‘Buy now’ is not really a sensible thing to do as we could fall 10% more in the next few days.
However we might not and when a stock looks right you should buy regardless.
This has caused me to buy Flybe, which I suppose is a very risky buy. Airlines go bust all the time, such as the likes of Silverjet, but Flybe fits the criteria so I’m in.
I’ve determined to hang on in if I’m sat of fat profits and buy even during a slump. I’m really being very contrarian!
I picked up another dollop of Mothercare. I like today’s statement and the chart looks good to me. It’s a long term play though.
I really do want to buy more Trinity Mirror but I’m maxed out on my portfolio allocation. Darn! I shall grin and bear it.
Meanwhile, away from sensible investing my Euro position is looking fine and dandy.
The cliff hanger is Cable and Wireless; can this takeover really go pear shaped?
Of course anything can, but it would be a pain if this did. I’m accidentallydoing a classic merger arb here, let’s hope it doesn’t end up going sour. The market is so full of perversity at the moment the chances seem high that it might.
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