I sold a third of my portfolio on friday a third on monday and a third on tuesday. I have lost 50% of what i had made this year. I am sitting on 100% cash at the moment and as I say i feel so relieved........I had been trading oxr,lhg,zfx,wpl,bhp,rio,awc,aqp,pdn and a few speccies. This situation looks ugly.If u have got profit in oxr,zfx and lhg i suggest u take the profit now while u can.
zfx has gone from 2.70 to 13.54 in 12 months
oxr has gone from 0.80 to 3.82 in 12 months
lhg has gone from 1.00 to 3.64 in 12 months
lhg is trading on a pe ratio of 96 as of yesterday's close
which is madness
look i hope i am wrong for the sake of everyone who are still holding the stocks but lhg and the ox look like they going down to about 2.30
i plan to sit on the sidelines and wait even if i miss 50% of the next rally. I prefer to lock in profits as opposed to losing profits and miss any potential upside.
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oxiana limited
i have not felt this relieved in years
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