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.