I often stay up late and watch cnbc and bloomberg on my foxtel and last night i saw copper and to a lesser extent gold sell off in the early part of US trade and thought to myself copper looks weak . So sold half my holding of OZL at 9.46 sometime during early trade this morning ,and also sold about 25 per cent of my RSG shares at 1.36,both for good profits with the plan to buy lower. My decision on OZL was vindicated and checking copper tonight it looks like it is heading lower again, but gold is heading up again, so whilst i made a good call on OZL , i probably made a bad call on RSG, and it goes to say commodity prices are hard to pick. But if i get a gut feel i go for it anyway.
Christopher
OZL Price at posting:
$9.38 Sentiment: Hold Disclosure: Held