Centamin Egypt (CEY.L) - Having closed my previous position to protect a profit, I placed a buy limit order today. I've reduced the risk that this position carries as (like I've stated before) I'm keen to hold onto this for as long as I can. Their first gold pour is due in early June, but I'm assuming that as this nears, this will be priced into the market, so should see a steady rise. See below for order details
My Centamin order details;
Buy Limit @ 51.5p (A minor pullback required for a fill)
Stop - 45.03p (Well below potential support -giving this trade some room)
Target - 60.03p (My initial target - depending on how/if it gets here, I'll make a decision)
Position size - £15/point. (£15 * 7pts = £105)
Max risk - £105 (1% of The AtticFund)
Wellstream (WSM.L) have enjoyed a steady bull run since late February. I should have got involved earlier, but it looks to be consolidating before making another move, a nice potential entry point.
My Wellstream order details;
Buy Limit @ 503p (A minor pullback required for a fill)
Stop - 431.7p (Well below potential support - giving this trade some room)
Target - 600p (My initial target - depending on how/if it gets here, I'll make a decision)
Position size - £2.65/point. (£2.65 * 75pts = £198)
Max risk - £198 (2% of The AtticFund)
