LMI – Lonmin – bailed out

For the record, I bailed out on the market’s reaction to Lonmin’s results today. That’s one bullet I didn’t dodge. I must say, the market seems to be in punishment mode for companies that disappoint.

I bought early this year at 150p, and sold early today at 155p Inc. all costs). That’s a gain of a little over 3%, which is not great, but on the other hand hardly disasterous for a period of less than a month.

Shares currently down 20% to 141p. I bailed out when they were about 11% down, which I took as a sign to abandon ship. Investing, it’s not easy, is it?

Stay safe out there.




About mcturra2000

Computer programmer living in Scotland.
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