Will only cover stocks bought in the present month the last thread was getting too big and weighted down by one argument on one company. seperate threads are set up for each company from the old thread.

Buys this Month.

Telecolm Plus Results due Friday and has made an excelent start as a new buy. Now through the important 350p resistance barrier.

Sci Entertainment Another company which has an update coming and is up on the buy price. Latest trading update mentioned sales well above budget.

Bema Gold A little gem of a gold miner and has surged on the back of the increasing POG, star of the Month.

Thistle Mining A speculative punt and one which leapt 41% in one day on back of new drilling results. I lopped the top of this one when increase from buy was circa 34%. Rest left in as a gamble on POG.

Caldwell Investments Nothing Spectacular here but still up on buy price. If its good enough for Jim Slater and Evil Knievil, its good enough for me.

CardPoint Latest buy and just ahead of buy price. Been tipped by the Red Hot Penny Shares and also Citywire.

Stocks On The Watch List

Wolfeson Micro, Radstone Technology, Proteome Sciences, Fulcrum Pharma, Severfield Rowen, Deltex medical, M L Labs, NAP - Porvair.

Any comments on the portfolio welcome.

cheers GF.

M+,

Maybe they will, but the "Saddam bounce" will be shortlived i think, then the market will return to their former selves.

My take is gold will be down, as will oil, and other minerals, and techs and the rest will have a good day.

I just can't see it lasting long, the troubles in Iraq are still there, and won't go away just becuase he's been captured, although they may eventually cease earlier now he's out of the equation.

I'm glad i don't hold any shorts though!

Hi anna, thanks for your reply.

No I havent seen the report fom this Bourke Guy, but I can probably predict what he is saying. I always beleive there is two sides to the coin and bourke is pumping his. These shorters tend to be very inteligent brainy people very much wraped up in what they are doing, and thats the problem as they dont seem to be able to see ' both sides of the coin' and cant move from their stance.

Gladly Evil Knievil can, and one of the main pointers which promted him to move from a Bear stance to a Bull stance on the markets was the World Ship Freight tonnage rates which abour 8 weeks ago had moved up massively showing that the World Economy was on the move again.

I say well done Evil and well done the World. I beleive we will have a rocketing market in the morning and I think we all know why.

Cheers goldfinger.

Hi Moneyplus glad to see you hold some of mine, but im not going to dwell on that, I just ask everyone to hold a balanced portfolio go for a football 11 formation with a 4 4 3 at the moment.

3 attackers TMT stock

4 midfielders, service sector, chemicals, healthcare, envoiremental stocks etc

4 defenders, food manufacturers, food retailers, large oil and Gas suppliers, and utility companies.

This can be doubled up to two teams if you have a large portfolio.

It does help to offset risk and on bad days things dont seem to depressive.

Stick in there for the big rise in the morning.

Cheers GF.

Aimtrader I am glad you dont hold any shorts. I can just picture Evil Knievil on waking up to his alarm in the morning, I bet he cant get his shorts on fast enough around his ass lol.

I honestly think we will have a good three week period.

Good luck and cheers GF.

Hi GF - well we'll see what happens post Saddam-capture but for what its worth, the Michael Bourke item is still on the home moneyam page
Bye for now
Anna

Anna, just found it re- icebergs etc. Yup seen these kind of write ups many times in the last 6 months. What this guy is saying bottom line is that stocks are overvalued at present, but what he isnt seeing is the much improved growth rates that are coming through in both the US and here. 8.5% forecast US, 3% here.

When the earnings are registered the P/Es will fall back and thats why it is a stock pickers market at the moment. Lets face it all the ripe fruit were picked from the lower branches of the tree in early June to late July, but theres no need for concern within the markets. I do beleive we will see a rebasing in the early part of next year when the results start flowing through.

Theres also the exciting prospect of OFEX which I have now warmed to competing with Aim, which should give us more choice and greater satisfaction if they get there act together from May onwards.

cheers GF. Blimey its nearlly 4 in the morning, and I have to be up for 6.
Sees you.

WLF looks to have started a new up-leg. MMS desperate for stock, 10-20k regularly on bid much smaller on offer.

Yup just seen this and am pondering wether to Buy. I also see Danka another on my watch list as taken off today. Just wondering though if tuesday will be a throw off day but having said that for some reason I have put a message down that says quarterly spread bets expire tomorrow, I wonder if that will lead to a wave of shorters Buying back?. Any ideas on this. Cant remember where I got the news.

cheers GF

Sold a large slice of all my gold holdings, the dollar will gain strength for a while with the saddam capture.

