I’m very pleased that I bought Lloyds shares around a month ago and seemed to have timed the purchase nicely. But now I’m selling. I don’t want to ride on the back of a slow drift price slide. This may be a mistake, but as confidence is coming back to the market, smaller cap stocks are set to provide good opportunities. This brings me neatly to the next stock I’m adding to my SIPP.
Game group is a bit of a seasonal stock performer and it has shown some recent price appreciation. The price is at a low point after a rundown from earlier in the year. So, I’m buying some of these to hopefully catch a price run up to Xmas.
Earnings will be driven by the new games in the Sales pipeline, like Call of Duty and Guitar Hero V, providing focus to the gaming sector in the coming months when these market bursting games arrive.