EXS 0.00% 26.0¢ exco resources limited

I bought at 20.5 just a couple of weeks ago on news of the...

  1. 62 Posts.
    I bought at 20.5 just a couple of weeks ago on news of the original takeover offer. It was just a quick little speculation on an increased offer, almost an impulse buy, and I was happy to sell on the open today for 26c. (As always with a win, I wished I'd punted a larger sum.)

    In the meantime, I found out a bit more about the company (as you do - there is nothing like owning a bit of a company to motivate you to read the reports!) and decided I liked being in copper. Although I bought for the quick trade, I actually wouldn't have minded if the offer had fallen through; it seemed like a good company for my more usual buy and hold policy.

    Anyway, like others here, I'll be keeping an eye out for an alternative company with similar characteristics. Copper strikes me as a good thing to be in at present.
 
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