Well it’s been a truly fantastic journey here.
NPE have excelled at finding more oil than I care to remember however there comes a time when one (me) has to bid farewell to Nautical.
Yesterday I sold 15,000 shares at 477p (approx 350% gain) keeping 2000 as a totally free carry.
I did sell stock last year at just over 300p another 15000 in two lots (approx 200% gain).
Nautical have been very good to me and I know they will certainly rise more over the coming months. A purely personal decision on my behalf. The pressure of holding out was becoming unbearable my sanity was on a knife-edge. A 350% gain began to weigh on my mind. You all know the usual doubts that creep in it was a battle to hold them for as long as I did.
Now I have strengthen’d my cash position and banked the profit. As a great teacher of mine always taught “no one ever went bankrupt making a profit” or words to that effect.
Time to move on for me. I feel as though a personal victory has been achieved here for myself the Blog and all who hold Nautical. Wasn’t it this Blog that wrote many many moons ago that “Nautical are going Major?”
I do expect them to hit 600p but for me 350% profit had to be banked.