May need to sell Novera March 21, 2006
Posted by CamdenKiwi in : Investing, Little Green Portfolio , trackbackThe three environmental stocks I bought a few weeks ago are proving to be a mixed bag.
Straight Plc is fine, and I'm just back into profit. Renewable Energy Holdings is doing okay, but poor old Novera seems to be having a tough time. They just posted news that they'd decided to move their planning application for their East London energy from waste facility from the local council to a different body, indicating that they're having problems getting planning permission through. Their shares have fallen about 15% since I bought them, and are coming perilously close to my loss limit of 20%.
I do intend to be a 'buy and hold' investor, but I'm very conscious that all the books and advice seems to be that one of the most important aspects of making money in the stock market is to minimise losses. If Novera does drop further, it's out the door for me.
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