Buy more APF Anglo Pacific Group @ SC

PURCHASE of  Anglo Pacific Group Plc Ord 2p
at: 148.7100 pence on 06 JUN 2007

Sell Dec DSG 170 put

Contract = (DXNS) DSG International Plc dec07 170 Put
Exchange = LIFFE London International Financial Futures Exchange
(Principal)
Currency = GBP
Type = Sell to Open
Quantity = 2
Price = 12.75p
Gross = �255.00cr
Net = �228.90cr
Trade Date = 04 Jun 2007

Sell MRVL Jan 17.50 call

redoing the call spread to lower strike

Contract = (MRVL-N) Marvell Technology Group jan08 17.5 Call
Exchange = Chicago Board Options Exchange (Agent)
Currency = USD
Type = Sell to Open
Quantity = 2
Price = $1.65
Gross = $330.00cr
Net = $310.00cr
Trade Date = 04 Jun 2007

Buy Share Plc Ord

Owning shares in the Share centre gets you 1/3 of dealing costs
Trades on its own platform

PURCHASE of Share Plc Ord 0.5p
at: 25.0000 pence on 01 JUN 2007 date at 03:00PM

ETF Trends: ETF Performance Reports

It is worth keeping track of the best sectors + etf s with a view to weighting your portfolio towards the strongest sectors. Obviously this brings a risk of holding the most ' fashionable/ overvalued' shares. Hopefully a reasonable market overview + a bit of commonsense will help avoid the worst!

Usefull monthly reports @ etftrends.com
http://www.etftrends.com/etf_performance_reports/index.html

Bullish sector ETFs comparison - US basic materials

These ETFs are in strong uptrend.
They track the basic materials economic sector of the U.S equity market.

XME - metals + mining has the best recent performance but more volatility.
VAW has a 1.33% yield + good mix + low TER = 0.26%....? safest bet

Good Uptrends AMEC+ SGR Shaw

AMEC

AMEC
Perfect Uptrend - looks like I got out way too soon.
M Cap -Stg 2 B
Div 2 % P/Sales=0.62

UK based international project management and services company.
In global infrastructure/ environmental/ energy services areas.
Incl nuclear services.
Being re-organised for more profitability.
''strategy to make AMEC a leading supplier of high value consultancy, engineering
and project management services to the world's energy and industrial process markets."

Share buyback programme To date, 2.85 million shares have been bought in the
market to be held in treasury for a total cost of nearly #15 million.The board intends
that further buybacks should be made during the course of 2007.

Big institutions seem to be taking profits now though.

...............................................

SGR Shaw Group

SGR Shaw serves similar global markets from US base.
Shaw has won Chinese contracts to design + build nuclear power stations.
Again sold too soon.

M Cap 3.5 B USD
P/Sales 0.66
Revenue 4.9 B
No Div
7 % sold short


SGR v AMEC











Conclusions:
Both are in major uptrends
SGR looks more overstretched in short term
AMEC looks safer buy now
Both look good on a pullback

Buy APF Anglo Pacific @ SC

Buy APF Anglo Pacific @ 155.28p

Basically a shrewd mining fund controlled by acountants
+ good yield > 4 %
current PE 8

seem to be breaking out along with mining sector

Have £9.8million cash pile on last financial results for the year to December.
+ have £67million investment portfolio
incl some Uranium interests

Small buy
Plan to add if any real pullback

Buy more Interactive World ITW @ SC

Interactive World is cheap + high yield
so makes sense to average down.
Buy more @ 77.20p

Sell AI Aero Inventory @ SC

AI still looks good but
Same reason for sell as Goals SC

Sell Aero Inventory @ 437.15p
Buy Aero Inventory @ 392.50p Apr 07
Gross profit = 10%

Sell Goals Soccer Centres @ SC

Opportunistic + precautionary profit taking

Still think small-moderate summer selloff
fairly likely

SALE of  Goals Soccer Centres Plc Ord 0.25p
at: 390.5000 pence on 31 MAY 2007

Buy @ 355p on 7 Mar 07
Gross Profit = 13 %

Sell China Mobile dec07 50 Call

Contract = (CHL-N) China Mobile (Hong Kong) ADR's dec07 50 Call
Exchange = Chicago Board Options Exchange (Agent)
Currency = USD
Type = Sell to Open
Quantity = 1
Price = $2.6
Gross = $260.00cr
Net = $250.00cr
Trade Date = 30 May 2007
Settlement Date = 31 May 2007
Expiry Date = 21 Dec 2007

Buy back to cancel MRVL jan08 20 Call

Contract = (MRVL-N) Marvell Technology Group jan08 20 Call
Exchange = Chicago Board Options Exchange (Agent)
Currency = USD
Type = Buy to Close
Quantity = 2
Price = $.7
Gross = $140.00dr
Net = $159.00dr
Trade Date = 30 May 2007

bought @ $1.40
gross profit = 50%
still losing on calls bought!

Buy moreGLA Galahad Gold @ SC

PURCHASE of Galahad Gold Plc Ord 1p
at: 14.1500 pence on 30 MAY 2007 date at 04:01PM

Galahad Gold PLC holds 9.3% of Uramin on a fully diluted basis.
It seems the market is valuing its 9.3 % stake in
Uramin at a discount of >90%. 

Monthly + Summer Trends

July/Aug are the traditional summer rally months in the US
US does better than UK over the summer generally.

June is the second worst month of the year for the US market
June has a 2:1 down: up record for the Dow
Exceptions were during the 1980s+ 1990s bull markets

May has seen DOW declines 55% of the time or has led
to declines in June or July.
The recent years have seen fewer declines though.

April has been the best month for the DOW up nearly 2:1
+ averaging 1.8% rise for the month.
April generally reverses the March trend - 2/3 of the time.
The first 2 weeks are generally better than the final 2 weeks in April
though both see rises - 1.2 % + 0.3% respectively.
The S&P behaves similarly - with a fraction less gains.

March is usually either neutral or slightlyhigher, often
leads into a market Top either in April or May.

The Dow in the month of March rose 36 times and declined 21 times.
There have been fewer declines in recent years.
The S&P 500 is similar - March is the fifth best performing month.

Nasdaq does worse in March:
Itranked as the third-from-the-bottom month since 1971
even though it had 22 ups and 14 downs.

February is the 2nd worst Month for the S&P 500
which averages a 1.7 % decline.
The DOW does a bit better - averages a 0.22 % gain +
tends to follow major trend.


The worst 6 months are from 1st May to 31 Oct for the US Markets
However there has been a memorial week rally c 80% of the time in
last 25 years. Some recommend Gold as an antidote to market weakness during this time.

Oil Services - OIH typically rally to may then decline over summer- most years
see...http://energy.seekingalpha.com/article/36685


A list of the Strongest Summer Performers on the S&P 500 over last 4 yrs
http://usmarket.seekingalpha.com/article/36719
GILD + HUM in Healthcare look like best bets to me

GLA Galahad Gold & UMN Uramin

UMN trending up nicely.
GLA Galahad Gold is unchanged.

UMN is potentially a very large near term producer of
Ur with interests on several continents.

UMN is on a low valuation.
It has a big historic resource base of 236 million lbs of Ur.
It is capitalised @ 850 million Stg
Galahad Gold is a way of buying uramin at a discount.
Therefore put order in to buy more GLA

I believe GCL also owns UMN

V good discussion on UMN on www.iii.co.uk
http://www.iii.co.uk/investment/detail/?display=discussion&code=cotn%3AUMN.L

Indicators - $CPCE--CBOE Equity Put /Call ratio

$CPCE--The Chicago Board Options Exchange (CBOE) equity put /call ratio

This indicates the sentiment of options traders.
Put buyers are betting that stocks will fall.
Call buyers are betting that stocks will rise.
Usually a contrarian indicator.

