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September 2007 share update |
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Saturday, 29 September 2007 |
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Gosh, how things can change. There I was thinking it had all gone to poo, and now I have busted past the cash position and hit a new high! The guy I use for advice recommended selling one of my companies at a loss during the crash a few weeks ago, but I missed the sell order and decided to ignore it and hang on. That stock (Babcock and Brown BNB) is now the second best performing company that I'm currently holding. The best is a company (Resource Pacific RSP) I only bought 14 days ago. Earlier this week a take over was announced and their share value went through the roof. It has actually gone up 42% in only 14 days. That works out to 1095% annually which is a bit better than the banks 6.8%! I've sold half to grab the profit and will hold the other half to see if it goes any higher.
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