It's almost too much to believe. After an 11.8% surge today, GLEN:Glencore is only £43.94 away from being in profit. It was just weeks ago that I was reporting a £1,100 loss.
I have the beer on standby for tomorrow
Can the price of copper stay up? Can the profit-takers resist selling everything? Can my nerve hold out with the ISA shares on a £375 (44%) profit?
Talk about a roller-coaster share. I'm just glad I took the seemingly crazy move of buying another great chunk at 91p to offset the 174p disaster.
The big question is whether this is sustainable. I hope so, as I don't plan to sell. I feel I deserve a decent return on these given the stress they've caused over the last six months.
Meanwhile, AA:Alcoa is also going bonkers today, with a 12.5% increase so far meaning it's only losing £33.81. That's another share that's never been in profit.
As per usual, it's not all sunshine and smiles. My house builders have all been hammered and dropped by about 4% and the gold mines are all down too. The net effect is a £200 gain on the portfolio value, which is pretty good.
The tax arrived in my SIPP today, so I've added anouther £100 from my bank account to take it up to a round £1,000. Some shopping tomorrow, and then I'll be able to do another "woohoo!"
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