Vette - you're not wrong that the whole market has gone down and opportunity cost hasn't been gerat in other plays.

However, Elmer basically says we can't really do anything until the macroeconomics improve...

Well what does that mean? When everything else also goes up and we miss those opportunities too! Now, given we can obviously still sell before that - but it seems like Elmer isn't even interested in selling in a bad market.

You said it yourself before how the delays may a blessing in disguise and how the market has gone down and we can make our return here and then invest elsewhere...well if Elmer doesn't plan on getting us our return while everything is cheap, there goes that plan.

You mention that it's a good entry point - and that's true, but that does nothing for the people who already have large positions and are underwater. It's been a poor investment so far. It very well may (and I continue to hold and think it will be) a good investment. But it's obviously a better investment today than it was a year ago or two years ago. Less timeframe, cheaper cost. But that's terrible for those of us who bought 1 or 2 years ago!