Sunday, 15 March 2009

Centamin Egypt - Update

Despite gold gaining $30 last week, Centamin Egypt chopped between 48 & 52. There's been no material news on the company in the last couple of weeks, so I'll continue to hold my long position, which is currently down .25%

This type of 'longer term' investment does require a different mind set to the one I have developed around my day and short-term swing trading. I'm used to checking my positions at least 3 or 4 times a day, but that's really not a good habit to get into when you are looking to hold a position for at least a couple of months!

The graph below, shows a potential Bull Flag. Lets wait and see.

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