I have some diversification in my portfolio but would say i am...

I have some diversification in my portfolio but would say i am overweight resources. I have 3 pools of investments, one for my super, one for the wifes super and one for spec stocks. Both my super pools only invest in asx 300 stocks so some safety built in, but as MLD has shown, you can easily rack up a sizable paper loss. My specie pool is significantly smaller and i call it my play money, extremely volitile but high risk/high reward and have had a three bagger this year, but lost heavily on 2 others, and have paper losses on most of my holdings but expect to have some further wins shortly. Overall i would say i am around break even, with a fetish for smaller gold stocks at the moment ( rms,waf,try) and some metals thrown in ( ctm,cla and anw). I think my next bagger will be anw but who knows.
Both my super funds have moved downward in recent times due to overall sentiment in the market, some really good winners ( SAR. MQG,BHP) and some disappointments (MLD,MVF,AGL) but have benefitted by having some diversification as the damage recently has been mitigated somewhat.
I will say that even though i have done extensive research on every company i invest in , sometimes you cant pick the dud before you lay your money down, and company management is the most important factor in your success or failure. I have also observed that the market can overreact to situations , and i believe MLD is an example of this and being brave whilst others are fearful can pay off. I did learn recently not to overcommit on one stock (SGH) , where i lost a packet due to inept management who misled their shareholders, but i was way overweight, so have to take the blame on that one.

Christopher