MOL 0.00% 6.9¢ moly mines limited

long term hold, page-8

  1. 599 Posts.
    few months back i mentioned i bought in at 35.5c as a long term hold..

    however, i decided to protect capital on a fear of a possible US dollar crash, possible worsening economy for the first half of 2009 (manufacturing down, unemployment drastic with millions of jobs lost around the world; multiplier effect, wars, thousands of retails outlets to close in America etc), effect and who knows a possiblity of retailation on Isreal assets around the world as a result of the Gaza attacks.

    2009 is where the crash of 2008 could get personal; sucides etc... playing safe, sold today on the high.

    All the best to all holders! wish you all well and for a better year ahead.

    MOL has alot of potential, will re-enter when i see more positive signs... baltic etc, early days...

    LM
 
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