Tuesday, 3 February 2009

Petrofac - filled 398p

I just got filled at 398p on my order for 247 shares. I'm happy with this price at the moment and as stated my profit target is simply a 10pc return which I think is achieveable in the next 2-3 weeks.

Thinking about it all i need to do is find 2 of these plays a week at the same level and that for me (I generally do not more than 1k per trade is 800 quid) Combine this with a bit of range playing and the beautiful effects of compounding and there is no reason why a year from now that could not provide a full time solid income for me to live off.

Having said that, do you really think it is ever that easy? That's assuming everything always goes to plan (it doesn't!)

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