LPTH is a path to profits - long at 11.52LightPath Technologies, Inc. Class ABATS:LPTHredwingcoachSorry I didn't post this yesterday, but I started writing it up, got a phone call, and when I went back to finish, I had to reload the page and everything I wrote was gone. It was Friday afternoon, so I said screw it, it can wait. So here it is Saturday morning, and I'll explain my excitement over this one. First, as you can see from the summary on the chart, this one has been ridiculously profitable over the last 7 months the way I trade. Zoom out and you'll see it's been so for a lot longer than that. If I were a buy and holder, I'd have been wanting to be diamond-handing this gem for the past year at least. But that's not my game, as most here already know. I've been especially hoping for another crack at this one soon, after it generated 23% worth of winning trades just in the last 2-1/2 weeks or so. But that's not to say this one is without risk. It's a relatively small cap company, and with rates spiking, that adds an extra layer of intrigue to this trade. Also, as upwardly volatile as it is, having produced 7 trades of +10% or more in the last 7 months (6 of which closed in 1 day), it has also had 10 single day moves of -10% or more. Definitely not for the faint of heart. But here's why I'm OK with that. First, this stock is firmly entrenched in a persistent uptrend that is now over a year old. Trends like that don't die easily. If you think the entire market is facing an imminent collapse like the dot com bubble and will take this with it, you have no business trading anything long right now. Second, you can see that it has tested the lower boundary of its 1Y regression channel 3 times in the last 7 months and moved dramatically higher afterward each time. It also has a double bottom support at the Feb and March lows right around 9. Both are positives. Finally, and most importantly, I know how my system works. Could this be the absolute intermediate term top for this one? It could. But that's what this system is built for. All of my backtests start with the worst of times. If a system can't hold up during that, I'm not interested in trading it. Look at the beginning of 2025 for this stock. It endured a 4 month, -63% "bear market". I, too, would have lost money on the way down in that period, but not nearly as much as the buy and holders. And more importantly, I would have been back to break even exactly 11 trading days after the April 8th bottom while the stock was still down 50% from its January high. By May 13th that year, every lot would have been retired profitably and the 12 trades since the top would have netted +43% while the stock was still down 38%. Similar story in 2022 when the stock was down 60% from Jan 1 to Nov 9th - I'd have been back to green 3 days after that bottom and +38% overall the day after that, despite still holding 2 lots down a combined 84%. And even though it would have taken until early 2025 for those 2 lots to pay, I'd have made another +197% in trades along the way, not even counting the -84% pair of lots becoming +13% in wins in the process. Also, and this is big too, I'd have never been holding more than 4 lots of exposure, limiting the compounding loss risk of DCA along the way had it gone down further, or to zero. So while I won't say I'm totally unconcerned about this trade (or any trade, for that matter), I have the peace of mind of knowing that what I'm doing is generally far better than buy and hold in a down market, recovers more quickly after one, and far better on a return per day invested basis on the way up in most cases. That's plenty good enough for me to justify going long. As per usual, should the trade drag out, I will tactically add and subtract along the way, using FPC unless stated otherwise. As always - this is intended as "edutainment" and my perspective on what I am or would be doing, not a recommendation for you to buy or sell. Act accordingly and invest at your own risk. DYOR and only make investments that make good financial sense for you in your current situation.