Have sold 20 percent of my stake at 105 a while ago and moved it to resources stocks. As we get deeper into the cycle will gradually sell down another 30 per cent and look for more defensive plays or hold in cash for the right opportunity.
Now whether the correction in feb means it has a way to run before next downturn who knows ,but gut feel it wont fall again until the US markets start looking expensive again .
Have sold 20 percent of my stake at 105 a while ago and moved it...
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