We purchased a third position in ROC today at 3.94. Although the price has run up recently while we have been analysing this share, we used patience to buy at 3.94, as we decided to buy when the price was over four dollars.
This position is to establish our interest in the stock and represents a 1/3 of what we currently consider a full position. In many circumstances we will even buy more of a company than a full position, for example we see great value, options trading necessitates a larger position, in established companies with long track records which we are very comfortable holding for 5-20 years.
Buy 1000 ROC at 3.94
Fund currently looking at NAB, MMA, BPC and we have pre-registered for Snowy Hydro.
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