Thursday, March 4, 2010

Bye Bye Peugeot

By now I have sold Peugeot again. With more than 7% return in 3 days I thought it's better to secure what I got so far.
And here comes a very important fact about trading: It's almost impossible to buy at the cheapest possible price and sell at the highest. Trust me - been there, done that (or rather tried that).
As I follow how the stock went I see that I could have sold it for even more than I got, but hey that's trading. As long as you go out with a profit, you've done everything right.
Besides 7% in 3 days? Put that in your pipe and smoke it, dear fund managers!

However, this does leave me with another problem: Where to invest now!?
Hmm...

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