Up, Up, and Away!

I have now trimmed 30% of our holdings into this straight-up runaway market. I am not sure I will be happy with this decision, but vertical markets should typically be sold into. I much prefer to see the metals and miners cool off a bit, so I do not have to sell more shares. I’m not complaining, this move up has far exceeded my wildest dreams, several positions haver netted us 600-700%, even more in the LEAP options we sold! In any case, I am done trimming for now and hoping for a pullback to put the funds back to work, where I will pick some new names while adding back to those in which I sold some.

The reason I am not happy taking these big profits early, before I get a bona-fide sell signal, is that I think the miners have much further to go, same with the metals, over the course of this bull market. For one, many stocks like PAAS have just taken out all-time highs, and others like HL are about to, however my intermediate sell-signal has come close to triggering, in fact if prices had closed where they were on the Thursday of any of the last three weeks, I would have gotten the signal. Instead, the miners rose so much on the following trading day that the signal was cancelled, I was supposed to hold everything for further gains. After this occurred several times, I realize that the signal will actually trigger, and most likely sooner rather than later. I hope you are on board with a lot of shares, it has been a win for the ages already.