Every day, the CBOE adds together all of the call and put options that are traded
on all individual equities, as well as indices like the OEX, or S&P 100. They
calculate the ratio by dividing the volume of put option contracts by the
volume of call option contracts.

A reading of 0.80 is considered normal.

Like VIX Higher levels indicate fear, and lower levels indicate opposite.

A put call ratio around 1.0. is usually near a market bottom.

Most usefull @ extremes.
Buy when this is high - around 0.9 to 1




Link to weekly chart/ or you can change it to daily
http://stockcharts.com/h-sc/ui?s=$CPCE&p=W&b=5&g=0&id=p13357284418

Good brief talk through from Trending123.com
Put-Call-Ratio-Hits-Extreme-Bullish-Levels

Links for market commentary/ tips

Lots of current US opinions/material
The video interviews are generally good
www.thestreet.com

Daily Economic View
Brief note on UK / world equities + currency/ commodities
from BOI global investing ....
http://www.bankofireland-dailyeconomicview.co.uk/BBUK_External_pdf_final.pdf

General UK business/ investing
David Lintons weekly chart review is short + good
You do need to register for this
www.cantos.com

US trading blog based on Commitment of Traders report
http://garyscommonsense.blogspot.com/

US Blog short term trade picks with options trading in mind
http://z-stock.blogspot.com/

Mostly bearish TA based blog with daily updates
http://tradertim.blogspot.com/

A mix of commentary from newsletter writers
They also publish some interesting surveys with the aim
of tracking current trends from investors view.
http://www.changewave.com/

A mix of stock tips from mostly newsletter writers
http://www.thestockadvisors.com/index.php/

The solution to email teasers from investment newsletters
and advisers can often be found @....
http://www.stockgumshoe.com/index.html

Monthly commentary from various Morgan Stanley
investment managers...
http://www.morganstanley.com/im/webapp/servlet/CommentarySearch?page=prod

Sell B.T. Group dec07 320 Put

BT looks likely to continue doing well.
The put is one that I would consider ok if it is exercised.
Idea here again is to allow for possible fall
over summer/sept followed by rise

Contract = (BT.A) B.T. Group dec07 320 Put
Exchange = LIFFE London International Financial Futures Exchange
Currency = GBP
Type = Sell to Open
Quantity = 1
Price = 18.75p
Gross = £187.50cr
Net = £163.20cr
Trade Date = 25 May 2007
Settlement Date = 29 May 2007

Buy LAQ- Latin Amer Equity Fund

Brazil + Mexico have been among best performing markets
over last 3 years.
But valuations still ok on PE basis
+ currency appreciation likely also

Discount = 11%
Distrib = 1%
TER = 1.44%

Stock = (LAQ-N) Latin Amer Equity Fd
Exchange = New York Stock Exchange (Agent)
Currency = USD
Type = Buy to Open
Quantity = 35
Price = $49.1
Gross = $1,718.50dr
Net = $1,734.45dr
Trade Date = 25 May 2007
Settlement Date = 31 May 2007

Buy more China Mob +dec07 45 Put written

Stock = (CHL-N) China Mobile (Hong Kong) ADR's
Exchange = New York Stock Exchange (Agent)
Currency = USD
Type = Buy to Open
Quantity = 80
Price = $46.24
Gross = $3,699.20dr
Net = $3,754.69dr


Contract = (CHL-N) China Mobile (Hong Kong) ADR's dec07 45 Put
Exchange = Chicago Board Options Exchange (Agent)
Currency = USD
Type = Sell to Open
Quantity = 1
Price = $3.2
Gross = $320.00cr
Net = $310.00cr
Trade Date = 25 May 2007

Most efficient way to sell options is to sell
contract 3 months out.

Idea here is to allow for possible fall over
summer/sept followed by rise

Buy more BCF- BLACKROCK REAL ASS

Stock = (BCF-N) BLACKROCK REAL ASS
Exchange = New York Stock Exchange (Agent)
Currency = USD
Type = Buy to Open
Quantity = 90
Price = $15.63
Gross = $1,406.70dr
Net = $1,422.65dr
Trade Date = 24 May 2007

Timing trading + indicators 2

Think I mentioned this before -

The COT report - if the professional commercial traders
are net long of the market the odds are you should be too!

See .. nice blog + explanation of basic strategy.....
http://garyscommonsense.blogspot.com/
+
http://www.cftc.gov/

Timing trading + indicators

Noticed some interesting articles on when to buy.
It seems the end of the month is a good time to buy
possibly because fund managers buy more then.
The best days to buy appear to be.....
in order - 25, 26, 27, 24, 23 , 30, 31, 23,

Stocks should be above the 200 day MA
+ returns looked at are after 5 days.
Returns are likely to be better if the stock has
dropped for 2 days before buying.

See.....
http://www.tradingmarkets.com/.site/stocks/commentary/lcbattlep/02032005-42252.cfm
http://www.tradingmarkets.com/.site/stocks/commentary/lcbattlep/When-Do-Money-Managers-Like-to-Buy-Stocks-Heres-the-Answer.cfm

Buy SGF Singapore Fd

The dilemma now is that summer is usually sell-off time
but the market is still in a strong uptrend.
Sell-offs are more likely to be buying opportunities
than breakdowns.

The widespread assumption that chinese stocks are in
major bubble territory does not stand up very well to
any closer examination so selloffs  are buyable I think.
The prices on the local Shanghai exchange seem to
heading towards over valuation but not the kind of over valuation
seen in the dotcom era- yet anyway.

See the commentary @
http://www.chinafundinc.com/
http://www.chinafundinc.com/images/downloads/china_fund_inc_update.pdf
http://china.seekingalpha.com/article/36457


Singapore is linked to China so those funds have sold off also.
Singapore is one the best places for business in the world.

SGF looks like it is well + conservatively managed
+ has gone to a 12% discount.
Distribution = 2.8% ..annually in Dec
TER=1.8%

Stock = (SGF-N) Singapore Fd

Exchange = New York Stock Exchange (Agent)
Currency = USD
Type = Buy to Open
Quantity = 100
Price = $17.11
Gross = $1,711.00dr
Net = $1,726.95dr
Trade Date = 24 May 2007

Buy more JFM-JP M FLEMING MERCANTILE IT

UK mostly midcap I Trust with good record for buyout candidates.

Discount = 10%
Div = 1.8%(or more) ..paid quarterly
xDiv in months 1,4,10,12

Stock = (JFM) JP MORGAN FLEMING MERCANTILE IT
Exchange = London Stock Exchange (Agent)
Currency = GBP
Type = Buy to Open
Quantity = 120
Price = 1393 1/2p
Gross = £1,672.20dr
Net = £1,693.06dr
Trade Date = 24 May 2007

1st buy- 80 @ 1352p on 12 Apr 2007

Buy more LGI- LAZARD GLOBAL TOTAL RETURN

A basket of global blue-chips.
+ does levered currency deals to
invest in hi-yield emerging countries debt.
Sounds risky but is not correlated with equities
- probably less risky than it sounds!

'The Investment Manager also will seek to obtain exposure to
emerging market currencies using the emerging income strategy,
but will limit such strategy to 331/3% or less of the Funds
Total Leveraged Assets.'

