Posts Tagged ‘Petrofac’

This is the hardest question ever. Let’s say you have a share that has done 20% in less than a month. You think this is a nice profit I should bank it. But on the other hand you don’t want to be the fool that sells the share moment before it takes off.

On Dec 10 I’ve bought Petrofac at 319. On Jan 05 the share price was 380 and I thought it is a good time to sell. After all almost 20% in a month is not bad. I was wrong. Look at the price now 591! almost double from where I bought it.

So what happened? I didn’t do my research right. To be honest I bought it through a tip (a good one I have to say) but I didn’t check the company and I didn’t know much about it. This is a big mistake. You should always know everything you can about share you want to buy or have. Then you can judge by yourself if the share can gain more or reached the peek.

It is a good lesson to learn. With Dana Petroleum I did my research and although I have 20% profit I am still holding the share because I think it has more into it.