September 25, 2012 10:51 AM
I have always been of the opinion that when you buy something as a trade, unless you want to own it long term, you shouldn't be greedy. Book them when you have them....
Clearly with Boart Longyear (BLY:AU) I have them...
I sold most of mine last night. A 50% gain in three weeks (not including a very healthy dividend payment along the way) seems good enough to me.
While the shares are still cheap, I prefer to keep my powder dry and look for better opportunities.
Categories: Current Investments
Positions Mentioned: none
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