Fifty-fifty odds just aren’t good enough.
Just at we breakout, we don’t. Just as heavy sell-vol creeps in, we rally.
For this, my friends, we have maintained our Neutral Bias for months. It’s kept us out of trouble. We’re ready to pounce when the market sets up properly.
While homebuilders can no longer be deemed a good bet, our lone long in WCIC has held up just fine. Those looking to remove risk will do so ahead of earnings tomorrow. But not us. We’ll take what the market gives. Half of this position has already been cashed in with a 20% profit.