A very frustrating week but one in which ultimately wasn't as bad as it looked at the start. For starters I have introuced Cineworld, Marston's and Moneysupermarket so no wonder the profit took a hit. Although profit now stands much lower than two weeks ago at £232, bear in mind the introduction of a lot of spreads and the fact that one or two have stopped out. Our equity is a respectable £776.
I felt that all of last week there was still bearish pressure. For every turn of bullish sentiment there was still the feeling of that being quickly combated. Aberdeen Asset Management showed how robust it is though repelling any negativity and still giving us £184 profit. This may be too early to predict but I really do feel that all my positions, barring one or two obvious ones like Talvivaar, are now fully loaded to go long. Premier Oil needs to shape up and basically all of the new boys. There will also be a fresh look at some of the small profit companies. They are making profit but we're talking minimal change from October.
So, with all things crossed, next week could be a much better indication of where we are in real terms. Another slide next week could see the selections almost go into free fall as a lot of stops will be near enough hit. It's something I wanted to guard against from past experience, although in Eurasian's case, I was glad that stopped out and gave me a profit of around £50.
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