Archive Category: Infinite Momentum Alert Archive

Last Friday I shared a trading primer with you … where I did my best to explain how our strategy’s “Refresh Day” will go, and the choices you’ll be able to make. If you haven’t already, I would read that note before proceeding here. I anticipated receiving follow-up questions since this is a new strategy, and I know just how detail-oriented many of you (rightfully!) are. So after seeing the emails you’ve sent in since last Friday, I decided to write a “Part II” note to you today. In today’s note, I break down the actions you’ll want to take on Refresh Day into four easy steps.

It’s been the most-asked question since we launched Infinite Momentum Alert on September 20… How will the rebalances work? This is naturally a topic I’d already planned to cover. And today, we’re diving in! To be clear, we won’t make any changes to our portfolio today. I just want to explain well in advance what you can expect to see next Friday, October 20, when we refresh the portfolio.

I intend to do a “Member’s Mailbag” issue once a month for this service. I’ll try my best to group the topics I’ve been asked about into a logical, easy-to-follow “conversation” about the Infinite Momentum Alert strategy … how it works … and what we can expect of it. As we’re getting started on this journey together, I’ve received a lot of initial questions — which is, of course, to be expected! I’m so thankful for your interest in my work … in the Infinite Momentum Alert strategy … and for your eager participation in this service!

We’re officially through our first week of Infinite Momentum Alert trades, and it was a bit of a doozy. Earlier this week, I sent out an update after one of our 10 positions, SCYNEXIS Inc. (Nasdaq: SCYX), fell sharply following a voluntary recall of one of its breakthrough drugs. And then we took another hit when Trio-Tech International (NYSE: TRT) dropped post-earnings. It stung. I’m not going to sugarcoat it. But it was also a reminder that these things happen. And I’ll repeat our unofficial Infinite Momentum Alert motto:

A few of you have written in today regarding SCYNEXIS Inc. (Nasdaq: SCYX), and for good reason… When the market opened this morning, the stock was down 45% … trading at just $1.83. “What gives?” “Is there reason to panic?” “Should we sell?” “Should we buy more?” The answers are no, no and no … but let me explain why.