My personal portfolio
Comment of the Day

March 30 2010

Commentary by David Fuller

My personal portfolio

Siemens AG long trade increased

David Fuller's view With earlier positions protected with what should be at least breakeven stops, I used this afternoon's weakness to increase my long position in Siemens (SIE GY) (weekly & daily) by a third. I paid €73.90 for another June contract, including spread-bet dealing costs of €0.51. The risks with this trade are a possible stock market consolidation in response to recent strong gains, and the spread-bet dealing costs in shares are expensive. I can justify the latter because CGT is not applicable in the UK with spread-bets.

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