Our purchase of Compass (cpg) on the 27th November (at424p) was linked to a target price of 470p; a +10.8% move which would create a return of +100% of the deposit on a CFD trade.
But this market seems to keep wanting to play with us, if not to annoy us, with its seeming intransigence because yesterday it climbed again and, as we held our breath waiting for the trade to be closed on our target price, …it reached 469.9p before dropping back just before the market close!!!
Annoying or what. Ah well, perhaps today. The main point is that the dominant trend is up and so higher prices should continue to show and our exit stop is above the entry price so we should be in a ‘no-lose’ situation.
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