We exited Hudbay at an average price of $5.11 with a return of 83% on our initial investment. We attained 97% of the expected profit as determined by our Odds Engine ($HBM : Hudbay Minerals — 2020 Implied Probabilities).
Why didn’t we hold out for the last 3% of profit?
In spite of the exit prescribed by the Odds Engine, as Hudbay was moving chiefly as a function of dollar weakness, an opportune volume event enabled us to dispose of shares quickly.
