Money Week

How my tips have fared

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It has been another mixed fortnight for my nine long tips, with four rising and the other five declining. Computer-services firm Computacen­ter advanced from 2,923p to 2,930p. Moonpig, which sells greeting cards and gifts online, rose from 159p to 169p and US constructi­onsupplier Builders FirstSourc­e increased from 189p to 195p.

Trading platform firm IG Group also went up, from 707p to 732p. However, kitchen-supplier Howden Joinery fell from 856p to 849p, carmaker General Motors went down from $40.93 to $40.82 and budget airline easyJet dipped from 550p to 528p.

Recruiter SThree also declined – from 421p to 414p – while SSP, which operates food and drink concession­s in airports and train stations, dropped from 217p to 214p. Overall, my long tips are now making total profits of £1,444, up from £1,416.

My short tips put in a good performanc­e, with three moving in my favour and only one against me. Solar-energy company Sunrun fell from $11.70 to $10.33 and air-taxi firm Joby Aviation slipped from $5.36 to $5.12. Video-game retail chain GameStop also went down, from $14.99 to $14.24. Payroll-technology provider Paycom was the only one that bucked the trend, rising from $178 to $192. Overall, my short tips are making a profit of £2,099.

My combined long and short positions are making profits of £3,543. I suggest that you take profits of £666 on Computacen­ter, as the recommenda­tion is almost a year old. This means that I now have nine long tips (Howden Joinery, SThree, easyJet, Moonpig, SSP, IG Group, General Motors, Builders FirstSourc­e and Rolls-Royce).

There are four open short positions (Paycom, Sunrun, GameStop and Joby Aviation). I suggest you raise the stop-loss on easyJet to 350p (from the current 300p), and increase the stop-loss on Howden Joinery to 700p (from 600p). Furthermor­e, I recommend cutting the price at which you cover Paycom to $200 from $225.

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