Hi Aka,
Not raining on your parade, or being snipey, but I should have been clearer. Its cognitive dissonance. Saying you believe it will go up long term but hoping it will go lower in the short term after a decision to not hold any shares does put a significant crimp in objectivitiy, and yes the same applies to my objectivity who is long, but I have no dissonance, believing one thing and hoping another.
At this stage, and there has been no mining related announcement for ages, infrastructure yes, but nothing mining wise, and after a big run which must have attracted some attention around the city, means its risky not to be in.
I could have understood lightening up by 50% but 100% is a seriously big commitment, especially after holding for so long. Who knows we might both be right.
FWIW, the August event hit me 50% like others, but I did use the opportunity to buy in the super fund, it has done well. But I was looking at 100% gains potentially, and they came true in the super fund decision. But in your decision its a potentially 10-12% gain or zero, or a gap if you have to get in above your sale price. Nothing like buying when it was $2.20.
I guess we have slightly different ideas about balanced judgement and weightings. I still think a 50% re-adjustment would have made more balanced sense.
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