Just wanted to provide a quick update..
Sold out of CTCM around July 17 after the downing of MH17. Despite the initial drop that followed the news, we still had a pretty decent gain. And it looks like I made the correct call. Things have continued to escalate and the stock has continued to drop - now falling below $10. With everything that is going on, I dont feel comfortable buying back into it now. When it was first purchased, I felt fairly comfortable that sanctions wouldnt be levied on CTC, but as Putin continues to agitate, I can't write it off. I'm going to continue monitoring the company as I feel it is at bargain prices, but until things start to settle I will refrain from purchase.
No new buys lately - my main project has been to compile a list of companies/industries worth studying and just going down from A-Z learning as much as possible about the dynamics of the industry, business models, etc. I feel that will aid my knowledge and investing more than any textbook, and I will (hopefully) find companies worth investing in along the way.
I'll post updates as they come, happy investing!
Ben
