Long term focus and another exit

I exited BTA last week. I thought it might have some promise but it just drifted slowly down till it lightly touched the exit point.

Since my sell off a couple of months ago I have been buying through September. There has been a lot of life in the market, especially resource stocks. The strength of some stocks has surprised me - YML, MGX, OMH hold some promise. My very limited research tells me that they are all involved in iron ore in WA. I also picked up MIS in the super fund - yet another iron ore company.

I am definitely overweight in materials and energy stocks at the moment. What happened in the market just a couple of months ago is a distant memory.

stevo