Club Mulgoa

Thursday, July 21, 2011

Short term performance

Whatever I buy usually falls. My purchases this week performed variably. It is rare to get any purchase at the trough. But my strategy has always been longer term investment. There are many idiotic sellers in stocks that I buy. It is a pity that I only have that much cash after selling IRE. I topped up on CEO and LSA, the very next day.

I like coking coal (not for electricity but for steel making) and I still love gold explorers, especially those which are producing as well. PRU is going to produce its first gold ingot this quarter :-)

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