To be clear.  My letter is about what I am doing w/ my money in this sector. Depending on liquidity, I wait up to 3 days after publishing a "selling" commentary before I sell. It is price dependent.

In last week's letter the prelude to the Stock Talk sections went like this.

We are selling two stocks out of the EI portfolio as explained below. Neither is a total bust; in fact, the case can be made that there is yet value to be had. However I am cleaning things out and taking the tax loss, with the expectation that better opportunities will be available later this year. I am in no hurry to sell and figure I have the rest of the year to capture the losses; hell, prices may actually turn up by then.