As usual the great news that OPTI:Optibiotix have an ingredient in the newly-launched Seed Health symbiotic has caused the share price to drop. Fortunately the drop hasn't been quite enough to go into the red, but 2p more will be enough. When is this going to stay above 70p?!
Thank goodness for VRS:Versarien, which surged to 105p today giving me £2,012 (47%) potential profit. Of course it would have been 25% more if I hadn't cunningly flogged a quarter of my holding for 94.82p last week on the assumption it was about to drop to 75p!
OPTI:Optibiotix and every bloody AIM share I own reliably dropped after a surge like that, but the one time I try and bank some profit, what happens? The surge continues. Bloody typical!
I can't complain - I banked some money, got a gold mine and am making tons of paper profit. the decision to only play with 25% of my holding was a good one!
Meanwhile SBTX:SkinBioTherapeutics has gone mental and soared way above what's a reasonable price for its current position. For that reason I placed a limit sell order at 18.75p last night. Frustratingly the sells hit 18.6p this morning, but didn't quite stretch to my limit. However, the spread has widened and the offer price has increased from 18.75p to 19p so I'm hopeful there may be another mini surge in the morning so I can flog them and bank some profit.
I don't care if they carry on upwards, as I have my stash in the form of my OPTI:Optibiotix holding, which depending on how many they dish out should be in the tens of thousands. My intention, should the sell trigger tomorrow, is to hold the cash and buy back on the inevitable dip, as I'm sure this will be played by the traders the same way OPTI:Optibiotix has been, and probably still is. I want many, many more SBTX:SkinBioTherapeutics but with no cash, this is the only way I'm going to stand a chance of getting them.
I've received both my dividends from CAML:Central Asia Metals and LGEN:Legal & General and so have £281 sat idle in my SIPP. I was going to keep it as cash because of the commission expense of spending it, but seeing as it's free money I've decided to invest it in PAF:Pan African Resources. I've set up a limit order for 7.2p which is about halfway between bid and offer, which will get me 3,741 shares if it triggers. I do really like this company and seriously believe they have the capacity to double in value. P/E ratio of 5.23 and dividend yield of 6.23% is crazy.
So far the week is up by just £186 so everything hangs in the balance for tomorrow. There's a good chance VRS:Versarien will get hammered by profit taking so I desperately need OPTI:Optibiotix to get back to 70p else the week will become very red.
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