Chiron Corp. (CHIR)

[OldAIMGuy]

I did something unusual for me today. I sold out of a stock because of continuing bad news. I'd picked up some shares of CHIR on the distress news at $30 a week ago and then sold 3/4 of them at $38 to recover much of the expense.

CHIR's a stock I've held for nearly two decades. It's been a good AIM trading stock for much of that time, but in recent times had pooped out. I'd reset the PC value to have it sell completely out of the stock in three successive events ala LDAIM. However, the market turned against me on this and the stock's been slowly drifting until this more recent event.

Today I looked again at it and the most recent news and decided I don't want to own it any longer. I sold all remaining shares.

The proceeds are in the Cash Reserve for my Biotech ETF for now. when AIM directs me to again buy shares of IBB, I'll probably use that as a signal to shift the Equity/Cash ratio to something more rational. Right now it's a bit lopsided toward Cash.

It was my eventual plan to liquidate this holding but unfortunately I waited about 6 months too long.

Best regards, Tom