I resisted the temptation to sell stuff at the moment, partly because my e.trade wasn't working well, partly because the fundumentals don't point to more of a correction at the moment but most importantly because my portfolio follows order books and upcoming production developments.
Could have sold NMS but why? Like BDL their workload is increasing regardless of market swings. Ditto with AGS and ALK (soon to be priced as producers). And all CTO needs to do is achieve a production target (the goldies will do well when the USD tanks in any case).
BDL is a big part of may small portfolio and the SP is now just ASL SP derivative. I forsee a reasonable to good upside with an increased (balance sheet) capacity to deal with the market dips.
Many equities are IMO way over priced but those which are not will recover reasonably quickly from market dips (and collapses). Mr Market is IMO as thick as they come and a rollercoaster ride is a prerequisite for the reassessment and repricing of subsector risk. My view is that BDL/ASL have a faily good capacity ride out whatever comes IF global production volumes remain good.
