sold my iron ore stocks RIO & FMG not much more than 1 trading...

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    sold my iron ore stocks RIO & FMG not much more than 1 trading day after buying long.
    reason - the very sharp upward moves of the previous 3 trading days did not happen again today so after 3 hours today I sold.

    reason - nervous that the sharp turn about of the previous 3 trading days would not turn into an upward trend.
    US indices o/night slightly lower. perhaps something to do with this.

    a good thing in a way as there was further news of the slowing chinese economy, plus iron ore spot now down to to US$137.50.

    GK.
 
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