Patrick's Rants



5/5/2014

Done – EGY Closeout

Filed under: Money,Stocks — site admin @ 8:44 pm

EGY finally hit 8.99 on 04/21/2014. Purchase price was 7.55 on 3/22/2013. Total purchase amount was $1142.49 total sale was $1338.48. Simple ROI 17.15% and annual return works out to 15.75%.
So was the purchase worth it? An annual return of almost 16% is not bad but my cash was tied up for a year. There might have been some opportunity costs along the way. This does show that even though I could have cut my losses, believing in the chart and the fundamentals of the company does work out. Of course the results are different from my experience with Advanced Battery (ABAT) but with ABAT, there were indications that some very shady accounting was going on over there in China. I think I wanted to believe that gel lithium ion batteries were a much bigger part of the economy than they really are.


Do your own research, no investment recommendations here, just entertainment and educational value – one hopes

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