- Nice Friday the 13th! Who says that is an unlucky day? Was lucky for us! MTL and ICFI gains are taken! Trailing stops worked perfectly also. MTL for a 35.6% in 52 days and ICFI for 22.9% in 38 days!
- ESV looks undervalued. The recent pullback only makes it more. We hope to pick it up on a slight more pullback. Since this tends to be a very popular institutional stock (in top 10 in a number of Energy mutual funds) it will be a dangerous slope to get in at this price, but we will try.
- Now with one big day you have all of the Bull pundits pushing 15,000 on everyone. Beware when you start to here these types of things. While the economy is strong, energy is high and housing is dangerous. While we certainly believe it is possible to hit 15,000, we are not sure, no one can really know. That is why we sit between the bear and the bull and invest in stocks we think are undervalued. The theory being if we get a 35% (from highs) drop like in 1987 we will get less of the brunt that the rest. Not that another correction is upon us, you just never know when it will happen.
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