RE:When to SellThe Thing is CHF,
IF TLT gets a JV deal this will become a longer term play since the need for funds on TLTs part will go away, yet the timeline for making a fotune goes way beyone ext cpl of years. The upside is larger tho...
Buy on the dips and hold...
IF TLT gets bought out then that buyout price will linger out there for a while and either get a counter bid or we all get cashed out(or stock/warrants swapped) once the deal date comes by. Ideally, in that scenario, we get our stock swapped into the buying companys stock, So we don't have to take all the tax hit at once if we'd like.
The Buyout will be a shorter timeline but the buyout price will probably be a smaller fortune. :-) I agree with you somewhere in that $15-$20, at least.