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Adventures in Capitalism
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My Name is Harris Kupperman and I’ve been successfully investing in the markets for over a decade. In 2003 I started a hedge fund, Praetorian Capital, so that others could invest alongside me. During nearly a decade in existence, the fund has continued to grow with the majority of the capital... More
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Adventures In Capitalism
  • A Quick Exit.... 0 comments
    Nov 6, 2012 11:02 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.

    Disclosure: I have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it. I have no business relationship with any company whose stock is mentioned in this article.

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