QUICK THOUGHTS
- Have done nothing with any of "The Gun" trades. Reason being that the volume just isn't there to justify a long position. Doesn't mean that a trade will fail when a trigger is hit on light volume. It just means that the chances of success are not as great.
- Strange market today. A very narrow trading range. We simply gapped up and have been sitting around the same levels.
- I feel that we are going to chop around a bit here for sometime. If you enjoy trading over the very short term, it's time to look for shorts into a move like this.
- The names in our portfolio continue the long consolidation process. Most of them are sitting at the lower ends of their consolidation ranges. These are long-term holdings. As I told members this weekend...when the names within our portfolio do decide to move out of their respective ranges, they will bring in exponential gains in a short period of time. I expect all of them to realize their value over the long-term.
