Tuesday 30 November 2010

FTSE falls further

Well the good ol' FTSE has fallen a bit more today, I'm glad to get November out of the way really.
Yesterdays trading looks like this:
Account 1:
Costain stopped out @199.49 losing me £10.50
Datatech stopped out @289.26 losing £13.30
Henderson Group stopped out @118.9 losing £3.20
I opened up new trades in:
TalkTalk @153.78
Melrose Plc @300.45
Brown (N) Group @290.32
Fenner Plc @302.76
Restaurant Group @277.39

Account 2:
Aviva stopped out @368 the same day I bought it @379.1!
Xchanging stopped out @110 costing me £10
Cobham dropped like a brick and stopped me out @194.80 costing £15.
All the above added to my stop out list.
I established 1 new position in MicroFocus @335.1, previously owned but bought at a discount as usual.

After Tonys comment yesterday I requested a withdrawal from Worldspreads to that amount, but have yet to hear anything back from them. We'll see how long it takes for a cash out to occur. Tradefair used to be very good in that respect and their cashouts were usually done same day.

the FTSEs not very happy at the moment, so good luck out there!
The advantage for Account 2 is that the further the FTSE falls the bigger the discount on previously held shares and new positions will be.

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