|Name||Symbol||Last price||Purchase||Target||Q1 2010|
|Caledon Resources Plc||CDN||52||58||65||20%|
|Xtract Energy Plc||XTR||2.5||3.3||5||-10%|
|Ascent Resources Plc||AST||5.25||6.3||2||-10%|
|Ithaca Energy Inc.||IAE||141||47||120||55%|
European Real Estate
|Petra Diamonds Limited||PDL||74.5||61||80||18%|
|FORTE ENERGY NPV||FTE||8.45||11.25||20||-22%|
|Pan Pacific Aggregates plc||PPA||0.75||0.79||1||-5%|
|African Eagle Resources plc||AFE||3.95||4||4.8||0%|
|Sterling Energy plc||SEY||135||155||190||-14%|
|XCITE ENERGY LIMITED||XEL||56||48||70||30%|
Boy am I glad my predictions of an imminent market correction proved wrong in Q4 of last year! I remained long throughout the first quarter this year and am still so, with less in cash than before. I may well change this position shortly after the election or even shortly before.
I have added XEL, another North Sea Explorer, SEY, another Kurdistan explorer and moved back into AFE as more drilling results are due.
I sold HOIL as thought there were better opportunities in Kurdistan and North Sea and their drilling news is not for months, sold for a 7% profit. Chariot is a great company but seemingly got taken over for a pump and dump, so I sold making a huge profit and will buy back in after the strange market settles, it went as high as 80 and is now back to 55. I sold at 250% profit. I also lost 50% of an investment after a few days into DES - idiot that I am! Over trading is hard to avoid, but leads to awful mistakes.
Very annoying to be behind Guido who has managed 38% so far this year, 3 more quarters to go though.