Naked Trader can be followed at his website below.
From the site.
Well, I've been buying. Let's call it Robbie's Xmas goodie sack. I've had a giant bank of cash on the sidelines and I've plunged in with some of it buying 7 stocks!
Out of the sack first: Tullow Oil (TLW). I took advantage of the crazy mark down yesterday morning - didn't quite manage to catch the bottom but it was a real present from Santa and I got 1,000 shares at 594.81p. And £10 on the spreads at 596. Just promoted to the FTSE100 these could be 900p by this time next year - so a medium term hold. Target 850 stop 565
Santa sack 2: New Brit Palm Oil (NBPO). Remember I had trouble getting hold of these but thanks to e-trade (no thanks to Barclays) I got 2,000 more shares at 293.5p. After getting 285 on the spreads in my last update these have soared nicely to 325. Massive institutional buying! I hope to hold onto mine now for quite some time and I think they could double this year as I think Palm Oil is going to be the next big thing.
Santa Sack buy 3: I bought back VP Group (VP.) - 1,000 shares at 318.3p. Lovely company that's been unfairly marked down. I think it could go back up just as fast. Target 420 stop 280.
Santa Sack buy 4: Fenner (FENR). Made a heap of money on this one in the past and it's time for me to re-enter. I love the look of the volume that came in the other day and bought back in on the strength of that for 1,800 shares at 232.2. Target 280 stop 192. I think something may be afoot! We shall see!
Santa Sack buy 5: Keller (KLR) - again made lots on these in the past - the current price is silly especially as the expected profits warning didn't occur yesterday. I got 500 shares at 657.97. Target 780 stop 625. It's been marked down way too much on sub prime fears.
Santa Sack 6: Petrofac. (PFC). I've topped up. I don't expect this one to be around this time next year. My favourite sector! Added 1,000 new shares at 529.5 to add to the ones I bought a while back. Target 700 stop 485.
And finally! Santa Sack buy 7: £40 a point spreadbet in PV Crystallox (PVCS) at 135. Its solar markets really should boom next year - made some money on this one earlier in the year and with some monumental buying going on today, could easily bounce a lot higher. Target 185 stop 120.
New Brit Palm Oil (NBPO) looks interesting although it has flown since IPO. Could fall back some way as credit crunch fears hit the market. Lets see if the share price holds up tomorrow if London takes a tumble first thing.