ASX newbie

It turned out to be  a busy day one way and another.

I sold MPO  at 4.9 and promptly bought into APG  at .067 by end of day trading it had gone up by 8.96% to reach 7.3 , on a turnover of 9.9 million.

 Don’t you love it when your stock picking criteria is spot on?

There are still more buyers than sellers and this trade has the makings of being very profitable over a small period of time.

Incidentally I noticed that MPO went backwards today so I feel vindicated in selling them.

While we are talking profit  AUZ has gone up again since I sold. I know I reached my target profit when I sold, but you still think “if only” I had stayed in longer.

I have learnt that to be greedy can be fatal and to take the money while you can if you have reached your goal. To linger, often sees the stock go backwards in a hurry.and then you don’t make as much.

Another stock that I fancy is LEG but will have to wait till something sells first.

I also have AEX for sale and that is creeping very slowly upwards towards my exit point.

Some news on their uranium results of their drilling cores is being assayed at the moment. So am waiting impatiently for the news to break very soon. Then you will see good movement upwards.

You always seem to be waiting for things to happen to get the results you want to achieve and even then there are no guarantees.