If you are a regular reader of this blog you will know that I will not be about for the next few weeks now. I’m off on Holiday, (If you can call visiting the in-laws a Holiday). I’ll be back on the 4th September and will try and update on Sunday the 5th but more likely on Monday.
Anyway the FTSE seems as if it just can’t make it’s mind up what to do at the minute. I suspect it may test the 5400 barrier again sometime soon. Will it manage to get past it this time? Well who knows, I suspect it might but then again it might not.
Most of my poositions are still not upto much. Cobham dropped a few points today which puts me around 6pts in profit. Meggit gained yesterday and today hasn’t moved too much putting me around 15pts in profit. F&C hasn’t moved much today after yetsredays massive 23% gain. Does anyone know why F&C moved so much. I had a look around but couln’t find any news as to why it happened.
I have taken the descison to leave my positions open. I will have the odd opportunity to check them while I’m away so I decided it’s a good idea to keep them open. It may turn out to be the wrong descision if it is then it will be another lesson learnt the hard way. If I had no access what so ever then I would close out the more short term trades and leave the longer term ones open.
My premier foods position closed out yesterday for a 3.5pt loss. I may look to re-establish a new position of the price falls a little further. Otherwise I will leave it be.
Anyway that’s about all from me today. If I get time to update while I’m away I will but I make no promises.
Happy trading, I hope the markets are kind while I’m away.
Until next time
“May the markets be with you”
Spread Betting Beginner
