Well I’m back after a 13hour drive home yesterday. Still it’s good to be home. What’s not so good is that it’s back to the daily grind today. I guess someone has to pay the bills. It’s taking a while to get back up to speed with work etc so things are a bit slow at the moment.


On the trading front not much has happened since I’ve been gone. I got chance to take a quick look at my positions over the weekend and they seemed to be all doing reasonably well. I checked them again this morning and they have all fallen back. Still not to worry, my stops will take care of any that fall too low, some are showing a sight “locked in” profit, others are showing a slight risk. With not getting back until late last night I’ve had no time to look for new trades. Hopefully I’ll get some time later to take a look.


On a side note I spotted a news report on BBC news about some bloke that is being done for a setting up a Ponzi scheme. In there is says about one couple who invested £1.4 million (Their entire life savings) into the scheme, and now there is only £14,000 left. The thing is if you are going to invest £1.4 million you would think you would do some research into the person that you are giving your money too. I usually make sure I’ve checked out any individual or company that I give any sum of money too. Anyway reading this made me think about when I had a phone call from Alexander Stark from ENEQ trying to get me to invest in Chesapeake Energy Corporation (CHK). I’ve kept my eye on the share price and I have to say it’s currently doing quite well. When he “tipped” me, the share price was around $23 it’s now around$27, so it’s doing alright. It did fall back initially to around $21 but has since rebounded. With hindsight I should’ve placed a small spread bet on it but hey If I had know then what I know not I’d be a millionaire already. All that said I would never give any money to someone who just phones me up, I much prefer to manage my own investments.


Anyway that’s about all for now. Hopefully I will have time to spend spread betting and improving the site. I still need to look into the speed issues that a few people have been having. I’ll try and get this sorted as soon as I can.


Until next time,
“May the markets be with you!”
The Spread Betting Beginner

January 12, 2011 by Harry
Category: blog
Tags: CHK, share price, spread betting