During the trading day Tuesday, I tweeted the following:
After trimming some EVOL due to general market concerns and the resulting desire to raise cash in September, I added back to it at a premium from where I sold the shares. Unfortunately, there are times when you have to pay a premium for planned performance. I believe this is one of those cases. EVOL did not participate in the pullback that marked the end of September, as well as the first half of October. It has simply been consolidating. While it may seem that the stock looks overextended or even in a blowoff stage due to increased volume, it is my view that this is a moment in time where it is actually in a continuation phase as opposed to any top. From both a technical and fundamental perspective, I feel that the gains have much further to go.
I have also been adding to a new position that I will be posting a research report on before the end of October. I am making this into a large position from the start due to the upside potential involved in the opportunity. It is literally completely undiscovered, with not a single ounce of coverage or commentary regarding the company. I look forward to presenting it once I put all the pieces together.
With the addition to EVOL along with the yet to be announced new opportunity, exposure is now nearing the 100% invested level. Given my opinion of the upside potential for Q4, I think that this level of exposure will remain until close to year end. Of course, I will take the twists and turns as they come, without any preconceived bias.
Back to digging for data. Goodnight.