Current Distribution Rate:   5.56% - pays monthly
Discount = 10% - higher than normal
TER = 1.5%

see www.lazard.net

Stock = (LGI-N) LAZARD GLOBAL TOTAL RETURN &
Exchange = New York Stock Exchange (Agent)
Currency = USD
Type = Buy to Open
Quantity = 70
Price = $22.38
Gross = $1,566.60dr
Net = $1,582.55dr

Sector and Holdings Summary

As of 03/31/2007
Holding		% of Portfolio
Microsoft		4
Diageo		3.6
Exxon Mobil		3.5
International Business Machines		3.4
JP Morgan Chase		3.2
Oracle		3.2
Nomura		3.1
Bank of America		3.1
HSBC Holdings		3
Johnson & Johnson		2.8

Buy more ETW- E Town Global Buy-Write Opportunities Fund

Looking on this like a high yield bond.
+ plan to keep.

Quarterly Div -19th of months 3,6,9,12 = X-Div Dates

Will sell if it goes to a good premium only
+ add if discount increases.

Current Distribution Rate:9.06%
Discount = 1.3%
TER 1%

Stock = (ETW-N)
Eaton Vance Tax-Managed Global Buy-Write Opportunities Fund (ETW)

Exchange = New York Stock Exchange (Agent)
Currency = USD
Type = Buy to Open
Quantity = 80
Price = $19.75
Gross = $1,580.00dr
Net = $1,595.95dr
Trade Date = 23 May 2007
http://www.etfconnect.com/select/fundpages/sectors.asp?MFID=140351

Buy CH China Mobile

Stock = (CHL-N) China Mobile (Hong Kong) ADR's
Exchange = New York Stock Exchange (Agent)
Currency = USD
Type = Buy to Open
Quantity = 40
Price = $47.48
Gross = $1,899.20dr
Net = $1,915.15dr
Trade Date = 23 May 2007

SALE of Torotrak @ SC

Should be good for more
But hard to pass up quick gain

Gross profit =11.2%

SALE of Torotrak Plc Ord 10p
at: 45.4750 pence on 18 MAY 

Buy SUNW Sun Microsystems Jul07 5 Call

A lot of activity in these.
? bid or news on the way.

Contract = (SUNW-N) Sun Microsystems Jul07 5 Call
Exchange = Chicago Board Options Exchange (Agent)
Currency = USD
Type = Buy to Open
Quantity = 4
Price = $.58
Gross = $232.00dr
Net = $272.00dr

Sell most RPTN RAPTOR NETWORKS

looking a bit too risky
Great technology nut running out out of money + time.
+ not enough orders
Could do great or go bust!
Missed early rally.

Left  300 shares only.

Breakeven/minor loss basically on most of this sale
- loss c 30% on remainder

Stock = (RPTN-O) RAPTOR NETWORKS
Exchange = OTC Market USA (Agent)
Currency = USD
Type = Sell to Close
Quantity = 1000
Price = $1.2
Gross = $1,200.00cr
Net = $1,160.00cr
Trade Date = 17 May 2007

Sold rest AI Aero Inventory @ main acct.

Market seems due a pullback
Still have this @ SC + will hold

Buy@ £3.835
Gross profit = 9%

Sold rest AI Stock = (AI.) Aero Inventory PLC
Exchange = London Stock Exchange (Agent)
Currency = GBP
Type = Sell to Close
Quantity = 90
Price = 418.15p
Gross = £376.34cr
Net = £363.84cr
Trade Date = 17 May 2007

Buy ATST Alliance Trust @ SC

Small buy @ SC

Global IT  -UK bias
13% discount
Looks like it may be breaking out.
Trust structure is being reorganized
by adding private equity +
commercial property + asset management

PURCHASE of  Alliance Trust Plc Ord 2.5p
at: 380.1875 pence on 17 MAY 2007 

Bought a little more RPTN RAPTOR NETWORKS

Bought a little more RPTN RAPTOR NETWORKS 
Averaged down- I know you generally should not!
Idea is to sell it into any decent bounce.

Stock = (RPTN-O) RAPTOR NETWORKS
Exchange = OTC Market USA (Agent)
Currency = USD
Type = Buy to Open
Quantity = 700
Price = $1.2
Gross = $840.00dr
Net = $880.00dr
Trade Date = 16 May 2007

Sell Dec 170 Put RSA Royal & Sun Alliance Ins

RSA is fairly cheap - PE c10
+ possible buyout target
+ good chart.

Idea of selling Dec put is to allow for a bit of summer sellof
which may or may not happen. Small amount traded for same reason.

Idea is to let put run to expiry.

Contract = (RSA) Royal & Sun Alliance Ins dec07 170 Put
Exchange = LIFFE London International Financial Futures Exchange
(Principal)
Currency = GBP
Type = Sell to Open
Quantity = 1
Price = 12.75p
Gross = £127.50cr
Net Credit = £103.20cr

Buy Torotrak TRK @ SC

Good news / results today
should be more to come.
small speculative position


PURCHASE of  Torotrak Plc Ord 10p
at: 40.8900 pence on 15 MAY

 

Buy FRCL F& C Investment Trust SC

Just in case rally just keeps going!

Bought small amount FRCL Foreign & Colonial Investment Trust @ 302.75
This is a global fund with uk bias +good emerging markets exposure
+ small but growing private equity component.
It can gear up to c 110% level + trades @ c 13% discount + has a dividend which
is progressively increased + has reserves to keep up dividend in tougher times.
Would be happy to buy more on pullback.

Sell NU NUFCOR URANIUM

More precautionary profit taking
Gross profit = 12% = £181.40

Stock = (NU.) NUFCOR URANIUM
Exchange = London Stock Exchange (Agent)
Currency = GBP
Type = Sell to Close
Quantity = 400
Price = 430p
Gross = £1,720.00cr
Net = £1,707.50cr
Trade Date = 14 May 2007

Sell URA Uranium Resources @ SC

More precautionary seasonal profit protection

SALE of  Uranium Resources Plc Ord 0.1p
at: 6.0180 pence on 11 MAY 2007 date at 03:45PM

Buy @ 5.55 on  2nd Mar

Gross Profit = 8.5%

The idea here is to concentrate the uranium positions in GCL
+ the less speculative names

Sold rest of PCU Southern Peru Copper

Buy @ 74.99
Gross profit = 19%

Stock = (PCU-N) Southern Peru Copper
Exchange = New York Stock Exchange (Agent)
Currency = USD
Type = Sell to Close
Quantity = 7
Price = $89.35
Gross = $625.45cr
Net = $609.50cr

ILH Bond fund IT bought @ SC

Bond fund IT bought @ SC
Levered + High yield so not low risk
But hopefully safer than stocks over summer

PURCHASE of Invesco Leveraged High Yield Fd Ld Ord 5p
at: 108.9500 pence on 09 MAY 2007

Buy UTF Utility ETF

Buy UTF Utility ETF

This trades at 14% discount + 4.6 % yield
+ is mostly electrical utilities which should
benefit from the large US government spend to
upgrade aging power infrastructure.
A longer term hold - not a trade + might buy
more if major falls in the wider market.
Utilities are in one of the best looking sector uptrends.

Stock = (UTF-N) COHEN & STEERS SELECT UTIL F
Exchange = New York Stock Exchange (Agent)
Currency = USD
Type = Buy to Open
Quantity = 50
Price = $28.13
Gross = $1,406.50dr
Net = $1,422.45dr

Sell Frontera - SC

Sell Frontera @ 76p @ SC
tracking stop sale to preserve profits
Gross profit = 26%

Sold Shaw Group SGR

Sold Shaw Group
More profit-taking
Gross profit = 13%

Hoping for pullback/ better entry point

Stock = (SGR-N) Shaw Group
Exchange = New York Stock Exchange (Agent)
Currency = USD
Type = Sell to Close
Quantity = 32
Price = $33.71
Gross = $1,078.72cr
Net = $1,062.77cr
Trade Date = 07 May 2007

Sell RIG Transocean

Some more profit taking even
though the stock looks good + cheap

Buy 15 Transocean Sedco Forex @ $82.11 Dec 06
Gross profit = 10%

Stock = (RIG-N) Transocean Sedco Forex
Exchange = New York Stock Exchange (Agent)
Currency = USD
Type = Sell to Close
Quantity = 15
Price = $90.47
Gross = $1,357.05cr
Net = $1,341.10cr
Trade Date = 04 May 2007

Buy back Tomkins jun07 260 Put

Buy back to cancel Tomkins jun07 260 Put

Leaving this open over the summer doesn't seem
worth it on a risk reward basis.
Went up today despite broker downgrade.

