I took my profits in a couple of shares this morning. Both have had great runs over the last couple of months & I think there are other opportunities out there that offer the possibility of greater returns from here.

First I sold my last portion of Globus Maritime (GLBS). 3,400 shares @ 103.5p. A 61% profit (£1300) in just over 2 months is an excellent return but over 100p Globus looks fair value to me. Of course the management are sat on a decent cash pile now & if they put that to work buying some good value ships I will take another look.

Secondly I closed my Geopark Holdings (GPK) trade, taking a 19% profit in just over a month (£660). This was a momentum trade and its gone up virtually in a straight line. Its now hit my price target and is close to its all time high at these levels so I’ve closed the position for now. It remains on the watchlist and on a decent pullback or a break through that all time high price I may buy back in.

Also one of my picks for 2010, Alterian (ALN), released their IMS today. They warned that Q4 revenue & profit may be below expectations & the shares have been marked down nearly 20%. I think this is overdone given the growth prospects going forward so I have picked up 6000 shares at an average of 156p. I might be catching a falling knife here so will be running a tight stop.

I have also closed out half of the FTSE 100 short, buying £2 per pt @ 5506 as the market has come back strongly from its lows this morning.

Kryso Resources (KYS), International Ferro (IFL) & Unitech Corporate Parks (UCP) all look strong today with good buying interest.