Well put Burntgamber.I am suffering as well but at least reduced...

Well put Burntgamber.
I am suffering as well but at least reduced my holding in the low 20's. Still have too many!
What I AM DOING, is shorting the iron ore Co's (RIO, FMG) and one of the large Banks (NAB),anyone will do.

I had forgotten what making a profit was all about. I exited this morning (only got in last week) as I had made $3,998 profit on an outlay of $8,480. Now I realise I should have kept the PUT Options as they don't expire until 27/9. Still, better than a slap in the belly with a wet fish.

It's mentally quite an adjustment to make in your trading psychy.

Hoping for a weak rally tonight so I can get back in. Most of the iron ore and coal Co's are at 12 month lows now but the Banks are well worth a punt as Europe and LIBOR and the unknown skullduggery goes on. Our top 4 Banks DO have exposure and Oz will have its own problems.

So forget NKP and try something different. If anything comes of NKP, we will hear about it. Put it out of your mind.....the Directors seem to be taking that approach.
Good luck to us mugs.