Club Mulgoa

Monday, September 19, 2011

PIROA

The best time to buy is when the market is panicking. I was cool as a cucumber when I picked up this option at 30c on 16/8/11. It dropped further and I felt quite stupid. But like many purchases I had done in the past, when the investors are dumping stocks like lemmings, those stocks become very profitable.

Today, in a market plunge, my PIROA showed the biggest rise, up by 7c to 46c. The next best performer on a miserable day is AZH. So if it wasn't for my gold stocks, I would have performed worse than average.

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