afternoon repeat, page-88

Top post baukaw, no tu shows the forum level

Westcott valuations go trough cycles, as do sectors, clinging to the past is a huge investing mistake

In resources often valuations are higher during the euphoria of possibilities and the exploration stage, valuations often get crunched when the spec money moves on, the hot air leaves and the fact we have a 5b dollar capex looming. Sometimes reality crunches share valuations and often the best time to leave is when the hot money is clamouring

I've learnt some good lessons here as we all have no doubt