Naughty, naughty Speccy

I've been a very naughty investor!

After writing my long post yesterday about the importance of the 10% rule, and looking at all the possible things I could do with my liberated £1,000, I have completely blasted the whole thing out of the water and bought some more OPTI:Optibiotix!

I'm sorry, but when I looked at the alternatives, and following the staggering news yesterday, I had no choice.

I do have one rule though, that I only buy more OPTI:Optibiotix if it means averaging the price down.

I set a limit order for 65p last night after proof reading my blog. This was 1p below yesterday's offer price, but more importantly it was 0.04p lower than my weighted average in the SIPP and over 2p lower than my overall weighted average.

Nothing happened all day, with the share price sat resolutely at 66p. Today was the only day I've ever wished the price of OPTI:Optibiotix would have dropped.

It finally dropped at 16:22 hrs and my order triggered to buy 1,584 shares at the stupendous bargain price of 64.445p costing £1,032.76. I've never been so happy to see a share price drop!

So I do have to question - if all the trades before that had really been sells as indicated, how can selling 57,648 shares relentlessly all day not cause the price to dip earlier? Could it be the MMs didn't want to encourage people to buy shares? Could they be filling a great big order? Could they have decided at the last minute to fill a couple of buy orders that had been lying around all day because they had achieved their targets? I'm amazed they would let a buy order sit there all day for 1p less than the offer price and not drop the price to fill it until the last minute, despite relentless sells all day.

I know it's really, really bad that I sold some CAML:Central Asia Metals because they had gone over 10% of my portfolio, only to spend the proceeds on taking OPTI:Optibiotix over 50% of my portfolio cost. I just couldn't stop myself - the story here is getting better every week and yet the share price is stuck at bargain basement. I'd be mad not to take advantage while I can.

In summary, OPTI:Optibiotix now makes up 50.7% of my combined portfolios, with 53,481 shares costing £36,054.04 at a weighted average of 67.4p a share. They are currently worth £33,657.18 at bid price minus commission, so losing £2,396.86 and they are still my biggest monetary paper loss and Nemesis Share. I just feel the time is rapidly approaching when these will blossom into something quite spectacular.

Remember yesterday I said it would have been a good day to buy LION:Lionsgold? It appears I was right, with the share zooming up 86% today. That means the offer price is now more than I paid for it, but I still have a 7% loss. Much better than yesterday, and maybe there's hope my trading account might get to break-even soon! Maybe I should calculate what I need to get back to my original £500 and slap a limit sale order in, as this one is bouncing all over the place!