I have become a bit more pessimistic about the sharemarket at the moment. I think most shareholders are beginning to understand that the financial crisis ain't over yet, the recession will be deep & long, and the effects of unemployment are still be be felt. Then there is a property market (including commercial) which is according to some a property bubble (to burst).
I have thus sold some of my portfolio (MTU, NOD and WOR) and have thus locked in some profits.
I have increased my holding in NZO, which is well worth researching imho. Have also kept some cash at hand.
MTU Price at posting:
57.8¢ Sentiment: None Disclosure: Held