Portfolio Insurance

ALF's mandate to go short when market conditions suggest provides a part of the protection I need (along with AJD (its under a t/o with the buyer setting a sp floor of $1.87, a bit of gold, and WAX for its long divvy coverage).

This insurance premise also comes with an imminent (last years' was fully franked) dividend -- that's nice.

I remain cash ready for shopping any crash. Though I suspect a correction may be all the downside there is.

Trade accordingly.

OV