was i right in selling?, page-7

Hi Bernard99,
Were you right in selling at $4.50?

Only you can answer that question. We all have different circumstances/aspirations/needs.

rmkpro sold out to venture into the Melbourne real estate market. Other long term holders no doubt sold out for their own reasons.

I am very happy to hold at the moment. My moving stop loss is set at 90% of the current high but I will sell if the market begins to slide.

BCI has been very good to me and, until I find another company with better potential, I will remain a shareholder.

I am confident that the next move management makes will be well thought out and very profitable. I like Morgan's attitude re acquisitions. He has stated that unless the right deal comes along, the money will either remain in the bank or be paid out as dividends. No pissing it up against the wall by this lot.

Will the selling price continue to rise?
Well if the price of iron ore remains around $130 AND the high dividend rate continues AND management continue making good investments AND the djia doesn't tank, then it probably will.

Just my thoughts.

Even though you are no longer a shareholder your thoughts & observations will always be welcome.
The same goes for you Chelks.