December 27, 2010
In their December 18th edition, The Week (after being tipped by The Daily Telegraph in mid-October) named Petra Diamonds their top share, up 82.05%. At Takimag Sharewatch, we had spotted Petra in early September, and today the stock is up a massive 110%”a fantastic result.
Nor have our other stocks disappointed.
Aquarius Platinum, tipped on September 7th at 306p, is currently 374p”up 22%.
Kenmare Resources, tipped on September 28th at 19p, is currently 27.08p”up 42.5%.
Petropavlovsk, tipped on November 2nd at 939p, is currently 1115p”up 18.74%.
When to cash in? It is always easier to buy stocks than to sell them. It used to be called greed. Timing is everything, but it’s worth remembering the legendary adage, “I always sold too soon.”
Next week I leave with Gimlet for Guinea to reconnoiter what might be our opening tip for 2011. So watch this space next week!
Maintaining our 2010 record will be tough, but in the words Shakespeare ascribed to Brutus:
There is a tide in the affairs of men.
Which, taken at the flood, leads on to fortune….
Our final Christmas hymn is “Onward Christian Soldiers,” after which we can listen to the pope’s broadcast where he highlights some of the controversies afflicting his rotten church instead of apologizing for screwing up London’s traffic last September.