Thanks O&L for your thoughts. I've agonized over this. Sell incrementally...(i.e. 1\3 at 6.2...1\3 at 7.2...1\3 at 7.8)...or "get greedy" and sell all at 7.8 (even though it is worth well more than that). I think you are right....better safe than sorry. Better to sell lower and then buy back even lower. As Cramer says...."The street views everything in South America as a trade". It doesn't really matter "what it is really worth".....it only matters what you actually get. If Chavez could be trusted this would be a no-brainer. The fact that we are now trading at "2" rather than "3" doesn't help much....notwithstanding the fact that gold has skyrocketed in the interim. Oh...I almost forgot....what about saving 15% (i.e. long term vs. short term capital gains) in your tax rate by holding rather than selling? In my old age I realize that Uncle Sam is there to share in the profits but not in the risk, heartache and loss. The state of NJ is even more "Hugoesque" in this regard. Just wait till Huillary or Obama take the helm. It makes me want to puke. I would worry that I was being too negative...seeing the glass "half empty" rather than "half full" if I didn't pinch myself and realize that this is simply the true state of affairs.