Will go back in though when the time is right.

cheers GF.

GF,

Well I am surprised, because i read it the other way!

Personally I thought gold held up well today, and fought back earlier losses well, and finished with strength.

I think US$ is in a downtrend, and they (FED) want it to devalue, and their actions are working towards a lower $ value, to ease their debt burden.

US figures out tomorrow, and maybe a further $ fall if they are bad.

I am more bullish re gold tonight compared to this morning, and am looking to top up existing holdings, and possibly a decent new play, if I can find one.

i am convinced 2004 will be gold's, silver's, and other commodities year!!!

Yes GF, you're right, all my Dec quarter spreadbets expire today, however, I will be rolloing them all over, so mine certainly won't affect the market. May cause an extra bit of volatility though and higher volumes...

Hi SB, where have you been?, havent seen you for a day or two.

Looks like I and the media experts got it wrong, who would have thought the dow would close down Monday night after the capture of Saddam. Anyway I can always admit when I get things wrong, nothing wrong with that. Better to be open about it.

Bought back into more avocet and Bema.

Lousy day today but surely weds will give us a bounce.

Bond International is testing my patience, if it gets over 50p Im getting shut for a nice profit.

Added more TT Electronics today 7 days on the up now I think.

We are seeing side ways markets, what we gain one day we lose the day after on a lot of shares. Certainly the markets are going against the historical xmas trend, mind I here its the same with the retail shopping, so we might be in for a late burst and a happy new year. Fingers crossed as ever.

cheers GF.

ps, sorry for my lack of posts but I have a lot of clients xmas partys to attend. All part of the job as you know, and my stomach is showing it lol.

Havent a clue go on then what was it?, under $200?. Probably was, would be interesting to know.

cheers GF.

ps, anybody noticed how the Yanks have a brilliant session and then we follow up with a pathetic session. Its hapenning all too often this now. I wouldnt mind but the economic indicator given out today shows Unemloyment falling again.

cheers GF.

Testex, have you found the price yet?, I cant get the gold eagle site up for some reason, so no access to historical data.

cheers GF.

Testex,

December 30, 1999 $290.85 - $290.25


Source : http://www.kitco.com/gold.londonfix99.html

Testex,

Not sure i go long with the $800 theory, and everyone seems to have a target, but i personally doubt a DOW rally next year, and see gold as a defensive play in a financially uncertain world.

As the US$ loses value, people are seeing gold as an alternative, and i believe the US authorities are going to allow the $ devaluation to continue, so i see gold travelling higher next year.

I think yes we will see gold going higher next year up until we get the first US interest rate Increase probably around August/September. Dont forget its presidential elections in the US next November. The Bush camp will want a strengthening of the dollar going into those.

On a seperate point dont forget aswell that China is a big buyer of the Yellow stuff as is all the eastern world.

cheers GF.

pretty good day on the markets, with TT electronics the only one letting the side down. Lets see if we can sort that out in the morning.

By the way I have decided to stick with I D Data, as I think the going forward statement looks bullish. I sold NCHIPER one of my momentum punts tuesday for a small gain.

GF,

Not too sure they would want a strengthening US$, it seems that all their policies are designed to weaken it!

I think US is very happy to see a strong Euro and weak $, as not only does it ebable them to sell their goods and services cheaper and easier, but also profits being repatriated to the US are worth more, thus increasing company earnings.

I really don't think there'e too much room for anything more than modest interest rate increases, given the level of corporate and personal debt in their economy personally, it would be very painful, and just before an election could be suicidal!

I andy, I really wasnt thinking of a big increases in interest rates. Like you say modest ones will be used to keep inflation down and perhaps boost US tourists abroad which always gives the feel good factor a boost.

Well onto the general stock market and I honestly cant remember one so bad at xmas for a long time. It seems to be taking on the same traits as the retail sector. I think we will be in for a last minute rush, but its not been very good.

Perhaps next year is the year consumers tighten their belts and start to repay back some of the huge debt they have raked up. One reason I will probably be staying out of the consumer sector.

Please have a good weekend and dont get too drunk. Xmas is only a few days away theres plenty of time yet.

cheers GF.

GF,

Totally agree re the retail sector, one to stay well clear of in 2004 IMHO.
Possible exception may be Peacock's, which serves the lower end of the market, and will probably be less hit by a slowdown than others.

Not sure about UK consumers starting to clear down their debt, according to an article I was just reading, they're borrowing more than ever!

Have a good weekend yourself!

Regards,

Andy.