Trading

I’m getting increasingly more worried about the market as each day passes. Something doesn’t “feel right” about this any more. Most of my shares are drifting downwards. Not tanking, just a steady drift… I think I’ll bail out of most of them at somepoint this week. It feels a little strange. Hard to explain, nothing seems to make sense anymore

Definitely selling MER and WMH anyway, may keep BOK for a bit, they seems to be doing ok. As are ALT and AEX. Perhaps go a bit more conservative, or admit I’m gold bug and pile it into an ETF… WMH had a bit of a rally when they released their results. Lots of people taking profit from them now and they are certainly in a down channel. Same with MER, they seems to drop in Oct for some reason!

Trading Dairy

Quick update,

Bought some shares in a mining company, Sunkar Resources. They have a large phosphate deposit in Kazakhstan which was previously mined by the USSR. Currently it’s being developed to provide fertiliser. So far, they’ve doubled in price from when I first bought them, and hopefully will continue on upwards as more positive news comes out.

WMH are doing rather poorly, I’d have thought more people would be gambling in a recession, seems a few large places have shorts on them though. Hmm.

Not investment advice!