Going long on VBA, current positions
by, 4th-September-2007 at 08:27 PM (2628 Views)
VBA (Virgin Blue Airlines) recently announced a 97% jump in profit, I think its a well managed company, with a low P/E of 10, I think the share price has corrected enough to warrant a buy.
Going long on the open tomorrow, with stops at 1.75ish.
I currently hold Rio Tinto as a long-term investment. I believe taking Alcan was a very good move, the drop in earnings was just a blip, Rio still has tonnes of projects and earnings potential.
I also sold off shares today:
CTX: Bought at $22, $23, $24 - dumped at $24.40.
BNB: Bought at $19, $20, $21 - dumped at $24.25.
DJS: Bought at $5 - dumped at $5.25
RMD: Bought at $5.20 - stopped out at $4.99
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