Helix Energy Solutions Group, Inc. (HLX)

[jugs]

With about 1,600 shares in tow, I decided to take some off the table. My cost basis was $6.785/share. Unloading 1200 shares netted me an overall gain of just about $1,500. Gestation time was slightly under three months as I launched the position in July of this year. Annualized, this works out to about a 75% profit.

I'll take it.

It should be noted that HLX moved strongly today while most of my other energy-related holdings went the other way although not with drama attached. HLX has been on a tear lately. While there's reason to be optimistic regarding where it's going, I couldn't justify leaving all the fine gains on the table. My hunch is that we'll see the shares drop back to sub-$7 soon enough at which time I'll carefully begin to rebuild my position and look forward to the next opportunity to buy, hold and unload as I did today.

This is one of those rinse-and-repeat stocks that we all love to play. And I'm smiling as you'd expect. lol