.

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 portfolio adds a zero to that appreciation and all of sudden our target seems all the more attainable.

Now to the nuts of bolts of Monday 1st June 2009.

On a percentage scale our latest acquisition – Ceramic Fuel Cells – led the way. The hugely volatile of late, Melbourne-based, alternative energy products manufacturer finished north 17% on the day, after pinging about between 6.5 and 12.5 pence for the past week and a half. No doubt there’s been some profit taking after a lean 2009 but today’s return to form, confirms there’s still some value to be had. This time two years ago Ceramic Fuel Cells was bopping along happily up around the 50 pence mark so while it’s a bumpy ride, we’ll hang in there for a while.

ReneSola and Low Carbon Accelerator both chimed in with decent 6% gains, whilst we fell off 2.5% on Clipper Windpower.

Now onto Tuesday, stringing consecutive good days together is what this game is all about.

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%).


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