09 August 2012

Confessions of an unjustified sinner

OK, I admit it.  Buoyed up by the success of the GB Olympic cycle team and expecting a rush on the purchase of bicycles throughout the UK, and notwithstanding my calvinistic background and despite the birling sound as my departed mother spins around in her grave, I have bought some shares in Halfords.  They cost me about 222 pence each this morning.  By this evening, they had reached the dizzy heights of 224.6 pence per share.  But they'll need to be knocking on 240 pence in order for me to cover the commission and stamp duty as well as my expected 5% turn.  We'll see.

I'll let you know how I get on.

For the record, the price of shares can go down as well as up.  And given my track record, do not follow my example ...

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