Monday, 26 September 2016

Back Into The Red

What a disastrous day - a sea of red and the combined portfolios slip back to a loss.

It could have been so much worse, as the overall losses were only about £300, which given that only six shares were blue today is a small miracle.

However, it was enough to drive me back underwater and I really hoped to stay afloat from now on, especially after being £1,300 in the black last Tuesday.

When I checked the prices at lunchtime TLOU:Tlou Energy and RED:RedT Energy were both up all morning, but then dropped after 2pm. If they'd stayed blue it could have been a break even day, which would have been even more of a miracle.

Thank goodness for AFG:Aquatic Food which climbed 10%, meaning it's almost passed AFPO:African Potash to get out of its 2nd place in the Nemesis Share competition. OPTI:Optibiotix still leads that by a long, long way, dropping another penny today.

CAML:Central Asia Metals climbed just 2.25p, but every penny is worth £20 so it helped negate some of the losses. NTBR:Northern Bear climbed 2.2% which gets this within £35 of profit, and WRES:W Resources climbed a magnificent 0.04p which translates to 8.2% and means this isn't far from breaking even, at least in the SIPP. Still a long way to go for the ones in the share account.

The other phenomena that reduced today's losses was the number of shares where the share price dropped, but the bid price stayed the same, so I didn't register any loss as I'm using the most pessimistic price.

Let's hope Hils gives a storming performance tonight and Trump makes an idiot of himself, else I hate to think what horrors tomorrow will bring...

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