Seanmorr,The market determines price not me. At present I am...

Seanmorr,
The market determines price not me. At present I am every wary of the total market not just CER. I can't see any logic in holding large quantities of stock if I am expecting the overall market to possibly go lower. Spare cash on the sidelines can be used to buy stocks at cheaper prices. I bet there are plenty of Blue chip holders who now regret not having sold BHP at $45 plus, CBA $55 plus, AIO $6 plus etc & claim to be long term investors.
CER certainly does have hugely discounted assets at present but at present I elect not to hold on the basis I may be able to buy them at a cheaper price.
If long term holders choose to sit & hold I have no problems with that, every investor/trader has to develop their own unique style & copying someone else without research is a very poor method.
As you would appreciate I am not influenced by HC comments either positive or negative on a stock but do my own research & take responsiblity for my own investment decisions.
Regards
Buffett