Tues 9 Dec 2003 Bought 10,000 in Moarchpole Holdings @11.2, costing £1140.60. Thur 12 Feb 2004 Sold 10,000 @9.311 am. profit £297.40 On 9 Dec 03 one of my stock market tipster email newsletters analysed this company. Althogh the share price had come up from about 4p earlier in the year, it was still considered a good buy at 10.5p. The company produces clothing for some of the top names in the fashion busness. The tip was to buy at 10.5p and sell around 14p. Unfortunately on this day there were many buying orders, possibly from this tip, the price raced ahead, and I followed it up, wanting to get in as soon as possible. I eventually had to pay 11.2p for 10,000 shares. After this excitemnt the price settled, but during the following few weeks it was showing me a loss of about £200. If I had waited I could have got in at that lower level. However, this week, movements upwards showed it approaching my purchase price, then moving into profit, but, unlike mmo2 I was determined to hold a little longer to try and maximise my profit. Today, 12 Feb saw it reach my strike price, 14.5p, and Barclays managed 14.53p, giving me the acceptable profit of £297.40, and taking my total since last March to £1772.81.
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