Buying spree

It feels somewhat uncomfortable writing a post entitled ‘buying spree’, given my current ambition to trade less. However, it seemed appropriate given I bought three new positions this week. Quite a few decent looking opportunities have been cropping up and it seemed foolish not to capitalise on at least some of them. Continue reading

Summer jitters

Since I last optimistically posted about the state of the markets a couple of weeks ago, things have taken a turn for the worse. This has particularly affected the US markets. The media have latched on to the nearest suspect, the prospect of a US trade war, as the most likely culprit. I’m optimistic that a sustained major trade war is unlikely to materialise and I’m still keeping my positive medium term outlook for the markets. However, I don’t think it pays to have too much conviction about such things. While no doubt fears about tariffs are a catalyst, the factors underlying the recent market weakness are likely more complex and could be a legitimate cause for concern. Continue reading

MCGN bought

The portfolio has been on a pretty good run over the last month or so. I’m now fully invested, having spent the last of my cash balance this week topping up Adobe Systems and buying a new holding in Microgen.

I’ve been very busy at work recently so am struggling to make much time for the blog. I am gathering ideas to write about for when I  have more time later in the summer. Continue reading

ACSO bought

A good week for the portfolio last week – a 2% rise. Market conditions seem pretty optimal to me at the moment. The FTSE has benefited from a surge in the oil price over the last month and a fall in the Pound against the Dollar. Quite a few shares on my watchlist seem to be breaking out or about to break out. There seems to be a healthy degree of scepticism in the media at the moment about how much further the market can continue to rise. Hopefully this should mean there is cash on the sidelines to provide the fuel for another leg up over the second half of the year. Continue reading

HWDN bought

My portfolio had a fairly decent week last week, breaking out more convincingly to new highs. We are in the middle of results season, with five companies in my portfolio reporting this week: Estee Lauder, Paycom, MasterCard, Moncler and Howden Joinery (new buy). All of these reported earnings and revenues ahead of analyst expectations. However, some of their share prices fell on the news, including fairly substantial falls from Estee Lauder and Paycom, presumably as speculators were hoping for even greater outperformance. Thankfully my portfolio did well in spite of this, or I might have felt rather hard done by… Continue reading

Exchange rate respite

The exchange rate headwind I’ve been facing from a strengthening Pound and weakening dollar is starting to show signs of changing to a tailwind. This is providing a welcome boost to my portfolio, which is bouncing around near its highs but still failing to make real progress. I made one opportunistic purchase this week, buying AB Dynamics after it reported some excellent results and a bullish outlook. Continue reading