How my tips have fared

As you might expect, the past fortnight hasn’t been very good for my long tips. Construction firm Morgan Sindall fell from 2,155p to 1,972p, below the stop loss level of 2,100p, which means that the position was closed out at 2,100p. Airtel Africa dipped from 146p to 141p, while National Express also declined from

251p to 248p. Supermarket J Sainsbury went up from 237p to 245p, while both ASOS and Domino’s Pizza Group remain below the level at which you should start going long. Counting Morgan Sindall, my long tips are making a profit of £2,365, down from £2,650.

However, the declining market that hit my long tips has been good news for my six short positions, which all moved in my favour. Cinema chain AMC fell from $15.26 to $11.71, remote medicine firm Teladoc Health declined from $35.73 to $32.16, marketing software firm HubSpot went down from $380 to $344, KE Holdings fell to $12.15 and DWAC, the holding company for Donald Trump’s socialmedia empire, fell from $47.91 to $45.75. Digital currency exchange Coinbase also fell from $121 to $61. Overall, my short positions are now making total net profits of £6,521, up from £5,312. My short and long tips are making a combined profit of £8,886, up from £7,011. Going forward I now have nine open tips (long Airtel Africa, National Express and J Sainsbury, short AMC, Teladoc Health, HubSpot, KE Holdings, DWAC and Coinbase). I also have three pending tips (ASOS, Domino’s Pizza Group and JD Sports). While I’m not going to suggest that you close any positions, I suggest that you should lock in some more profit by cutting the price at which you cover Teladoc Health to $60 (from $100), HubSpot to $400 (from $500), DWAC to $50 (from $55), AMC to $20 and Coinbase to $90 (from $175).