Opportunities are Approaching Nicely
When both investing and trading, a number of factors come into play, but two simple scenarios are identifying an excellent company ahead of the market and secondly identifying the correct price to pay for an excellent company. Our activity in Commonwealth Bank (CBA) this year falls clearly into category two, as we exited the stock around the $95 level and have so far enjoyed the 16% correction back to the $81 level – see chart 2b. Patience looks like it may well pay off in coming days / weeks as the stock enters my initial target area and I am likely to purchase 1/3 - 1/2 of my potential ultimate holding. (VIEW LINK)
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