Sold @ 20.25p
gross profit = 60%

Contract = (TOMK) Tomkins jun07 260 Put
Exchange = LIFFE
Currency = GBP
Type = Buy to Close
Quantity = 1
Price = 8 1/2p
Gross = £85.00dr
Net = £101.80dr

Opened calendar call spread in MRVL Marvell Technology

Net cost = $360 for 2 lots
or $320 before fees

Contract = (MRVL-N) Marvell Technology Group jan08 20 Call
Exchange = Chicago Board Options Exchange (Agent)
Currency = USD
Type = Sell to Open
Quantity = 2
Price = $1.5
Gross = $300.00cr
Net = $280.00cr
Trade Date = 03 May 2007

Contract = (MRVL-N) Marvell Technology Group aug07 15 Call
Exchange = Chicago Board Options Exchange (Agent)
Currency = USD
Type = Buy to Open
Quantity = 2
Price = $3.1
Gross = $620.00dr
Net = $640.00dr

Buy more GCL Geiger Counter

Uranium stocks consolidating I think
+ this is one of the 'safer' less
volatile ways to benefit.
Bought small amount @ SC

Buy Geiger Counter Ltd Npv
at: 117.0000 pence on 03 MAY

Sell (CAT-N) Caterpillar

Selling into market strength coming into a weak time of year.
Had planned to buy more CAT but price did not come back.

Stock = (CAT-N) Caterpillar
Exchange = New York Stock Exchange (Agent)
Currency = USD
Type = Sell to Close
Quantity = 12
Price = $74.1
Gross = $889.20cr
Net = $873.25cr
Gross profit = 12%

Sell remainderNYX

2nd part Stop loss sale.
Loss = 20%

Had expected more from this
But no point selling winners +
keeping losers.

Had a profitable trade on this in Nov 2006

Stock = (NYX-N) NYSE Group plc
Exchange = New York Stock Exchange (Agent)
Currency = USD
Type = Sell to Close
Quantity = 5
Price = $82.95
Gross = $414.75cr
Net = $398.80cr

Buyback to cancel TOMK Tomkins jun07 260 Put

Buyback to cancel TOMK Tomkins jun07 260 Put @ 11.5p

Sold @ 20.25p
gross profit = 43%

A precautionary buyback
1 june put still open

Contract = (TOMK) Tomkins jun07 260 Put
Exchange = LIFFE London International Financial Futures Exchange
(Principal)
Currency = GBP
Type = Buy to Close
Quantity = 1
Price = 11 1/2p
Gross = £115.00dr
Net = £131.80dr

Buy RPTN RAPTOR NETWORKS

This is a speculative stock
+ is hyped / promoted!
Generally not the best combination.

Buying a pullback in an uptrend.
Has fallen for past 5 days which
statistically is a good prognosticator
for next 10 days.
Good potential for positive newsflow.

Stock = (RPTN-O) RAPTOR NETWORKS
Exchange = OTC Market USA (Agent)
Currency = USD
Type = Buy to Open
Quantity = 600
Price = $1.79
Gross = $1,074.00dr
Net = $1,114.00dr
Trade Date = 01 May 2007

Sell Carclo @ SC

Sell Carclo @120.45p
Gross profit = 13%

Sell CFU Ceramic Fuel Cells @ SC

Sell CFU Ceramic Fuel Cells @ 46p
Minimal profit

It is the cheapest + maybe best of UK listed
fuel cell stocks.

Reasoning for sale as previously stated today.

Sell UMN Uramin

Sell UMN Uramin @ 295.55p -SC
Gross profit = 17 %

Still have GLA Galahad Gold which is
a way of buying uramin at a discount

Sell remaining (CPX) CAP-XX Ltd

Just being cautious + booking gains
-2nd sale on this.

Still a good speculative stock with news
awaited that could move it a lot

Profit = 42%

Type = Sell to Close
Quantity = 500
Price = 110.62p
Gross = £553.10cr
Net = £540.60cr

Sold ECWC + DGE

Profit taking + raising cash at possible market top

SC sells

Sold ECWC Ecofin Water & Power Opps Cap @ 738.1p

Buy @650p Gross profit = 14%

Still have ord shares - they have barely moved.

Sold DGE Diageo @ 1062.63p

Gross profit = 8%

Sold EURUSD call warrants.

Sold EURUSD call warrants.
Got the timing wrong on the purchase of this hedge
against the dollar falling.
Gross Profit = 7.5%

EUR USD is likely to continue trend
but these warrants expire on 15th june

Stock = (SX22) SOCIETE GENERALE CALL WTS 15/06/07EUSD E0.1 GBX1.35 C
Exchange = London Stock Exchange (Agent)
Currency = GBP
Type = Sell to Close
Quantity = 3000
Price = 11.6p
Gross = £348.00cr
Net = £325.50cr

Buy more DDC DAWNAY DAY CARPATHIAN

Hefty Div payout due - c 6%
going x-div tomorrow

Stock = (DDC) DAWNAY DAY CARPATHIAN
Exchange = London Stock Exchange (Agent)
Currency = GBP
Type = Buy to Open
Quantity = 1400
Price = 128.82p
Gross = £1,803.48dr
Net = £1,825.00dr

Sold all CZQ-V Continental Precious Minerals

Sold all CZQ-V Continental Precious Minerals

Gross Profit = 17 %

Stock = (CZQ-V) Continental Precious Minerals Inc

Exchange = Vancouver Stock Exchange (Agent)

Currency = CAD

Type = Sell to Close

Quantity = 500

Price = c$3.42

Gross = c$1,710.00cr

Net = c$1,670.00cr

Sold Part URRE Uranium Resources

Sold 2/3 URRE Uranium Resources
Profit = 31 %

Stock = (URRE-O) Uranium Resources

Exchange = OTC Market USA (Agent)

Quantity = 200

Price = $9.92
Gross = $1,984.00cr
Net = $1,944.00cr

Sold options on FRG FRONTEER DEVELOPMENT

Sold a call + put on FRG FRONTEER DEVELOPMENT GROUP

Net Credit = $ 245 = 20% stock cost
Net credit will be greater if stock called away

Contract = (FRG-A) FRONTEER DEVELOPMENT GROUP Sep07 12.5 Put

Exchange = Chicago Board Options Exchange (Agent)

Currency = USD

Type = Sell to Open

Quantity = 1

Price = $1.5

Gross = $150.00cr

Net = $140.00cr

Trade Date = 30 Apr 2007

Contract = (FRG-A) FRONTEER DEVELOPMENT GROUP INC sep07 15 Call

Exchange = Chicago Board Options Exchange (Agent)

Currency = USD

Type = Sell to Open

Quantity = 1

Price = $1.15

Gross = $115.00cr

Net = $105.00cr

Closed call spread in PDE Pride

Closed call spread in PDE Pride

Looks like markets generally are at the top of a trading range.
Good time to take some profits I think

Buy Spread cost = $ 2.20
Sell Spread price = $ 3.05
Gross profit = 48%

Net Profit = $460

Contract = (PDE-N) Pride Intl jul07 30 Call
Exchange = Chicago Board Options Exchange (Agent)
Type = Sell to Close
Quantity = 2
Price = $4.8
Gross = $960.00cr
Net = $940.00cr

Contract = (PDE-N) Pride Intl Jul07 35 Call
Type = Buy to Close
Quantity = 2
Price = $1.75
Gross = $350.00dr
Net = $370.00dr
Trade Date = 30 Apr 2007

Buy more AI Aero Inventory @ Sharecentre

PURCHASE of AI Aero Inventory Plc 

at: 392.5000 pence on 27 APR 2007

Share price going up on a down day with some volume
despite being ex dividend.

