I'm on board with a quick sale for $2.50. I want that money in my trading account NOW!
Golf, I've learned much from your many posts and I'm enticed by the idea that we hold on for a year and double our value but I remember the mania that gripped the world when copper was trading at its high in 2011 and China was growing like gangbusters. Analysts were proclaiming left and right that there was nowhere to go but up. Then China, under heavy inflationary pressure, announced that it was restructuring its economy and that punctured our balloon. Here we are 10 years later, still holding.
Similar story with oil in 2008 when it was trading at close to $170 per barrel. All kinds of analysts were talking about "peak oil" and were saying $200 a barrel was inevitable. It wasn't. It went to $50 during the 2009 recession and then was trading negative last year!
There's always an argument why this time is different, but the reality is that cycles cannot be avoided, and we have no idea when the bust will come. Same thing applies to the housing boom that we're in the midst of. How many more years will it persist? The bust will come.
I want out of CUU as soon as possible with a FAIR amount of cash in my pocket, even if it's running the risk of taking leaving some money on the table. Many shareholders cannot afford for Elmer and co. to miss the boat once again.
