We are at a point in the market where there isn’t a clear high probability entry and exit in many stocks. This phase is where more patience and discipline on your part is required. Build smaller positions than normal and have more cash on the sidelines. Don’t try to make a lot of money in this part of the market right now until we get more obvious high probability ideas with many stocks. We often see more speculation occur after a higher high is made such as we saw in NLST as a bullshort, NABI as another developing one, and ZOOM as an example of moving from $8 to $ 11.25, then back to $8.20 at the close.

Uncategorized