? just delayed reaction to good results up or
? possible takeover as mentioned in recent newspaper profile.
? funds/ institution buying

Interim results in March showed a 207 pct rise in profits.
Further growth is expected from the new 10 year contract with
Qantas and from the Asia-Pacific region.

I have no special insight but the company is attractive on
most counts + is good value.

www.iii.co.uk discussion board has some good links on this

Buy ACH -ALUM CORP CHN + Sell Nov Straddle

One of the cheapest big chinese stocks on PE
Due to float in Shangai soon
+ huge 10% dividend
Premium from options sold = $660 credit = 23%
ACH needs to fall by c30% for trade to lose

Stock = (ACH-N) ALUMINIUM CORP CHN
Exchange = New York Stock Exchange (Agent)
Currency = USD
Type = Buy to Open
Quantity = 130
Price = $29.15
Gross = $3,789.50dr
Net = $3,805.45dr

Contract = (ACH-N) ALUMINIUM CORP CHN nov07 30 Call
Exchange = Chicago Board Options Exchange (Agent)
Type = Sell to Open
Quantity = 1
Price = $3
Gross = $300.00cr
Net = $290.00cr
Trade Date = 25 Apr 2007

Contract = (ACH-N) ALUMINIUM CORP CHN nov07 30 Put

Exchange = Chicago Board Options Exchange (Agent)

Sell to Open

Quantity = 1   Trade Date = 25 Apr 2007

Price = $3.6

Gross = $360.00cr

Net = $350.00cr

Buy (DIM-N) Wisdomtree ETF

Stock = (DIM-N) Wisdomtree ETF

Exchange = New York Stock Exchange (Agent) 

Type = Buy to Open

Quantity = 20

Price = $71.25

Gross = $1,425.00dr

Net = $1,465.00dr

Trade Date = 25 Apr 2007

DIM etf as buyout benificary

Looking at ways to benefit from the huge amount of buyout money /
private equity waiting in the wings. DIM etf contains a relatively
high % likely targets + has one of the smoothest uptrends + pays
dividends + is div weighted.

http://www.etfconnect.com/ gives a quick profile.

The Fund seeks to track the price and yield performance
of the WisdomTree International MidCap Dividend Index.

I would prefer to buy it on a pullback to the trendline but waiting
for that may be a mistake.

Above it is compared to EFA over 1 year.
DIM is the blue one!

PID is the closest other etf.
DIM has outperformed PID slightly.

Buy more DDC Dawnay Day Carpathian

Sharecentre small buy on dip
Dip on news of more fundraising @ 120p
+ will be div 10p yearly c 8%
+ good potential capital appreciation likely
+ IC tips it& follows it ...minor prop to SP

It should not fall below 125p but if it does
I would buy more

PURCHASE of Dawnay Day Carpathian Plc Ord Shs 1p
at: 125.3600 pence on 24 APR 2007

Buy NUS Nautilus Minerals

Bought small amount@ sharecentre
The first seabed miner + only one listed
Speculative + spiking up but well funded
+ backed by some major mining co.s
Plan to buy more if major price drop

See http://www.nautilusminerals.com/

PURCHASE of NUS Nautilus Minerals Inc. Com Shs Npv (Di)
at: 240.0000 pence on 24 APR 2007

SALE of GMA Resources @ Sharecentre

Automatic Stoploss sale
loss = 24%
sold nearly all

SALE of  GMA Resources Plc Ord 1p
at: 10.3300 pence on 23 APR 2007 date at 03:15PM

Sold part KDKN-OTC BB- KODIAK ENERGY INC

Sold most still have 700 now 'free'
Profit = c 80%
Still looks v good but has run up v fast

Stock = (KDKN-O) KODIAK ENERGY INC
Exchange = OTC Market USA (Agent)
Currency = USD
Type = Sell to Close
Quantity = 1800
Price = $2.94
Gross = $5,292.00cr
Net = $5,214.08cr
Trade Date = 23 Apr 2007

Sell Most Dignity (DTY)

Sold most for profit c 10%
or equivalent remnant @ half price
Should be ok to hold long term
even on market declines

Stock = (DTY) DIGNITY
Exchange = London Stock Exchange (Agent)
Currency = GBP
Type = Sell to Close
Quantity = 200
Price = 719.51p
Gross = £1,439.02cr
Net = £1,426.52cr
Trade Date = 23 Apr 2007

Sell most Vane Minerals @ Sharecentre

Promising Ur miner with rights to land previously mined
+they have important databases. Not all mining will work out
so some profit taking leaves remaining shares for 'free'

Sold @ 31.26p
buys were @ 23.83p + 14p
Profit = 124 % + 32%

Buy Ishares Dj Asia/Pacific Select Dividend ETF

PURCHASE of  Ishares Plc Ishares Dj Asia/Pacific Select Dividend
at: 1883.0000 pence on 23 APR 2007 @ Sharecentre

This is 67% Australia, 20% Hong Kong

ETF gives  exposure to shares of Asian companiesthat have a history
of high dividends. This equity fund gives you exposure to some of
the largest dividend paying companies from Japan, Hong Kong,
Singapore, Australia and New Zealand.

More info at
http://www.ishares.co.uk/
http://www.ishares.co.uk/content/stream.jsp?url=/publish/repository/documents/en/downloads/factsheet_dj_asia_pacific_selectdiv.pdf

Buy EMU ENERGY METALS

Buy 100 ENERGY METALS CORPOR (NYSEArca:EMU) @ $12.34

Another Uranium miner with near term production likely.
The idea is to have a wide spread of stocks in the sector with real
chances of producing uranium so the odd disappointment will
be irrelevant in the overall scheme of things.

Buy GFS Group 4 Securicor @ Sharecentre

Chart/Sector based buy

Buy Group 4 Securicor Plc Ord
@ 210.15p

They are the biggest global security firm
+ growing in what looks like a growth market
for the foreseeable future

Valuations look ok

PE 15.9 -> 14.8 for 2008

Div 2.9%

Buy LAM-V Laramide Resources Ltd

Stock = (LAM-V) Laramide Resources Ltd
Exchange = Vancouver Stock Exchange (Agent)
Currency = CAD
Type = Buy to Open
Quantity = 100
Price = c$13.74
Gross = c$1,374.00dr
Net = c$1,414.00dr
Trade Date = 18 Apr 2007

Another Ur stock
from the co. website   www.Laramide.com.....

Mkt Cap = 743 m CAD

LAM Laramide is a Toronto-based resource company specializing in the acquisition
and development of advanced stage mineral properties. Laramide has a diverse portfolio
of assets, all of which are leveraged to commodity fundamentals. The Company's lead
project is the Westmoreland Project, Queensland, Australia.

All of Laramide's other non-uranium assets will also be transferred to NewGoldCo
which will become a separately listed public entity; these assets include the Lara
polymetallic property in British Columbia, the NSR royalty on the producing Cerro Colorado
gold mine in Mexico, and various shares in public and private entities held by Laramide including
one million shares of Aquiline Resources Inc. (AQI-TSX). A minimum of $2 million in cash will
also be transferred to NewGoldCo.

