Club Mulgoa

Thursday, November 25, 2010

Beautiful day at the market

Beautiful? It only went up by a miserable 0.2%.

I will tell you why it is a beautiful day.

I put a low price on some shares and got them. I put a slightly lower price on some shares and got them. Where do the $$$ come from? Well, I got rid of WOW. When the market recovered in 2009, the first company I expected to do well is WOW and QBE. What a huge disappointment!

Today, one portfolio went up by 1.5% and the other 2.5%. The latter is a fluke; as my regular readers would know, my MMR has become a huge bubble. If it find gas in 3 weeks' time, it will be a gas tanker, not a bubble. But if nothing is found, then it will be pricked.

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