Money Week

How my tips have fared

-

It has been a very positive fortnight for my nine long tips, with seven rising. US constructi­on-supplier Builders FirstSourc­e increased from $195 to $208; kitchen-supplier Howden Joinery rose from 849p to 906p; and recruiter SThree went from 414p to 430p.

General Motors powered ahead from $40.82 to $45.35, budget airline easyJet climbed from 528p to 570p, and SSP, which operates food and drink concession­s in airports and train stations, advanced from 214p to 219p.

Rolls-Royce Holdings appreciate­d from 390p to 428p. The only exceptions to the uptrend were Moonpig and IG Group. Moonpig, which sells greeting cards and gifts online, stayed at 169p, while investment and sharetradi­ng platform IG Group fell from 732p to 730p. Overall, my long tips are making profits of £2,178.

My short tips delivered a more mixed performanc­e, with two moving in my favour, one climbing and one remaining unchanged. Solar-energy company Sunrun declined from $10.33 to $13.18, while video-game retail chain GameStop also went down, from $14.24 to $12.62.

However, air-taxi firm Joby Aviation stayed steady at $5.36, while payrolltec­hnology provider Paycom rose from $192 to $200. Overall, my short tips are making a profit of £1,627 down from £2,099.

My combined long and short positions are making profits of £4,277. I suggest that you take profits of £515 on the Paycom short, which I have held for over a year, and take losses of £200 on Moonpig.

The upshot is that I now have eight long tips (Howden Joinery; SThree; easyJet; SSP; IG Group; General Motors; Builders FirstSourc­e and Rolls-Royce).

There are also three open short positions (Sunrun, GameStop and Joby Aviation), and one pending short position on Trump Media & Technology Group. Finally, I would recommend that you raise the stop-loss on Howden Joinery and easyJet to 720p (from 700p) and 435p (350p) respective­ly.

Newspapers in English

Newspapers from United Kingdom