SXL Time to Accumulate, page-631

very smart selling out of SWM on the day of the announcement, I was too slow, I exited 30% of the position in SWM, should have done 100% like you.
The only difference, look at how SWM is managing its affairs, better than SXL (from a company management point of view).
I have now exited OML due to the nice share price increase.

Totally out of SXL, small position on A1N.

Protect one's capital.

Sometimes better to shrink, be a small target, but have one's capital safe. Worst case, miss an upside, but still better than blowing up one's capital.

Guess I am loosing confidence in old school media sector for the moment.