Diary of investor

watching the nice rise over the summer was good. and that nice down the last month i do not like at all. the sad thing is no time to watch the market during the day. and the decision to keep, not to sell. well, nice decision. a month ago my porfolio was bigger for one thousand euro...

watching only the downs for the last few weeks. portfolio went to down from 38percent plus to 23. a lot, aches the heart watching. the main parts of it - lifosa and oil mazeikiai were going down. the good news - the last two days aiming for up. good news - there is some hope and better news in mazeikiai stock option with jukos. not sure about the end of it, the governemt is discussing the law of selling at the moment. to tell the truth, watching the price and earnings - i think it is still much undervaluated, and the price could go untill 20litas with no problem. the profit is so high... the taxes mazeikiai pay makes the lion part of domestic product in lithuania.. sometimes i think that really should change the title of blog "trading mistakes" or "do not trade like this". not going to tell about some sells and buys of last week. maybe some day later :)

well, golden rule of diversification. never have one stock - have a few and minimise your risk.. about 30percent of portfolio have in mazeikiai oil, mnf1l, and when it moves up or down - that it is clearly seen in my portfolio. watching the day trades - at the moment minus 3percent today - ups, so much. in the long perspective of course it does not matter such switches. now, when there is so uncertainty about governement, bying and selling the mazeikiai big part option, should see moves of prices. of course, aiming for up. the sad thing is that now the market price is over 12litas, when they are going to sell for 7litas. that effects the traders i guess.