Trade Alert: MMEDF
Macro, Long/Short Equity
Seeking Alpha Analyst Since 2015
During my 44-years of investing, I have come to understand that the only constants in the stock market are fear and funds (money), and that Modern Monetary Theory (MMT) provides the best description of how money moves through the economy.
In partnership with David Huston, and in association with Alan Longbon we search for and analyze repetitive sentiment and fund-flow-based patterns in the stock market's price history, and offer a Marketplace service, Away From the Herd (https://seekingalpha.com/account/research/custom_subscribe?slug=ang-traders), that reports our findings and allows subscribers to replicate the trades we are involved in for our own accounts. My four decades of experience in the market have taught me to not trade "for the sake of trading". Identifying, and staying with the primary trend is key to wealth accumulation. We use a variety of investment instruments such as stocks, ETFs, and options to take advantage of opportunities as they arise.
- Taking some more profit, but still holding.
Closed MMEDF @ $3.24, for a +775% gain on 1% allocation (we still have a 3% tranche).
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Analyst's Disclosure: I am/we are long mmdef.
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