We’ve been looking for a pause in what appears to be a relentless surge of optimism in these markets. Nothing wrong with that and its a welcome break. I’ve said all along that the good times would return for those that were willing to be patient and keep risk in check. Hopefully we’ll start to see trade frequency pick up again after 5-months of woeful opportunities.
With this surge we’ve managed a bit of luck. I guess one tends to make their own luck by sticking to the plan and taking the longer term view. Last week we had some luck with MCG surging some 90% in short order. We took 1/2 profits there and we’ll see where that takes us.
Another bit of luck with Minara Resources (MRE) surging 35% today – we actually have dual exposure to in two separate portfolios. Entry #1 was the Growth portfolio (the same that caught MCG) and Entry #2 was the shorter term Power Setups portfolio. Again, subscribers are being shown how to manage their positions accordingly. Textbooks are great in hindsight, but its the right hard edge in reality that counts – and that’s what we do and why subscribers can learn.
Here’s the MRE chart.
Click to enlarge
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