Taking Some Profits - Radius Gold (RDUFF)

We have sold at market close, about a quarter of a tiny position in Radius Gold (RDUFF) at Limit .135$ a share. This stock was bought for pennies in the last month, brought to our attention by Casey Research in December.

We were able to buy only a small stake (in the tens of thousands) with less than 0.5% of capital at .057 $ a share.

This trade is more to demonstrate what we have been doing. Risking small amounts of capital in each idea and picking from the most beaten down stocks.

We like to take 1/3 to 1/2 off at around a 100% short-term gain and let the rest ride. We do this because a stock that has doubled very very quickly has shown us a quick profit, so we will take it. At the same time we like to let winners run, so we leave the rest on the table . . . for the time being.

We are reminded of resource stock guru Rick Rule's quote, "Make the money, take the money."

A stock moves most violently up from a V bottom, but we never claim to catch the very bottom. We are fine with catching part of the bounce, then moving on.