Invest my £1000


Wednesday soon comes around again. Invest my £1000 has gained a little ground this week, erasing most, if not all of the losses that we suffered last week. However, we do have until the last trading day before Christmas to double or even treble Keith’s money. This week has seen Tullow Oil announce an upbeat drilling update with a 50% owned Waraga-1 well in Uganda. The shares since that point have climbed steadily.


Tullow Oil (TLW) remains a hold.


Here are the results of week three.


The stock today is up 0.34% at 374.25
The stock since the purchase is up 0.8%.

The total amount since the purchase is up £8.00

The total amount in the pot to date is up £1008.00

Invest my £1000


It’s that time of the week again. Invest my £1000 has faired a little better this week, erasing some of the losses that we suffered last week. However, we do have until the last trading day before Christmas to double or even treble Keith’s money. Things are improving a little and next week (fingers crossed) we may be in profit.


Tullow Oil (TLW) remains a hold.
Here are the results of week two.


The stock today is up 2.38% at 322.50

The stock since the purchase is down 13.2%.
The total amount since the purchase is down £132.00

The total amount in the pot to date is down to £868.00

The FTSE100 was 6.8 points higher at 5,665 with the FTSE250 down 26.2 points at 9,093.1 and the FTSE Smallcaps 8.8 points weaker at 3,318.1.

Volume was thin with just 2.43 billion shares changing hands in 310,450 deals.


Oil prices slipped back after initially turning higher after the weekly US fuel inventory report showed that crude supplies rose more than expected. The Energy Information Administration said crude supplies rose by 1.4 million to 347.1 million barrels, well above analysts' expectations of a drop of 200,000 barrels.


Crude futures went 20 cents lower to $69.14 a barrel by London's close.


Today’s look at individual Stocks:


Supermarket group J Sainsbury was lower today, dropping 2p to 321p, as a better than expected first-quarter sales update prompted investors to cash in on recent gains.


Next closed down 12p at 1,600p and Marks & Spencer closed down 3.5p at 566.5p.


ITV was a good gainer today, up 2.25p at 105.25p, as the broadcaster announced plans to raise its cash return to shareholders to £500 million, up from £300 million previously, in a trading update today. The group also raised its targets for some non-advertising revenues.

The FTSE100 was only marginally lower at 5,618.7 with the FTSE250 down 26.2 points at 9,0756 and the FTSE Smallcaps 14.8 points higher at 3,323.6.

Volume was strong, with 2.38 billion shares changing hands in 336,256 deals.


Wall Street opened lower. The DJIA is currently down 9.50 points at 11,005.70, while the Nasdaq is down 12.79 points at 2,131.35.


Today’s look at individual Stocks:


Mining stocks reversed early strong gains, after China, the world's fastest-growing economy, confirmed that it is to attempt to cap growth by raising its bank reserves by 50 basis points.


BHP Billiton went down 17p to 695p, while Xstrata dropped 29p to 1,937p and Antofagasta closed down 27p at 1,899p.


A broker comment saw shares in Marks & Spencer go higher, up 14p at 568.5p, lifted by bullish comments from Deutsche Bank, which reiterated its buy recommendation on the retailer and 655p target. The broker noted that M&S shares have fallen 13% in the last month due to the market's belief that the group's recovery has now petered out.


J Sainsbury (the UK's third biggest food retailer) was up 2.75p at 323.75p, as it is expected on Wednesday to report an acceleration in sales growth in the first quarter. Analysts expect Sainsbury to have achieved a greater rate of growth than Tesco (the UK's biggest grocer) which this week announced a first-quarter like-for-like sales improvement of 4.5%.


Shares in Wm Morrison Supermarkets closed up 5.5p at 200p amid vague talk the food retailer could attract a 240p per share bid.


Tullow Oil was also up today 7p to 327.5p on news of a North Sea gas discovery, although this was tempered by reports that another well is dry. Tullow said the K4 exploration well in the UK has encountered gas-bearing sands of reservoir quality, and significant upside potential has been identified. The success of K4 also provides further encouragement for the remaining exploration potential of this area.


UK oil and gas company Burren Energy, up 19.5p at 767.5p, said hopes have been raised of setting up a new drilling platform at the M'Boundi oil field in Congo, after recent tests produced one of the best results seen on the field's western edge. Burren's French partner Maurel & Prom, which manages the drilling operation, reported a flow rate of 2,450 barrels a day.

Invest my £1000


What a week! Invest my £1000 has not got off to the best start. However, we do have until the last trading day before Christmas to double or even treble Keith’s money. Trebling the money seems such a long way off at this moment in time, but it’s just been a bad start, things will improve.


Although The Footsieblog advised in a previous posting to sell all stock, therefore The Footsieblog no longer has a portfolio (well we do its all in cash at the moment) one of the conditions for Invest my £1000 was the money must be invested in stock and not held in cash, that would be too easy.


Certain events have upset the stock markets around the world and we have experienced nothing but fall after fall at each open and close. Therefore, after the first week of the £1000 being invested in stock we had to make the decision, do we carry on with this or sell the stock as it hit the stop loss.


The day came, and my initial thoughts were to let the stop loss take care of it, if the stock went up, good. If not, the stop loss would ‘kick in’ and sell all of the stock. After thinking long and hard I did something that I would not recommend anyone to do when trading, especially in these conditions. I decided that if I let the stop loss sell the stock the £1000 would incur more dealing and tax costs, which frankly with £1000 we can do without. A point to note here, a trader must always preserve his or her capital at all costs!


The afternoon came and I turned the stop loss off! I then needed a drink! Once I had done that and studied all the pro’s and con’s of selling tomorrow or the day after. I decided to just hold the stock as it is.


So, today Wednesday 14th June Tullow Oil (TLW) remains a firm hold. I have been studying the chart this morning and although I am not a ‘chartist’ I do believe that the 300p mark is the very bottom this stock will go. If, it breaks the 300p mark we are in trouble (never mind I am going on holiday soon, more on that another time).


Tullow Oil (TLW) remains a firm hold today, so here are the results of the first week, some people may need a very strong drink before looking at the figures.


The stock today is down 1.38% at 303.75
The stock since the purchase is down a massive 18.2%.

The total amount since the purchase is down £182.00
The total amount in the pot to date is down to £818.00


Once the CPI data is out, things may settle down a little.

The reasons for holding Tullow Oil are the same as before (in a previous posting). We have had one hurricane over the oil rich platforms already, more will develop which will push the price of crude even further. Tullow overall, has NOT changed in the slightest, more well tests are due shortly and the company remains strong.


Fingers crossed for next week’s update! Im off to the gym!


Stop loss explained