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

US Buys

01 Mar 20071,115.950.00T1211775Buy 20 PROSHARES TRUST @ $55

28 Feb 2007822.510.00T1210063Buy 8 ishares lehman tips bond @ $100.82

28 Feb 2007794.870.00T1209909Buy 12 Caterpillar @ $64.91

US Buys

01 Mar 20071,115.950.00T1211775Buy 20 PROSHARES TRUST @ $55

28 Feb 2007822.510.00T1210063Buy 8 ishares lehman tips bond @ $100.82

28 Feb 2007794.870.00T1209909Buy 12 Caterpillar @ $64.91

UK stock sales

28 Feb 20070.00599.50T1209287Sell 2400 EBT Mobile China plc @ 25 1/2p18

28 Feb 20070.00953.53T1209268Sell 130 Slough Estates @ 743.1p17,728.21

28 Feb 20070.002,317.80T1209262Sell 500 Antofagasta Plc @ 468.56p

All at or near breakeven to raise cash in a jittery volatile market

UK Option buybacks

01 Mar 2007238.600.00T1210950Buy to close 2 Man(Ed+F) jun07 460 Put @ 10.5p17

01 Mar 2007738.600.00T1210904Buy to close 2 Land Secs jun07 1900 Put @ 35.5p17

More Defensive Positioning

Basically all trading for the last 5 days has been to reduce portfolio risk - particularly buying back puts which has worked out ok I think - most puts bought back for small profit or small loss.
Left some naked puts open where I don' t mind getting the stock at discount eg Man / Apple.
+ bought Gold etf + bond etf + QID which goes up as Nasdaq 100 goes down. I like the uranium story but would prefer to be buying a pullback.