Performance 
Today we sold our holding of 82 shares in Synergy Health PLC (SYR.L) for £5.8730 a share, netting us a total return of £481.59 before costs.
We got on board with Synergy Health back in mid-July of this year at £5.0800 a share. In 3 and a half months we’ve made 79.3 pence per share – a 13.5% gain.
Our reasons for selling? A simple case of opportunity cost. Again, we see Synergy Health as a good long term hold. None of the reasons why we purchased Synergy back in July have changed. Its a case of having finite wealth and best managing its spread.
Our strategy in the short term, is to build up a little cash with a view of upping our holdings in Renesola when it turns. As I mentioned yesterday, that time may be fast approaching (as I type SOLA.L is changing hands around the 120 pence mark, during it’s darkest days it dipped to 80 pence). When it does bottom out, we’ll be ready with a little more capital to invest! Long term I’m still a huge fan of Renesola and if the market lets me have it for under a quid, I’ll be all smiles.
Thanks again for dropping by!
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Comments
Posted On
Oct 27, 2009Posted By
markRed across the board today, these are the days that make me a bit jittery, but have to keep reminding myself not to panic… do you use any automatic stop loss or limit order tactics ?
Posted On
Oct 28, 2009Posted By
PaulHi Mark, no, never been a stop loss user. If you have the discipline I think its great practice. I tend to have a couple of figures floating about in my head but in rapidly adjusting markets these too can change daily.
A sea of red again today I notice. The optimist in me sees some buying opps just around the corner