RRSO
The buy and sell price discrepancy is big because this is not a liquid stock. But this AM, it went from 6.5c to 7.3c, over 12% leap. Perhaps there has been inside information because it wasn't a tiny trade. There has been no recent news. Share price might fall even now!
This has gone up by >50% since late Nov 2010. I topped up in mid Dec 2010 when the share price fell. There is no takers among my readers for RRSO because I am the only chicken, foolish enough to part with my money into a frightfully brave stock, mining at the Horn of Africa. The geologists and engineers are the heroes.
Somalia can still be a money spinner in spite of a government lacking control and pirates terrorizing ships around that region. What a wonderful world!
posted by Club Mulgoa @ 3:42 PM
4 Comments:
Not quite right Terry. I picked up some of this one and am happy thankyou. The last 2-3 weeks have been very good for my"TT" portfolio, turning from red to pleasing 8% black. Not ready to retire yet though!
Just remember to sell all or some when it hits 100%. Real profit is the best; not paper gain.
Do you know where Puntland is?
No, but I will consider it homework to find out.
Even in my share infancy, I have figured that selling is much harder decision making than buying. Options even tougher but I know you are very keen on recovering outlay when possible and will probably follow this as sensible "bird in the hand" strategy.
My wife does not like to sell some shares because of accounting difficulty in the future. I won't explain the details. She prefers me to sell the whole lot. And buy back whatever if still desirable.
She is always right, Tony. And only a sensible man would listen to her without question to remain happy.
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