It's a very, very rare sensation to sit on the lav in the morning reading the day's RNSs and stare open-mouthed at how wonderful a trading update looks.
That happened this morning when I read the RNS from IQE:IQE, so I figured if we were really lucky there wouldn't be a massive drop in share price like there was after the last trading update, and maybe the slow but relentless creep upwards would continue.
I wasn't quite expecting a surge of 32.1%
Let's put this in perspective - IQE:IQE was already making £5,602 profit on a £4,607 investment so I was very, very happy.
Each 1p rise is worth an extra £121
Today the share price rose 27.5p, although the closing bid price rose 22.5p as the share price got ahead of both the closing bid and offer prices, which I'm rather hoping will rise to meet it tomorrow!
I do believe that's a rise of £2,724 paper profit in a day, even at the pessimistic end of the scale! The ISA holding is now up by 257% on purchase price, and the SIPP by 123%.
The portfolio was already up on the week, and OPTI:Optibiotix recovered another 1p, so with just tomorrow to go, the week is up by £3,817 and we're back in the black!
I guess I should be a tad concerned that without the £8,297 profit from IQE:IQE my combined portfolios would be doing pretty shit, but for tonight I just don't care and I'm going to the pub for a celebratory pint.
The last 4 weeks of misery have just been (temporarily) forgotten...
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