How my tips have fared

Over the past six weeks, my four long tips haven’t done very well, with three out of the four positions falling in price. Construction firm Morgan Sindall has fallen from 2,431p to 2,155p, supermarket J Sainsbury has declined from 259p to 237p and Airtel Africa dipped from 152p to 146p. Online retailer Asos is now at 1,418p, well below the price of 1,800p at which I said you should go long. The only exception is National Express, which rose in value from 230p to 251p. Overall, my four long tips are making a net profit of £2,650, down from £3,423.

The good news is that five out of my six short tips have also declined in value. Cinema chain AMC declined from $15.86 to $15.26 and marketing software group HubSpot fell from $459 to $380. Remote medicine stock Teladoc slumped from $65.55 to $35.73, and DWAC, the company behind Donald Trump’s social-media “empire” slipped from $68.91 to $47.91. Digital currency exchange Coinbase fell from $177 to $121. Overall, my six short tips are now making net profits of £5,312. This means that my short and long tips are making combined profits of £7,962, up from £7,011 at my last update at the end of March.

I now have four long tips (Morgan Sindall, Airtel Africa, J Sainsbury and National Express) as well as six shorts (Teladoc, HubSpot, AMC, KE Holdings, DWAC and Coinbase). I also have two pending long tips (ASOS and Domino’s Pizza Group). I’m going to raise the stop loss on Morgan Sindall to 2,100p (from 2,000p); on J Sainsbury to 200p (from 175p); and on Airtel Africa to 115p (from 110p). I would also lock in more profits on my shorts by cutting the price at which to cover the Teladoc short to $100 (from $135); HubSpot to $500 (from $771); DWAC to $55 (from $142); and Coinbase to $175 (from $275).