CapMan was trading lower today so decided so sell my tiny position on Hexagon Composites and bought CapMan as replacement. Hexagon position was really small starter position which I hadn’t managed to build up. It was really unlikely that I would be able to build that position in coming months so this move made sense to me given the valuation CapMan had. I bought additional 100 shares for 2.40 EUR per share. Hexagon Composites was very much secondary position and overall I think that I might end up exiting the whole sector during this year or next as I expect eventual buy out for NEL.
Corona is spreading all around the world and stocks took a nose dive as a result. I was building a position on CapMan but stock price went up before I was able to complete the position. Now with corona induced drop I decided to continue and bought additional 230 shares for 2,51 EUR per share. This is a balancing act as we could be headed towards a major drop instead of mild correction seen so far. Therefore I’d like to keep decent amount of ammunition available but don’t want to sit out completely.