S Sherritt March 16

S march16

Sherritt has doubled since it was recommended about one month ago ( basically on fundamentals and the e-wave count). I think it will go higher yet as the word is barely out and the count seems to suggest higher prices yet  ($8+?). Still I would tend to sell as we already exceeded the arbitrary 30% set for “accounting” purposes. One has to make one’ own rules as alpha can be extracted from the market in many different ways; by being brilliant which is hard to maintain for extended periods , or by being disciplined , which is equally hard but easier if your IQ does not allow the former. Personally I have lost every time that I  did lose by not being disciplined.