$CRDOF $MRTMF: Taking Down the Pot

On 16 April, we sold Cerrado Gold and Maritime Resources with gains of 73% and 63% respectively. The levels at which we exited the stocks had implied probabilities of 52.50%.

We also took an offsetting loss in Bear Creek in anticipation of looming receivership.

In stocks, as in poker, one must know when to call, raise, take down the pot, or fold.