Club Mulgoa

Wednesday, February 09, 2011

PIR

This has been rising and rising. The announcements while good can't account for the rate and frequency of rise. So there is only one way to go in the short term, down. But sometimes, you suspect inside information. The drillers could be giving out inside information to select few. Since I bought into PIR on the cheap, I can afford to sit it out, up or down. So far, drilling results are usually great.

My last top up was to buy the options. My ordinary shares were purchased at under 13c average. Because the options were bought later, it was around 20c. The nice thing about options is I can get a lot more shares... on credit with no penalty/interest payment if I failed to pay up on exercise day.

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