It was a very smart money grab though. Just next time EL does a secondary you need to immediately SELL! Unless of course we have gone from 15 to 50 and are actually needing manufacturing facilities.
If you knew you were 1 1/2 years away in 2014 and your SP was in the 20's wouldn't you grab some money too? You can't exactly tell the market = "Oh, we just wanted the money because we are years away and now is as good as time as any" so of course you make a positive spin on things. Smart move though with the 20/20 hindsight.
Allin
(Almost Allout - Not because I have lost faith in SGMO IVPR, but because of opportunity cost - I've been killing it with SPY spreads in this choppy market :) I plan to increase holdings prior to value points if I'm lucky. I'll be honest that in some ways I'm hoping for a bear so I can load up more at lower SP before IVPR, but I'm really not worried either way because I have some holdings and don't mind making a buck.