Wednesday, December 02, 2009
TASE is almost back to its pre-crisis level and I am making back my paper losses. The graph shows TASE 25 index in the last 5 years, we are now about 12% under the best times. Yet, I am still 35% down on my European shares fund. What makes me furious is my daily checking of BAZAN, the Haifa Oil Refinery. After I became convinced that the refinery business was dead, I sold all my BAZAN stock and bought BEZEQ, the largest phone company here. For some mysterious reason BAZAN is rising, while BEZEQ is oscillating around the point of my entry. Pfuia !