Holiday Money Crisis

I discovered over the weekend that when adding internal flights, extra night in hotel and disastrous exchange rate, the amount I need to pay the rest of my holiday isn't £2,000, it's just over £3,000!

Cue dramatic music and look of horror on innocent investor's face!

This gives me a terrible dilemma. I don't want to sell anything at a loss, and I don't want to sell one of my favourite profitable shares.

What to do?

First of all I watched IOG:Independent Oil & Gas like a hawk this morning and as soon as the price went up by 10% I sold the lot that I bought with my holiday money.

This was a rare example of good timing, as it meant I sold them for a £127 (20.3%) profit in two working days. Shame I didn't have that sort of success with my trading account! What's more, they ended the day down by 2.2% which would have been horrific.

This means the £599.80 I started with has become £727.18 and gives me a total of £1,300 towards the holiday if you add it to the £600 I had in my current account.

This time there will be no messing about - the proceeds from the sale will go straight back to my current account where they will be stashed safely until the end of the month.

That leaves the £798 I spent on KIBO:Kibo Mining that I need to liberate. That didn't budge today, so I just need to hope it goes up from 5p to 6p this week so I can sell with a decent profit. If I can get that to £900 then I'll have £2,200 of the £3,000. Then I need to work out how to plug the £800 gap. I'm thinking I may have to apply for a slight increase in my overdraft as there's nothing immediately springs to mind that could generate £800 without selling at a loss.

Generally today was a bit of an anti-climax after the excitement last week. Even with my wonderful sale this morning, I still ended up losing about £30 today, mainly due to AFG:Aquatic Food losing 1p (£93) and although the share price of ALM:Allied Mind went up today, the bid price sank by 10p. Good news was LOOK:Lookers made a big acquisition, and it's their interims later in the week, so I'm hoping the rally will continue as every 1p nibbles another £10 off my losses.