Tasman , It actually applies to day,short or long term, it all...

Tasman ,
It actually applies to day,short or long term, it all depends on the who i am investing in , with the profits from KNL i have bought into 2 other companies that i am going long on , thats over 12 months for me , BUT as you would be well aware with any company in the ASX things can go pair shaped very quickly so i have an exit plan in place. its all about protecting your capital.
Im not saying my way of trading is perfect and everyone should listen to my ramblings , its more about protecting yourself in this market that is changing dramatically.