Club Mulgoa

Monday, September 12, 2011

ATN

Here is a little bragging right.

The market fell by 3.7% at close. I have 0.2% alpha! It is miserable of course! I did one trade today. ATN fell by >50% because of a lousy drilling result. Because my buy price was extremely low, I picked up 100,000 shares at 1.8c. I tried to sell at 2c but failed. Near close, I got rid of it at 1.9c so here is my bragging right... I made $60, after cost of buying and selling.

All the surrounding drilling sites have suggested that this should be a gold bonanza but nothing is for certain in life. So having taken a calculated gamble and lost, I made a small gain instead because my buy price was the trough! There is a god....

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