Tuesday 23 August 2016

A Few More Optibiotix

A tax rebate of £90 had appeared in my SIPP.

OPTI:Optibiotix was dropping like a stone

This could be my last chance to bring down the average price and get some cheap

£90 was too little to spend for the commission - even if a tax rebate doesn't feel like real money

I had to do it - too much temptation to resist - so £150 was added to my SIPP from my current account, bringing the available amount to £240. Still half my usual minimum amount, but even one more Optibiotix share will surely be worth it when this takes off.

I was a bit shocked at lunchtime when I tried to buy the shares expecting them to be 65p. The quote was for 70.3p. Surely not?

I logged onto advfn.com to see what was going on, only to see there was a vertical spike just as I was about to buy them. Bloody typical!

However, my average purchase price was still much higher, so it was still going to bring the price down - that's all that really matters.

£240.85 bought me 328 shares at 70.7p as the price was still going up. That brings my total holding to 6,912. I'm hoping even if the new spin-off companies only allocate one share for every ten, 691 free shares would be a healthy amount.

Happy to say the price carried on going up until 73p, causing the new purchase to cover the spread straight away and the existing shares to cancel about £400 of loss.

It's now losing a total of £797 which means it no longer classes as nemesis share.

Guess what does? After a brief reprieve, AFG:Aquatic Food is straight back into the position, with a £879 loss.

It was a pretty bloody amazing day today, with the combined portfolios increasing in value by over £1,200

Star performers were ARL:Atlantis up 15.4% and now only £28 off being in profit, IOG:Independent Oil & Gas erasing some of the losses from the last few days and now 74% up on when I bought them, and TLOU:Tlou Energy up 16.7% and making potential profit of 26%. Even ALM:Allied Minds, with a 3.7% rise is finally in profit, and all the house builders are going bonkers too. At this rate they'll have recovered the Brexit losses in a matter of weeks.

Three more days like today would make a massive dent in my paper loss and the week 55 review would be great fun to write...

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