Tuesday, 26 February 2013

Pitstips - Finance

Well it could have been a hell of a lot worse. The net result from today's trading is a loss of 65 quid. This last four or five days I'm become accustomed to these almost heart attack inducing falls in my tips. At one point, my selections were sitting on a profit of almost £500 and equity of in excess of £700. That has shrivelled as first the AAA credit rating of Britain was reduced and then yesterday, instability in Italy had a dramatic affect on trade.

Both pre-bell days saw dramatic falls and at one point Pits Tips was looking at a loss of near enough £140. So, since that moment it's fair to say that the portfolio has levelled somewhat. At the bell today Pits Tips was up £212 with equity of £553. I need a good day tomorrow though to see the tips surge towards the £300 profit mark. Don't forget this figure would have been higher has the close position not triggered to close out Eurasian Natural Resources.

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