Northland Resources (NAU.TO) closed yesterday at C$1.02, up 65% from our first alert on the blog in August. Although we still believe there’s more potential, it wouldn’t be a bad move to take some profits off the table now. The commodity markets are still volatile, and there’s nothing wrong with increasing the cash position in the portfolio a bit.
Disclosure: The author owns shares of Northland Resources SA, but plans to sell 1/3rd of his position within the next 48 hours. Please see our disclaimer for current positions.