Another fairly quiet day of trading, well for me anyway. Only really one thing to report and that is my F&C asset management position pyramided today. I’m now long £2 per point with both stops set at 69. The new position was set to buy in at 72 but again good old CMC markets suffered slippage. Still as long as it’s in my favour then I don’t mind it. They’re probably trying to compensate for the massive slippage I faced in EAGA a few weeks ago. Anyway, the new F&C position opened at 71.802. The position is currently sitting around a 10p loss. Hopefully the recent upswing will continue and present more pyramiding opportunities with it along the way. Only time will tell.
3i Infrastructure has finally started to move. It’s currently making new highs not seen since September 2008. Obviously the price has spent the last few months consolidating and is hopefully now gearing up for a new move. I just hope it’s an upward move. This buy was more of an experiment than anything else. The price was close to the super trend stop value and I thought I’d give it ago. The stock could be at the price it’s worth but who knows. Maybe the recent move is because of a take over rumour, I wish it was. Hey here’s an idea lets start a rumour that 3i Infrastructure is about to be the target for a take over bit at £10 per share. I wonder would that work? Doubtful, still would be nice if it did.
Thanks to everyone with their continued support via e-mail and over on the forum. I really do appreciate it. Offthelip thanks for the e-mail I will get to your request as soon as I get chance. If your wondering what the request was it’s for my super trend construction page. It’s not quite finished yet but it will be soon. When it’s done I’ll post a link on the blog to let you know.
One other thing before I go, I stumbled across spread betting forum . Net today. I’ve posted a request over on my own spread betting forum if anyone can help me let me know.
Until next time,
“May the markets be with you!”
Spread betting beginner
