Sun closed out the week at $5.63. I sold 25% of my original position at $5.70 and the final 25% at $5.85. With the first 50% sold at $5.50, my average exit price was $5.64.
Now, we wait. I’m hoping to buy back in after a sell-off. As always, I have no idea when that will happen but I would expect there to be a realization in the next few months that technology shares have re-inflated back to their bubble-top highs and that there are better bargains elsewhere. When the money shifts by selling tech and buying the current fad, Sun’s price should drop back below $5. I hope to get shares below $4 again over the summer.
