mcp down, does mean today lyc up?, page-80

"Seriously I'm trying to understand your rationale, it intrigues me"

It is easy to understand the rationale. It works like this:

Each day is a new day. You start the day holding stocks at the last days price. You then decide if you should hold on to those stocks at that value. (fundamentally) If the answer is yes then you hold if it is not then you sell. Simple. The complication comes when you do not have all the information or you have incorrect information eg "on time and on budget".

There has never been a day in the life of LYC that said SELL on the basis of the facts available. There still isnt. In my case the tax situation says "avail yourself of considerable tax loss available with LYC which is probably greater than any likely short term increase. I'll hedge bets by selling half and holding half. News from LYC or my mole may alter that decision. I'll review daily on the basis of the situation at the time.

Thats rationale as seen by Nursery.