Club Mulgoa

Friday, July 20, 2012

PCL

When share prices were tumbling hard in May and June 2012, I could not believe my eyes that someone had dumped PCL shares;  I put in a low bid at 13.5c to buy but it went even lower to 13c.  Today it closed at 20.5 but in late March 2012, it went to 24c.

Some of my most spectacular gains have been stocks bought when the markets were dumping.  I expected my PCL top-up would be my best buy.... and I am proven right.  Of course, there are also disasters.  The reason for not highlighting them is that the market is still down so I didn't expect a turnaround.  But PCL did not disappoint.

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