Is it all too much and is 5550 the top for now?

I'm glad I follow the markets and not try and forecast them - I did think they might go down! A very strong showing but the big question is, is it all too much and is 5550 the top for now? It would look pretty bullish if 5550 went. The markets are definitely strong right now. Are they right? Who knows, they are there to be followed. However one wonders whether if they carry on rising whether that would induce a nasty fall.

Anyway what have I been up to? Well mind your own business!
 
All right then. Let's go with some buys first.
 
Recruiter Harvey Nash Group (HVN) looks like it might be worth getting back into. Hammered during the recession, it said earlier this week profit is going to be 4m or more and there's 5m of cash. On those figures it looks undervalued and I think there's a good 20% underrating there. It seems to be rated like a share that could go bust which isn't going to happen on those figs. So on that basis I bought 10,000 at 34.8, and initially looking for that 20% so targetting 42 with a stop of 32.
 
Nestor Healthcare Group (NSR) looked worth a top up for me. I got another 10,000 at 44.7. Target 55 stop 39. It's tested my patience a bit but some persistent buyers around the last few days. I'm really looking for a bid for this one - complete speculation on my part of course. Interesting buying going on!
 
Huntsworth (HNT)'s rating is a bit of a mystery - I've held these for a bit and they've not budged - the company thinks they are underrated too and is buying back shares - however I noticed there was more buying interest coming in on the order book and I also wonder whether some sort of overhang is cleared or nearly cleared so taking a chance and topping up with another 5,000 at 65.8. Target 80 stop 60. If it's cleared with the buyback on, could be a good riser for me.
 
Finally my two fave volatile shorter-term plays, Centamin Egypt (CEY) and Afren (AFR) were both looking good, both appeared to have bottomed so in for quick spread bets to take advantage of market strength for £30 and £40 - Cey at 120, Afr at 82.5 targetting 140 and 95 with stops at 110 and 77.
 
Intec Telecom Systems did try again to hit above the 100p mark but there is so much resistance there that I've sold my last lot at 97 to take a brilliant profit of £2,970.
 
Hunting stop was hit at 615 for a loss of £110. I quit the FTSE shorts a bit late.. of course I should have taken profits much earlier but I didn't, getting out at 5381 for a loss of £395    on the top up and a profit of £540 on the original. Stupid boy can be the only comment.
 
I've looked hard at the other shorts but actually they're not doing so great in the upmarket so for just now sticking with them and they are surprisingly all in profits. However I can't give them much leeway. Right any that's profits for the site banked today of £3,005.
 
Dialight reported today - an excellent statement with predictions of good growth from its LED lighting - and even though it's gone up a lot this week I think it's worth remaining in it for more - I've now nearly doubled on the first lot I bought at 144p live at July's seminar!
 
It looks like DIA in the right place at the right time and if growth continues no reason why the shares shouldn't be hitting 350 in the not too distant future. A dividend too which has risen, goes ex dividend next week. If for any reason profit-takers come in I'll be in for more even though I already have quite a few - looks like it could have a superb 2010.
 
Axis Intermodal Plc hasn't done much yet. Patience might pay though. Pz Cussons continues to look good - bit of profit taking in the late 280s but looks very solid. Little gamble Asterand is already paying off - rising nicely in the run up to results later this month.
 
SDL has flown up with profits of more than £2,000 in double quick time - a superb statement, profits are rocketing nicely and with the price up to 470 today very glad I bought a short time ago down at 415!
 
A nice little profit from the recent Hardy Oil & Gas buy - the question is whether to bale before results! It's tempting given previous disappointments but I only have a small amount. You never know, they may even be a buy on results.. a real gamble.
 
Micro Focus International goes well now and up again today but can it break 500 again? RM has gone above 170 which looks bullish.
   
Dimension Data Hldgs Plc has gone up even more strongly over the last couple of days  after its excellent statement and now up more than £3,000 already on the big spreadbet I have on it and more than £1,000 on the standard trade. Trying to conquer 90 now.
    
Long term trebler and then some Petrofac is booming and has soared up to nearly 1100 now. Fantastic share this has been!
 
So, interesting few days - can the market break up? Or will it fall flat on its face. Only time will tell but there should be enough time to follow it whither it decides.