I've just got a small holding, and I'm getting out.
In this environment I've had others fold on me (i.e. the administrators have moved in), and being able to convert shares into cash at the moment is a big plus. Whilst I'll be taking a big loss on what I originally paid (getting approx. half back), having money to put into other opportunities is more important to me than seeing what happens next.
When Leightons, who keep getting 1 billion dollar orders, goes from a peak of around $65 to a steady $40-$50 range when the market dropped, and is now $18 something, never mind all of the other bargains out there with small & medium caps, I'm thinking there's better opportunities elsewhere.
Good luck to all holders, I hope it works out well.
Cheers.
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everest babcock & brown alternative inv trust
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