March 12 I recommended this stock without mentioning a specific price but it was trading at $2.74 so lets just assume that it was bought at $3. We recently traded above $5 which would be a 60% gain, so i will book that as 30%. Here is the chart.
Despite getting out I think the stock can trade to $7 or higher.
On March the 30th (you can pull it up by putting the ticker symbol into the search box at the top) I suggested that both stocks were at worst in an a-b-c up pattern of which the a and part of b were complete . For SLF I suggested $19 and as a result you would not own it as the stock made the b low that day. However on MFC I suggested you buy it at the next pull-back as otherwise you would miss a $5-$10 potential gain. The next pull-back would have been a day later at roughly $14.
It did about $7 up or roughly 50%, again we will call it 30% . SLF did essentially as expected but we simple missed the proverbial boat, but not the first time!
By the way, if this is all we get it is pretty bearish for both stocks as this a-b-c pattern is corrective!
On March the 13th we recommended MX on a breakout. It was at about $8.60 at the time. It is now $12.47 for a 45% gain. It is going higher but for the record we record it as up 30%
Same story for Magellan Aerospace. It is trading at 73 cents , which from 33 cents is a gain of 121%. This one will also be recorded at 30% up. By the way it is going to $1.20
Sherritt has doubled since it was recommended about one month ago ( basically on fundamentals and the e-wave count). I think it will go higher yet as the word is barely out and the count seems to suggest higher prices yet ($8+?). Still I would tend to sell as we already exceeded the arbitrary 30% set for “accounting†purposes. One has to make one’s own rules as alpha can be extracted from the market in many different ways; by being brilliant which is hard to maintain for extended periods , or by being disciplined , which is equally hard but easier if your IQ does not allow the former. Personally I have lost every time that I did lose by not being disciplined.