I started the Brew King International Series Australian Cabernet 6 days ago.
The initial SG reading was 1.11. Last night I measured it for the first
time and it was 1.04. It's still fermenting, though quite slowly as I am
fermenting it at the lower end of the suggested range.

Right after measuring I dropped the hydrometer and now its gone. It could
easily take me a couple of weeks to get another. It's a busy season. The
truly embarassing thing is that this is the second one I've lost in the last
couple of months.

I'd like to ferment it down to about 1.00 before racking.

My guess based on what I've seen so far is that I should give it a couple of
more days and go ahead and rack it. Does this seem about right to you?

Dave