The disposals of our notional holdings in John Wood Group and Aberdeen Asset Management should come as no surprise as both shares have been in danger of triggering a sell signal under our stop/loss system for some time.
In the event, the sales realised a small profit and boosted our total cash holdings to a hefty £17,937, some 46% of the valuation of our four portfolios, when we carried out our usual audit on Wednesday.
That is far too high in normal circumstances - and the tally could be boosted further with a possible sale of Barclays under the same stop/loss system - but we will hold on to the cash for another week or two to see if stock markets stabilise.
Despite the general turbulence, our share portfolios turned in a resilient performance last week, with only the 2012 selections recording a significant slippage with a fall approaching 2%. In contrast, the 2010 and 2013 lists recorded fractional gains and the 2011 portfolio was virtually unchanged.
The overall showing was helped by a few star performances, with Scottish companies John Menzies, British Polythene Industries and Iomart to the fore with particularly strong gains earlier in the week.
On the other side, Stagecoach continued its recent downwards path and major overseas earners Compass and safety equipment group Halma saw hefty profit-taking after recent good rises.