Buy MGA-T Mega Uranium Ltd -Toronto Stock Exchange

Stock = (MGA-T) Mega Uranium Ltd
Exchange = Toronto Stock Exchange (Agent)
Currency = CAD
Type = Buy to Open
Quantity = 300
Price = c$7.9
Gross = c$2,370.00dr
Net = c$2,410.00dr
Trade Date = 18 Apr 2007
Capitalised @ c 850 m CAD Mega are one of the best
positioned of the small- mid sized Ur miners.
from their website   .....

Summary Corporate Information March 2007

Business Summary:

Mega Uranium is a rapidly growing, internationally diversified, mineral resources
company focused on acquiring and exploring uranium properties worldwide.
It has uranium resources totaling 47.3 million pounds U3O8 in Australia,
and interests in uranium exploration projects in Australia, Canada, Argentina,
Bolivia, Colombia and Mongolia.
Currently the Company has cash reserves of approx C$80 million.

Growth Strategy:

Mega Uranium is building upon a successful track record of obtaining quality uranium deposits
and uranium prospective properties worldwide through acquisitions, mergers and farm-in agreements
with junior mining companies. Priority targets are high-grade, shallow uranium deposits that are amenable
to low-cost open-pit mining techniques. By acquiring economically viable resources that can be put into
early production, Mega aims to achieve its vision of becoming a mid-tier uranium producer in the near term.

- 15th IN RANKING OF JUNIOR COMPANIES BY URANIUM RESOURCES HELD WORLDWIDE

Interesting usefull site for commodities/gold

I picked this up from another blog.
Useful for commodities/gold trading.

The Commodity Futures Trading Commission

http://www.cftc.gov/

Interesting part is ...
Futures and Options Combined Commitments of Traders Reports
Chicago Board of Trade subsection gives long/ short positions of
commercial traders of gold

http://www.cftc.gov/dea/options/deacbtlof.htm

Commercial traders are now short gold.

Buy GYG Gyrus Group @ Share Centre

Basically a chart based / sector trend following buy.

Buy GYG Gyrus Group Plc Ord @ 478.36p

Buy CZQ-V Continental Precious Minerals Inc

Another Uranium miner
This one is mining in Sweden + SP has underperformed recently
despite good drill reports on previously explored land.

Stock = (CZQ-V) Continental Precious Minerals Inc
Exchange = Vancouver Stock Exchange (Agent)
Currency = CAD Type = Buy to Open

Quantity = 500
Price = c$2.82

Gross = c$1,410.00dr
Net = c$1,450.00dr

Trade Date = 17 Apr 2007

Buy 90 BCF BLACKROCK REAL ASS @ $15.19

Buy 90 BCF BLACKROCK REAL ASS @ $15.19

Net cost = $1,407.10

Basically world mining fund trading near 10 % discount.

C 7% yield

Gets income by writing calls on 1/3 holdings

US Sell seabridge sea + Powershares DB Agriculture

Disappointed with gold + Agricultural commodities as protection during selloff.

Gold is about to break out or go back to lower end of range.

Odds are for range trade I think. Still have DGL

10 Apr 2007 Sell 90 seabridge sea @ $15.74329.93 - breakeven

10 Apr 20070 Sell 70 Powershares DB Agriculture @ $25.4 - loss c 5%

Sold 3 may07 25 CMCSA Comcast Calls @ $3.05

Sold 3 may07 25 CMCSA Comcast Calls @ $3.05

Buy 3 x may07 25 Call18 May 2007 @ $1.900

Profit = 60% = $300

Buy LCSS Lewis Charles Sofia Property Fund - SC

Buy LCSS Lewis Charles Sofia Property Fund @ 95.55p

Sell NU Nufcor Uranium Sharecentre

Just profit taking to buy other shares.
Hold larger amounts in main acct.
Sold @ 409.25p
Bought @ 278p
Net Profit = 51%

Buy Cap + Ord Shares Ecofin Water & Powr Opportunities

Interesting fund which has done very well in recent years.
Just over 5% is unquoted Airtricity which should ipo at a
good premium whenever that may be + has a stake in NTR also
unquoted.
Have a look at the long list of investments
@ http://www.ecofin.co.uk/ecofin/

PURCHASE of ECWC Ecofin Water & Powr Opportunities Plccap Shs 1p
at: 650p at Sharecentre

Buy 650 ECWO ECOFIN WATER & POWER OPPORTUNITIES @ 188.45p
Net £1,243.55 at main acct

Buy more(SA-A) seabridge sea

Stock = (SA-A) seabridge sea
Exchange = American Stock Exchange (Agent)
Currency = USD
Type = Buy to Open
Quantity = 50
Price = $14.97
Gross = $748.50dr
Net = $764.45dr
Trade Date = 04 Apr 2007

Gold is close to breaking out (up) - if it does
this should be levered to that
+ reasonable hedge for market/dollar turndown
+ 4 down days followed by gap up us short term bullish

Sell (TIP-N) ishares lehman tips bond

Stock = (TIP-N) ishares lehman tips bond
Exchange = New York Stock Exchange (Agent)
Currency = USD
Type = Sell to Close
Quantity = 8
Price = $100.49
Gross = $803.92cr
Net = $787.97cr
Trade Date = 04 Apr 2007
Loss = 2%

This was a "safe haven" during market turmoil
Prefer to have it in equities now

SALE of BHP Billiton Sharecentre

SALE of  BHP Billiton Plc Ord
at: 1142.1200 pence on 04 APR 2007
bought @ 1008.20 4 weeks ago
Profit = 13.3%


Looks close to top of trading range.
May break out or turn back down.
If breaking out still have Rio Tinto

Sell part Aero Inventory AI

Still looks ok
Low PEG Good results
I am surprised it did not move more
Maybe it will move now I sold some
Want the cash + better to sell weaker performers
UK market at either close to short term top or about to break out

Sold 190 Aero Inventory AI @ 375p
loss = 2.4% = £33 net

Buy more Kodiak Energy

Topped up more Kodiak Energy

Rose on news yesterday of further updates due in next 6-8 weeks

Buy 500 KDKN @ $1.920.0

Comission = $40.00 Net = $1,000.00

Buy 3 Comcast calls -may 25 Call

Buy 3 Comcast calls CMCSA-N may07 25 Call @$1.90.00

Net $600.00

Options written (CNE-N) CANETIC RESOURCES

This pays a large divi also

Contract = (CNE-N) CANETIC RESOURCES nov07 15 Put
Exchange = Chicago Board Options Exchange (Agent)
Type = Sell to Open
Quantity = 1
Price = $2.65
Gross = $265.00cr Net = $255.00cr

Contract = (CNE-N) CANETIC RESOURCES nov07 12.5 Call
Exchange = Chicago Board Options Exchange (Agent)
Currency = USDType = Sell to Open
Quantity = 2
Price = $.9
Gross = $180.00cr Net = $160.00cr 

Net Total = $415

US Sell JnJ + QID

Sold JNJ + QID at small losses.

Sold JNJ - even though it looks
great value + is a " defensive" stock.
It is in a downtrend + looks like it is getting cheaper.

Sold QID - market direction unclear still but I think a
big lurch downwards less likely now.
+ Long term uptrends still in place

Stock = (JNJ-N) Johnson & Johnson
Type = Sell to Close
Quantity = 10
Price = $60.08
Gross = $600.80cr Net = $584.85cr

QID Sell to Close
Quantity = 40
Price = $54.03
Gross = $2,161.20cr Net = $2,145.25cr

Sell Sage Sept 260 Call

Some more defensive trading

16 Mar 07 Sell to open 1 Sage Group Plc sep07 260 Call @ 19p

Net Credit £153.20

UK buys NU + DDC

More of the same almost
Uranium + high dividend commercial property

26 Mar 2007 Buy 400 NU NUFCOR URANIUM @ 384.63p Net £1,558.71

27 Mar 2007 Buy 700 DDC DAWNAY DAY CARPATHIAN @ 132.18p Net £942.39

This fund is buying in Eastern Europe / New EU states.

