The 133.22 bid I’d advised caught Wednesday’s low exactly to-the-penny. Several subscribers reported getting aboard, so I’m adding 400 shares to our long-term position. Averaging them together yields a new cost basis of 123.77. As noted here earlier, this trade, initiated with a simple limit-order bid, was explicitly designed for newbies and lurkers who are understandably eager to pay for their Rick’s Picks subscription and the Hidden Pivot Webinar with trading profits. If you did not take the trade, please note: No gambit that I offer in the future will be easier or more straightforward than this one. Moving forward, we’ll keep all 800 shares, with no stop-loss, for a swing at the fences. If you hold only the 400 shares that was to have been acquired Wednesday, I’d suggest using a break-even stop-loss for the time being, since Brexit-induced hysteria could play havoc with this vehicle for the next day or two. _______ UPDATE (June 23, 7:51 p.m. EDT): The stop-loss for those who initiated new positions at 133.22 would have been hit, but I have yet to hear from any subscribers concerning the amount of their loss, which would go against our cost basis if and when we get aboard. We’ll try again in any case, but not until after the impact of the Brexit vote has been absorbed by investors. _______ UPDATE (June 27, 10:52 a.m): My mistake: We held only 100 shares from the original position. Thus, adding the 400 shares bought by subscribers a few pennies off last week’s low yields a cost basis of 129.46 for a 500-share tracking position. At a current price of 139.11, that equates to a gain on paper of $4,825.
