Wednesday 21 February 2007

Have I got any energy left?

Well, after the excitement of last weeks price drop to 385p it has now recovered to 410p.

I am disappointed as I was so close to my exit point of 22p. The closest it came was 18p. With hindsight, I should have sold off a few more at this price and waited for another downturn to sell the rest.

This would have increased my breakeven point but at least I would be sitting on about 60% of my original funds as opposed to 30% now.

I have used this technique of buying/selling in stages before and it works well and is one way of coping with randomness of share movements.

Of course, the share price could fall further from now but time is running out. Can I recover in time ?

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