Coming from someone as conservative as yourself, I find your comments extremely ironic.
I applaud him for de-risking approx. $3.5M.
A nice holiday house in Italy: whatever.
He still has approx. $12M tied up.
I have de-risked 3/4 of my holdings as well.
Maybe you should read my post: the short term head ache will evaporate soon enough.
It didn't bother me.
It will be up again soon enough and then he will be a hero again.
Also, the retrace was going to happen either way IMO.
Time to move on.
;D
AVZ Price at posting:
11.5¢ Sentiment: Buy Disclosure: Held