I've been scaling things back, partly because the market was making me edgy, partly because I've bought too much art and needed my cash back. I sold out of ASX in two tranches at a loss of $450 all up; yes, the ASX shares I declined to sell at a profit of $600 a month or two back. (though I did buy some of the ones I've sold at far less a while back, so the loss is mitigated.) I sold out of PSV at a profit and bought back in at 20 pc less, with a lesser value overall. I sold out of REA, again at a profit, and I'm waiting for it to drop so I can rebuy a smaller parcel.

but I held and held to Biota. yesterday it dropped to $1.25. I paid an average of $1.75 for those shares. in my opinion, Biota is a special case: it's way volatile and the slightest sniff (hah!) of bird flu pushes it up. as I write, it's rising, for no apparent reason, at about 1c every couple of minutes. of course this doesn't mean I'm making money. but it does mean my losses are shrinking. it's the kind of stock people think may "go off" one day, and therefore when it starts to move, I think they jump in fast.

all I want is $1.82 and my money back. really.