I have decided to book full profits & close the NAT (Nordic American Tankers Ltd) trade early here at 15.17 for a 31% profit since the Feb 12th entry. Longer-term traders & investors might opt to stay long while raising stops to protect profits. NAT is scheduled to pay a dividend of 43 cents per share to holders of record as of May 12th.

NAT was added as both a Long Swing Trade as well as a Growth & Income Trade back on February 12th. While I continue to see some bullish developments in the shipping sector, my decision to book full profits on this trade vs. partial profits or trailing/raising stops is a function of several things, including my preference to reduced long exposure in moving towards an overall net short exposure this week, as well as the fact that I believe that we have milked the bulk of the gains from NAT and that the R/R to remain long is starting to diminish in this particular shipping stock at this time. I also have several other shipping stocks both personally as well as official trade ideas on the site.

With that being said, each trader/investor should make their own determination as to whether they want to continue to hold some or all of their shares in NAT if they are in the trade. As NAT will now be moved to the Completed Trades category, additional updates will not be posted on NAT unless a new position is taken in the future.