Money Week

How my tips have fared

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It has not been a good fortnight for my eight long tips, with all but one declining. US buildingma­terials supplier Builders FirstSourc­e fell from $208 to $184. Kitchen-supplier Howden Joinery declined from 906p to 877p, while recruitmen­t specialist SThree slipped from 430p to 427p.

General Motors dropped down a gear from $45.35 to $42.69, budget airline easyJet descended from 570p to 540p, and SSP, which operates food and drink concession­s in airports and train stations, slipped from 219p to 206p.

Rolls-Royce Holdings slid from 428p to 406p. The only exception was investment and sharetradi­ng platform IG Group, which rose from 730p to 736p. My long tips are now making overall profits of £1,445, down from £2,178.

Neverthele­ss, the good news is that my four short tips all moved in my favour. Solar-energy company Sunrun fell from $13.18 to $10.90, while video-game retail chain GameStop declined from $12.62 to $10.17. Air-taxi firm Joby Aviation descended from $5.36 to $4.68.

Shares in Trump Media & Technology Group not only fell through the $50 barrier, the point at which I suggested that you started shorting them, but have now also lost nearly half their value, sliding to $26.21. Overall, my short tips are making a profit of £2,977, much higher than the £1,627 of two weeks ago.

My combined long and short positions are making profits of £4,422, slightly more than two weeks ago. I now have nine long tips (Howden Joinery; SThree; easyJet; SSP; IG Group; General Motors; Builders FirstSourc­e, Rolls-Royce and Hollywood Bowl).

I also have four open short positions (Sunrun, GameStop, Joby Aviation, Trump Media & Technology Group). I would reduce the level at which you cover your GameStop and Sunrun shorts to $15, down from $19. I would also reduce the level at which you cover the Joby Aviation and Trump Media & Technology Group shorts to $7.50, and $55 respective­ly.

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