Buy Sinosoft Technology plc @ Sharecentre

Bought Sinosoft Technology plc @ 21.5p, the China based developer and provider of e-Government
software and services- good uptrend + lots of potential to grow business. 

Buy TR Property Investment Trust

Focus is on commercial property UK+Europe.
seems to have v sensible management.
Trades at c 11% discount to NAV.
Hold mostly property shares many going to REIT status
So should churn out good dividends soon.
Plan to keep - not for quick trading.

Stock = (TRY) TR Property Investment Trust
Exchange = London Stock Exchange (Agent)
Currency = GBP
Type = Buy to Open
Quantity = 600
Price = 253.329p
Gross = £1,519.97dr
Net = £1,540.07dr
Trade Date = 23 Mar 2007

Sell 50 QID

Insurance does not seem to be as vital after Fed meeting.

Sell 50 PROSHARES TRUST QID @ $52.37 Net Credit 2,602.55

Bought @ 56.26
loss = 7%

Buy PWE Penn West Energy petroleum Trust

This is the largest Canadian Oil & Gas Trust
with huge (4 million acres ) of untapped undeveloped land.
Their assets are in place but at nothing like full value
on the balance sheet. They have more flexibility
+ diversification which allows them to remain profitable if
oil price drops.
Share prices of these trusts appear to have begun a recovery.

Stock = (PWE-N) Penn West Energy petroleum Trust
Exchange = New York Stock Exchange (Agent)
Currency = USD
Type = Buy to Open
Quantity = 50
Price = $30.47
Gross = $1,523.50dr
Net = $1,539.45dr
Trade Date = 22 Mar 2007

Buy GCL GEIGER COUNTER

Bought some more GCL
Uranium price has moved higher to just over $90/lb
The underlying stocks should have moved a bit more
+ probably will I think

GCL is the only collective fund dedicated to
Uranium related shares + trades at a premium

Pinetree in Canada has multiple holdings but is
a company with other interests also.


Stock = (GCL) GEIGER COUNTER LTD
Exchange = London Stock Exchange (Agent)
Currency = GBP
Type = Buy to Open
Quantity = 1800
Price = 105.41p
Gross = £1,897.38dr
Net = £1,919.37dr
Trade Date = 22 Mar 2007

Opened Bull Call Spread in Pride (PDE)

Opened Credit Call Spread or Bull Call Spread in

Oil and gas driller Pride (PDE) listed NYSE

There has been a lot of buying of july 35 calls

+ price moving up strongly now.

Share price was around $ 30.80 at time of opening

Buy 2 PDE-N jul07 30 Call @$3.40

Net Cost-700.00

Sell 2 PDE-NJul07 35 Call$ @1.20.

Net Credit 220.00

Total Cost = $2.20 per call = $440 before commissions

= $ 480 after commissions

Sell to open 1 Sage Group Plc sep07 260 Call

16 Mar 2007 Sell to open 1 Sage Group Plc sep07 260 Call @ 19p

Net = £153.20

CANETIC RESOURCES - US Buy

Normal rule is not to buy stock that has gone down
unless a planned phased entry.

This is a rare exception - 11% down on 1st purchase
V High Div + stock looks to have formed bottom

Stock = (CNE-N) CANETIC RESOURCES

Exchange = New York Stock Exchange (Agent)

Currency = USD

Type = Buy to Open

Quantity = 100

Price = $13.16

Gross = $1,316.00dr

Net = $1,331.95dr

EUROPEAN NICKEL Buy

EUROPEAN NICKEL Buy 1600 55.98p -£912.66- nett

If project works out + nickel prices stay ok

then v large upside. Worth checking RNS

I note Simon Caulkwell aka EK buying.

Could be a bit volatile so not one for a tight stoploss

Sell Halliburton

19/03/07 Halliburton Co Sell -30 @$32.56 =$960.85 nett 15.95 Comm

Bought @ 33.58

Loss = 3%

Some cash raising + hard to gauge short term market was reason for sale

Not premonition of earnings warning!

GLA Galahad Gold buy @ Sharecentre

This is a way of buying uramin at a discount
+ payout due soon
PURCHASE of GLA Galahad Gold Plc Ord 1p
at: 13.7000 pence on 19 MAR 

Sold LGEN Covered Call

Hard to call market direction now.
This is to generate a little extra income.
+ reduce risk
LGEN) Legal & General Group PLC dec07 150 Call
Type = Sell to Open
Quantity = 1
Price = 13.5p
Gross = £135.00cr
Net = £110.70cr

Buy 90 QID Inverse fund Nasdaq100

Some market insurance
These go up 2 for every 1 point the Nasdaq100 goes down
The market still looks weak generally. I think the markets
will probably trade lower before recovering but don't want
to cash out - so plan to take profit on QID if Nasdaq100
hits 200 day MA + reevaluate + buy again if no decent bounce there.

Buy 90 QID PROSHARES TRUST @ $56.26

Net cost 5,079.35

15.95 Comm

US Buy -Global Real estate fund

A Global Real estate fund

High yield + good discount in current turmoil
Contains mostly high quality property shares

Buy 60 ING CLARION GLB RE @ $20.69.
Net $1,257.35

US Options expiring Elan + Novartis + Rackable

US Options expired on friday
These expired worthless

1 Contract = (ELN-N) Elan ADR'S mar07 15 Call
Exchange = Chicago Board Options Exchange (Agent)
Quantity = 8
Price = $.45
Gross = $360.00dr
Net = $440.00dr Loss

2 Buy to open 6 Novartis mar07 60 Call @ $.65
Net loss = $ 450

3 Buy to open 4 rackable systems mar07 22.5 Call @ $1.
Net loss = $ 440
Total net loss on these 3 options = $1330

loss offset by gains in the put options on HD + HRB +HON

UK Buys - Uranium/ Nuclear rel @ Share Centre

Putting all the uranium/ nuclear stocks together.
Some mentioned previously.
All small amounts at the ShareCentre

Buy UraMin Inc @ 251.80

Buy Uranium Resources @ 5.55

Buy Geiger Counter Ld @ 107.50

Buy UrAsia Energy @ 312.64

Buy Vane Minerals @ 14.18

US Uranium/ Nuclear related buys

All fairly small buys. Some may be big winners + some may fail to do

well for different reasons - safer to have a basket of these stocks I think.

Shaw has a growing interest in Nuclear services incl a stake in Westinghouse

a major global builder/ designer of nuclear power plants.

Fronteer own a large portion of Aurora who have a lot of uranium in the proven category.

Date Debit Ticker Description

12 Mar 2007 2,299. URRE Buy 300 Uranium Resources @ $7.53

07 Mar 2007 972.11 SGR Buy 32 Shaw Group @ $29.88

05 Mar 2007 524.95 USEG Buy 100 U S Energy Wyo @ $5.09

05 Mar 2007 657.35 FRG Buy 60 FRONTEER DEV GRP @ $10.69

Canadian Uranium Related Shares Bought

I bought some more uranium related shares during current selloff.

No stoplosses yet.

