RE: Mogie28 Mar 2014 22:26
hi cm and mogie.
just on fairpoint --- i have done quite well in there, but have sold out all my holding in fairpoint today and reinvested elsewhere ( - topping up my sula ahead of gold assays hopefully due next week).
partly i was happy enough to bank decent profit, and wanted funds for sula, but also i have become concerned about possible political issues in the year running up to election. there have been a few noises recently coming from government circles that come autumn they will be looking into the kinds of fees, charges and arrangements operated by firms who deal with debt management etc. i think this introduces a significant risk not just to sentiment in this area, but also potentially to the margins that fairpoint can extract. may be entirely wrong of course, dyor and & that. but it tipped the balance for me to sell out of fairpoint.
i remain in cello, very happy here. am considering moving some more funds in during april, the outlook is good.