Hi s.l.,
I sold about 40% of my position at $5.50 because the timing was right and it had exceed my mental target of $5 for these funds. The rest (not really a lot, but much more than I ever thought I'd be able to own in the pre-2000 days, even going back to the mid-90's when I started investing in SFE), I will keep until at least $20, and maybe beyond.
The beyond will depend largely on what happens with the rights/subscription program. Since they make no reference to it on their website, I am assuming there is no program (and I wish others would assume the same, so that they are not disappointed later). If management does decide to have a program, I would be all for it and likely keep the stock and treat the IPOs as dividends. I agree with you on the bonds - it takes one worry off their plate.
$20 is just another mental price point, and things could change, the all the remaining shares I have are in my IRA, so I can do anything with them without tax consequences. I'm hoping they will build up to be a significant pillar, but if not, it won't kill me.
Good luck!
John |
