nine lives where are you , page-2

thirsty, firstly trust me, I ain't no guru. Secondly I am going to give you an honest answer and you may not like it. I have gone over 80% into cash over the last 2 trading days. I have discussed that descion on the asx forum but not so much here. Some things I have sold out of completely for now but SXP I have kept a small holding for it's long term value. This decision is nothing against any of the stocks I hold/held but the market can be an irrational place. I see potential for another plunge yet. It will have nothing to do with the excellent potential of SXP but more to do with scarey market conditions.

This is a safety issue for me. I have been around long enough now to have experienced that very unpleasant experience of going down with the ship. But when things stabilize SXP will be one of the first stocks I come back into.