Stocks went down today mostly because of the North Korean missile experiments. I took the opportunity to deploy some of the cash from the sale of Scorpio Tankers back to market in the form of Sampo Plc. I bought additional 12 shares for 43,70 EUR per share. Mentally this might be considered as the maintenance purchase for September but let’s see what the market has in store for us as this could the beginning of mid sized correction.
I’m also looking at couple of companies I might be interested in. First of all I’m waiting for a pullback in NEL Hydrogen to open a very long position on it. Really interesting sector to be involved in as energy and transportation sectors are transforming to something new. Second company on my list is Apple Inc. Valuation seems to be quite reasonable given the size of the company and phase of the overall market. If the stars align correctly and there’s no market meltdown nor unexpected product and delivery problems, I don’t see why the stock would reach for the 200 USD per share valuation during the first half of 2018.