Looking for value, page-10

Hi 1m - I really like S32 but just feel that this positive sentiment in commodities may be a false start to a more sustainable rally. Although S32 is probably my favourite stock in the resources space at the moment, I off-loaded my entire holding @ 1.51, as I felt the risk/reward wasn't there anymore - hard to knock back a 60%+ gain over a period of a month or so. I do feel that A$1.20 entry may be possible on the next wave of negative sentiment in the space, and have my alerts in place.

WOR, I also like, but to me it is a bit more of an unknown on the fundamental side. We really don't get the insights that we do with companies such as S32 and BHP (I also hold).

For WOR I still hold 12.5k of shares, after selling some last week. I am not looking to re-enter the stock personally as my weighting is already in place and I don't have the conviction that I need to increase it in this environment.

I liked STO and bought into the story without doing a full analysis of breakevens and debt positioning. That was a costly exercise which I don't want to repeat. I haven't lost a bundle on it, but there was a lot of work involved in trading it over the last 3 months to get most of my losses back.

If you check the STO thread it is a highly emotive bunch of (good) guys, but there is a lot of emotion driving investment decisions, and in my view, a trade made on fundamental analysis is better than a trade based on hope and emotion.