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Tuesday, 31 July 2007 |
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Another month has gone by so I'll post another share trading update. I don't know if anyone else is interested in this stuff, but I want to document it anyway because I'm sure I'll look back on this one day and laugh. I just hope I'm financially comfortable when I do the laughing! This hasn't been a very good month, but I'm still well ahead on where I'd be if I'd just left the money in the bank. I bought shares in Mine Makers (MAK) and Anglo Australian (AAR). Both are mining companies, but Minemakers is interesting because they have discovered Uranium in Tasmania! I sold my Gunns (GNS) shares for a loss this month. I had to put my own personal thoughts aside when I bought Gunns shares and now I wish I had let my heart speak a bit louder than my calculator. Other than the Gunns loss things were going OK until the American market took a big dive last Friday. The Aussie market followed suit on Monday and has struggled to recover all week. I lost over $1000 in the first 30 minutes of trading on Monday which was a bit scary to watch! The TV news people were saying that it was the biggest single day drop since 9/11. Perhaps I'm stupid, but I still don't understand how a drop in housing sales in America can wipe out billions of dollars from the Australian market. Here is the updated graph;
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