Closing Out Dryships and Teck Cominco

Today we have sold all positions in Dryships (DRYS) and Teck Cominco (TCK). We believe these are traders markets and we decided to sell while we still had profits of over 40% in both, in less than 1 month's time.

The market giveth and it taketh away. We would rather not lose all of our profits, so we try to use a 20% to 25% trailing stop loss from the high. Sometimes our emotions get in the way and our profit evaporates, or a small loss turns into a big loss.

Still the trailing stop gives us discipline.