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Rickie Reeve
@rickiereeve · Jul 25

You may have noticed that the $MMM results were satisfactory, we saw more than the 5% jump I was hoping for. In the end, even I, originally a fan of 3M, sold my entire position. Litigation creates a lot of uncertainty and this was an opportunity for me to sell at a profit and accumulate more cash.
SP500 is slowly at 4600 points, so maybe that cash will come in handy. 😉

How are you guys handling today's move? Are you also selling or holding on?

BC
Bill Combs @billcombs Jul 27

I am still holding $MMM stock and waiting to see what happens next and I have faith that the lawsuits will be resolved and the stock will rise even more. However, I will definitely not be buying MMM stock anymore.

BG
Barrett Gardener @justbarrett Jul 26

I don't have a position just because of the lawsuits, but if the price gets more tempting over time, I'd jump in.

RR
Rickie Reeve @rickiereeve Jul 26

What price would you roughly ask for?

JB
Jason Bellier @neostonks Jul 26

I'm still holding, I'm waiting for the earplug case to be resolved. I may be up a few percent, but that's still not good enough. I see MMM at the higher levels after the cases are resolved.

RR
Rickie Reeve @rickiereeve Jul 26

If it weren't for the lawsuits, 3M's valuation is complete nonsense. If this turns out well, it would be a shame to miss out.

DD
Daniela Duong @danieladuong Jul 25

I sold off 40% and I'm keeping the rest

RR
Rickie Reeve @rickiereeve Jul 25

I've also thought about selling only part of it... Let's see if I did the right thing.