After a beautiful string of wins since December 2013, we did run into some losers. We continue to hold everything, though, with plenty of time remaining. All positions in the portfolio are long-term holds, despite pullbacks in a very volatile market.
In a week’s time, we lost close to 400 points, and then bounced back 400 points, wobbled, and wobbled some more. It’s extremely volatile out there, as the Fed prepares to end QE3 at the end of the month.
We have found a new opportunity just this morning.
While Harley Davidson (HOG) has popped back a bit, we believe there’s opportunity for further upside, as RSI and MACD just begin to reverse off their lows. We’d like to see a test of at least $65 from current price of $59.90 before all is said and done.
If you have room in your portfolio, consider buying to open the HOG January 2015 60 calls up to $3.50.
Ian L. Cooper
Forgotten Profits