Currency: CAD 2007

Date Debit Description Ticker

13 Mar  1,992.50           Buy 250 Paladin Resources@ c$7.83                 PDN.TO

12 Mar 1,130.98 Buy 450 DITEM EXPLORATION @ c$2.4355 dit.v

09 Mar 1,187.00 Buy 800 Santoy Resources @ c$1.44 san.v

08 Mar 777.00 Buy 700 URANIUM POWER CORP @ c$1.06 upc.v

07 Mar 1,364.00 Buy 60 Pinetree Capital @ c$22.15 pnp.tO

06 Mar 1,397.00 Buy 100 Denison Mines @ c$13.62 dml.tO

HD put closed

A lot of market turmoil
Looks likely to be a market bounce but anything could hsppenContract = (HD-N) Home Depot may07 40 Put
Exchange = PHLX Options (Agent)
Currency = USD
Type = Sell to Close
Quantity = 1
Price = $3.3
Gross = $330.00cr
Net = $320.00cr
Trade Date = 14 Mar 2007
Bought @ 1.26
Gross profit = 162%
Net = $195

UKBuys -DSG , Rio , BHP , Land Secs, Carclo @ Share Centre

I Like all of these for the long term so even though
the market may well go lower I think these are ok now.
Bought small amounts in each case to hold longer term

PURCHASE of  DSG International Plc Ord 2.5p

at: 168.1600 pence on 06 MAR 2007 

PURCHASE of Rio Tinto Plc Ord 10p

at: 2699.5400 pence on 06 MAR 2007 date at 01:00PM

PURCHASE of  Carclo Plc Ord 5p

at: 104.8900 pence on 06 MAR 2007 date at 01:01PM

PURCHASE of BHP Billiton Plc Ord $0.50

at: 1008.2000 pence on 06 MAR 2007 date at 01:00PM

PURCHASE of Land Securities Group Plc Ord 10p

at: 2004.8500 pence on 06 MAR 2007 date at 01:00PM

Sell to close HD Puts

Sell to close * 3 Home Depot may07 40 Put @ $2.20 Net $630.00

Feb 07 Buy to open * 4 Home Depot may07 40 Put @ $1.26 Net $544.00

Gross profit = 75%

Left 1 put open as I think there is a good chance of more falls

for market + Home Depot

US - Bought small amount LGI

Bought small amount LGI
LAZARD GLOBAL TOTAL RETURN & Income Fund

Again intend to hold this + maybe buy more in longer term.
It holds mostly large cap dividend paying global blue
chips + also borrows to invest in currency contracts +
debt instruments. + It sells at a discount of  c 8% to NAV

Exchange = NYSE Currency = USD
Type = Buy to Open  Quantity = 30
Price = $20.4
Gross = $612.00dr
Net = $627.95dr

US Buy- ETW -E Vance Tax-Man Global Buy-Write Fund ETW

Bought Eaton Vance Tax-Managed Global Buy-Write
Opportunities Fund ETW. This is a defensive
long term buy. It holds mostly large cap
dividend paying blue chips + sells calls
against the stock it holds to generate extra
income + smooth out overall returns. It’s
expense ratio is just over 1% (ok) + trades at
a small premium to assets. The other funds that
use the Buy-Write technique trade at much larger
premiums to NAV with similar expense ratios.

eg S&P 500 Covered Call Fund Inc (BEP) trades at
a ridiculous 13% premium! The Enhanced S&P 500
Covered Call Fund (BEO) trades at a 7.3% premium
to NAV.ING GLobal Equity Dividend Premium (IGD)
trades at a 1.95% premium to NAV. BlackRock
Enhanced Equity Yield Fund, Inc. (EEF) trades
at an 8.25% premium to NAV. 

http://www.etfconnect.com/select/fundpages/global.asp?MFID=150450

Stock = (ETW-N) E Town - Buy 

Quantity = 40  Price = $19.77

Gross = $790.80dr

Net = $806.75dr

2 Uranium buys

I don't know if the market is going to recover or go lower first so made
some buys that I am happy to keep if needs be. I have done a lot of
research recently on the uranium sector and made 2 small purchases
that should be good in the long term. Assuming no shock news I would
probably add more of these at lower prices if the selloff continues. I
think that if that market enters a bear phase that uranium will be one of
the few speculative winners + should outperform along with blue chip
defensive consumer staples type stocks.

1.Stock = (USEG-N) U S Energy Wyo
Exchange = NASDAQ (Agent)USD
Buy Quantity = 100 Price = $5.09
Gross = $509.00dr Net = $524.95dr
Trade Date = 05 Mar 2007

2.Stock = (FRG-A) FRONTEER DEVELOPMENT GROUP INC
Exchange = American Stock Exchange (Agent)USD
Type = Buy to Open
Quantity = 60 Price = $10.69
Gross = $641.40dr
Net = $657.35dr

USEG  or U S Energy are a kind of mining holding/development/ dealmaker
company.It acquires, explores for,develops and sells mineral properties
containing uranium,gold and molybdenum.
Feb 27 News - U.S. ENERGY &CRESTED CORP. TO GET 6.6 MILLION SXR
URANIUM ONE SHARES AND ADDITIONAL CONSIDERATION FOR SALE
OF URANIUM PROPERTIES.
The value of this deal + follow on alone is greater than USG's
Market Cap.+ SXR URANIUM ONE is now the 2nd largest Uranium
producer in the world after Cameco.
That leaves a lot of business for free & no real finance worries
which is good for the mining exploration business.



FRONTEER DEV GRP INC (AMEX:FRG)
Acc to their website ..
operate active exploration programs in stable countries like Canada, 
Western Turkey, and Mexico + have strong and experienced leadership.
Fronteer is a rapidly evolving company committed to building long term
value through ongoing discoveries and strategic acquisitions. There are
currently nine drill rigs operating in Turkey on three projects and one
drill rig operating in  Mexico on two gold-silver projects. Fronteer has
a strong balance sheet and has a prominent foothold in an emerging
uranium-copper-gold district in the northern Yukon.
Fronteer holds a 47.24% interest in Aurora Energy Resources 

Aurora Energy Resources Inc. (Toronto:AXU.TO) announced on the 
25 Feb 07 resource estimates for its 100% owned Michelin and
Jacques Lake  uranium deposits in coastal Labrador. The two new
estimates collectively yield:                     
1. A Measured and Indicated resource of 58 million pounds of U3O8 ("uranium") 
2. An additional Inferred resource of 38 million pounds of uranium.
Aurora's uranium resource base has increased 170% in just over 12 months.
Michelin and Jacques Lake are still in their infancy in terms of their
potential size.

http://www.fronteergroup.com/home.htm

Defensive positioning - Wolsey puts buy back + Sell RC Group

The Markets generally oversold + should rebound somewhat but if they don't then even more stoplosses are triggered + markets fall more.

5 Mar -Buy to close 4 Wolseley plc mar07 1100 Put @ 4p - £192.20net
08 Dec 06 -Sell to open 4 Wolseley plc mar07 1100 Put @ 14.5p -£537.8net
Gross profit = 69% Net = £345
-Should expire worthless for full profits but
not worth the risk in this type of market.


Sold 700 RCG @108 1/4p ..near breakeven
Sell 700 RC GROUP HLDGS @ 108 1/4p -£745.25
Jan 07 Buy 700 RC GROUP HLDGS @ 108 5/8p -£776.68
gross loss < 1% - Net loss £30

Buy Uranium Resources Plc @ Sharecentre

Another small buy in a uranium miner.
The lack of real pullbacks is bullish.
Murphys law of course dictates it will happen
soon after I have a full position in uranium
related stocks!

PURCHASE of Uranium Resources Plc Ord 0.1p
at: 5.5500 pence on 02 MAR 2007

SALE of Dialight - Sharecentre

SALE of  Dialight Plc Ord 1.89p
at: 217.5000 pence on 01 MAR 2007
Stop loss/ cash raising sale
Story looks good but buy interest seems to be gone

Uranium fund buy Geiger Counter- Share Centre

Bought a small amount of Geiger Counter
Most Ur related stocks look way overbought.
But the fundamentals of supply & demand are there.

Info at http://www.ncim.co.uk/
+ mineite.com

PURCHASE of 322 Geiger Counter Ltd Npv
GCL at: 107.5000