Topping Up

Well how lucky was I? After selling off my Telit shares the other day, a trading statement is out that announces despite margins lowering due to lowersale prices, sales are up and trending upwards nicely. This is not great news and the share price fell 25% as a result with the expectation that they'll underperform for the year. Well this does not bother me seeing as I sold out and think at a 25% discount this is well worth getting back in on - a great company that will do well. So much so that I have bought another 1k of them. This is now my most profitable stock to date since I started recording so I have high hopes to pick up some more cash from this deal.

While in top up mode I managed to purchase some more SYNC at 2.75. I am due to meet the Synchronica CEO at an upcoming Proactive seminar and have plenty of questions for him and his plans for bringing the company to hopeful profitability for year end. So i have 2.5k exposure to them now at an average price of just under 3p a share...!