My Cass fantasy stock portfolio did well this week. Since I started the portfolio 22 days ago I’m up 6%. My gut feeling to buy some consumer electronics stock which I wrote about last week paid off. On Sunday/ Monday I bought £7,500 worth of Kesa the European electronics retailer at 117p, it closed the week at 123p. All the other stocks are performing well. WPP is running ahead and at a price of £630p I will to add to my holding.
I’ve added another £15,000 to my holding in Royal Bank of Scotland; this is my largest position with £41,000 invested in it.
The reason I bought into RBS again is that I think its going to break out on the chart. Technical analysis is always good for identifying resistance and support levels. After 40p the next level will be 43p-44p.
The one stock I’m waiting to turn around is Ladbrooks but Cheltenham and World cup betting have not started yet.
This week I’m going to have a quick look at Aga. They have moved back into the black and have had a good start to the year in terms of new orders. The only negative to buying Aga is that it is a small stock and illiquid. My strategy is to invest in larger stocks but if I think I have found value I will invest in it.
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