Go go Glencore!

I never thought I's see the day. GLEN:Glencore is pulling clear of the doldrums and rather than being £1,100 down like a few weeks ago, is now only £300 down. It's nowhere near my worst share any more and is officially no longer my nemesis.

There are three contenders for nemesis share

AFG:Aquatic Food. I had such high hopes for this one, and still do. However, there's a tinge of doubt that can only be purged by a strong set of financial results. By strong I mean transparent. They have to prove to investors that they are serious, and not about to do something horrible and de-list from the Stock Exchange. This week someone has been offloading 10,000 shares every day and nobody is buying them, so the price is plummeting. It's now down 67% and showing a paper loss of £833. I'm still keeping the faith. Their finances look sound if they are true. I really, really hope they are true!

My other big loser is RCI:Rapidcloud. This one doesn't concern me in terms of transparency. In fact, they have been very transparent at why their profits will be hammered by a new Malaysian tax. I fear that's what's caused the share price to tank. However, I still believe they are in a strong position and have many big clients, so once this dodgy period is out of the way things should recover. These are down 65% and showing a paper loss of £734

The final contender for nemesis share is a very recent purchase. FXI:Fusionex are in a similar business to Rapidcloud. I bought them because I believed their shares had dropped following a misunderstanding in a trading update. There has been lots of buying of this one, but it appears a massive sale has flooded the market with shares so it may keep tumbling until they are used up. I should have waited another week to buy them! They are down 26% and losing £316

I think the nemesis award must go to AFG:Aquatic Food, as I'm genuinely concerned they could de-list and the loss would obliterate most of my actual profits. I long for reassurance that they are for real.

General feelings are very positive so far this week. It's wonderful to see the FTSE back above 6,000 and although my gold mines are dropping, they are still in profit so I'm hoping will stabilise that way. Nine shares are in profit from my main accounts and three from my SIPP which is getting perilously close to breaking even.

The JLP:Jubilee Platinum purchase was well timed on Monday, as the SIPP shares have risen 13% and are showing £84 profit in 3 days. The shares in my other accounts are down by £66 which means overall I'm showing a profit, despite them not having started production yet. There could be spectacular action to come with these. I may bed the ones in my normal account into my SIPP so any profits will be tax free and keep the ones in my ISA. The problem with bedding them is that I lose 4% spread and £11.95 to buy the new shares, so a better approach might be to sell them and then transfer the proceeds, and wait for the price to drop before re-purchasing. The problem there is the extra £11.95 commission. So maybe I'll just leave them alone - there's no way they'll take me over my capital gains allowance.

One of my favourite shares TON:Titon Holdings has had a bit of a surge following the crash. That's now back up to a 23% rise and £364 profit. I'm sure these have got plenty of room to grow more yet.

The other major event today was the transfer of most of my StockTrade shares to my Hargreaves Lansdown account. This was in preference to the automatic transfer to Alliance Trust, as Brewin Dolphin have sold the StockTrade business to them. Unfortunately my PUR:Pure Wafer shares have caused a problem, as Hargreaves Lansdown cannot accept them. They are in limbo until September when the final liquidation dividend is paid. I'm a bit limited as to my options. I suspect allowing them to transfer to Alliance Trust is my only option, but I don't want to end up being charged more than they're worth in order to keep them until September. It's somewhat frustrating. Main reason for joy is that I wanted to transfer everything to Hargreaves Lansdown anyway, but it would have cost me £250 in charges. The sell-out to Alliance Trust means it was all done free.

So, in mid-week things are looking a lot more rosy than Monday, but can this period of rising prices continue? It would be so nice to report on a profitable pension and reduction in paper deficit on Friday. Here's hoping...