Club Mulgoa

Wednesday, July 18, 2012

Bad day...

Today is a bad day on the market for me.  One portfolio plunged more than the market average, mostly due to falling resource stocks.

But in the midst of all this, CTP is a nice performer.  Last year, when its share price was at its doldrum and a SPP that had a grossly extended dateline, it announced that it had found oil.  Yet the market was not fully convinced and lots of people didn't take up the SPP even though the share price has gone over the SPP price.  I took up the offer late and picked up the maximum amount.  Today, it has more than doubled.  And now because I have "many" shares, a 1c rise makes a huge difference.

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