Nick;

I have no opinion on NOK -- never traded it -- neither do I play the value came often.

But a couple of thoughts, based your post.

. if you are worried about the downside then you could look at some options. For instance buy the APR 5 put and sell the APR 6 call. This can be done for close to even money. That combination will remove the risk till mid april.

. but also I ask myself -- why this trade - was it meant for a quick 10% gain -- or did you have higher ambition. Was it for years and years -- or for a quick break out. If the later - then I would not call it 'value investing' - not even 'value-trading'.

I know you earned the right for a couple of successes, but success is not always found by closing a winning trade. I think trading success is mostly found in sticking to the original plan and repeating that plan as often as possible. (that of course only if the original plan is found in a well anchored trading logic).

Enjoy the weekend,

Ernst