Not to be greedy, I transferred a chunk of my appreciated MSB (over 25% since mid-Nov) to my daughters memorial scholarship. Sorry Obama, you're not getting ANY capital gains from this dude!
with this reversal in commodities who knows what happens but even though I sold all of my mesabi I continue to hold a large position in commodities so if they tank I can't pound my chest with joy because I sold mesabi - I am still very highly at risk for any big drop in the commodity sector......but I don't see that happening YET. We must all keep a keen eye on our vulnerability to greed......but also not allow fear to rule your decision process as that is just dangerous. My little bsic// was up again but we need news there to keep driving it higher - I have a large position there now. We shall see what happens. I see the market rising into spring with a sharp drop in April/May time period. Boolean.
If you look at the charts, the price/share is going through the roof and the volumes are spiking like crazy. MSB is the very definition of "asset bubble". There will be a panic selloff and you can buy back in at more reasonable levels.
the bus may roll on as commodities are looking good but I have learned over 30 years of investing that you don't believe the hype - you don't love a stock - you don't think you are the smartest person in the world because you were lucky enough to hold a stock that went up strong and you don't lose money by selling huge winners........and - the object of investing is to buy low and sell high and not to be able to buy at the lowest and sell at the highest......it doesn't work that way.
I continue to hold massive amounts of gold/silver/oil/gas/palladium/etc so I am not out of commodities - also other etf plays of the same. But I like to reposition money to lower risk plays where they have not moved......say like supreme industries on the amex. also looking again as cisco and amat which are beat up bad.....got some ge on a recent drop both for the lower price and dividend. You will see I called the rise of this market on the harley davidson board and fully expect the market to collapse by may/june of 2011. also look at bsic//// a small fry oil gas - use only limit orders on any of these plays.........I DO and I hold a solid position in all of these.