Many are trying to avoid giving Trump his due credit for what is happening with N. Korea right now. Again for the record, I think Trump is a dufas. He's a spoiled adolescent boy who never matured emotionally. But that does not mean he's stupid. Just being kind of an arrogant dick does not make a person stupid.
The Trump credit deniers are giving credit to anyone in the region except Trump: China is doing it according to some and to others it was all S. Korea. Both of these notions are silly IMO because China and S. Korea sat there like Obama did as bad boy Kim accelerated his dangerous behavior. The reversal happened only after Trump showed up. Again, let's not let our opinion of Trump blind us to the facts in the matter. This has been my position all along.
And now the leader of S. Korea agrees with me. Instead of accepting all this undeserved credit for himself, he's pointing to Trump and suggesting that Trump should get a Nobel peace prize for his results. Obama got a Nobel peace prize for posing and posturing and saying flowery things and being very good at useless political correctness. But Trump got the results. If Trump is going to take the blame for every shitty thing that happens on his watch, fair people will give him credit for the good stuff and in light of these words by S. Korea, Trump obviously played a bigger part in the win than many give him credit for.
Monday, April 30, 2018
Sunday, April 29, 2018
[RGR] update
I recently provided the chart below for arms maker Ruger (ticker:RGR):
Current actual is below. You can see that it now trades at $56.40 which is a very nice move up from the $49.20 price given above. With that said, the short term wave count has opened the door to one more pullback as shown in blue below. The odds of continuing on per the original red path vs pulling back per the new blue option are not much different. We (as in my and my subscribers) will know pretty quickly next week how this is going to play out but right now the trade is ambiguous and so the recommendation is to take the short term 15% profit and then wait for the wave to either peak near the red arrow or to break out and create 5 waves up from the recent bottom.
As I always tell my subscribers, long term predictions can carry more risk than short term ones which is why my trading motto is to drive for show but putt for dough. Most people would be thrilled to make an annual profit of just 15% but RGR just made that in a month for my subscribers and for any of you who traded with my wave count.
I'm hoping for the blue pullback because if it happens then it will be a better setup for the run to well over $100.
Current actual is below. You can see that it now trades at $56.40 which is a very nice move up from the $49.20 price given above. With that said, the short term wave count has opened the door to one more pullback as shown in blue below. The odds of continuing on per the original red path vs pulling back per the new blue option are not much different. We (as in my and my subscribers) will know pretty quickly next week how this is going to play out but right now the trade is ambiguous and so the recommendation is to take the short term 15% profit and then wait for the wave to either peak near the red arrow or to break out and create 5 waves up from the recent bottom.
As I always tell my subscribers, long term predictions can carry more risk than short term ones which is why my trading motto is to drive for show but putt for dough. Most people would be thrilled to make an annual profit of just 15% but RGR just made that in a month for my subscribers and for any of you who traded with my wave count.
I'm hoping for the blue pullback because if it happens then it will be a better setup for the run to well over $100.
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