what would charlie munger do?, page-3

ST range is up to 24 months.
Medium-LT is 2 to 7 years.
LT is 7 years +.

Entered 2007 with a ST range of $2.50+ per share, IF all had gone according to plan when I entered I believe my ST target would have been reached - evidently the game has changed a multitude of times!

The decision I am now having to make is either (a) accumulate because I believe supply agreements will come OR (b) slowly sell at the few tops remaining and let go of the majority of my holdings - of course there is not much time left before 1 Sept 12!

My ONLY problem / concern is we are all still not 100% confident as to whether those goal posts are to be shifted once more.

NL