Monday, 10 December 2012
Catlin, Hiscox and the Hurricane Katrina fallout
Well after my previous post regarding Catlin and Hiscox and the effects that Hurricane Katrina would potentially have on the stock price it seem as though they the fears were fairly short lived. The stock price did dip temporarily but it was not for very long at all. Whilst the price almost stroked my stop loss fortunately it was never triggered and my position was held. Since then the stock price has risen around 10% which is nice. I'll leave the stop loss in place for Catlin and Hiscox in case they take a dive as and when the actual losses and the effect of Hurricane Katrina are released otherwise I shall continue to hold.
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