I’ve been tracking this heap because it once had a following, but the portfolio monkeys long ago moved on to more lucrative, invented themes, jettisoning humble ‘value’ for lunatic growthies that are easier to expand to a horizon set at infinity. Not that there was ever much real value in the small-caps, only that they were less absurdly priced than the FAANGs. I’ll keep IWM on the home page nonetheless but leave it to some sharp-eyed subscriber to wake me when opportunity knocks. The 237.72 target is still valid, by the way, and I wouldn’t mind shorting there if the opportunity should arise, but we should have no illusions that this will happen soon. ______ UPDATE (Jul 13, 10:36 p.m. ET): The 215/220/225 butterfly spread I recommended on June 9 has nearly quadrupled in price, so it’s time to exit if you haven’t already. A subscriber reported he was in $ 0.35 and out today for 1.26. Any others? ______ UPDATE (Jul 31, 4:35 p.m.): I am leaving this glue horse on the list as a placeholder, pending the day when the portfolio chimps who made it their absolutely favoritest flavor between March 2020 and February of this year return it to fashion.