My personal portfolio
Comment of the Day

September 15 2016

Commentary by David Fuller

My personal portfolio

A position closed

David Fuller's view

I closed what I had previously described as my potentially medium-term trading long in the BlackRock World Mining Trust (weekly & daily) this morning to preserve something of my shrinking profit in this position after four weeks of decline.  My September position in BRWM was sold at 272.93p against my average purchase price of 257.01p.  I had enjoyed the dividends and the ranging price appreciation from extremely depressed levels, but the latest correction is larger than its predecessors during the recovery and has a rollover look, rather than a rounding support building appearance, suggesting to me that it may underperform for longer than I would welcome. 

These prices include all spread-bet dealing costs.

 

Please note: I will be away tomorrow.   

 

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