No Urge to Lighten Up

Conventional wisdom says “lighten up here” following a fantastic run. However, at least for me, this time is different. My gains are not just outsized, but pornographic. Right out the gates, I am up another 1% this morning and already missing my leverage.

We are overdue a pullback, but so what?

My IMMR has 7 points of upside from current levels and GOGO is going to its IPO price of $17, minimum, over the next 3 months–if not sooner. I have some solid ideas and, thanks to recent gains, can afford to be patient and absorb losses.

I am sure many of you are in the same wagon, as bull markets makes geniuses of us all.

For the record, The PPT has NOT flagged an overbought signal, since calling the bottom, to the exact day, on 8/27/13.

Momentum is here and the sellers are gone. This is not the time to sell. Instead, it’s time evaluate ideas that haven’t run yet.