well Paps, 1.18 was my stop loss, but I broke the golden rule...

well Paps, 1.18 was my stop loss, but I broke the golden rule and didn't sell. Looks like I am emotionally involved in the stock so not selling at my stop loss is the same as a buy in my book. Fundamentals are too good so I have now mentally transferred this one into my long term portfolio and will ride out the storm.

I think you right in that this new tax is causing some concern. Most resource stocks had a dull day today and I am guessing that is the cause. Gov needs to be careful not to depress the major growth industry by taxing it too early but Mr Rudd is struggling at the moment and needs cash to buy votes at the next election.

Enjoy the long weekend and lets see what the Dow can produce for us by Tuesday.