Bad week continues so its case of waiting for the turn

Late December and early January seemed to be days of endless gains on the portfolio. Bowleven (BLVN) and Xcite Energy (XEL) both showed strong moves up on positive news. Now things have come to a grinding halt and I'm seeing day after day of steady (and not so steady) declines. Every stock in the portfolio was negative again today (Sirius, Bowleven, Xcite, Sirius, Rockhopper) bar one (Imagination tech). Bowleven was looking particularly sick this morning with a 5% fall soon after the market open, but reason prevailed and it recovered to close down 3p, at 348p. Yesterday the fall in the oil stocks was precipitated by the falling oil price and there is certainly a sector rotation out of oil at the moment with prospects of rising inventories and OPEC threatening to increase production. Today, market sentiment just seemed to be against AIM and the small cap sector.

It's a case of just sitting it out when you have weeks like this. The stocks are solid, the research has been done, the news flow has been checked now buyers need to come back. Earnings out of the U.S. continue to be strong which should support the markets.

Still patiently waiting for the anticipated news flow from most of the stocks in the portfolio.

Some investment ideas once Xcite meets target price

I'm been starting some research into some portfolio additions once Xcite hits my target price of £5.50 or so and I can more sensibly diversify the portfolio. Struggling to find decent AIM opportunities outside mining and oil. But the search continues. Ideas welcome.

On my list so far are:

1. Sirius exploration (SXX) - but share price rise has been pretty aggressive over last few days
2. Rockhopper (RKH) - will be watching carefully once new well has spudded
3. Range resources (RRL) - some geopolitical risk to be concerned about e.g. Georgia
4. Coastal Energy (CEO) - hitting 52 weeks high which Contrarian Investor dislikes as entry point