Trimmed: NEL ASA

This is once again something I might regret later but I trimmed my NEL ASA position today and sold 1000 shares for 33,63┬áNOK per share. Cost basis for these was 4.6 NOK per share. Quite nice profit in that sense. There’s really no specific reason for this. I just decided to take some of the profits now. My long term view really hasn’t changed as I still consider NEL to be a buyout target for bigger players. In current environment it’s really difficult to say when that might happen – if it will happen at all – but the sector in general is likely to boom for years to come. I would also be amazed if there’s no significant pullback in the near future. Some of the sector plays have gone through the roof lately and correction there would probably pull NEL down as well. I might buy back these shares (and then some) should that happen but let’s see. For now don’t mind holding some cash.