Time to take some IQE profits

Over the weekend I decided to take some of my IQE:IQE profits.

I was dwelling over something I wrote about OPTI:Optibiotix in my blog on Friday.

 "That doesn't take away the hurt of these short term losses, or the knowledge that someone could stroll up today and get a massive load cheaper than any I've bought and reap all the same rewards without the 2 years of anguish."

 There is a way I could acquire an absolutely massive load myself at these crazy prices...

The IQE:IQE shares in my SIPP were a bit of an afterthought, and I'm fed up of losing my gains on AIM shares as the price gets manipulated. Add to that the sudden increase in shorting activity and I got the jitters. I'll keep my main holding in the ISA and bank the profit in my SIPP to use for a huge increase in my OPTI:Optibiotix holding.

I sold my 5,561 shares for 137.42p making £4,978.52 (186.9%) profit. Not bad! That's more profit than I've made on all my SIPP sales combined.

I bought another 10,701 shares in OPTI:Optibiotix for the ludicrous 59.95p costing £6,427.20 and bringing my SIPP average price down from around 69p to 64.6p. This means OPTI:Optibiotix now comprises 42.5% of my portfolio - so I had better be right about its prospects!

Another bonus was I had some spare cash to increase my holding in my favourite company CAML:Central Asia Metals. I bought another 544 shares at 218.2799p costing £1,199.39. This takes my total holding to 2,678 shares with an average price of 170.99p and making £1,142 (25%) profit. If you add the £473 dividends I've had in 2 years the return has been 35% so it's about time I got some more of these, especially with the price of copper on the rise and some new projects in the pipeline.

There is a fairly major negative side to today's transaction - the profits have been taken off my paper profits and plunged my combined portfolios £1,993 into the red when comparing value to cost. Even the SIPP has gone into paper loss for the first time in ages. Although the value of the combined portfolios has stayed at £68,000 the cost has gone up above £70,000. This is a bit of a milestone, but I need some lagging shares to turn around to get back into paper black.

So I'm sad to lose almost half my IQE:IQE holding, but delirious at the massive profits, the chance to get more CAML:Central Asia Metals and most importantly a whopping great bargain bucket of OPTI:Optibiotix shares which will soon propell the portfolio into the stratosphere...