I Missed It! The 27.27% Rise of ADI. Did You Miss It?

August 23rd, 2007

Just yesterday I spoke about an opportunity in Adriana Resources [TSX Venture: ADI]. The stock closed yesterday at $0.80. Today? $1.10! That is a 27.27% rise in one day. Not bad! At $1.10, the stock price is back up to the range where I had been purchasing many months ago. I was going to use this recent pull back in the stock price to average down on the average price paid for the shares. Unfortunately, I missed the chance to get some shares on the cheap. I hate when that happens.

I still think that this may be a great opportunity to pick up some shares, even at $1.10. It just irks me to know that I could have got some shares much cheaper, and I actually meant to! It wasn’t JUST talk; I was going to purchase some. I just missed a 30% rise and that bothers me knowing that I actually follow this stock. That is three years worth of ~10% gains… Even at $1.10 I think this is a good investment (though obviously not as good).

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