Sure it wasnt China heading into contraction that did it!?

Dow is coming back so I suppose we'll see.

I had, and still do to an extent, the feeling that construction shares are largely under valued. Not house builders as I feel that boat was missed but proper contractors. Balfour Beatty have struggled recently but that has been more than made up by Galliford who have steadily increased over the last few months.

I think the industry will see improvements and there will be some cheap shares at the moment. Not for the short turners though. You'd need to be willing to see out at least 2 years.

Makes you wonder if his comments were a boat floating exercise to gauge reaction?

Well I'm £3K down as of 4.30 today from Wednesday, it will take a while to re-coup I bet.

Prices are recovering on the whole as of lunch time today my collection of shares has re-gained £1K so far.
I must admit to taking the odd punt, but unlike going down the bookies I still have hold of the most part of my original stake and tend to limit what I consider risky shares to no more than 10% of my total portfolio.

Or long term gambling ?

EG My Lonmin and Tullow are long term investments (as they are well down and Im sitting on the loss), my Ocado was a gamble (wildly risen and sold in tranches in case it continued higher - Im out now 100%)

Yes I have 4000 Glencore shares that have converted themselves to long term investment.

I've put a small amount into Mar City at 6p. It's a punt more than anything but from what I've read they are an up and coming house builder who have secured a number of land deals and are now paying a divi having reached profit this year.

I was into (and still am with Range Resources) oil and gas exploration. It's the worst one I've got so far and just isn't an industry I have that much knowledge on so I think I'm going to stick with construction and housing.

Many house builder shares have rocketed but there will no doubt be some that will rise further especially when the new home buy scheme is launched.

I'm also going to research some of the materials suppliers as demand will go up for bricks etc.