Sorry to hear that you sold Tallplumber however I can understand your reasoning. Buffet has always said that capital preservation is key and IMO this is critical to successful long-term investing. When I started investing I often lost lumps of capital by investing in small resource stocks (or out of favour larger stocks eg, Gunns) which then didn't perform as I expected they would. Over time I realized that I was under-estimating the risk attached to these stocks. Now days, I critically review the risk versus reward on the stocks I hold and if I'm uncomfortable with the risk, I sell out or reduce my holding. This has served me well and although I've missed out on some upside using this approach, I've also preserved my capital in many cases.
In the case of WGO, IMO higher bids will come however as you post there is a risk that things will stagnate, in which case $0.22 cash now selling on market is not the end of the world.
For me personally I've already sold a few, got a couple of sell orders in at $0.23 and $0.245 and will retain the balance pending further developments.
GLTA & DYOR
WGO Price at posting:
22.5¢ Sentiment: Hold Disclosure: Held
