NEW MEMBER VIDEO
I try to put these out as often as possible for Fire Level members and once a week for Water level members.
Tonight's video detailed a significant breakout in our subprime, restructuring play. I have been telling members for weeks that the consolidation was picture perfect, with the likely next move to be on the upside. Today we saw a breakout that came with significant volume.
I did issue a "Trade Update" to Fire Level members telling them of an addition to our position during the trading day. Still a double from these levels, if not more. One of the more undervalued plays I have come across on a price to cash flow basis, not to mention the activist/restructuring angle which has acted as a catalyst.
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