Nordic American Tankers Sold

By on April 27, 2020

NATHaving achieved over a 100% gain in the stock of Nordic American Tankers (NAT) since purchasing it last month I felt it was a good opportunity to sell the stock.

NAT has outperformed other oil tanker stocks I hold positions in by a wide margin (about double on average).

I sold all NAT shares at $6.45. The shares were purchased at $2.55 on March 23rd.

NAT has recently received significant promotion with CEO Herbjørn Hansson appearing on Mad Money on April 24th.

Many YouTubers have pointed out NAT’s explosive upside. This has driven a lot of investor interest towards this name.

I consider NAT overvalued relative to its peers and will await an entry point into an alternative. Perhaps, I’ll move back into NAT if it corrects back to the $5 range.

Disclaimer: It is very challenging to outperform a buy and hold strategy. Historically, investors have found themselves well-served over the long-term by investing regularly in a diversified portfolio of stocks or low cost, broadly diversified indexed stock funds. Information presented is based on analysis of past data and assessments by the Tactical Timing System model. Future performance may not reflect past performance. Profitable trades are not guaranteed. No system or methodology ensures stock market profits. Although accuracy is strived for, no guarantee is made regarding the accuracy of data presented.

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