Club Mulgoa

Wednesday, June 15, 2011

SGY

I had made a nice profit out of SGY but I sold at 9.1c after a bad announcement so my profit could have been much higher. Because only 1 drilling result was bad, the market never quite punished SGY. I put a buy at 8.1c. However, today, it followed with another bad report.

Luckily I was around and immediately took the buy off. It has since tumbled to 7.8c. That was a quick escape for me!

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