Tuesday, March 03, 2009
SHARES AND SHARES
My shares continue to be an absolute pain and this weeks drops take me to -40odd% which aint good. I got out of 1 just in time as well at a profit, had i not I would now be -60%.
Anyway I decided to just forget about them and leave them as busto or recover long term. Barclays remains my biggest investment and if they could prove no write offs needed it is hugely undervalued with a market cap equivalent to only a few years profits.
Anyway whats the point of the above - basically I have decided to spend any poker winnings on something enjoyable - hence took 5K from roll and paid 2.5K on mortgage and using other 2.5K to buy small shares in a couple of horses. Last night i purchased my 1st ever share in a potential jumper (ran in 4 NH flat races) and is pictured and is named General Calibou - basically looks like it needs a slog already so lets hope we have so more bad weather.
I am also going to invest in a small share in cheap two year old with Haslam again via the breeze sales. Intention would be to sell after 1 year and hopefully take advantage of the £10K added to any maiden winners that are bought at breeze up this year. Even a claiming or seller win is worth £5K added so a hopeful punt.