I've been sticking my head up from behind the sofa for a good few days and I think it's safe to emerge now. Isn't it?!
Oh I don't know! I don't think anyone knows really if they're honest. All we can do is try to follow the trends as best we can then if things turn to plop then just run around waving your arms around in a crazy panic as your hopes and dreams disappear! That last bit is probably just me actually.. In the meantime before any impending downturn I'm trying to keep my trading at a minimal, although if something ticks all my buying boxes then I'll certainly give it serious consideration. Such an example is mention further down in the markets section of this update. So what's been going on in the personal world of The Crap Trader? Well, mostly work! As mentioned previously my current contract is pretty full on at the moment with long evenings slaving away so this is reducing a large percentage of free time I have! Whilst not ideal, it does come with the territory of the type of work I do and I'd certainly rather be in this situation than out of work! Luckily due to the nature of parts of the evening work it does allow me a bit of time to step away from the computer and either take the dogs for a walk or spend some time in the gym. I feel it's mega important to allow yourself these times to just switch off and not think about anything work related. It certainly helps me stay relatively sane! This Monday morning I'll be sitting my Motorcycle theory test which will allow me to have lessons and subsequently take the "A license" test. I quite fancy getting something around 600cc to start off with, maybe a Yamaha R6, Honda CBR or maybe even a Triumph Street Triple. That said before I buy a bike I need to create space in the garage to home it (I will get round to cleaning the fish tank and selling it Mrs CT, promise!!). All that of course depends on passing this theory test first, so fingers crossed for that! Our mortgage is up for renewal in a couple of months so we had an advisor round to check out some deals for us. It looks like we're able to knock a couple of year off our overall term for the same monthly payments which is good news! It'll certainly go towards paying it off that little bit quicker! Markets It's been quite a flat week which makes a nice change from recent general downward movements. Here's what's been happening... Tuesday saw XL Media (XLM) release their full year results for 2017 with some good figures, revenues up 33%, gross profit up 37% and profit before tax up 27%. Decent steady results which help reaffirm that this company is continuing to move in the right direction. Initial reaction saw the price drop to the mid 170's, however by market close on Friday it had moved back up 3% to the mid 180's. I'm certainly not looking to relinquish my holding here for the moment. Recent buy Communisis (CMS) has dropped from my purchase price though only around 5%. You could argue I should have waited a touch to get a better entry position but a quote I read fairly recently struck a chord. Now I'll be honest, I don't remember where I saw it, who said it, or even if I've quoted it correctly but it went along the lines of "don't chase the first 5% with your buy, and don't chase the final 5% when you look to sell". Whatever the exact words were, the point made rings very true for me personally. This week I purchased Numis (NUM). It had been on my watchlist since a trading update on 6th February stating the company had experienced a very strong start to the year with revenues "significantly ahead of the comparable period the previous year", positive words indeed! It came to my attention again this week when it appeared in ADVFN's 52 week breakout "Toplist" as it broke above it's 52 week high. The figures stack up nicely and the chart is in a lovely upward trend, this coupled with that positive early trading update tempted me into clicking that buy button. Until next time, Ian
3 Comments
10/7/2019 10:13:31 am
I was very happy to find this site. I would like to thank you for this special reading. Thank you very much
Reply
1/4/2022 11:33:53 am
I hope that you get to pay all of your mortgages off. Just continue making the efforts as I do. I’ve done hundreds of jobs day and night to pay my mortgages including providing Dissertation Writing Services, attending classes on behalf of other people, serving at bars, and so on.
Reply
4/23/2024 10:39:12 am
Hey there! I think it's great to see things getting back to normal. Voice over recording services are picking up again, which is a good sign!
Reply
Leave a Reply. |
AuthorConfessions of a Crap Trader is a blog following a regular investor trying to make profit via the London Stock Exchange. Follow his journey as he attempts to hopefully one day pay his mortgage off in full! Archives
April 2018
Categories |