Mon, 01 Jun 2009
Troy’s Blog
Update on stocks. Ok so Barclays has been pretty stellar and as of the first of the month is at 315.00 – I bought at 093. Quiksilver is at 3.45, I bought at 1.20. MCSI Brazil is at 3014 I bought at 2897 so all in all I am making moves.
As Paul rightly pointed out though I was lucky in when I bought into the stocks – they were all at the bottom of a crash. But that was the point. I was making inroads because it was an easier time than usual.
Which brings me to my next purchase. I am a bit stuck. I like the looks of some oil, Pertobras in particular and even BP. But I also like the look of gold. Again thought I am weighing up the option of an ETF of a mining company, hopefully in the UK as the dollar is on its way down. A friend of mine bough Jubilee Platinum when it was 09p and now it’s had a great growth spurt, with almost 10% a day for a while and he thinks it will continue.
It’s easy bottom fishing but it’s not as easy when you have to look at companies that have already priced in their gains. Time for an email to the Monkeys.
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