Monday, January 23, 2006

To sell or not to sell

Today's Headlines "NBO reports best ever net profit @ RO 20.3 million"I have been waiting for the longest time to hear something like this.

I bought NBO shares back in 1997 when everything was supposedly flourishing and when everything shortly after that crashed in the market. I kept a close eye on the the share price this year and a sharp increase was evidenced between Jan and Jun, it then dropped again and now it's back up at the same price it was in June during 2005.

The NIAT for 2005 is very impressive if we look back at 2003 and 2004.

My question is: shall I sell my shares or shall I wait? will it get any better or will greed lead my hopes to a demise?

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