|
Thursday, 24 May 2007 |
|
I said I would give the odd update on my share trading. So far it's going very well. I'm holding shares in five companies at the moment and have sold twice. I've made almost $1000 profit on the stock that I sold which is pretty good after only one month and I'm another $1000 up on the stock that I'm still holding. I didn't want to mention companies because I don't want anyone to go out and buy shares just because I did, but I have to mention AUZ (Australian Mines). I bought in at 12.5 cents and it's currently trading at 19 cents. Thats like a %50 increase in only a week. The day after I bought in they announced that they had purchsed another mining company, and then a few days later they announced that they had confirmed a huge amount of nickle in an existing mine. Metal prices are really high so their shares went through the roof. I sold half to grab the profit, but still hold the other half. I find it kind of odd that I'm making money from a mining company that is producing nickle that will make it's way into goods that will wear out and die and end up in my dads scrap metal yard where he will make money from it! Bradley has become really interested in this whole share market thing and seems to have a really good understanding of it. I hope thats a good thing!
|
