I've been waiting all week for IQE:IQE to drop back to Friday's level so I can top up with the proceeds from selling GVC:GVC Holdings on Monday.
It was with great despair that I saw the price had gone up to 130p at lunchtime. If I had bought immediately on Monday I'd be well up by now!
IQE:IQE currently stands at £5,924 (303%) profit on a £1,956 investment in my ISA, so I'm loathe to risk buying on a spike as it will horribly compromise that statistic if the price then falls, whereas at the moment the worst that can happen is a drop to a mere 250% profit or so.
The SIPP holding is making £4,037 (153%) profit on a £2,651 investment so IQE:IQE is making me nearly £10,000 paper profit on its own. That shows how badly the rest of the portfolio is performing!
Take note OPTI:Optibiotix!
I decided not to sit on my pot of cash in the hope IQE:IQE drops enough for me to buy more. This could be a terrible, terrible mistake, but if it is, then I've made it.
Instead I bought back into TLOU:Tlou Energy, purchasing 15,634 shares at 8.772p at a cost of £1,383.36.
I sold my remaining holding a few weeks ago at 9.322p and made £380 (69.1%) profit, and I pretty much regretted selling them immediately. If IQE:IQE won't drop to an acceptable price, then I'm satisfied TLOU:Tlou Energy have done.
My reasons for investing here haven't changed. A very strong management team who have created big companies in the past, a big local market for their gas and a government very keen to see their proposed power station happen.
That's all my profits used up so no more buying for a while.
This week is looking pretty flat so far, which is actually up by over £500 when you consider the big GVC:GVC Holdings sale erasing a chunk of paper profit. JLP:Jubilee Platinum had a healthy 9.5% increase today after announcing $50m financing for new projects. OPTI:Optibiotix had another depressing drop, and even IQE:IQE were very naughty, as my disappointment at missing out on the purchase was tempered by an 8p rise in share price, until I got home and found all today's gains had vanished by close of play. If the price tanks now then I may not be holding TLOU:Tlou Energy very long so I can revert to plan A!
It's been a busy week already - and still 2 days to go...
No comments:
Post a Comment