Monday, July 27, 2009

Luk Fook - purchased and sold

This morning I placed an order to buy Luk Fook (590). As the stock is relatively thinly traded I placed a limit on my order which was partially filled at $3.96. The stock then jumped above $4.00 which I was not interested in paying. Rather than be left holding and monitoring a small position, I elected to sell the small number of shares purchased at $4.05. Net of transaction costs, the very small profit taken will buy mr and mrs traineeinvestor a nice dinner in a good restaurant.

And yes, you do have to be careful when pronouncing the name of the company.

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