Huzzah for GVC!

I was wracked with remorse after selling my PAF:Pan African Resources shares last week. This was part of my plan to buy more deep purple shares and get my cash return rate back over 6%.

I invested everything from that sale in GVC:GVC Holdings, one of only 4 deep purple shares on my spreadsheet, taking my holding to 749 shares.

Yesterday they merged with BWIN:Bwin.Party Digital Entertainment and their shares surged.

Today they were admitted to the main market of the Stock Exchange and their shares surged by another 9%

So in just a few days they have gone up 25% and are sitting with £682.39 profit - it's amazing!

After the doom and misery of January, February is a much brighter place.

Tragically a 2.3% fall in the FTSE 100 buggered up the rest of my portfolio today, but this profit allowed me to nibble away a big chunk of the paper deficit

Now for the quandary - I've never had a profit this big on a share before. There's such a massive temptation to sell it and bank the cash - it would blitz my performance stats.

However, this is a deep purple share and it remains deep purple even with this share price, which means I would buy at this price. It doesn't go into light purple until the share price hits 800p, and that's with the GVC only profits. Profits could more than double after the merger so this could stay deep purple for some time.

I think I'll hang on to them...

Meanwhile I accidentally bought another 9187 shares in FAST:Fastnet Equity for 2.7p costing £260. I say accidentally, because I had only added the money to my account for a speculative purchase of SAT:Satellite Solutions after reading an article about them doing a deal with BT to supply satellite broadband. I left a limit order, but it got zapped by all the other people that had read the same article and forced the price higher than I was willing to pay.

I should have put the money back in my bank account, but I've got a feeling about Fastnet. Anyone with the sense to get out of oil when they did must have the sense to invest the resulting capital in something worthwhile. Although I've only invested a small amount, I've ended up with 14,695 shares. I'd need it to rise to 10p to make £1,000 which isn't going to happen in a hurry, but it may happen if they invest in something good, so I shall watch with interest.