Club Mulgoa

Friday, September 24, 2010

Good day at the market

Didn't buy any AVBOA because the share price of both ordinary shares and options went up. But I did buy PIROA and it too went nearly 10% higher at close. I have cleared the deck with AND because I don't want to exchange it for any Canadian shares as a result of the takeover. Nice to have some cash but there are SPPs and entitlements around the corner.

Today is what I call a beautiful day at the market. The ASX is down but my personally managed portfolios are up. I am definitely doing better than my city brokers. It is quite phenomenal how many companies, have gone up by >50% within a year but the market has only really turned since 30th June 2010.

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