WatchinU wrote:Glad you are doing well with that one stock pick.
have you considered selling enough of that stock to cover you initial cost?
do you have an exit strategy? do you have a stop in place?
I will probably sell when its around 12-13 dollars a share...might take a year or so.
My method to the madness:
1. Japanese society is far different from ours...I simply looked at how the Japanese historically have handled tragedies.
(If this was an American company I would not have touched it at 1 cent a share....we sue each other into the abyss...the litigation here would have been counted in decades.)
2. Tokyo electric is about the 3rd largest power company in Japan....where are they going with that kind of infrastructure in place?
3. In the world of politic's, concessions are always made.. I feel there will be some kind of agreement, the government will insist on Tokyo Electric divesting themselves of nuclear power, in return for assistance in the clean up.