Yesterday I took advantage (I hope) of weak pricing for one of my favourite small caps and bought some more. So far so good: no sign of any buyer’s remorse although at the time of writing the market hasn’t opened and I see the SPIs are down 90pts after more excitement overseas. I may be singing a different tune this afternoon!
The fundamentals of this particular company are excellent and my weighted average entry price is well below my valuation so even if it sinks further I’m quite happy to buy more and wait it out. The half year result last month gave all the indications they are on the right track, financially and operationally. Wish me luck.
1 comment:
Any hope of giving us a hint?!? :o)
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