Club Mulgoa

Wednesday, January 05, 2011

Recouping capital

Learn how to sell. This is one opportunity for those who bought into PIR. This is going great. Of course, it is still cheap and of course, it has great prospect. But share price does not go up everyday when there is no good news. Drilling results will come out in spasms. But PIR has gone up a lot for those who heeded my notes.

Cilla does not like me selling part of a stock due to accounting problems but that is because I have a huge parcel of shares. Anyway, for those who dislike losses, I suggest you get your capital back at least. And if you sell the lot, it is inshallah. Share price can drift both ways. If it falls, buy them back. If you now jumped off a speed boat, then look for another one.

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