Club Mulgoa

Monday, March 05, 2012

Today's trades

I couldn't resist topping up RIO after I sold some at $71 to fund my RIA's SPP. Then I sold off GMI as the management is charging too much and the stock has not done well.

With the cash, I was going to use it for entitlements and SPP but today, I collected more DRA stocks at below the rights issue price. I also went for BPT after it announced another Egyptian oil discovery... but it share price went down. I bought because the share price fell. Good announcement coupled with fall in share price is like a red rag to me!

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