Petrel Resources - moderated discussion/research part II
pixi - Fri, 23 Dec 05 :
I was very fortunate to get yesterday's closing price at 5597 when I ejected from the Ftse into Sterling. I am now up over 20% on the year, which is not good considering the market has increased by 15%. However, I now have a secret weapon to trade with: a strategy! I have added a spreadbetting account to my armory to take advantage of any short-term situations, while my main pot is in cash.
I think the market is toppy and needs to come down before girding its loins to reach 6000. This should happen in January. It could come down to 5200.
Petrel should do well next year. I am happy holding six figures.
