Friday, November 10, 2006

Closing the BT long before results tomorrow:

Sold the balance of my British Telecom long. Stock has had a great run, up from ~220p when I first bought it, to 290p now. I had originally bought £200/penny (so £44,000 of stock), had sold £100/penny at ~270, and sold the balance today with the stock a little above 290p.
£14,153 in the bank. Sweeeeeeet.
Results out tomorrow, think its 9-month revenues, looks like they'll only be a little up on last year, so not sure the catalyst is there for a massive re-rating higher of the stock. Happy to take my money out for now.
US stocks....they kill me! Surely they gotta go down some time soon??? This credit bubble is becoming farcical.


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