the richest man in atherstone

Well, I went ahead an did it. I've bought 100 shares in PlusNet at £2.62 per share. For some reason, shares are referred to in their value of pence (262p in this case). Maybe I should find out why....

Over the course of the day, I've seen the share price drop to £2.58 per share so I've lost money already. No wonder people pay professionals to pick stocks for them!

I keep telling myself that I was in for the long haul. I think it wouldn't be fair to make comparisons until I've held the stock for 12 months as per the original plan. Over the next year or so, I expect one of the following to happen:

• Plusnet go bust due to pressure from competition
• Plusnet do well and their share price goes up
• Plusnet are bought out by either TalkTalk or another big telecoms provider

Of the three I expect the final option to be the most likely. Time will tell if I am right or wrong....