A poor week for the markets, but some signs of a crawl back today. Where is the bear market rally all the market makers were chatting about in December?
British Airways - 154, had a nice run up to 180 where the shorters got in and took the price down again. Long-term I like BA now, cheap oil does wonders for its profits, competition is less, good management too. Possible upsides with merger speculation. Lots of short selling in it though. I am in at £2 per share.
RBS - Played a blinder, by chasing losses I have managed to lose even more than I originally would have lost. 94% down today....
First Group - Not helped by downgrades, a long-term hold. but I would say that having bought a share for £5 that is now worth £3. Very much regretting the oversight of a stop-loss on that buy. Hopefully low oil prices (subject ot pound not collapsing) will help what should be a defensive stock.
Sibir Energy - Averaged into this at £2 compared to £1.27 today, which is still a whopping way up from the current price. However, this is a very solid company which I fully expect to climb back when oil recovers - another one to hold for a year or two then....
Minerva plc - Small punt on this waiting for a proposed takeover, price has droped 20% since the stake building by KIFIN stopped at 29%. Hopefully patience will pay off.
China Fund - Still down 25%, much better than it was a year ago. Long-term hold
Brazil Fund - Down 40%, quite surprised as I expect Brazil to be the least hit out of the major economies overall. Long-term hold.
Gold & Silver ETF's- Not strctly stocks but have done well out of buying in and out of ETF's. Keeps making up for the losses on everything else recently. Plus funded some terrible punts on Urals Energy which were disastrous.
Corporate Bond Fund - Up 20% and has 15% yield. Shame I did not have the resources at the time to put more into it late last year when it was bottoming out.
Overall, still nearly 30% off the highs despite some good trading recently. Not a pleasing situation for me. Have got much better over the past year so I'' take it as a crash course learning module. Sticking to Gold, Oil and Bonds will hopefully see a much improved return in 2009.