Please Note: Blog posts are not selected, edited or screened by Seeking Alpha editors.

A Quick Exit....

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.